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ASI Performance Standard recognised by International Council for Mining and Metals (ICMM) in new Equivalency Benchmark

The International Council on Mining and Metals (ICMM) is an international organisation dedicated to a safe, fair and sustainable mining and metals industry. ICMM brings together 27 mining and metals company members and over 35 national, regional and commodities association members.

ICMM’s Mining Principles and ICMM Performance Expectations (PEs) define good practice environmental, social and governance requirements for the industry through a comprehensive set of PEs. Implementation is supported by site-level validation, transparent disclosure of the outcomes and credible assurance of corporate sustainability reports. ICMM’s Mining Principles and ICMM PEs are a condition of membership for ICMM’s company members and apply to more than 650 assets (mine sites) in over 50 countries.

ASI aims to harmonise with relevant external Standards and Schemes wherever possible and appropriate, in order to enhance collaboration, reduce unnecessary duplication, and inform ASI’s learning and continual improvement. The ASI Standards Benchmarking and Harmonisation Procedure describes the identification, benchmarking and review of external Standards and Schemes for potential harmonisation with, including recognition by and of, ASI Standards.

ASI and ICMM conducted a comprehensive Equivalency Benchmark between October 2019 and August 2020 to see how the requirements of the ASI Performance Standard are equivalent to, or differ from ICMM’s Mining Principles and associated PEs. The two standards have been compared, both in terms of ‘stringency’ and ‘prescriptiveness’, and a final Equivalency Benchmark was mutually accepted between ICMM and ASI in August 2020. An updated Equivalency Benchmark is to be completed in 2022 that will take into account all relevant changes in the revised ASI Performance Standard.

Marieke van der Mijn, Director of Impacts and Partnerships, Aluminium Stewardship Initiative, said: “ASI welcomes ICMM’s recognition of the ASI Performance Standard. Harmonization with relevant external Standards and Schemes is an important part of ASI’s collaboration activities in order to reduce unnecessary duplication and inform our learning and continual improvement. We look forward to continuing working with ICMM on equivalency as our standards evolve over time.”

The benchmark has been delivered through an iterative engagement process between ASI and ICMM with external consultant support from The Dragonfly Initiative (TDI). ICMM has announced that several other standards have been benchmarked against the ICMM Mining Principles, including: World Gold Council Responsible Gold Mining Principles, RMI Risk Readiness Assessment (RRA) / Copper Mark and the Mining Association of Canada – Towards Sustainable Mining (TSM).

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