Authorised IMDS & CDX Training & Consulting partner for
A comprehensive framework for evaluating and managing environmental, social, and governance (ESG) risks in the mineral and metal supply chain, Responsible Mineral
and Metal Criteria Guide Version 3.0 (RRA 3.0) was produced by The Copper Mark and the Responsible Minerals Initiative (RMI).
RRA 3.0 is a major revision to the previous edition, featuring improved and new criteria that take into account the most recent advancements in ethical sourcing of
metals and minerals. The new standards address many different topics, such as:
✅Human rights: RRA 3.0’s fundamental demand is the respect for human rights. The new standards call for identifying and reducing human rights risks—such as child
labour, forced labour, and discrimination—in the supply chain.
✅Environmental protection: RRA 3.0 also incorporates improved requirements for environmental protection, including conservation of biodiversity, waste
management, and water management.
✅Accountability and transparency: RRA 3.0 mandates that businesses create grievance procedures to handle complaints expressed by interested parties and
reveal information about their responsible sourcing policies.
Companies who have shown to source copper responsibly are recognised by the Copper Mark accreditation programme. Based on RRA 3.0, the Copper Mark's
requirements must be met by businesses seeking certification, and the most recent version of the standards must be followed.
In the endeavour to support ethical metal and mineral procurement, the publication of RRA 3.0 represents a significant turning point. Companies may now evaluate and
manage ESG risks in their supply chains with a clear and complete framework thanks to the new criteria.
The following are some of the main advantages of RRA 3.0:
✅Lowers the risk of supply chain disruptions: Businesses can lower the risk of supply chain disruptions by recognising and addressing ESG risks.
✅Enhances brand value and reputation: Customers are calling on businesses to source their products ethically more and more. Businesses may increase their reputation and brand value while showcasing their dedication to responsible sourcing by using RRA 3.0.
✅Fulfils customer requirements: A lot of clients have started asking providers to follow RRA 3.0. Businesses can safeguard their business relationships and satisfy client criteria by implementing RRA 3.0.
Conclusion
An encouraging step forward for the push towards responsible metal and mineral sourcing is the publication of RRA 3.0. Companies may now evaluate and manage
ESG risks in their supply chains with a clear and complete framework thanks to the new criteria. Businesses may meet customer demands, enhance their reputation and
brand value, and lower the risk of supply chain disruptions by implementing RRA 3.0. For more information on the impact please book a free consultation by filling the
form or writing to us at manjunath.c@globalpccs.com