Source Intelligence Wins Meggitt – Conflict Minerals Non-Issuer European Union Contract

Source Intelligence has added aerospace, defense and energy group Meggitt to its growing list of global customers.

According to a release, Meggitt represents a growing class of companies that, although not required to comply with the Dodd-Frank legislation, are committed to ethical sourcing.

Source Intelligence CEO Jess Kraus said: "More and more corporations like UK-based Meggitt have been showing an interest in demonstrating socially-responsible behavior locally and globally, regardless of legislation to which they may be subject. We believe that this will also translate into demand for products produced responsibly."

On August 22, 2012, SEC adopted a final rule to implement Section 1502 of the Dodd-Frank Act. The rule requires publicly-held companies to disclose whether their products contain conflict minerals: tin, tantalum, tungsten, or gold (3TG) originating from the Democratic Republic of the Congo (DRC) or specific adjoining countries. However, the rule only applies to U.S.-based, public stock issuers. More and more corporations like U.K.-based Meggitt, however, have been showing an interest in demonstrating socially responsible behavior at local and global levels, regardless of legislation to which they may be subject.

Source Intelligence is a value chain risk management company that provides a SaaS platform to help customers make informed decisions about their business partners and suppliers, so they can offer products that meet legal, ethical, and environmental standards.

More information:

www.sourceintelligence.com

www.meggitt.com

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