Standard Owner Benchmark - INITIATIVE FOR RESPONSIBLE MINING ASSURANCE (IRMA)

By CommonShare

The Initiative for Responsible Mining Assurance (IRMA) is an organization that promotes responsible mining practices and aims to improve social and environmental standards in the mining sector. It was founded in 2006 as a non-profit organization based in the United States.

IRMA's mission is to establish a globally recognized certification program for responsible mining, providing assurance to stakeholders that mining operations meet rigorous standards in areas such as human rights, labor rights, community engagement, environmental management, and business integrity. The organization works collaboratively with industry stakeholders, including mining companies, civil society organizations, and affected communities, to develop and implement these standards.

The IRMA Standard is a set of requirements that mining operations must meet in order to achieve certification. The standard covers a wide range of issues, including indigenous peoples' rights, worker safety, water management, biodiversity conservation, and the management of waste and hazardous substances. It also includes provisions for transparency and accountability, requiring mining companies to publicly disclose information about their operations and engage with local communities and stakeholders.

IRMA's certification process involves independent third-party assessments of mining operations to ensure compliance with the IRMA Standard. Certified mines are regularly audited to maintain their certification and demonstrate ongoing commitment to responsible practices.

As a non-profit organization, IRMA operates with the goal of advancing responsible mining practices and promoting sustainability in the mining industry, rather than seeking to generate profit. Its focus is on driving positive change and providing a trusted certification system that promotes responsible and sustainable mining practices.

Overall Rating

2.2
Undistinguished

Governance

The certification uses a multi-stakeholder, independent governance model to support the development of the standards related to the certification.

Supply Side Digitization

Details on the certificate are easily available via technology for inclusion in third party digital applications.

Buy Side Availability

Buy side availability details out how easy it is for consumers to find products and companies exhibiting the standards offered by the certification.

Relevance

This considers the scale of the certification, and the number of products and companies that currently contribute to the certificate. National and local certification are normalized with countries.

Digital Accessibility

How easy is it for innovative new companies, startups, and local retailers to have the same access and affordable pricing models to use standard information in digital applications.
INITIATIVE FOR RESPONSIBLE MINING ASSURANCE (IRMA)
United States
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How our Standard Owner Benchmark® Works?

By CommonShare

This is a benchmark to help companies understand which standards should be part of a sustainable procurement plan. Further, the benchmark allows standard setting schemes, i.e. "Standard Owners", to benchmark their performance versus industry peers.