10 – Stakeholder Engagement
ICMM company members commit to proactively engage key stakeholders on sustainable development challenges and opportunities in an open and transparent manner, effectively report and independently verify progress and performance.
To promote sustainable benefits from mining and metals, it is imperative that the industry engages and cooperates with key stakeholders in an open, honest and transparent manner. ICMM members report annually on their sustainable development performance. They use leading reporting standards to promote open and accountable engagement with stakeholders on their sustainability performance.
Developed with extensive input from non-governmental organisations (NGOs), international organisations and academics, our Mining Principles establish baseline performance expectations for a responsible mining and metals industry. ICMM's Mining Principles include four Performance Expectations under Principle 10: Stakeholder Engagement.
10.1 – Engage Corporate Stakeholders Transparently
Identify and engage with key corporate-level external stakeholders on sustainable development issues in an open and transparent manner.
10.2 – Support EITI
Publicly support the implementation of the Extractive Industries Transparency Initiative (EITI) and compile information on all material payments, at the appropriate levels of government, by country and by project.
10.3 – Report Annually to GRI
Report annually on economic, social and environmental performance at the corporate level using the GRI Sustainability Reporting Standards.
10.4 – Conduct Assurance and Validation
Each year, conduct independent assurance of sustainability performance following the ICMM guidance on assuring and verifying membership requirements.
Supporting Global Goals
As momentum behind the UN Sustainable Development Goals (SDGs) continues to grow, there is mounting pressure on the private sector to support the delivery of a wide variety of development objectives. ICMM’s Mining Principles can support the mining and metals industry in addressing climate change, ending poverty and tackling rising inequalities.
Each SDG connects with or can be directly influenced by ICMM’s Mining Principles. Unlike many other sectors, there is no primary point of connection between mining and a single SDG. Instead, operations have the extraordinary potential to contribute to several goals at once. The contribution mining products to almost every aspect of life is arguably becoming more important than ever – with metals and minerals enabling the innovations needed to deliver pathways to a greener, safer and more sustainable future.