ICMM Sustainable Development Framework: Guide to elements and member commitments

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1 ICMM Sustainable Development Framework: Guide to elements and member commitments

2 Origins of SD Framework Foundations of SD Framework is in the MMSD project ICMM also undertook a review of standards, guidelines and conventions developed as of 2002 In 2003 ICMM s CEO-led Council committed corporate members to: Implement a set of 10 Sustainable Development Principles Measure their performance against the Principles In May 06 ICMM Council approved a Pilot Assurance Procedure intended to lead to 3 rd party assurance of: Implementation of the 10 ICMM Principles Reporting in accordance with the Global Reporting Initiative (GRI) ICMM Council approved revised Assurance Procedure (May 08)

3 ICMM s Sustainable Development Framework 10 Principles for Sustainable Development which corporate members are required to implement throughout their businesses A commitment to publicly reporting performance against the 10 Principles in line with the GRI G3 Sustainability Reporting Guidelines and Mining and Metals Sector Supplement Independent external assurance of members reported performance against the ICMM Principles and GRI requirements

4 ICMM Sustainable Development Principles ICMM Principles for Sustainable Development 10 Principles for sustainable development which corporate members are required to implement throughout their businesses

5 ICMM Sustainable Development Principles 1. Implement and maintain ethical business practices and sound systems of corporate governance 2. Integrate sustainable development considerations within t e corporate decision-making process 3. Uphold fundamental human rights and respect cultures, customs and values in dealings with employees and others who are affected by our activities 4. Implement risk management strategies based on valid data and sound science 5. Seek continual improvement of our health and safety performance

6 ICMM Sustainable Development Principles 6. Seek continual improvement of our environmental performance 7. Contribute to conservation of biodiversity and integrated approaches to land use planning 8. Facilitate and encourage responsible product design, use, re-use, recycling and disposal of our products 9. Contribute to the social, economic and institutional development of the communities in which we operate 10. Implement effective and transparent engagement, communication and independently verified reporting arrangements with stakeholders

7 Reporting Reporting A commitment to public reporting performance against the 10 Principles in line with the GRI G3 Sustainability Reporting Guidelines and Mining and Metals Sector Supplement

8 Reporting In 2005 ICMM members committed to report In Accordance with the Global Reporting Initiative (GRI) 2002 Sustainability Reporting Guidelines and the Pilot Mining and Metals Sector Supplement (MMSS) Sector supplement development in : 20 person multi-stakeholder working group with 50% industry and 50% other key stakeholders (GRI-led) Key stakeholders: environmental and social development NGOs, indigenous peoples representative, labor, World Bank and investors Diverse mix to enhance legitimacy, enrich understanding of the issues and introduce fresh perspectives In May 2008 ICMM members committed to report in line with the Global Reporting Initiative (GRI) G3 Sustainability Reporting Guidelines and the MMSS Pilot MMSS scheduled for review during through a GRIled process engaging a 16 person multi-stakeholder working group

9 Assurance Independent Assurance Independent external assurance of members reported performance against the ICMM Principles and GRI requirements

10 Independent Assurance ICMM Assurance Procedure requires members to: Include in a public report, statements on how the company complies with the ICMM SD Principles and Reporting commitments Seek confirmation that SD reports meets Level A+ of the G3 Guidelines Having SD reports assured by a third party consistent with this procedure Intended to give stakeholders assurance over public statements describing how the SD Framework is being consistently implemented by all member companies

11 Reported Subject Matter for assurance Subject Matter 1: Alignment of company s sustainability policies to ICMM s 10 Principles and Position Statements Subject Matter 2: Company s material SD risks and opportunities based on its own review of the business and stakeholder views/expectations Subject Matter 3*: Existence and status of implementation of systems or approaches to manage identified material SD risks and opportunities Subject Matter 4*: Reported performance during reporting period for each (or a selection) of the identified material SD risks and opportunities Subject Matter 5: Company s self-declared application level of the GRI G3 Sustainability Reporting Guidelines (G3 Guidelines) * For Subject Matters 3 and 4, member companies have the option of choosing a selection of material SD risks and opportunities for assurance in discussion with the assurance provider.

12 Structure of the Assurance Procedure

13 Parties to assurance company, assurance provider & intended users

14 Supporting the SD Framework ICMM work program Community & Socio-economic development Environmental stewardship Health & safety Materials stewardship Resource Endowment All ICMM projects support implementation of the 10 Principles Tools and publications Conferences Workshops Good Practice website - SD Framework Supporting the Framework ICMM work programs & projects Sharing Good Practice Partnerships

15 ICMM 6 th Floor North 35 Portman Square London W1H 6LR United Kingdom Telephone: +44 (0) Fax: +44 (0) info@icmm.com

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