CARLSBAD, Calif., May 16, 2014 /PRNewswire/ -- California-based Source Intelligence has added aerospace, defense and energy group Meggitt to its growing list of global customers. 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 commented: "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 offers companies like Meggitt a comprehensive Conflict Mineral compliance platform, which expands into FCPA and chemical management for a total vendor risk management solution. Source has been active in the E.U. since 2010 and has several major E.U. companies in advanced compliance program discussions as of March 2014.
To learn more, request a demo of the platform here.
About Source Intelligence (www.sourceintelligence.com)
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. Its cloud-based information and analytics platform provides customers with visibility into product supply chains and material sources. Founded in 2009, Source Intelligence® has headquarters in Carlsbad, California and has operations around the world.
About Meggitt PLC (www.meggitt.com)
Headquartered in the United Kingdom, Meggitt PLC is an international group operating in North America, Europe and Asia. Known for its specialized extreme environment engineering, Meggitt is a world leader in aerospace, defense and energy. Meggitt employs over 10,000 people at around 40 manufacturing facilities and regional offices worldwide.
Source Intelligence® Contact:
Adam Harriss, Business Development Director
(877) 916 6337
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