DRIVERS FOR
EXPANSION
The Why
Responding to due diligence reporting requests for non-legislated minerals aligned and complementary expectations for practitioners and assessments that allow for mutual recognition of approaches.
Standardization & Key Stakeholders
Standardization of processes:
OECD standards were developed with stakeholders, including business, civil society and worker representatives, and backed by governments - are global best practice for identifying and addressing risks.
Organisation for Economic Co-operation and Development (OECD)
The OECD and its member countries work with other countries, organizations, and stakeholders worldwide to address the pressing policy challenges. They provide a unique forum and knowledge hub for data and analysis, exchange of experiences, best-practice sharing, and advice on public policies and international standard-setting.
Electronic Industry Citizenship Coalition (EICC) and Global Sustainability Initiative(GeSI)
In 2013, the EICC and GeSI launched the Conflict Free Sourcing Initiative (CFSI), which developed the first conflict free smelter assessment. This assessment eventually became the Conflict Minerals Reporting Template (CMRT).
Responsible Minerals Initiative (RMI)
RMI was founded in 2008 by members of Responsible Business Alliance (RBA) and Global Sustainability Initiative (GeSI). Today, they bring together representatives from industry, government, and civil society for discussions and guidance on best practices in responsible mineral sourcing.
External Factors
Various ESG factors including circular economy, growth of shareholder/investor/consumer expectations, human rights concerns and legislation are leading to increased reporting.