Responsible Mining Index

An important challenge with mining is to translate its potential to benefit host countries (their economy, people and environment). A means to ensure responsible behaviours by extractive companies is to recognise leading companies for their contribution and, in doing so, to stimulate lagging companies to do better, by making best practices public and ranking companies accordingly. An important tool to do that is an Index on responsible mining. A feasibility showed that such an Index is feasbile, would be relevant, effective and would add value.

The overall goal of the Responsible Mining Index (RMI) is to encourage continuous improvement in responsible mining by transparently measuring and ranking the performance of mining companies on economic, environmental, social and governance (EESG) issues and highlighting leading practice. Measuring and ranking companies will:

1. positively motivate mining companies to do better.

2. provide useful comparative information.

3. and provide evidence of improved company practice.

Mining companies are recognised for leadership and leading practice in EESG performance.

Mining companies have access to comparative data on leading EESG practice, enabling shared learning.

Mining companies experience a raised profile and awareness of EESG.

Governments, investors and other stakeholders have access to EESG company data with potential to articulate expectations and use in negotiations and decision-making.

Clear articulation of what society expects from mining companies.

Independent, multi-issue ranking data influences mining sector discourse.

Contribution to the international body of knowledge on EESG issues in the mining sector.

Principaux résultats attendus:  

The Responsible Mining Index (RMI) is published as a bi-annual edition, ranking companies on leading practice. Website with entire ranking analysis, freely available in English.

Investor Statements and endorsement statements by governments and other stakeholders with influence.

Reference to RMI in media and sectoral discourse.

An organization with a Supervisory Board, Advisory Council, Expert Review Committee and staffed to execute the listed activities, with funding committed for the next two years at any one time by three donors or more.

Principaux résultats antérieurs:  

There is no previous phase. A feasibility study demonstrated the feasibility, relevance, effectiveness of publishing an Index on Responsible Mining (see Context).

Phase 1 01.10.2015 - 31.12.2019   (Active)