A new global standard has been published by the OECD that can legitimately claim to represent consensus on how companies should assess and respond to the risks of social and environmental impacts in agricultural supply chains. Investors, producers and consumers of agricultural commodities should take note.
In September, Andrew Britton from Kumi presented to the inaugural Africa-Dubai Precious Metals Forum held in Accra, Ghana, on the contributions that the gold mining industry can make to international development. He reflects on his discussions with gold producers, traders and refiners on some of the challenges facing the industry.
Sustainability certification schemes for commodities such as tea, cotton or palm oil can add value as a recognised means of managing social and environmental risks in companies' supply chains. But is this enough? As a recent BBC investigation has highlighted, companies need to ensure they also understand the limitations to such schemes.
Kumi was commissioned by the OECD to deliver the strategically important Alignment Assessment project. This project evaluated the five largest mineral supply chain programmes against the recommendations of the OECD’s Due Diligence Guidance for Responsible Mineral Supply Chains and created the assessment methodology that will be used by the European Commission to assess compliance with the forthcoming EU Conflict Minerals Regulation.