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CCCMC, RCI hold a "Mobilization Meeting for the Due Diligence Pilot Assessment for the Supply Chain of Cobalt Refineries"

Source:CCCMC Published:2019-02-14 Editor:

On January 23, 2019, CCCMC and the Responsible Cobalt Initiative (RCI) held a "Mobilization Meeting for the Due Diligence Pilot Assessment for the Supply Chain of Cobalt Refineries" in Beijing. The meeting gathered more than 30 participants from the Organization for Economic Cooperation and Development (OECD), the International Labour Organization (ILO), the United Nations Development Programme (UNDP), the German international cooperation agency GIZ and representatives from the upstream and downstream cobalt supply chain. The meeting was attended by senior experts from SGS.

The meeting discussed how to ensure that the due diligence pilot assessment in cobalt supply chain can operate in an independent, effective and fair manner, and how to give full play to the role of various stakeholders in the implementation of the project. The attendees discussed the retrospective problems, high-risk region definition and the feasibility of the standards in the cobalt industry. It is hoped that the pilot assessment would be an opportunity to improve the standards and seek industry solutions.

 

The pilot assessment focuses on the following three objectives: (1) the applicability, operability and effectiveness of the test criteria; (2) helping the cobalt refining enterprises of the RCI members identify the gaps and risks in the supply chain due diligence in order to carry out targeted training and technical support; (3) testing the effectiveness and independence of the assessment process, so as to do the basic work for further improving the assessment process.

 

The enterprises participating in the pilot assessment include Huayou Cobalt Co., Ltd., Guangdong Jiana Energy Technology Co., Ltd., Hanrui Cobalt, GEM Co., Ltd. (Taixing plant and Jinmen plant) and Ganzhou Tengyuan Cobalt New Material Co., Ltd.. They are committed to identifying, preventing and controlling the possible social and environmental risks in the cobalt supply chain based on the principle of "continuous improvement and treatment of both symptoms and root causes". According to the problems and risks identified in the pilot assessment, the supply chain due diligence system will be continuously improved and efforts will be made to build a responsible, inclusive and sustainable cobalt supply chain.