Logitech Marks Milestone in Conflict-Free Minerals Commitment financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.
Image courtesy of Teck Resources.)
US-based Responsible Minerals Initiative (RMI), multi-industry initiative focused on delivering guidelines and rules for better traceability and responsibility along the mineral supply chains, has launched an Environmental, Social & Governance (ESG) Standard to further improve conditions for workers, the environment and communities.
As economies start to re-emerge from covid-crisis mode, mining companies are feeling increased pressure from shareholders and institutional investors to give ESG factors the centre stage.
Sign Up for the Precious Metals Digest
Sign Up
The Responsible Minerals Assurance Process (RMAP) ESG standard seeks to help miners navigate expectations by providing a set of criteria applicable to mineral processors, smelters and refiners, including those integrated with mine sites.
[author: Vera Cherepanova, Studio Etica]
As economies start to reemerge from COVID crisis mode, environmental, social, and corporate governance (ESG) factors are rising in importance. A global survey conducted by NAVEX Global shows that 67 percent of respondents in the US said their companies would increase focus on ESG factors in 2021.
The current US administration has given significant attention to the ESG-related issues so far. In light of this, the SEC is likely to renew its focus on climate change, its conflict minerals rule, and responsible sourcing in the coming months. Along with the recent implementation of the EU Conflict Minerals Regulation, the signs are that businesses should stay tuned for further developments.