ICMM welcomes Boliden
Boliden underwent a rigorous independent assessment to ensure that it adheres to ICMM’s Mining Principles. Based on the recommendation of the independent review panel, ICMM’s Council, represented by the CEOs of each company member, approved Boliden’s admission.
The Boliden Group is an industry leader in sustainable metal production. The company’s core competence is within the fields of exploration, mining, smelting and metals recycling with five mining units and five smelters across Sweden, Finland, Norway, and Ireland.
Their operations are dedicated to producing metals with a low carbon footprint, with a target of reducing their CO2 intensity by 40% by 2030 through decreasing their usage of fossil fuels and improving energy efficiencies.
Tom Butler, CEO of ICMM commented: “We are delighted to welcome Boliden to ICMM. We look forward to learning from their innovative and modern approach to sustainable metal production and their circular approach to resource management. They will bring new perspectives to ICMM, where partnership, innovation, knowledge sharing, and learning are integral to everything we do.”
Mikael Staffas, President and CEO of Boliden added: “Our vision is to become the most climate friendly and respected metal provider in the world and the membership in ICMM is an important step in that direction. Our performance within sustainable metal production is strong already today, but we will continue to seek improvements and contribute to the aim of ICMM.”
Mining with Principles
By becoming a member, Boliden commits to ICMM’s Mining Principles which define good practice Environmental, Social and Governance (ESG) requirements for the mining industry through a comprehensive set of 38 performance expectations. They apply at asset level and include third party assurance and validation. Applicable to all ICMM company members, they therefore apply to around 650 sites in 50 countries.
The International Council on Mining and Metals (ICMM) is an international organisation dedicated to a safe, fair and sustainable mining and metals industry. Bringing together 28 mining and metals companies and 36 national, regional and commodities associations, it strengthens environmental and social performance and serves as a catalyst for change, enhancing mining’s contribution to society. Every ICMM company member adheres to its Mining Principles which incorporat e comprehensive environmental, social and governance requirements, robust site-level validation of performance expectations and credible assurance of corporate sustainability reports.
De Beers passes Newmont to lead ESG ranking of global miners
The world’s biggest diamond producer may not be the first name that comes to mind in a ranking of top environmental, social and governance (ESG) performers. But that’s what the latest industry survey revealed.
De Beers scored the highest in London-based Alva’s quarterly rating of ESG perceptions this week gleaned from publicly available content from social media to NGO research. The unit of Anglo American Plc snagged the top spot in the first quarter from gold heavyweight Newmont due to an increased focus on equality and sustainability.
The report showed the mining industry as a whole lifted its ESG rating amid a string of greenhouse-gas pledges, which offset water management and waste concerns. Companies around the world, particularly raw-material producers, are stepping up sustainability efforts amid heightened scrutiny by the general public and investors. ESG and value-focused exchange-traded funds recorded net inflows of $89 billion in 2020, almost three times 2019 levels, according to Bloomberg Intelligence.
Sibanye Stillwater Ltd. scored the second-highest in Alva’s ratings report and showed the biggest improvement from the previous quarter due to its partnership with Johnson Matthey Plc to find more efficient uses of critical metals used in batteries.
Vale SA scored the lowest ESG rating despite reaching a settlement with Brazilian authorities over a 2019 dam disaster. Vale’s result “is a combination of greater visibility around the original negative story and then dissenting voices on the settlement itself,” said Alastair Pickering, co-founder and chief strategy officer at Alva.