Enhancing due diligence practices for a leading mining company
TDi Sustainability collaborated with a leading mining company to enhance its due diligence and responsible sourcing strategy, aiming to bolster its internal risk management systems and meet the growing demands for ethical value chain practices and standards.
To accomplish these goals, TDi Sustainability undertook several strategic actions:
Reinforcing due diligence systems:
TDi partnered with the company’s internal responsible sourcing team to reinforce its responsible sourcing and due diligence system in response to mounting pressure from stakeholders such as investors, regulations, ESG standards, and customers in the minerals and mining sector.
Identification of gaps and recommendations:
Through an assessment of the company’s ethical value chain approach, regulatory requirements, and industry best practices, TDi identified gaps in the existing responsible sourcing and due diligence approach and provided recommendations to address them.
Responsible sourcing policies and tools
The TDi team outlined best practices relevant to internal criteria and standard development, assisting the internal team in formulating specific responsible sourcing policies and tools to effectively manage potential risks throughout the value chain and facilitate informed decision-making in their trading activities.