Markets working to support sustainable development

International Council on Mining and Metals (ICMM) Sustainable Development Framework

All ICMM members are required to implement the Sustainable Development Framework. This includes integrating a set of 10 principles and six supporting position statements into corporate policy, as well as setting up transparent and accountable reporting practices.

Principles

  1. Implement and maintain ethical business practices and sound systems of corporate governance.
  2. Integrate sustainable development considerations within the corporate decision-making process.
  3. Uphold fundamental human rights and respect cultures, customs and values in dealings with employees and others who are affected by our activities.
  4. Implement risk management strategies based on valid data and sound science.
  5. Seek continual improvement of our health and safety performance.
  6. Seek continual improvement of our environmental performance.
  7. Contribute to conservation of biodiversity and integrated approaches to land use planning.
  8. Facilitate and encourage responsible product design, use, re-use, recycling and disposal of our products.
  9. Contribute to the social, economic and institutional development of the communities in which we operate.
  10. Implement effective and transparent engagement, communication and independently verified reporting arrangements with our stakeholders.

Position statements

To give greater clarity to the 10 prinicples, ICMM have adopted six position statements. Each one is concerned with a different area - these are: climate change policy, mining and partnerships for development, transparency in mining revenues, mecury risk management, indigenous people and mining, and mining and protected areas. 

Transparency and accountable reporting

Member companies must report annually on their activity. The reports are required to be in line with the Global Reporting Initiative Standards and must include external assurance - they must be audited and verified by an independent third party. ICMM also conduct an annual assessment of member performance, which is measures performance against the five elements sustainability performance addressed in ICMM's assurance procedure. The data from this is then used to produce a performance table and is included in ICMM's Annual Review. 

Market coverage: 
  • All of the ICMM company members have committed to these principles. Since 2009 the ICMM has reported and ranked companies reporting on their impacts - 18 member companies obtained a G3 A+ application level and 19 sought external assurance.
  • ICMM has projects from around the world, including; North, South and Central America, Asia, Africa, Europe, Australasia, and the Middle East.
  • According to the data from 2013, five of the largest 10 companies are ICMM members. ICMM members operate at 950 sites in 59 countries and are responsible for a significant proportion of global minerals production – for example: copper, 46%; platinum groupmetals, 41%; iron ore, 41%; gold, 30%; nickel, 32%; and zinc, 19%.  
 
Background information: 

The ICMM was established in 2001 and brings together 21 mining and metal companies, along with 33 national and regional mining associations. It is based in London, UK.

The main governing body of the ICMM is its council. This is made up of the CEOs of all member companies, two elected representatives from the associations and the ICMM president. The council meets twice yearly to decide strategic directions and policy. 

Funding source: 

ICMM recive funding from company member fees (97%) and association member fees (1%;). The rest is broad forward from the year before.

In 2013, the income was £6.73m. In 2014, the projected income is £6.33m.

 

Notable information: 

ICMM has links to Extractive Industries Transparency Initiative (EITI), Global Reporting Initiative, the Integovernmental Forum, the UN Conference on Trade and Development, the World Bank Group, IUCN and the Committee for Mineral Reserves International Reporting Standards.