The Global Reporting Initiative (GRI) is putting together a working group to develop a new sustainability standard for the mining sector.
It is confirmed as the next GRI standard given the sector’s environmental impact and growing demands for transparency in sustainability reporting.
The GRI Standard for oil and gas is expected in October, while standards are at an advanced stage of development for coal, agriculture, aquaculture and fishing.
The new mining standard is expected to be issued in draft form in the next year or two, with an expected release date of Q3 2023.
It intends to improve reporting on firms’ sustainability performance and demonstrate accountability, while also addressing the sector’s challenges with human rights.
The Mining Sector Standard Working Group is looking to recruit applicants with mining reporting or sustainability expertise to help develop the work.
Bastian Buck, GRI chief of standards, said the working group needs diverse representation to ensure the standard meets the sector’s reporting needs.
“Sector standards will help organisations increase their transparency, by focusing reporting on the issues that matter most. They will drive global consistency in the way companies within sectors disclose their shared impacts, illuminating how their actions can promote sustainable business practices,” Mr Buck said.