15 of 18 ICMM Company Members Produced A+ GRI Reports

ICMM's Annual Review notes high rates of A+ level sustainability reporting among company members, adoption of AA1000 stakeholder engagement standard, and identifies emerging issues in metals and mining sector.

The International Council on Mining and Metals (ICMM), an industry club, was established in 2001. It was designed to act as a catalyst for performance improvement in the mining and metals industry. Today, ICMM members comprise 18 major mining and metals companies and 30 national and regional mining associations and global commodity associations.

ICMM’s goal is to address the core sustainable development challenges faced by the industry. ICMM's member companies comprise African Rainbow Minerals, Anglo American, AngloGold Ashanti, Barrick, BHP Billiton, Freeport-McMoRan Copper & Gold, Goldcorp, Gold Fields, Minerals and Metals Group, Lonmin, Mitsubishi Materials, Newmont, JX Nippon Mining & Metals, Rio Tinto, Sumitomo Metal Mining, Teck, Vale, Xstrata.

The three issues which captured my attention in ICMM’s 2010 Annual Review were these:

First, 15 of ICMM’s 18 member companies obtained an ‘A+’ GRI Application Level for their sustainability reporting. This is impressive – and a consequence of ICMM’s formal adoption of GRI-based sustainability reporting to the highest disclosure level (A) combined with a commitment to external Third Party Assurance on behalf of its member companies (about which I blogged also here: A Little Secret – Sustainability Leadership at the Business Roundtable). 

Second, ICMM is pursuing a more formalized relationships strategy using the AA1000 Stakeholder Engagement Standard. This should not come as a big surprise given the common approach of formalized stakeholder mapping and engagement routinely conducted by ICMM’s company members when pursuing new projects, conducting environmental and social impact assessments, and satisfying Equator Principles and IFC Performance Standards required by most project finance banks (see also my related blogs: Remaining Obstacles to Revisions of IFC Performance Standards and Equator Principles – Only Greenwashing?).

Third, ICMM identified 15 emerging (?) issues relevant to the metals and mining sector. These include water, climate change, community consent and material supply chains.

ICMM continues to set an example as a leading industry club which is not limiting its activities to the least common denominator that appears to hamper other industry clubs. You can download ICMM’s report here.

About the author: Mehrdad Nazari (MBA, MSc, LEAD Fellow) is a Corporate Responsibility, Sustainability Reporting & ESIA Advisor, and Director of Prizma. He was previously an environmental consultant with Dames & Moore, Principal Environmental Specialist at the EBRD and CSR Research Director at CoreRatings. Mehrdad is also a GRI-approved trainer on GRI's sustainability reporting framework and a licensed AA1000 Assurance Provider.