The Responsible Minerals Initiative (RMI) and The Copper Mark have launched version 3.0 of the RMI’s Risk Readiness Assessment (RRA) and the RMI’s and Copper Mark’s joint Criteria Guide.
The RRA is a set of mineral-agnostic criteria for responsible production, sourcing, processing and recycling of minerals and metals. Version 3.0 consists of 33 criteria covering environmental, social, and governance (ESG) risks. It will be effective starting January 1, 2024, for companies interested in completing the updated RRA self-assessment offline, and available through the Responsible Business Alliance Online tool from April 1, 2024.
The RRA Criteria Guide is also used by The Copper Mark to define the requirements its participants have to meet to receive the Copper Mark, Nickel Mark, Zinc Mark or Molybdenum Mark. Starting Jan. 1, The Copper Mark will require all its new participants to be assessed against the requirements of the RRA Criteria Guide, version 3.0.
“Continuous improvement is one of The Copper Mark’s key principles and version 3.0 of the Risk Readiness Assessment represents this principle by raising the bar on what it means to be a responsible producer,” said Michèle Brülhart, Executive Director of The Copper Mark.
“Based on a rigorous two-year revision process including extensive stakeholder consultation, we are excited to launch these updated requirements and work with our participants to implement these onsite.”
The RRA Criteria and Criteria Guide are publicly available to all interested stakeholders and can be found on the RMI website or The Copper Mark website.
Source: The Copper Mark