378-1 Social and Economic Reporting Framework and Guidance, 2022

Summary

This purpose of this framework is to provide a common approach for member companies to report on their social and economic contributions, impacts, and dependencies. The framework is based on eight thematic areas, including governance, employment, community well-being, and economic impacts. It provides guidance on reporting indicators, data collection, and verification, and encourages companies to report their performance in a transparent and consistent manner. The ICMM Social and Economic Reporting Framework and Guidance is intended to help mining and metals companies assess and communicate their contributions to sustainable development and to demonstrate their social and economic value to stakeholders. It is also intended to promote accountability and transparency in the mining sector, and to enhance the industry's social license to operate.

Thumbnail image for This purpose of this framework is to provide a common approach for member companies to report on their social and economic contributions, impacts, and dependencies. The framework is based on eight thematic areas, including governance, employment, community well-being, and economic impacts. It provides guidance on reporting indicators, data collection, and verification, and encourages companies to report their performance in a transparent and consistent manner. The ICMM Social and Economic Reporting Framework and Guidance is intended to help mining and metals companies assess and communicate their contributions to sustainable development and to demonstrate their social and economic value to stakeholders. It is also intended to promote accountability and transparency in the mining sector, and to enhance the industry's social license to operate.

Issuer

International Council on Mining and Metals (ICMM)

Year

2022

Region

International

Issuer (type)

International Council on Mining and Metals (Industry)

Policy Type

Disclosure

Geographical scope

International

Mandatory or voluntary

Voluntary

Global Reporting Initiative (GRI)

Other

Main industries targeted

Mining, Quarrying, Oil & Gas Extraction
Finance & Insurance
Manufacturing
Transportation & Warehousing

Restrictiveness

Low

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 3: Good Health and Well-being
SDG 4: Quality Education
SDG 5: Gender Equality
SDG 8: Decent Work and Economic Growth
SDG 10: Reduced Inequality
SDG 12: Responsible Consumption and Production
SDG 17: Partnerships for the Goals