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Tin November 14, 2019 05:30:02 AM

ITA and RMI Demonstrate Assurance Leadership in Tin Due Diligence

ITRI
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The Criteria will enable audit firms and their individual auditors to conduct rigorous and consistent checks on whether any smelter has implemented OECD supply chain due diligence.
ITA and RMI Demonstrate Assurance Leadership in Tin Due Diligence

SEATTLE (ITRI.CO.UK): The International Tin Association (ITA) and the Responsible Minerals Initiative (RMI), an initiative of the Responsible Business Alliance, have jointly developed and published new “Assessment Criteria for Tin Smelting Companies,” which clarify a common upstream and downstream view of due diligence requirements for the tin supply chain.

These Criteria are designed to align with the internationally recognized OECD due diligence guidance, assist with the new London Metal Exchange (LME) responsible sourcing requirements, and satisfy other upcoming requirements such as the EU Minerals Due Diligence Regulation.

The Criteria will be used by the RMI to replace their Tin Standard for the Responsible Minerals Assurance Process (RMAP) following a transition period, and will also set the requirements for responsible sourcing to be evaluated by new assessment processes under the ITA’s Code of Conduct.

The Criteria will enable audit firms and their individual auditors to conduct rigorous and consistent checks on whether any smelter has implemented OECD supply chain due diligence. After incorporating consultation feedback from a broad spectrum of stakeholders across the tin supply chain, the Criteria have been improved by:

  •          Focusing exclusively on the tin value chain
  •          Structuring to reference each Step of the OECD Due Diligence Guidance Supplement on Tin
  •          Highlighting additional, separate regulatory or downstream expectations
  •          Outlining practical expectations for red-flag review of suppliers
  •          Explaining how smelters may use OECD-aligned joint industry initiatives for due diligence support
  •          Clarifying terminology and separating procedural or guidance text for auditors

The Criteria results from cooperation between the ITA and the RMI as agreed in an MOU earlier in the year. Both organisations are continuing to work together to draft further guidance on Criteria expectations in a workbook format for use by auditors and/or smelters as the new Criteria are implemented. The development of associated training materials is also planned.

Courtesy: www. itri.co.uk