This collaborative engagement group focuses on engaging companies on their responsible sourcing practices around cobalt in line with OECD Due Diligence Guidance. Investors will engage with companies to understand how they are addressing the issue of responsible sourcing of cobalt and to encourage them to improve specific practices.

Why investors should care

Systemic human rights violations in cobalt supply chains originating in the mines of the Democratic Republic of Congo (DRC) have become a risk for companies that rely on this mineral for their products. Reasons include:

  • increasing regulatory risks associated with legislation around sourcing of minerals;
  • reputational risk associated with investigations and media attention on poor corporate practices in cobalt supply chains;
  • consumer expectations;
  • potential negative impact, on operations and material availability.

As well as mitigating risk,good management of cobalt supply chains can contribute to a company’s competitive advantage, and strengthen its long-term financial stability. Benefits include:

  • cost savings through improved efficiency and working conditions as well as risk management;
  • mproved relationships with stakeholders including suppliers and consumers;
  • improved ability to preserve reputation.

View the PRI’s work on this issue

Join the group

Status: wrapping up
Timeline: September 2018 – December 2020
PRI contact: Chloe.Horne@unpri.org
View group on the Collaboration Platform

Members

Lead investors
ACTIAM
Aberdeen Standard Investments
APG Asset Management
BNP Paribas Asset Management
Boston Common Asset Management
Church Commissioners of England
BMO Global Asset Management
Green Century Capital Management
EOS at Federated Hermes (formerly Hermes EOS)
HSBC Global Asset Management
Impax Asset Management
Legal & General Investment Management
NN Investment Partners
EOS at Federated Hermes (formerly Hermes EOS)
HSBC Global Asset Management
Impax Asset Management
Legal & General Investment Management
NN Investment Partners
Pictet Asset Management
Rathbone Brothers Plc
Robeco
Storebrand Asset Management
Sumitomo Mitsui Trust Asset Management
KLP
Supporting investors 
Achmea Investment Management
Aegon Asset Management
Affirmative Investment Management
AMF
Australian Ethical Investment Ltd.
Aviva Investors
Bankhaus Schelhammer & Schattera AG
BTG Pactual
Caja Ingenieros Gestión SGIIC, SAU
California Public Employees’ Retirement System (CalPERS)
Cordiant Capital
Core Capital Management, LLC
DNB
Domini Impact Investment
Grupo Ecoagro
Handelsbanken Asset Management
Indep’AM 
Länsförsäkringar
AB
LGPS Central
M&G
Macquarie Investment Management Europe
Mirova
Nordea
Ostrum Asset Management
Resona Asset Management
Sparinvest Group
SulAmérica Investimentos DTVM S.A
Zürcher Kantonalbank/Swisscanto

Engagement focus companies

Not disclosed.