Standards
ICMM's 10 Principles
In May 2003, ICMM’s CEO-led Council committed corporate members to implement and measure their performance against 10 principles.
The principles are based upon the issues identified in the Mining, Minerals and Sustainable Development (MMSD) project - a two-year consultation process with stakeholders to identify the issues relating to sustainable development in the mining and minerals sector. These issues align almost completely with those identified in the Extractive Industries Review chaired by Dr Emil Salim.
In addition, ICMM undertook a “gap analysis” comparing current standards with relevant conventions and guidelines, for example, the Rio Declaration, the Global Reporting Initiative, the Global Compact, OECD Guidelines on Multinational Enterprises, World Bank Operational Guidelines, OECD Convention on Combating Bribery, ILO Conventions 98, 169, 176, and the Voluntary Principles on Security and Human Rights.
Since 2003, ICMM's Council has adopted a number of position statements that give greater clarity to some of the commitments of the 10 Principles.
RELATED ICMM PRINCIPLES
Principle 01:
Implement and maintain ethical business practices and sound systems of corporate governance.
Principle 02:
Integrate sustainable development considerations within the corporate decision-making process.
Principle 03:
Uphold fundamental human rights and respect cultures, customs and values in dealings with employees and others who are affected by our activities.
Principle 04:
Implement risk management strategies based on valid data and sound science.
Principle 05:
Seek continual improvement of our health and safety performance.
Principle 06:
Seek continual improvement of our environmental performance.
Principle 07:
Contribute to conservation of biodiversity and integrated approaches to land use planning.
Principle 08:
Facilitate and encourage responsible product design, use, re-use, recycling and disposal of our products.
Principle 09:
Contribute to the social, economic and institutional development of the communities in which we operate.
Principle 10:
Implement effective and transparent engagement, communication and independently verified reporting arrangements with our stakeholders.