Edited by Stephen Tully
Chapter 81: Minerals Council of Australia: Enduring Value Â„ The Australian Minerals Industry Framework for Sustainable Development, 2004
81. Minerals Council of Australia: Enduring Value – The Australian Minerals Industry Framework for Sustainable Development, 2004 Commentary: To harness the global mining industry’s commitment to sustainable development within a strategic framework, in 2003 the International Council on Mining and Metals (ICMM; www.icmm.com) adopted ten sustainable development principles underpinned by 48 supporting elements. The Minerals Council of Australia (MCA; www.minerals.org.au) represents the exploration, mining and minerals processing sectors in Australia. Enduring Value, the MCA’s Operational Framework for Sustainable Development Implementation, assists companies implement the ICMM’s Sustainable Development Framework at site level while also providing a regional framework for those companies not engaged in the ICMM process: MCA (2003), ‘Annual Report’. Enduring Value builds upon the MCA’s earlier Environmental Management Code (noted below) and identifies several ‘pigeon-holes’ for capturing and extending leading social, environmental and economic management practices across industry. The Global Reporting Initiative (GRI) 2002 Sustainability Reporting Guidelines as well as the Mining and Metals Sector Supplement are the reporting tools for demonstrating compliance with both the ICMM Framework and the Australian-led initiative. Enduring Value is compulsory for MCA members and open to adoption by others. All exploration, mining and minerals processing companies and contractors are eligible to become signatories provided that they commit to implementation in writing. Obligations include progressively implementing the ICMM Principles and Elements, annual public reporting of site-level performance (reporting metrics are selected from either the GRI or self-developed) and internal or external risk assessment. The Code applies to all activities wherever signatories operate as well as...
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