Stakeholder Sectors Archives - Page 2 of 2 - IRMA - The Initiative for Responsible Mining Assurance

Credit: Rainforest Foundation NorwayFinance

Investors managing US$2.7T identify IRMA as ‘Key Initiative’

28 February 2024By IRMA

Thirty investment institutions with over US$2.7 trillion in assets under management have endorsed a statement calling for responsible mining practices in the nickel supply chains of the electric vehicle industry, with new signatories still joining after the initial February 20 launch.

Led by the Dutch Association of Investors for Sustainable Development (VBDO) and Rainforest Foundation Norway, the statement uniquely specifies the Initiative for Responsible Mining Assurance (IRMA) as key to advancing responsible nickel mining.

Consistent with the IRMA Standard, the statement calls for upstream suppliers to commit to the adoption of free, prior and informed consent (FPIC), independent third-party auditing, multi-stakeholder consultations, fair compensation to affected rights-holders, effective grievance procedures and a commitment to report publicly on the implementation of these actions.

The list of signatories includes pension funds and asset managers well-recognized in the sustainable investing space including PGGM, Storebrand, and Triodos Investment Management.

Recording of the IRMA Deep Dive for Mining Companies

18 December 2023By IRMA

Thursday, December 14th, IRMA hosted a dedicated webinar for mining companies to learn more about the Initiative for Responsible Mining Assurance. It was simultaneously interpreted in Spanish, Russian, Portuguese, Indonesian, French, and Chinese.

Given our service to multiple sectors, we’re aware investors and companies who purchase mined materials are increasingly asking for mines to be independently assessed in IRMA system. Just as we seek to provide value to these sectors, as well as civil society, communities and labor unions, we’re equally committed to serving the mining sector.

The webinar was an open and candid discussion between representatives of mining companies that have been IRMA-audited, purchasing companies engaged in IRMA, and the key IRMA Secretariat staff who are dedicated to serving the mining sector. It highlighted the tools and training we’re developing to help mining companies better understand the standard and our assessment process. It also addressed common questions, hesitations, doubts and even frustrations, all with the aim of ensuring IRMA is responsive and useful to the mining sector.

The slides (English-only) are here. The webinars are available on our youtube channel and embedded below in Spanish, Russian, Portuguese, Indonesian, French, English and Chinese.

Spanish

Russian

Portuguese

Indonesian

French

English

Chinese

NOTE: At one point both interpreters talk simultaneously for a few minutes.

IRMA: a deep dive session for mining companies

30 November 2023By IRMA

On Thursday, December 14th, IRMA is hosting a dedicated webinar for mining companies to learn more about the Initiative for Responsible Mining Assurance.

Given our service to multiple sectors, we’re aware investors and companies who purchase mined materials are increasingly asking for mines to be independently assessed in IRMA system. Just as we seek to provide value to these sectors, as well as civil society, communities and labor unions, we’re equally committed to serving the mining sector.

This will be an open and candid discussion between mining company representatives, purchasing companies engaged in IRMA, and the key IRMA Secretariat staff who are dedicated to serving the mining sector. In particular, we’ll highlight the tools and training we’re developing to help mining companies better understand the standard and our assessment process.

We’ll also address common questions, hesitations, doubts and even frustrations, all with the aim of ensuring IRMA is responsive and useful to the mining sector.

Our draft agenda is as follows:

An introduction to IRMA, including addressing some of the most common questions we receive from mining companies
Short presentations from representatives from purchasing and finance, sharing their motivations for participating
Insights from mining companies who have undertaken third-party assessments, sharing their experience and learnings
A Q&A session with attendees

Register here for the session, taking place from 10:30AM – 12PM Eastern on December 14th. In case you’re not able to make this date, please register in any case, as a recording will be shared.