Climate Change Data

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.