RMI and the Copper Mark Publish Criteria for Responsible Minerals and Metals
On 19th October 2023, The Responsible Minerals Initiative (RMI) and The Copper Mark announced the launch of the RMI’s Risk Readiness Assessment (RRA) and the RMI’s and Copper Mark’s joint Criteria Guide, version 3.0.
The RRA is a set of mineral-agnostic criteria for responsible production, sourcing, processing and recycling of minerals and metals. Version 3.0 of the RRA consists of 33 criteria covering environmental, social, and governance (ESG) risks, and it defines due diligence requirements and responsible production, sourcing, processing and recycling practices for minerals and metals against which users can assess their performance.
With the revision, the RMI and The Copper Mark aim to define industry-specific ESG practices grounded in the UN Guiding Principles on Business and Human Rights (UNGP) and in the OECD 6-step due diligence framework, as well as aligning with the most recent developments in regulations and industry best practices. They require companies to identify, assess, prevent and mitigate risks and adverse impacts associated with company operations and supply chains. By building on those international frameworks, the RRA supports regulatory preparedness in many jurisdictions.