Climate Change

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This position statement sets out ICMM members’ approach to climate change.

Climate change is one of the critical global challenges of our time. ICMM company members are committed to being part of the solution, as previously outlined in our climate change statement released prior to the United Nations climate change conference in Paris (COP21), which committed member companies to take action to reduce emissions and support a low carbon future.

This updated position statement replaces the 2015 climate change statement and supplements the 2011 ICMM publication 'Principles for Climate Change Policy Design'. It does not apply retrospectively.

Relationship between the ICMM Mining Principles and Position Statements

All ICMM company members are expected to implement the ICMM Mining Principles as a condition of membership. Incorporating comprehensive environmental, social and governance requirements, robust site-level validation of performance expectations and credible assurance of corporate sustainability reports, ICMM’s Mining Principles seek to maximise benefits to host communities and minimise negative impacts to effectively manage societal challenges.

ICMM principles of relevance to climate change are:

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RISK MANAGEMENT

Implement effective risk-management strategies and systems based on sound science and which account for stakeholder perceptions of risks.

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ENVIRONMENTAL PERFORMANCE

Pursue continual improvement in environmental performance issues, such as water stewardship, energy use and climate change.

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RESPONSIBLE PRODUCTION

Facilitate and support the knowledge-base and systems for responsible design, use, re-use, recycling and disposal of products containing metals and minerals.

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STAKEHOLDER ENGAGEMENT

Proactively engage key stakeholders on sustainable development challenges and opportunities in an open and transparent manner. Effectively report and independently verify progress and performance.

Since 2003, Position Statements have been developed to clearly articulate member commitments on a number of critical industry challenges. Position Statements are endorsed by the ICMM Council and include specific commitments that members must implement, alongside the Performance Expectations.

Recognition statements

ICMM members recognise:

  1. The need for an urgent global response to the threat of climate change, across all areas of society and the economy.
  2. The need to support the goals of the Paris Agreement to limit the increase in the global average temperature to 2C and pursue efforts to limit the increase to 1.5C.
  3. The need to reduce emissions from the extraction and use of mining products and support collaborative market-based approaches to accelerate the use of low-emission technologies as part of a transition to a low carbon energy mix. At the same time, we also recognise the practical challenges that some less developed countries with domestic supplies of fossil fuels will face in making that transition.
  4. That climate and energy policy should be technology neutral and rely on market-based approaches to enable least cost abatement solutions.
  5. The vital role that a broad-based, predictable, long term carbon price can play, alongside other market mechanisms, to drive reduction of greenhouse gas emissions and incentivise innovation.
  6. The importance of providing climate-related disclosure in order for all stakeholders to measure and respond to climate change risks and opportunities, including the transparency around climate-related risks the Task Force on Climate-related Financial Disclosures (TCFD) has brought.
  7. The role of natural climate solutions and offsets in providing low cost options to address global greenhouse gas emissions.

Commitments

In addition to existing commitments under the ICMM Mining Principles, ICMM company members commit to being part of the solution:

Individually

Either collectively or individually

Collectively

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1. The Position Statement is not intended to displace or pre-empt any requirement of applicable national law, and where conflicting or duplicating, applicable law shall prevail.