The New Responsible Minerals Initiative Investor Network
Responsible sourcing is a long discussed issue in the mining space, and the Responsible Minerals Initiative has grown into one of the most utilised and respected resources for companies from a range of industries addressing responsible mineral sourcing issues in their supply chains. Founded in 2004 by members of the Responsible Business Alliance and the Global e-Sustainability Initiative, the RMI is a multi-industry initiative with more than 500 member companies and the largest industry association of its kind in the minerals space. The Initiative operates by providing companies with a full ecosystem that includes due diligence tools and assurance, and helps companies make responsible sourcing decisions to improve regulatory compliance and source all minerals responsibly.
Sustainable investment firm Stewart Investors is making moves to unite investment industry stakeholders to advance responsible sourcing and the renewable energy transition by becoming the founding member of the Responsible Minerals Initiative Investor Network.
Investing in responsible mineral sourcing
Founded in 1988, Stewart Investors is an active, long-only equity manager focused on sustainable investing.
“We believe that investors have a role to play in ensuring that global mineral supply chains are free of human rights abuses,” says Chris McGoldrick, Senior Investment Analyst at Stewart Investors.
“In the past, NGOs, regulators, and companies have often found themselves on different sides of the table when it comes to conflict minerals. But ultimately, addressing this problem will require a coordinated effort from all stakeholders to improve transparency and support responsible mining practices. Investors are central to this coordination. We firmly believe the RMI Investor Network marks an important step forwards towards both influencing and improving mineral supply chains. We look forward to working with the RMI Investor Network as an inaugural member and encourage others to join us in this important initiative.”
"The RMI is very pleased to welcome Stewart Investors as the first company to join the newly formed RMI Investor Network," shares Jennifer Peyser, Executive Director of the Responsible Minerals Initiative (RMI). “We value their insights and leadership as we scale the Network to support the investor community and its role in driving responsible minerals supply chains and a just green energy transition.”
The Responsible Minerals Initiative (RMI) of the Responsible Business Alliance (RBA) has launched the RMI Investor Network to promote responsible mining and mineral sourcing worldwide. The Network gives investors access to world-class due diligence tools and collaborative opportunities, increasing the engagement that is so crucial to achieving a just renewable energy transition. The Network hopes to advance the RMI’s mission to enable companies to source all minerals responsibly including from conflict-affected and high-risk areas.
“Good responsible investment practice means investors engaging their portfolio companies and working more closely with industry players on systemic ESG issues that matter,” comments Paul Chandler, Director of Stewardship at the Principles for Responsible Investment.
“The PRI welcomes the improved access, and the opportunity to develop best practice, that this development from the newly created RMI Investor Network entails.”
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