Mission and objectives
Specifically, the Commission will have the following objectives:
To understand how investors value, invest and engage with the mining sector and the role this could play in meeting future demand in line with the vision. This includes a consolidated understanding amongst investors of:
- Changing mineral demand, including accounting for the contribution of recycling, substitution and efficiency.
- The impact associated with meeting the demand for minerals and metals.
- What good practice looks like.
Assess the role of standards to drive best practice in the industry, in particular, to consider efforts by the International Council on Mining and Metals (ICMM), the Initiative for Responsible Mining Assurance (IRMA) and the Towards Sustainable Mining (TSM) initiative amongst others to consolidate global best practice standards and disclosures.
Identify the barriers and systemic challenges facing the mining industry to better achieve the delivery of minerals and metals to meet society demands in general and also the low carbon transition in particular.
To consider how mining can contribute to or exacerbate conflict:
- Identify what is good practice to avoid or minimise conflict.
- Understand and identify what the role of investors are in responding to conflict.
To identify the requirements of investors to help them assess data in relation to the social and environmental performance of mining companies:
- Describe the current landscape of data available to investors, including information and data arising from both regulatory requirements and voluntary standards.