17 Feb ICMM updates responsible mining principles for member companies
The International Council on Mining and Metals (ICMM) has launched its enhanced membership requirements, amid rising calls for miners to operate in line with environmental, social and governance (ESG) best practices.
ICMM’s Mining Principles have been updated for the first time since 2003 to include site-level validation and transparent disclosure. The principles will apply to roughly 650 assets in over 50 countries held by 27 companies, including BHP, Rio Tinto and Barrick Gold.
“Mining and metals are critically important to society – as a catalyst for sustainable social and economic progress and as essential materials for the technologies needed to address climate change – but they must be produced responsibly,” said ICMM’s COO Aidan Davy.
“Societal expectations of the mining industry encompass a broad range of environmental, social and governance challenges. Our aim has been to develop a holistic set of requirements that establish a benchmark for responsible mining practices.”
The updated Mining Principles are a result of a global public consultation process that started in April 2018, and they strengthen social and environmental requirements on issues such as labour rights, resettlement, gender, access to grievance mechanisms, mine closure, pollution and waste.