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STATEMENT: Mining leaders make historic commitments to support a positive future for nature (1)

(Information sent by the signatory company).

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STATEMENT: Mining leaders make historic commitments to support a positive future for nature (1)

(Information sent by the signatory company)

LONDON, Jan. 17, 2024 /PRNewswire/ -- The world's leading mining and metals companies today pledged to take urgent action to support a nature-positive future by 2030[1] that promotes health, diversity and resilience of species, ecosystems and natural processes. As responsibly produced minerals and metals play a critical role in advancing global sustainable development goals, ICMM members, representing a third of the global industry, have pledged that meeting this demand for critical materials should not be done by expense of nature.

Comprised of experts and leaders from a variety of disciplines from across ICMM's businesses and association members, as well as from civil society, academia, indigenous representatives and outreach bodies and investors, ICMM's new commitments set out a plan five points for nature:

These commitments apply to activities in the four kingdoms of nature (land, freshwater, oceans and atmosphere), leveraging companies' areas of influence, from their direct operations, value chains and broader landscapes, to the creation of the necessary conditions to achieve the transformation of systems. They are supported by transparent disclosures on performance results, including publishing the results of nature-related impact and dependency assessments, and setting targets to address them.

Rohitesh Dhawan, Chairman and CEO, ICMM today announced the commitments to nature at a Nature Positive Initiative event in Davos, commenting: "The mining industry owes its existence to nature. At a time when the health of our natural world is in danger, but demand for critical minerals is about to skyrocket, we have committed to taking meaningful collective action to help create a positive future for nature. These commitments are based on the important goals and individual actions of members of the ICMM for several decades, including habitat conservation, species protection, and landscape restoration.

There is no escaping the fact that the act of mining directly affects nature, which is why the cornerstone of our commitments is to ensure at least no net loss of biodiversity across all mining sites through closure to a baseline. 2020. Additionally, we have committed to taking action across our value chains, landscapes and the broader systems in which we operate so that the full impact of our actions contributes to a positive future for nature. These will be made with the critical participation of indigenous and land-connected peoples, and local communities, whose rights, values ​​and knowledge will be fundamental to our actions."

ICMM members have already implemented a number of initiatives focused on conservation and restoration, for example strengthening the protection of areas of high biodiversity value, developing innovative technologies to improve seed yields during landscape revegetation, and defending habitats. important invasive species. New ICMM commitments will improve them to drive performance across the industry

Jonathan Price, Chairman and CEO, Teck Resources Limited, and Chair of ICMM's Council Nature Advisory Group, said: "Collaboration across all sectors is essential to help halt and reverse the loss of nature and ICMM's natural commitments. They will help companies expand their existing efforts and drive local and regional partnerships to better protect and restore our landscapes and ecosystems for the benefit of all.

"At Teck, we are taking steps to conserve and restore nature, while providing the critical minerals the world needs to decarbonize. For us, that means implementing initiatives that include conserving and recovering at least three hectares for every hectare that we affect through mining."

Marco Lambertini, convener of the Nature Positive Initiative, said: "The mining sector's current commitment to contributing to a positive future for nature is welcome. Coordination at sector level is key to halting and reversing today's accelerated biodiversity loss. For To help ensure a nature-positive world, it will now be essential for ICMM members to translate this commitment into truly positive outcomes for nature. This means both safeguarding areas with high biodiversity value and contributing in their operations to measurable gains in the health, abundance, diversity and resilience of species, ecosystems and natural processes.

Commitments on direct operations, value chain and governance and transparency apply to all members, and individual members will select at least one of three commitment options related to broader landscapes and systems transformation, in order to maximize their contribution positive.

These commitments were published as part of a position statement that sets out ICMM members' approach to contributing to a positive future for nature guided by the Kunming-Montreal Global Biodiversity Framework (GBF) and ICMM's existing commitments in relationship with protected areas, indigenous peoples, water and respect for human rights according to the United Nations Guiding Principles on Business and Human Rights (UNGP). Action on nature is an integral part of the ICMM Mining Principles, and represents the comprehensive commitment of our member companies to a responsible mining and metals industry.

Notes to editors

The ICMM Nature Position Statement is available here

The multimedia package includes quotes from ICMM member CEOs and high-resolution images from company members that are available for publication with the article (credit the source company) and is available on the ICMM website: https:// www.icmm.com/en-gb/news/2024/nature-media-kit

Starting January 17 at 19:00 GMT, find out more about ICMM's nature commitments and the actions already taking place on the ground in our new Nature Hub https://nature.icmm.com, what includes:

About ICMM

ICMM stands for principled mining. We bring together approximately a third of the world's mining industry, along with key partners to drive leadership, action and innovation for sustainable development. Through collaboration, ICMM member companies set the standard for responsibly produced minerals and metals to help build a safe, fair and sustainable world.

[1] From 2020 baseline[2] ICMM members made these commitments in 2003 and 2018

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