recognition

Credit: Rainforest Foundation NorwayCredit: Rainforest Foundation NorwayFinance

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

28 February 2024By

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.

READ MORE
Blog

IRMA cited in White House report on building resilient supply chains

15 June 2021By

We are pleased to share that the U.S. White House mentions IRMA in their recent report from Biden’s Executive Order on building resilient supply chains. Both the U.S. Department of Energy and the U.S. Department of Defense reference the IRMA Standard as a road map for best practices in mining materials needed for large capacity batteries related to renewable energy and for critical minerals related to electronics and mobility:

“The Initiative for Responsible Mining Assurance (IRMA) is an international coalition of businesses, nongovernmental organizations, labor unions, mining operators, and other stakeholders that has developed a Standard for Responsible Mining and established a system for independently certifying mines worldwide that adhere to that standard. IRMA may provide a method for U.S. companies and the Federal Government to ensure that minerals are being sourced from mines with robust environmental, social, and financial responsibility policies, and also could provide a model for responsible development of additional mines in the United States.”

With a measurement model built on social responsibility, environmental responsibility, business integrity and planning for positive legacies, a governance model founded on consensus across multi-stakeholder interests, and a reporting model capturing unprecedented detail while prioritizing transparency, IRMA provides the most credible assurance standard for the mining industry. As recognized by the Biden Administration, IRMA’s standard can inform and provide a template for improved laws and regulations for mines developed in the United States (and elsewhere), and IRMA’s independent assurance program can help to recognize and foster more responsible mineral supply chains globally.

This important recognition is thanks to the commitment and years of collaborative work invested by IRMA’s visionary multi-stakeholder board.

FOR MORE INFORMATION:

READ MORE
NGOs

BC Mining Law Reform Issues Recommendations for Legal Reform

7 August 2019By

BC Mining Law Reform was created in May 2019 to push for certain changes in the BC mining regulatory landscape. The new reports offer 69 recommendations that range from broad policy updates to small changes in current legislation. They include the adoption of free, prior, and informed consent for indigenous communities affected by mining projects and major changes to BC’s mineral tenure system.

Waste Disposal and Management: BC Mining Law Reform recommends reducing the number of existing tailings dams; moving away from wet tailing impoundments; adopting the Initiative for Responsible Mining Assurance (IRMA) Standard for Responsible Mining for waste management; and banning disposal of wastes into lakes, rivers, or oceans.

Water Protection: BC Mining Law Reform recommends the adoption of the IRMA Standard for Responsible Mining water management standards, including full consultation with communities and stakeholders on critical water-related issues, with third party independent reviews. The network also recommends the prohibition of mines likely to require perpetual water treatment unless able to meet exceptional criteria.

Read full article >

READ MORE
Blog

30 law and advocacy groups in Canada recognize IRMA

30 May 2019By

 

This is one of more than 60 recommendations released in British Columbia, Canada in May as part of a package of legal reforms launched by more than 30 mining advocacy and law organizations. The recommendations are calling for an overhaul in the way BC regulates exploration, placer mining and metal/mineral mining.

B.C. Mining Law Reform: A Plan of Action for Change is the result of two years of research begun by the Environmental Law Centre, with support from Indigenous advocates and groups like MiningWatch Canada.

Read the full article on The Narwhal.

READ MORE
Blog

50 NGO’s sign open letter recognizing responsible sourcing through IRMA

30 April 2019By

50 NGOs including Greenpeace, Earthworks, Global Witness and others signed an open letter to the World Bank stating that ‘where sourcing from mining operations is absolutely necessary, purchasers must insist that those operations adhere to stringent international environmental and human rights best-practices standards (such as those developed by the multi-stakeholder Initiative for Responsible Mining Assurance) with independent, third-party assurance of compliance.’

The letter was signed on the launch of the Climate Smart Mining initiative in Washington DC. The leaders also stated that an ‘essential shift is necessary in order to keep global temperature rise below 1.5 degrees and avert the most disastrous impacts of climate change. And yet, even as new renewable energy infrastructure ramps up, we are concerned about the impacts of extracting minerals.

Read full article >

READ MORE
Blog

WWF Calls on Corporates to Implement Credible Mining Certification

18 December 2018By

WWF Germany recently published a report, Boom in Raw Materials: Between Profits and Losses, which offers one of the first concrete rebuttals from a major environmental group against the notion that industry actions alone are enough to move the global industrial mining sector towards greater responsibility.

Overall the report says companies need to take the following actions:

  • Identify their risks and impacts related to mining and metals, and seek strategies with a range of stakeholders including NGOs.
  • Demand supply chain due diligence from their suppliers to uphold credible mining standards.
  • Implement credible certification at the mine site level.

In the sections of the report calling for corporate action, the authors point primarily to the Initiative for Responsible Mining Assurance (IRMA) as a credible, multi-stakeholder-driven option for assurance of more responsible industrial mining at the mine site level. . . IRMA was cited throughout the report as it is the only current certification system that offers a comprehensive standard offering one-stop coverage of the full range of environmental and social issues related to the impacts of industrial-scale mines.

Read full article >

READ MORE