Working with the Responsible Minerals Initiative on the development of the Risk Readiness Assessment (RRA)
The Responsible Minerals Initiative (RMI) is committed to promoting responsible mineral sourcing in supply chains and has undertaken several significant initiatives in collaboration with TDi to achieve this goal.
TDi partnered with RMI to research, analyse, and provide an overview of gold aggregators/traders, including where they operate, how they operate, and what they produce.
The research team used electronic questionnaires completed by gold buyers and conducted semi-structured interviews with industry practitioners, supplemented by the analysis of publicly available data
Working with the RMI
In partnership with the Responsible Business Alliance (RBA), RMI and TDi developed the Risk Readiness Assessment (RRA) to promote a common understanding of best practices and assess risks in the mineral supply chain.
The RRA enables the communication and evaluation of upstream companies’ performance against industry expectations for responsible sourcing and environmental, social, human rights, and governance standards at operations and facilities.
TDi completed a three-year project that deeply analysed over 50 industry standards, including the OECD Due Diligence Guidance, and identified the industry norms for 31 key issues for the mining and metals industry and downstream supply chain.
The report includes simplified maps of the gold supply chain illustrating the occurrence of aggregators and the flow of materials between countries and makes tentative recommendations regarding how aggregators might participate in the RMI’s formal due diligence programs.