Standard Owner Benchmark - THE COPPER MARK

By CommonShare

The Copper Mark is an assurance framework and certification program for responsible copper production. It was founded in 2020 by the International Copper Association (ICA) in collaboration with other stakeholders in the copper industry.

The Copper Mark aims to promote responsible practices in the copper industry by providing a credible and independent assurance of responsible production and sustainability. It sets a global standard for responsible copper production and ensures that certified copper producers meet rigorous environmental, social, and governance (ESG) criteria.

The certification process involves a comprehensive assessment of a copper producer's practices across various areas, including labor rights, community engagement, environmental management, and corporate governance. The assessment is conducted by independent third-party auditors who evaluate the producer's compliance with the Copper Mark's standards.

By obtaining the Copper Mark certification, copper producers demonstrate their commitment to responsible practices and transparency. The certification enables downstream users, investors, and consumers to make informed choices and support sustainable copper production.

The Copper Mark is a not-for-profit initiative driven by the goal of improving sustainability in the copper industry. It operates as an independent entity and does not generate profits for any specific organization or entity. The program is funded through a combination of membership fees, contributions from industry stakeholders, and grants from foundations and governments that support responsible mining and sustainability initiatives.

The Copper Mark's governance structure includes a multi-stakeholder advisory council composed of representatives from civil society, academia, industry, and other relevant organizations. This ensures that the program's standards and policies reflect the input and perspectives of various stakeholders.

In summary, the Copper Mark is a certification program founded in 2020 by the International Copper Association to promote responsible practices in the copper industry. It operates as a not-for-profit initiative and sets a global standard for responsible copper production. The program's certification process assesses copper producers' compliance with rigorous environmental, social, and governance criteria, providing assurance of responsible production to downstream users and consumers.

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.
THE COPPER MARK
United Kingdom
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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.