ICMM Sustainable Development Framework:Guide to elements and member commitments

Origins of SD Framework

Foundations of SD Framework is in the MMSD project

ICMM also undertook a review of standards, guidelines and

conventions developed as of 2002

In 2003 ICMM’s CEO-led Council committed corporate members

to:

– Implement a set of 10 Sustainable Development Principles

– Measure their performance against the Principles

In May ‘06 ICMM Council approved a Pilot Assurance Procedure

intended to lead to 3rd party assurance of:

– Implementation of the 10 ICMM Principles

– Reporting in accordance with the Global Reporting Initiative (GRI)

ICMM Council approved revised Assurance Procedure (May ’08)

ICMM’s Sustainable Development Framework

10 Principles for

Sustainable

Development which

corporate members are

required to implement

throughout their

businesses

A commitment to

publicly reporting

performance against

the 10 Principles in line

with the GRI G3

Sustainability

Reporting Guidelines

and Mining and Metals

Sector Supplement

Independent external

assurance of members

reported performance

against the ICMM

Principles and GRI

requirements

ICMM Sustainable Development Principles

ICMM Principles

for Sustainable Development

10 Principles for sustainable development which corporate

members are required to implement throughout their

businesses

ICMM Sustainable Development

Principles

1. Implement and maintain ethical business practices and sound

systems of corporate governance

2. Integrate sustainable development considerations within t e

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

ICMM Sustainable Development

Principles

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

stakeholders

Reporting

Reporting

A commitment to public reporting performance against the

10 Principles in line with the GRI G3 Sustainability Reporting

Guidelines and Mining and Metals Sector Supplement

Reporting

Sector supplement development in 2004-2005:

– 20 person multi-stakeholder working group with 50% industry and 50%

other key stakeholders (GRI-led)

– Key stakeholders: environmental and social development NGOs,

indigenous peoples representative, labor, World Bank and investors

– Diverse mix to enhance legitimacy, enrich understanding of the issues

and introduce fresh perspectives

In 2005 ICMM members committed to report ‘In Accordance with’ the Global Reporting Initiative (GRI) 2002 Sustainability Reporting Guidelines and the Pilot Mining and Metals Sector Supplement (MMSS)

In May 2008 ICMM members committed to report in line with the Global Reporting Initiative (GRI) G3 Sustainability Reporting Guidelines and the MMSS

– Pilot MMSS scheduled for review during 2008-2009 through a GRI-led process engaging a 16 person multi-stakeholder working group

Assurance

Independent Assurance

Independent external assurance of members reported

performance against the ICMM Principles and GRI

requirements

Independent Assurance

ICMM Assurance Procedure requires

members to:

– Include in a public report, statements on how

the company complies with the ICMM SD

Principles and Reporting commitments

– Seek confirmation that SD reports meets Level

A+ of the G3 Guidelines

– Having SD reports assured by a third party

consistent with this procedure

Intended to give stakeholders assurance

over public statements describing how

the SD Framework is being consistently

implemented by all member companies

Reported Subject Matter for assurance

Subject Matter 1: Alignment of company’s sustainability policies to

ICMM’s 10 Principles and Position Statements

Subject Matter 2: Company’s material SD risks and opportunities based

on its own review of the business and stakeholder views/expectations

Subject Matter 3*: Existence and status of implementation of systems or

approaches to manage identified material SD risks and opportunities

Subject Matter 4*: Reported performance during reporting period for

each (or a selection) of the identified material SD risks and opportunities

Subject Matter 5: Company’s self-declared application level of the GRI

G3 Sustainability Reporting Guidelines (G3 Guidelines)

* For Subject Matters 3 and 4, member companies have the option of choosing a selection of

material SD risks and opportunities for assurance in discussion with the assurance provider.

Structure of the Assurance Procedure

Parties to assurance – company,

assurance provider & intended users

Supporting the SD Framework

ICMM work program

– Community & Socio-economic development

– Environmental stewardship

– Health & safety

– Materials stewardship

– Resource Endowment

All ICMM projects support implementation of the 10 Principles

– Tools and publications

– Conferences

– Workshops

– Good Practice website -www.goodpracticemining.org

SD Framework

Supporting the FrameworkICMM work programs & projects

Sharing Good Practice

Partnerships

www.icmm.comICMM

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