The Responsible Mining Foundation has launched The Responsible Mining Index. This index, funded by the Dutch and Swiss government, is a ranking for the 30 biggest mining companies in the world, where they are ranked on environmental, social, economic, and governance issues.
Even though the index shows that a lot of companies can improve on these issues, the RMI was not designed to name and shame companies. As the Responsible Mining Foundation states on their website: “…the goal of RMI is to encourage continuous improvement in responsible mining across the industry by transparently assessing the policies and practices of large, geographically dispersed mining companies… “
This index is a great first step for companies to gain insight in the performance where improvement is necessary. According to an interview in the Dutch paper Financieele Dagblad with RMI founder Isabelle van Notten companies already contacted the RMI on what they can do to improve their ranking.
Mining is an industry that can really benefit a country’s GDP but mining often had a negative on both the workers and the environment. There is some irony in the fact that we need the metals and minerals from these mines for other sustainability goals. Solar panels, windmills and electric car batteries all rely on these kinds of minerals and the demand for these minerals will only increase over time. That's why that if the mining industry becomes more sustainable for both workers and environment than this will have a great impact on the UN Sustainable Development Goals.
ChainPoint is closely following the developments regarding mining and conflict minerals and therefore we applaud the launch of the Responsible Mining Index. In our solution paper we discuss how companies can take steps on how to reduce or prevent non-sustainable minerals ending up in supply chains.
If you have any questions about mining, conflict minerals or our solutions, please don’t hesitate to contact us.