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

AkademikerPension
APG
Asr
BMO GAM
Boston Common
Candriam
Columbia Threadneedles
Council on Ethics
CPPIB
Decatur Capital Management
Deka Investment
Eden Tree IM

Etica Sgr
Hermes
MN
Newton IM
OFI AM
Pegaso - Fondo pensione complementare
Pensions Caixa 30 FP
PGGM
Poste Vita S.p.A.
Rathbones
Steyler Bank
Storebrand ASA

Supporting investors

Affirmative IM
AMF
Amundi
AP Pension
AP1
Australian Ethical
AustralianSuper
Calvert Research and Management
Church of Sweden
CoreCommodity Management, LLC
Degroof Petercam AM
ESG Portfolio Management

Kempen
Mercy Investments
Miller Howard Investments
New York State Common Retirement Fund
Ohma
Raiffeisen
Skandia
SPF Beheer
Svenska Handelsbanken AB (Publ)
VidaCaixa
Willis Towers Watson

Engagement focus companies

Not disclosed.