Our industry involvement includes the support of three key initiatives:
Mining Association of Canada
We’re an active member of the Mining Association of Canada (MAC), a national industry organization that seeks to promote the growth and development of Canada's mining and mineral-processing industry, for the benefit of all Canadians.
The association promotes the interests of the industry nationally and internationally, working with governments on policies affecting minerals and with provincial and other industry groups in Canada and other countries.
Towards Sustainable Mining
Towards Sustainable Mining (TSM) is an initiative of MAC and its member companies to improve the reputation of the Canadian mining industry through improved operational performance, particularly in the social and environmental aspects of our business.
Inmet plays a leadership role in the TSM initiative by:
- measuring and reporting results for our domestic and international operations and our closed properties
- promoting TSM with our peers and the investment community.
We’ve been using TSM to measure performance at our operations for five years. Four new performance areas are under development (Safety and Health, Mining and Aboriginal peoples, Biodiversity Conservation and Mine Closure). Once approved, we will use them to assess our performance in those areas too.
MAC requires member companies to have a third party verify their self-assessments every three years. Our results were last verified in 2008.
You can learn more about TSM performance in our 2009 Sustainability Report (page 48) and in the Mining Assocation of Canada's 2009 Annual Report (page 20).
Global Reporting Initiative
The Global Reporting Initiative (GRI) is an independent organization that seeks to make reporting on economic, environmental and social performance as routine and comparable as financial reporting. GRI, through a network of staff and volunteer-based working groups of experts from around the world, has developed the GRI reporting framework.
We use the GRI reporting framework as the basis for reporting most of our quantitative data on sustainability and for measuring our performance.
Inmet Mining Corporation self-declares that its 2009 sustainability report fulfills the requirements for a level B+ in accordance with the criteria set by the Global Reporting Initiative under the G3 framework. The Technical Protocols, Indicator Protocols and the Mining Sector Supplement (G2) guided the development of this report. Although the 2009 sustainability report has been externally verified, GRI has not verified the contents of this report, nor does it take a position on the reliability of information reported in our annual sustainability report.
Devonshire Initiative
Inmet is a charter member and Working Group member of the Devonshire Initiative (DI). The Devonshire Initiative was launched by the Munk Centre for International Studies at the University of Toronto in March 2007. It grew out of the multistakeholder national Corporate Social Responsibility Roundtables convened by the Canadian government to address corporate social responsibility by the Canadian extractive industry in developing countries.
An ongoing dialogue between industry members and nongovernmental organizations to reach an understanding and move towards productive solutions for issues of mutual concern in developing countries.
Fund for Peace (Human Rights and Business Roundtable)
Fund for Peace is an independent, nonpartisan research and educational organization that works to prevent war and alleviate the conditions that cause conflict. The roundtable is a forum for multinational businesses and mainstream human rights organizations to discuss issues of common concern in an atmosphere of mutual respect, trust and confidentiality.
Global Compact
The United Nations Global Compact is a strategic policy initiative designed to bring the needs and goals of business in line with the needs and goals of people in the developing world.
Member businesses are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, the environment and anti-corruption, and are required to report on their progress each year, starting in their second year of membership. Inmet became a member in October 2008.
Based on our review and our evolving corporate responsibility programs at Cobre Panama and our other operations, we have revised our Code of business conduct and ethics, and we are developing and implementing a human rights policy and a UN Global Compact training package.
We’ll be publishing our first Global Compact Communication on Progress in September 2010.