The Impact Facility for Sustainable Mining Communities
Climate Impact & Sustainability Data (May 2021)
Reporting Period: May 2021
Environmental Metrics
ESG Focus Areas
- Legal Compliance
- Good Governance
- Financial Management
- Decent Work
- Social Responsibility
- Environmental Stewardship
Climate Goals & Targets
Environmental Challenges
- Many artisanal and small-scale miners operate illegally, due to deliberate actions, unawareness of legal obligations, or non-existent/complex regulations.
- Poor ESG performance presents operational, financial, and reputational risks.
Mitigation Strategies
- Active engagement with project counterparts to improve ESG performance and minimize risk.
- Development of a stepped criteria system ('Impact Escalator') to gradually improve ESG practices.
- Continuous improvement plans tailored to each enterprise.
- Regular self-assessments and bi-annual audits.
Supply Chain Management
Supplier Audits: Bi-annual audits
Responsible Procurement
- Due diligence on traders
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: OECD Due Diligence Guidance for Responsible Mineral Supply Chains, ARM’s Code of Risk-mitigation for ASM engaging in Formal Trade (CRAFT Code), Swiss Better Gold Association (SBGA) criteria, Fairtrade Standard for Gold, Fairmined Standard for Gold, World Bank’s OP / BP 4.12, Involuntary Resettlement Policies, ILO Guidance on Child Labour, High Conservation Value Areas (HCV Network)
Certifications: Fairtrade, Fairmined
Third-party Assurance: FLOCERT (random audits)
UN Sustainable Development Goals
- Goal 8: Decent Work and Economic Growth
- Goal 12: Responsible Consumption and Production
- Goal 13: Climate Action
- Goal 17: Partnerships for the Goals
Supporting sustainable mining communities and economies.