The blog, managed by the University of Pennsylvania Law School, outlines Schwartz’s role on the conflict minerals issue.
“Jeff Schwartz, a professor at the University of Utah S.J. Quinney College of Law, proposed that the SEC make some structural changes to enable the rule to actually achieve its intended purpose of raising consumer awareness by “naming and shaming” firms that use conflict minerals,” the article states.
“Schwartz argued the SEC should direct companies to focus on mineral processing facilities instead of suppliers because the conflict status of minerals used in processing facilities information is already available thanks to an existing NGO, the Conflict Free Sourcing Initiative (CFSI). This organization investigates processing facilities, including smelters and refineries, to determine whether each facility takes appropriate precautions to ensure only conflict-free minerals pass through for processing. Of more than 300 processing facilities in the DRC and neighboring nations, CFSI has already certified 128 of them as “conflict-free.”