Downstream Markets

Gold, iron ore, copper and other minerals and metals are used in everything from jewelry and cell phones to building materials and auto parts. The process for mining these materials can have significant social and environmental impacts and result in conflict between mining companies, local communities and other stakeholders.

Voluntary third-party certification programs are a powerful market mechanism for rewarding and recognizing social and environmental performance. The success of such programs as the Forest Stewardship Council, Marine Stewardship Council, and the International Fair Trade Labeling Organizations demonstrates that participating in a certification program helps companies better manage their risks, enhance their image, and boost their social license. Additional value propositions include market access and supply chain security.

With the arrival of the Standard for Responsible Mining, companies can have enhanced assurance that the minerals they purchase are mined responsibly.

IRMA aims to collaborate with commodity purchasers and other standard initiatives across the chain of custody to provide complete and harmonized solutions for certification, traceability and labeling. 

IRMA wants to better understand what downstream users of mined materials require for their responsible sourcing and supply chain due diligence. Please contact Aimee Boulanger, IRMA Coordinator, for further details about how your company can participate in an exploratory project.

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IRMA Fundamentals

  • The IRMA Standard is targeted at industrial-scale mines.
  • IRMA works across all locations, commodities and mine types. However, IRMA does not provide assurance for oil, gas, uranium and other energy fuels.
  • IRMA collaborates with initiatives for responsible small-scale and artisanal mining.
  • IRMA collaborates with other sustainability standards initiatives for the extractives sector to provide complete solutions for certification, traceability and labeling.

 

 

For over 175 years, Tiffany & Co. has looked to the beauty and bounty of the natural world for design inspiration and the precious materials that give life to our designs. We recognize the moral imperative to safeguard this natural beauty and believe IRMA will promote greater environmental stewardship in mining operations and inspire consumer confidence in the industry.

– Anisa Kamadoli Costa, Chief Sustainability Officer at Tiffany & Co. and Chairman and President of The Tiffany & Co. Foundation

 

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