Apply ethical business practices and sound systems of corporate governance and transparency to support sustainable development.
Principle 01: Ethical Business
ICMM company members commit to apply ethical business practices and sound systems of corporate governance and transparency to support sustainable development.
Embracing sustainability is a societal expectation and a business imperative. ICMM members apply ethical business practices, backed by sound systems of corporate governance and transparency to support sustainable development.
Performance Expectations
Developed with extensive input from non-governmental organisations (NGOs), international organisations and academics, our Mining Principles establish baseline performance expectations for a responsible mining and metals industry. ICMM's Mining Principles include five Performance Expectations under Principle 1: Ethical Business.
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1.1 – Establish Systems for Legal Compliance
Establish systems to maintain compliance with applicable law.[1]
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1.2 – Prevent Bribery and Corruption
Implement policies and practices to prevent bribery, corruption and to publicly disclose facilitation payments.
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1.3 – Align Policies and Standards to ICMM
Implement policies and standards consistent with the ICMM policy framework.
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1.4 – Assign Accountability for Sustainable Development at Board/ExCo level
Assign accountability for sustainability performance at the Board and/or Executive Committee level.
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1.5 – Disclose Financial Contributions
Disclose the value and beneficiaries of financial and in-kind political contributions whether directly or through an intermediary.
The ICMM Mining Principles
Principle 02: Decision Making
Integrate sustainable development in corporate strategy and decision-making processes.
Principle 03: Human Rights
Respect human rights and the interests, cultures, customs, and values of workers and communities affected by our activities.
Principle 04: Risk Management
Implement effective risk-management strategies and systems based on sound science, and which account for stakeholder perceptions of risk.
Principle 05: Health and Safety
Pursue continual improvement in physical and psychological health and safety performance with the ultimate goal of zero harm.
Principle 06: Environmental Performance
Pursue continual improvement in environmental performance issues, such as water stewardship, energy use, and climate change.
Principle 07: Conservation of Biodiversity
Contribute to the conservation of biodiversity and integrated approaches to land-use planning.
Principle 08: Responsible Production
Facilitate and support the knowledge-base and systems for responsible design, use, re-use, recycling, and disposal of products containing metals and minerals.
Principle 09: Social Performance
Pursue continual improvement in social performance and contribute to the social, economic, and institutional development of host countries and communities.
Principle 10: Stakeholder Engagement
Proactively engage key stakeholders on sustainable development challenges and opportunities in an open and transparent manner, effectively report and independently verify progress and performance.
Position Statement: Indigenous Peoples
Building positive relationships between mining companies and Indigenous Peoples through respect, meaningful engagement and mutual benefit.
Position Statement: Nature
Nature loss is a critical global challenge, placing the survival, health, wellbeing, and livelihoods of people, ecosystems, and our global economy at significant risk.
Position Statement: Diversity, Equity, and Inclusion
This Position Statement sets out ICMM Members’ collective commitment to improving diversity, equity, and inclusion in the industry and positively influencing the communities that we are a part of.
Position Statement: Transparency of Mineral Revenues
Promoting revenue transparency to enhance governance, combat corruption, and foster sustainable growth.
Position Statement: Climate Change
Responding to the need for an urgent global response to the threat of climate change, across all areas of society and the economy.
Position Statement: Water Stewardship
Promoting the use of water in ways that are socially equitable, environmentally sustainable, and economically beneficial.
Position Statement: Tailings Governance Framework
Enhancing focus on the key governance elements necessary for maintaining the integrity of tailings storage facilities (TSFs).
Position Statement: Mining Partnerships for Development
Ensuring that investments made in developing mineral resources enhance social and economic development locally and nationally.
Position Statement: Mercury Risk Management
Promoting the responsible management of mercury down the value chain.
Assurance and validation
Combining clearly articulated performance expectations with robust site-level validation.
Supporting global goals
As momentum behind the UN Sustainable Development Goals (SDGs) continues to grow, there is mounting pressure on the private sector to support the delivery of a wide variety of development objectives. ICMM’s Mining Principles can support the mining and metals industry in addressing climate change, ending poverty and tackling rising inequalities.
Each SDG connects with or can be directly influenced by ICMM’s Mining Principles. Unlike many other sectors, there is no primary point of connection between mining and a single SDG. Instead, operations have the extraordinary potential to contribute to several goals at once. The contribution mining products to almost every aspect of life is arguably becoming more important than ever – with metals and minerals enabling the innovations needed to deliver pathways to a greener, safer and more sustainable future.