Conflict Minerals & Cobalt Reporting Software
Cobalt reporting along the supply chain

Increase transparency in the cobalt supply chain and improve supply chain governance.

Cobalt Due Diligence

What is Cobalt?
Cobalt was first used for heat-resistant paints and pigments, e.g. for painting porcelain and ceramics. Today, cobalt is used as an alloying component to increase the high-temperature strength of alloyed and high-alloy steels, as a binder phase in hard metals and diamond tools.

Cobalt steels are used, for example, for highly stressed components that have to withstand high temperatures, such as valve seat inserts in internal combustion engines. Cobalt-based superalloys have historically consumed most of the cobalt produced. The temperature stability of these alloys makes them suitable for gas turbine blades and aircraft engines.

Furthermore, cobalt is used in lithium-ion batteries, which are an essential component of electric cars, among other things. It can therefore be assumed that demand for cobalt will increase significantly in the coming years.
 

Central problem of cobalt production?
As with many other ores, mining is partly carried out under precarious conditions. Several reports have raised concerns about the social and environmental impacts of cobalt mining, including child labor, modern slavery unsafe working conditions.

It is estimated that in Congo, where a good half of the world's cobalt is mined, around 20% of the cobalt is mined by hand.

    Cobalt Due Diligence White Paper
    • Comprehensive overview of Cobalt due diligence
    • Solution for automated reporting along the supply chain
    • Connection to Conflict Minerals Reporting
    Cobalt due diligence definition

    Background Information on Cobalt Due Diligence

    Legislative regulations - Relevance for Companies - The RMI Reporting Framework

    Cobalt reporting is currently not required by any international legislation or regulation. According to the definition provided in the SEC Final Ruling (US Securities and Exchange Commission, 2012), as it relates to Section 1502 of the Dodd-Frank Wall Street  Reform and Consumer Protection Act of 2010 (US Congress, 2010), Cobalt is NOT a conflict mineral.

    Companies need to keep pace with the market expectations of customers, investors and non-governmental organizations. Furthermore, companies can thus highlight their corporate responsibility.

    For cobalt reporting, you can use the Cobalt Reporting Template (CRT) by the Responsible Minerals Initiative (RMI). The CRT helps you collecting information about the country of origin and the smelters and refiners used.

    For your cobalt reporting, you need to examine the supply chain in terms of smelter and refiner usage. To do this, you will need to communicate your company's requirements to your suppliers and collect data using the CRT. Once the data is collected, you need to analyze it to determine the risk level of the smelters and refiners used in your supply chain.

    Our software iPoint Conflict Minerals helps you manage these individual steps in a central application along with your Conflict Minerals reporting.

    For more information on Cobalt due diligence and reporting, click here:

    Cobalt due diligence information
    iPoint Conflict Minerals – Source responsibly

    Our Solution for Cobalt Reporting

    • Manage cobalt and conflict minerals reporting in one place
    • Save time by automating and integrating iPoint Conflict Minerals with your business processes
    • Increase the efficiency of your supply chain integration and risk management
    • Benefit from the latest Cobalt Reporting Template (CRT)

    > Discover iPoint Conflict Minerals

    Conflict Minerals & Cobalt Reporting Software

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