EICC Foundation & Initial Audit Fund
The EICC Foundation was established in 2015. The purpose of the Foundation is to support EICC’s charitable, scientific and educational activities by improving the public’s ability to consider social, environmental, and economic responsibility within supply chains to make informed consumer decisions. The Foundation is recognized as a Section 501(c)(3) tax-exempt organization and therefore may receive tax-deductible charitable contributions from individuals and corporations. These contributions enable EICC and the Foundation to leverage opportunities for public funding to develop and implement special programs, research projects, tools and other initiatives for public benefit, in the area of responsible mineral sourcing.
The Foundation supports the charitable, scientific, and educational purposes of the Responsible Minerals Initiative (RMI) a project of EICC.
The principal purposes for contributions made to the Foundation in support of RMI are:
- To maintain the Conflict Free Smelter Program (CFSP) Initial Audit Fund, which covers the first audit for CFSP auditees, and the publication of audit results on the CFSP’s website.
- To support relevant upstream due diligence activities.
- To develop and publicly disseminate data, guidance, training, and tools for responsible sourcing.
Making a Donation
Donations to the Foundation can be made via check or wire transfer. Contributing companies will receive a letter from the Foundation thanking them for their donation and support of RMI. The acknowledgement letter will describe the approximate impact of their donation in terms of the number of initial audits that will be paid for by the donation.
Initial Audit Fund for Participating Smelters
The Initial Audit Fund is a voluntary program managed by the RMI designed to encourage CFSP-eligible smelters to undergo an independent third party audit and participate in an annual review process. The Fund offers smelters an incentive for participating in the CFSP by fully paying for the costs of their initial audit. Support for the Fund is provided on a voluntary basis and is available to smelters on a first come, first serve basis until audit funds are depleted.
The CFSP provides outcomes that are beneficial to both RMI members and the public: participating smelters or refiners (SORs) are publically listed on the RMI’s website for all actors in the supply chain to view and use in their sourcing decisions, regardless of whether they are a member of RMI or not; proliferation of the audit program also encourages greater number of SORs to develop systems and processes to support conflict-free mineral procurement that may improve responsible mineral practices sourcing upstream, and communities impacted by these improvements.
The Initial Audit Fund was launched in 2013 by the following corporate donors:
- General Electric
Subsequent funding has been provided by:
- 3M (2014)
- ABB (2015, 2016)
- Apple (2015)
- Baxter Healthcare Corporation (2015)
- Becton, Dickinson and Company (2016, 2017)
- Best Buy (2014, 2015, 2016)
- EMC Corporation (2015)
- Ford Motor Company (2015)
- Google (2014, 2015, 2016)
- GM (2017)
- Hewlett Packard Enterprise (2016)
- Honda (2015, 2016, 2017)
- IBM (2014, 2016, 2017)
- Juniper Networks (2016)
- Lenovo (2017)
- Lockheed Martin (2015, 2016)
- Microsoft (2014)
- NXP Semiconductors (2016)
- On Semiconductor (2014)
- Qualcomm (2014, 2015. 2016)
- Sony Corporation (2016)
- Tenneco (2015)
- Texas Instruments Inc. (2016)
To be eligible for use of the funds, smelters must first meet the CFSP eligibility requirements. Once determined to be eligible for the audit, the smelter must not have undergone a previous CFSP audit, must have demonstrated its commitment to participating in the CFSP by signing the Auditee Agreement and Agreement for Exchange of Confidential Information, and must have submitted the Pre-Audit Checklist and Line Item Summary to RMI staff in a timely manner. The Fund can be applied to multiple facilities under a single smelter so long as it is each facility’s first audit. Furthermore, in order to encourage CFSP participation among as many companies as possible, each smelter is only eligible for one incentive for each metal for which it is undergoing the audit.
For more information or to make a donation, please contact Hillary Amster at firstname.lastname@example.org.