Submitted by Responsible Business Alliance
ALEXANDRIA, Va., June 3, 2021 /CSRwire/ – The Responsible Minerals Initiative (RMI) of the Responsible Business Alliance (RBA) today announced the release of its Environmental, Social & Governance (ESG) Standard to further improve conditions for workers, address environmental and community impacts, and manage governance risks in all mineral supply chains.
The Responsible Minerals Assurance Process (RMAP) ESG Standard leverages the RMI’s extensive experience in minerals supply chain assurance and benchmarking against internationally recognized frameworks. The new Standard provides a set of criteria applicable to mineral processors, smelters and refiners, including those integrated with mine sites, in all countries and marks a significant expansion of the RMI’s scope, going beyond the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
The RMI’s ESG Standard includes several key components:
“The RMI’s ESG Standard offers the most comprehensive set of Environmental, Social & Governance requirements globally for facilities sourcing and processing minerals,” said Leah Butler, Vice President of Responsible Sourcing at the Responsible Business Alliance. “This Standard will help companies meet government, investor, customer and regulatory requirements, such as the expectations set by EU Due Diligence frameworks and the London Metals Exchange (LME).”
Building on the RMI's Risk Readiness Assessment framework and the RBA’s Validated Assessment Program (VAP), the ESG Standard focuses on site-level facility operations as a complement to supply chain management aspects that are already covered by existing RMAP minerals due diligence standards. Facilities that undergo the RMI’s ESG Standard will be publicly recognized on the RMI’s website.
View the RMAP ESG Standard here on the RMI website.
About the Responsible Minerals Initiative
The Responsible Minerals Initiative (RMI) is an initiative of the Responsible Business Alliance (RBA). The RMI is a multi-industry initiative with more than 400 member companies. Its members contribute to the development and international uptake of a range of tools and resources focused on minerals supply chain due diligence, including independent third-party audit programs for smelters, Minerals Reporting Templates, supply chain risk assessment tools, Country of Origin data, and guidance documents on responsible sourcing of all minerals/metals. The RMI runs regular workshops on responsible sourcing issues and contributes to policy development with civil society organizations and governments. For more information, visit ResponsibleMineralsInitiative.org
Jarrett Bens, Senior Director of Communications
Responsible Business Alliance
Phone: +1 571.858.5721
The Responsible Business Alliance is the world’s largest industry coalition dedicated to corporate social responsibility in global supply chains.
About the RBA
The Responsible Business Alliance (RBA) is a nonprofit coalition of leading companies dedicated to improving social, environmental and ethical conditions in their global supply chains. The RBA has a Code of Conduct and a range of programs, training and assessment tools to support continual improvement. The RBA and its Responsible Minerals, Labor and Factory Initiatives have more than 380 members with combined annual revenues of greater than $7.7 trillion, directly employing over 21.5 million people, with products manufactured in more than 120 countries.
Vision & Mission
Vision: A global electronics industry that creates sustainable value for workers, the environment and business.
Mission: Members, suppliers and stakeholders collaborate to improve working and environmental conditions through leading standards and practices.
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