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Article

3 Jul 2018

Author:
Responsible Mining Foundation

Responsible Mining Index 2018 - An evidence-based assessment of mining company policies and practices on economic, environmental, social and governance issues

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The Responsible Mining Index (RMI) supports the principle that minerals and metals mining should benefit the economies, improve the lives of people and respect the environments of producing countries...the goal of RMI is to encourage continuous improvement in responsible mining across the industry by transparently assessing the policies and practices of large, geographically dispersed mining companies on a range of economic, environmental, social and governance (EESG) issues, with the emphasis on leading practice and learning...This first Index, RMI 2018, covers 30 companies from 16 home countries, including publiclylisted, state-owned and private companies. These companies operate more than 700 sites in over 40 producing countries, and the assessment covers most mined commodities, excluding oil and gas. The Index focuses largely on company-wide behaviour, while also looking at site-level actions at 127 mine sites, in order to provide a snapshot of information disaggregated to the level of individual mining operations...the Index measures the extent to which companies can demonstrate, rather than simply claim, that they have established responsible policies and practices. Over recent decades, many large-scale mining companies have shown significant improvements in how they manage EESG issues, as evidenced by the introduction of innovative practices and the engagement with partners and multi-stakeholder initiatives on responsible mining. Yet the RMI results indicate that it is still hard to find evidence of systematic, effective action at any one company on the range of topics that society can reasonably expect companies to address. Although the individual company results indicate that much more can be achieved, the positive message is that it can be done. The RMI 2018 results show that if one company were to attain all the highest scores achieved for every indicator, it would reach over 70% of the maximum achievable score. This implies that existing best practice, if systematically applied by all companies, could already go some way to meeting society expectations. Many companies have demonstrated that they are establishing responsible policies and practices on particular issues. The fact that 19 of the 30 assessed companies show up at least once among the stronger performers in RMI’s different thematic areas, also indicates that performance does not necessarily depend on company size, commodity focus, or geographic location.