Rio Tinto site in Utah the first to be awarded Copper Mark
During assessment, Kennecott met over 30 criteria for responsible environmental, governance and social practices.
The Copper Mark is the only such responsible production programme in the copper industry. It was devised by the International Copper Association, with input from a range of industry stakeholders, but is now an independent entity.
The Copper Mark’s Executive Director, Michèle Brülhart, commented on the award: “We congratulate Rio Tinto’s Kennecott site and the leadership they are taking to mine responsibly. We welcome them as our first awarded site.”
The President of the International Copper Association, Tony Lea, added: “The Copper Mark is an important milestone for the global copper industry and reflects stakeholders’ needs for greater transparency. We hope more producers will follow Rio Tinto’s lead and apply for the Copper Mark.”
Rio Tinto’s Chief Executive for Copper and Diamonds, Arnaud Soirat, commented: “We are proud to lead the copper industry in being awarded the Copper Mark, demonstrating our commitment to responsible production and transparency.
“The Copper Mark allows our customers to purchase copper from operations that have been independently assessed as meeting the highest environmental, social and governance standards, responding to the growing expectations of consumers around the world for sustainable supply chains.
“We look forward to continuing our work with the Copper Mark and seeing this new programme embraced widely along the value chain, to support the role copper continues to play as a key material in a sustainable future.”
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.