Page 3

Table of Contents I. Introduction................................................................................................................................... 1 Rationale................................................................................................................................................................ 1 Scope...................................................................................................................................................................... 1 Analytical Approach ............................................................................................................................................... 1 Methodology.......................................................................................................................................................... 2 Benchmark of standards ............................................................................................................................................ 2 Stakeholder Consultation........................................................................................................................................... 3 Surveys................................................................................................................................................................... 4 Interviews .............................................................................................................................................................. 4 Initiatives.................................................................................................................................................................... 5 Literature Review ....................................................................................................................................................... 5 Language ............................................................................................................................................................... 5 Report Outline........................................................................................................................................................ 6 A Note to the Reader.............................................................................................................................................. 7

II. The Benchmark ............................................................................................................................. 8 The Benchmark....................................................................................................................................................... 9 Best in Category ....................................................................................................................................................12 Best in Class...........................................................................................................................................................12

III. Summary Overview of the Standards .......................................................................................... 15 Equator Principles – EPs.........................................................................................................................................15 Extractive Industries Transparency Initiative - EITI ................................................................................................16 Global Reporting Initiative Mining and Metals Sector Supplement – GRI MMSS ...................................................17 International Council on Mining and Metals Sustainable Development Framework – ICMM SDF..........................17 International Cyanide Management Code - ICMC..................................................................................................19 International Finance Corporation Performance Standards (IFC PS) ......................................................................21 Organisation for Economic Co-operation and Development Guidelines for Multi-National Enterprises - OECD Guidelines .............................................................................................................................................................22 Responsible Jewellery Council - RJC .......................................................................................................................23 Key Features of the Standards ...............................................................................................................................24

IV. Analysis: The Initiatives in Theory and Practice ........................................................................... 29 Equator Principles – EPs ........................................................................................................................................... 29 Key Issues............................................................................................................................................................. 29 Strengths.............................................................................................................................................................. 30 Weaknesses ......................................................................................................................................................... 31 Gaps..................................................................................................................................................................... 32 Loopholes............................................................................................................................................................. 33 Use by Industrial Gold Mines ............................................................................................................................... 35 Extractive Industries Transparency Initiative - EITI .................................................................................................. 35 Key Issues............................................................................................................................................................. 35 Strengths.............................................................................................................................................................. 37 Weaknesses ......................................................................................................................................................... 37 Gaps..................................................................................................................................................................... 38 Loopholes............................................................................................................................................................. 39 Use by Industrial Gold Mines ............................................................................................................................... 39 Global Reporting Initiative Mining and Metals Sector Supplement – GRI MMSS .................................................... 40 Key Issues............................................................................................................................................................. 40 Strengths.............................................................................................................................................................. 41 Weaknesses ......................................................................................................................................................... 41 Gaps..................................................................................................................................................................... 42 Loopholes............................................................................................................................................................. 43 Use by Industrial Gold Mines ............................................................................................................................... 43 Benchmark of Environmental and Social Standards in Industrialised Precious Metals Mining iii

Revised 2011-12 - Benchmark Study of Environmental and Social Standards Gold Mining  

Solidaridad releases report comparing leading standards used by industrial precious metals mines to measure social and environmental preform...

Revised 2011-12 - Benchmark Study of Environmental and Social Standards Gold Mining  

Solidaridad releases report comparing leading standards used by industrial precious metals mines to measure social and environmental preform...

Advertisement