Benchmarking the International Council on Mining and Metals (ICMM) Mining Principles to determine alignment with other initiatives
TDi Sustainability supported the International Council on Mining and Metals to conduct an equivalency benchmark of ICMM’s Mining Principles to determine how they are aligned to other responsible mining and metals initiatives.
The purpose of the benchmarks were to:
- Transparently demonstrate to customers, investors, and other interested parties the extent to which ICMM’s Mining Principles are equivalent to the requirements of other standards and initiatives.
- Avoid the risk of different interpretations of equivalency by stakeholders, by coming to mutual agreements between ICMM and the owners of other standards and initiatives.
- Enable all interested parties to have access to a mutually accepted equivalency assessment that would enable efficient joint third-party assessments of implementation progress where appropriate.
- Facilitate cross-recognition of companies’ validation by other standards and initiatives where the validation process of the other scheme is equally credible and robust as ICMM’s Validation Procedure, to avoid duplication of third-party assessment work.