ICMM Mining Principles (2024 Update)

Principle 5 Pursue continual improvement in health and safety performance with the ultimate goal of zero harm. PEs 5.1-5.6: implement OHS management system aligned with ISO 45001 + national OHS legislation + ICMM Critical Control Management (CCM) framework focused on prevention of fatalities + serious incidents from major hazards (geotechnical failure + uncontrolled energy release + fire + explosion + vehicle interaction + working at heights + confined space + electricity + chemical exposure + ground control). CCM 5-step approach: identify major unwanted events; identify critical controls; performance specifications + verification; ongoing monitoring + reporting; periodic review + improvement. Fatality Prevention: ICMM Fatality Prevention Tools + Fatality Cause Analysis + Bow-Tie Risk + Learning from Fatalities sharing; integrated with ICMM Safety Data + Transparent Safety Data Reporting

• OHS management system + ISO 45001 certification + national OHS compliance + audit
• ICMM CCM implementation per major hazard + 5-step + critical controls + verification + monitoring
• Fatality prevention tools + cause analysis + Bow-Tie + TRIFR + LTIFR + FFR + benchmarking
• Occupational health surveillance + biological monitoring + medical examinations + sectoral disease prevention
• DEI policy + gender equity + women in mining + grievance + non-discrimination + ILO Conventions

• OHS management system clause-based without critical control focus
• CCM identified but not verified or monitored
• Fatality prevention reactive (incident review only, no proactive)
• Occupational health only at medical exam (no risk assessment or surveillance)
• DEI policy without measurable progress on gender + indigenous + visible minority

Principle 8 Facilitate and support the knowledge-base and systems for responsible design + use + re-use + recycling and disposal of products containing metals and minerals. PEs 8.1-8.4: materials stewardship covering product lifecycle (design + production + use + end-of-life); product safety + chemical management (REACH + GHS + national chemicals legislation); responsible sourcing of materials + conflict minerals (3TG + cobalt + nickel + lithium + rare earths + OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas) + EU Conflict Minerals Regulation + US Dodd-Frank Section 1502 + LBMA + RJC + RMI Responsible Minerals Initiative; circular economy + re-use + recycling + by-product valorisation + tailings recovery; supply chain transparency + Battery Passport + EU Battery Regulation; product environmental footprint + LCA Life Cycle A

• Materials stewardship policy + product lifecycle assessment + LCA + Battery Passport for batteries
• Conflict minerals OECD Due Diligence + 3TG + cobalt + EU/US regulatory compliance + RMI
• Circular economy projects + tailings recovery + by-product valorisation + recycled content
• Mercury Minamata Convention compliance + ASGM engagement + mercury-free processing
• Critical minerals supply chain + ICSV + responsible sourcing for energy transition (Li + Ni + Co + REE)

• Materials stewardship limited to product safety (no full lifecycle)
• Conflict minerals only tier-1 (no upstream tier 2/3 visibility)
• Circular economy aspirational without operational projects
• Mercury Convention compliance gaps in ASGM partnerships
• Critical minerals without responsible sourcing pre-conditions

Principle 1 Ethical Business: apply ethical business practices and sound systems of corporate governance and transparency to support sustainable development. Performance Expectations (PEs) 1.1-1.4: implement and maintain ethical business practices including: anti-corruption (compliance with UN Convention Against Corruption + OECD Convention + national anti-bribery laws + FCPA + UK Bribery Act); revenue transparency (EITI Extractive Industries Transparency Initiative); responsible political engagement and lobbying disclosure; ethical decision-making policy; whistleblowing mechanism + protection; due diligence on agents + joint venture partners + suppliers; conflict of interest management. Principle 2 Decision Making: integrate sustainable development considerations within the corporate decision-making process. PEs 2.1-2.4: integrate sustainable development into corporate strategy + busine

• Code of ethics + anti-corruption policy + ISO 37001 alignment + FCPA/UKBA compliance evidence
• EITI participation + revenue disclosure + responsible political engagement register
• Sustainability strategy + business plan integration + project lifecycle decision-making
• Board ESG committee + charter + meeting minutes + KPI oversight
• Senior management remuneration linked to sustainability KPIs + science-based targets (SBTi + TNFD)

• Code of ethics generic without training or enforcement
• EITI participation not extended to all jurisdictions
• Sustainability strategy siloed from business strategy
• Board ESG oversight nominal (no decision authority)
• Remuneration KPIs financial-only (no sustainability)

Principle 3 Human Rights: respect human rights and the interests + cultures + customs + values of employees and communities affected by our activities. PEs 3.1-3.6 aligned with UN Guiding Principles on Business and Human Rights (UNGPs) Pillars 2 + 3: respect human rights policy + governance commitment + senior accountability; human rights due diligence (HRDD) covering identification + assessment + integration + tracking + communicating + remediation; specific risk areas (security personnel + Voluntary Principles on Security and Human Rights + resettlement + indigenous peoples + Free Prior and Informed Consent FPIC per UN Declaration on the Rights of Indigenous Peoples UNDRIP + child labour + forced labour + modern slavery + freedom of association + gender equity + women in mining); operational-level grievance mechanism (OLGM) effectiveness criteria + UNGP Principle 31 + access to remedy.

• Human rights policy + UNGP commitment + senior accountability + training
• HRDD assessment + identification + integration + tracking + communicating + remediation per site
• Operational-level grievance mechanism + UNGP Principle 31 + access to remedy + cases
• Risk management framework per ISO 31000 + risk register + treatment + monitoring per site
• Critical risk management + catastrophic event scenarios (tailings + collapse + spill) + tabletop

• Human rights policy without HRDD operationalisation
• OLGM not effective (UNGP Principle 31 criteria not met)
• Risk management without critical risk identification + catastrophic event scenarios
• FPIC not applied to indigenous-affected projects (UNDRIP gap)
• Modern slavery due diligence missing for tier 2/3 suppliers

Principle 6 Pursue continual improvement in environmental performance issues, such as water stewardship + energy use + climate change. PEs 6.1-6.7: environmental management system aligned with ISO 14001 + national environmental legislation; impact assessment + management + monitoring + reporting + closure planning. Climate Change (PS-Climate + 2024 Climate Change Policy): net-zero by 2050 commitment + Science-Based Targets (SBTi) + Scope 1 + 2 + 3 emissions + decarbonisation roadmap; TCFD aligned disclosure + 2024 transition plan; Scope 1 + 2 absolute reduction + Scope 3 supplier engagement + product use (downstream + smelting + steel); just transition. Water Stewardship (PS-Water): water management + watershed approach + alignment with UN Water Action Decade; water risk assessment + WRI Aqueduct + WBCSD water tools; water disclosure CDP Water + GRI 303; water-related grievance with comm

• EMS + ISO 14001 + national environmental compliance + impact assessment + monitoring + closure
• Net-zero 2050 commitment + SBTi + Scope 1+2+3 + TCFD transition plan + just transition
• Water stewardship + watershed approach + WRI Aqueduct + CDP Water + community water access
• Biodiversity mitigation hierarchy + IUCN protected areas + CBD Kunming-Montreal + species action plan
• GISTM implementation per facility + 77 requirements + risk classification + ITRB + EoR + RTFE + EPP

• EMS clause-based without continual improvement
• Net-zero commitment without SBTi-verified pathway or Scope 3 inclusion
• Water management without watershed approach or community access
• Biodiversity assessment without no net loss commitment
• GISTM partial implementation (deadlines missed for Very High/Extreme facilities)

Principle 9 Pursue continual improvement in social performance and contribute to the social, economic and institutional development of host countries and communities. PEs 9.1-9.6: social performance management + community development + local economic development; resettlement (when avoidable) per IFC Performance Standard 5 + ICMM PS-Resettlement + just compensation + livelihood restoration; cultural heritage protection + Burra Charter + ICOMOS; local content + procurement + employment; community grievance mechanism + accessibility + transparency + UNGP Principle 31. Indigenous Peoples (PS-Indigenous + UNDRIP alignment): Free Prior and Informed Consent (FPIC) + Impact Benefit Agreements (IBAs) + cultural heritage protection + traditional knowledge respect + indigenous land rights; ILO Convention 169. Conflict-Affected and High-Risk Areas (PS-Conflict): heightened due diligence + OECD Due

• Community development + resettlement IFC PS 5 + livelihood restoration + cultural heritage protection
• Indigenous engagement + FPIC + IBAs + UNDRIP + ILO 169 + traditional knowledge respect
• Conflict-affected heightened due diligence + Voluntary Principles + security personnel training
• Stakeholder engagement framework + AA1000 + accessibility + transparency + grievance + community feedback
• Sustainability disclosure + GRI 14 Mining 2024 + IFRS S1/S2 + SASB + ISSB + EFRAG ESRS + AA1000AS assurance

• Community development without livelihood restoration metrics
• FPIC consultation only (not consent in good faith)
• Conflict-affected operations without elevated due diligence
• Stakeholder engagement annual townhall only (no continuous + accessible mechanism)
• Sustainability disclosure unverified (no AA1000AS assurance)

International Council on Mining and Metals (ICMM) Mining Principles - voluntary sustainability framework for the global mining and metals industry. ICMM established 2001, headquartered London. 24 member companies (BHP + Rio Tinto + Glencore + Anglo American + Vale + Newmont + Barrick + Teck + Antofagasta + AngloGold Ashanti + Mitsubishi Materials + Codelco + Freeport-McMoRan + Sumitomo Metal Mining + South32 + Polyus + Nornickel + JX Nippon + Boliden + Sibanye-Stillwater + Yamana + others) representing approximately 30 percent of global metals and mining production. ICMM 10 Mining Principles: 1 Ethical Business + 2 Decision Making + 3 Human Rights + 4 Risk Management + 5 Health and Safety + 6 Environmental Performance + 7 Conservation of Biodiversity + 8 Responsible Production + 9 Social Performance + 10 Stakeholder Engagement. Each Principle is supported by detailed Performance Expectat

• ICMM membership status + commitment to 10 Principles + PEs + position statements
• 10 Mining Principles implementation matrix + corporate and operational levels
• 38 Performance Expectations coverage + gap analysis + remediation plan
• 8 Position Statements adoption + implementation evidence + reporting
• 2024 Update integration with CMSI (Consolidated Mining Standard Initiative) + TSM + Copper Mark + WGC RGMP

• ICMM membership commitment paper-only (no operational implementation)
• Performance Expectations coverage incomplete (gaps not remediated)
• Position Statements adopted but not operationalised
• 2024 Update not integrated into existing management system
• CMSI integration ignored despite consolidation direction

ICMM member assurance framework covers: corporate-level commitment + site-level Validation + Assurance + Transparent Disclosure. Site-level Validation: every operating site validated against ICMM Performance Expectations (PEs) every 3 years by independent third-party assurer (approved by ICMM); validation report covers PE-by-PE conformance + gap remediation + improvement actions; risk-based scope + materiality + sampling. Corporate Assurance: annual sustainability report assured per AA1000AS + ISAE 3000/3410; corporate sustainability disclosure aligned with GRI Standards (including GRI 14 Mining Sector 2024) + IFRS Sustainability Disclosure Standards (S1 General + S2 Climate) + SASB Materials/Metals + ISSB + EFRAG ESRS for EU CSRD; ESG ratings (S&P + MSCI + Sustainalytics + Refinitiv). Transparent Disclosure: annual public reporting + materiality determination + stakeholder input + clima

• Site-level Validation reports per operating site + 3-year cycle + PE-by-PE conformance + remediation
• Corporate sustainability report assurance + AA1000AS / ISAE 3000 + scope + materiality + opinion
• Sustainability disclosure + GRI 14 Mining 2024 + IFRS S1/S2 + SASB + ISSB + EFRAG ESRS for EU CSRD
• CMSI convergence + equivalency matrix + TSM + Copper Mark + WGC RGMP + IRMA single-standard readiness
• Coordination matrix + OECD MNE + UN GC + IFC PS + Equator Principles + UN SDGs + ETC + CRIRSCO + GTMI

• Site-level Validation delayed beyond 3 years
• Corporate assurance limited scope (no AA1000AS principles-level)
• Disclosure stuck on GRI only (no IFRS S1/S2 or ESRS for CSRD reach)
• CMSI convergence ignored despite 2024 announcement
• Standalone ICMM only without IRMA or TSM equivalency