cell phones and minerals

Discussion in 'Technology' started by msilverstein47, Dec 20, 2011.

  1. msilverstein47

    msilverstein47 Member+

    Jan 11, 1999
    Nat'l Team:
    United States
    Mark Regier, Director of Stewardship Investing for Everence Financial, was one of the more than 90 signatories to ICCR's statement. He spoke with SocialFunds.com this week about a campaign launched by Praxis Mutual Funds to raise awareness of the issue among customers of cell phone service providers. The Praxis Mutual Funds are advised by Everence.

    In a statement accompanying the launch, Regier explained, "Children and adults are forced—through rape and brute force—to work in mines in the Democratic Republic of Congo. The reason for the violence is, sadly, to extract minerals such as tin, tantalum, tungsten and gold, which are essential in the manufacturing of our most common electronic devices, such as cell phones."

    "We're involved on multiple fronts in conflict minerals through ICCR, but we wondered how we could help people see how this issue touches their lives," Regier told SocialFunds.com. "There are a number of campaigns working directly with the electronics manufacturers, but we've seen the value of bringing other aspects of the supply chain into the mix."

    "To our knowledge, nobody has worked with the major cell service providers," he continued. "Four companies today control 80% of the market. We wanted to bring them into the conversation because well over a majority of Americans get their cell phones through their service providers. They're major players in funneling people to certain types of phones. So this is an opportunity to educate our constituents on how their lives and their choices are a part of all this."

    The campaign invites customers of the four major cell phone service providers—AT&T, Sprint Nextel, T-Mobile, and Verizon—to email their providers, expressing concern over the use of conflict minerals in their cell phones.

    "The illicit trade of conflict minerals in the Democratic Republic of Congo supports armed groups and perpetuates cycles of death, rape and violence," the email states, and requests that the providers take a leading role in insuring that cell phones are free of conflict minerals.

    "Our campaign briefly introduces people to the issue of conflict minerals and the connection to cell phones and cell service providers," Regier said. "If you're setting up preferred networks with manufacturers, they become part of your supply chain. These relationships do matter and service providers have to take ownership of that responsibility and be active in the conversation."

    While the campaign was just launched this week, Regier said that the providers have already been contacted by Praxis.

    "The conversations are at the very earliest stages, but some of them have already indicated that this is an issue that is on their radar and that they are addressing it," he said.

    "Some of the service providers have been resistant to even responding, so we're hoping that as the emails start to trickle in it will inspire them to consider this something they should respond to," Regier said.

    "It's hard to imagine that in the year 2011 we have to talk about slavery, but apparently we do," he continued. "Not only do we have a desire to achieve certain social ends, but we also want to bring others along with us to the intersection that exists between corporate practice, investing, and the retail community. We hope we can be a little part of bringing people's awareness to the issue as we make our way through this globalized world we live in."
     

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