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Tin November 14, 2019 02:30:32 AM

ITA Meet with IRBC Metals Agreement and Embassy of the Netherlands on Responsible Sourcing

ITRI
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The purpose of the meeting was to exchange views on how the Dutch initiated Agreement for the metals sector can complement and support existing efforts on responsible sourcing for mining and metals companies.

ITA Meet with IRBC Metals Agreement and Embassy of the Netherlands on Responsible Sourcing

SEATTLE (ITRI.CO.UK): ITA, our Belgium based tin recycling member company Metallo, and ITA Director and President of Malaysian Chamber of Mines took part in the multi-stakeholder meeting alongside representatives from metals trading companies and logistics service providers, smelters, semi-product manufacturers, metal financing institutions, the London Metals Exchange (LME) and a Dutch trade union. The purpose of the meeting was to exchange views on how the Dutch initiated Agreement for the metals sector can complement and support existing efforts on responsible sourcing for mining and metals companies including the ITA’s Code of Conduct and the LME responsible sourcing requirements for brands.

Participants recognised the added value of the Agreement in being among the first to build on requirements introduced in the OECD Guidelines for Multinational Enterprises (“MNEs”), which covers risk-based due diligence on issues beyond responsible sourcing from conflict-affected and high risk areas (CAHRAs). In doing so, the Agreement follows the same approach as the ITA’s tin Code of Conduct in selecting a wide scope for sustainability-reporting and engaging with companies from throughout the supply chain from mining to smelting and recycling.

Key recommendations:

  •          Fair distribution of due diligence costs and achieving a level playing field for responsibly sourcing companies
  •          Raising awareness among customers to address and leverage risks
  •          Increase uniformity and work towards the harmonisation of standards

The IRBC Agreement will provide a new platform for companies with tailored guidance and tools for conducting risk-based due diligence and serves as a forum for sharing best-practices.

 

Courtesy: www. itri.co.uk

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