The Copper Mark, the assurance framework to promote responsible practices and demonstrate the copper industry’s contribution to the United Nations Sustainable Development Goals, and CRU Group, the leading global mining, metals and fertilizer market intelligence company, have signed a Memorandum of Understanding (MOU) which includes the integration of the Copper Mark assurance award status into CRU’s Emissions Analysis Tool.
The CRU Emissions Analysis Tool is a digital platform that compares emissions across global value chains. The tool compares asset level sustainability data, which will now include acknowledgement that a copper site has received the Copper Mark – meeting its standards on quantifying, lowering and reporting on GHG emissions – and link to the Summary Assessment Report on the Copper Mark’s website.
The MOU between the Copper Mark and the CRU Group will help to further embed transparency around emissions from global copper value chains, enhancing accountability and raising the importance of measuring, reducing and reporting on emissions throughout the supply chain.
On the partnership, Michèle Brülhart, Executive Director of the Copper Mark, stated:
“The Memorandum of Understanding between the Copper Mark and CRU Group is an important step forward in promoting transparency around emissions linked to copper supply chains. Understanding and mitigating the copper value chain’s carbon emissions form a key part of the Copper Mark’s mission to promote responsible production and sourcing practices throughout the industry. The integration of the Copper Mark into CRU’s Emissions Analysis Tool will help users understand not only emissions but responsible production practices of our participants across all major environmental and social issues.”
CRU’s Research Director, Lavan Mahadeva, adds:
“CRU’s Emissions Analysis Tool reveals that copper mines, smelters and refineries display interesting differences in their carbon emissions’ intensities. But a holistic assessment of responsible copper production should also take in other important environmental and social aspects. We are therefore delighted to add The Copper Mark as an overlay to our carbon emissions data, and hope that this partnership will make it easier for our clients to use our tool to appreciate the sustainable development efforts of their peers and supply chain partners.”
Notes to Editors
About The Copper Mark
The Copper Mark is a new assurance framework to promote responsible practices and demonstrate the copper industry’s contribution to the United Nations Sustainable Development Goals. The Copper Mark uses a rigorous site-level assessment process to independently verify whether individual copper producing sites have responsible production practices.
The Copper Mark already covers two of the largest copper mines in the world, five producers in the biggest copper producing region in the world, and six of the ten largest companies producing copper. It currently has 25 participating sites – 12 of which have received the Copper Mark, and 11 partner organisations which include companies which use or rely on copper in their products or services.
The Copper Mark is built on a genuine commitment of the copper industry to responsible production as we aim to mitigate the environmental and social impact of the copper industry, and positively contribute to sustainable development goals and the green transition.
The Copper Mark framework involves a robust three-year re-evaluation process at site-level for participants. Participants commit to continual improvement, building the management systems necessary to ensure ongoing legal compliance.
About the CRU Group
CRU offers unrivalled business intelligence on the global metals, mining and fertilizer industries through market analysis, price assessments, consultancy and events.
Since our foundation by Robert Perlman in 1969, we have consistently invested in primary research and robust methodologies, and developed expert teams in key locations worldwide, including in hard-to-reach markets such as China.
CRU employs over 260 experts and has more than 10 offices around the world, in Europe, the Americas, China, Asia and Australia – our office in Beijing opened in 2004.
When facing critical business decisions, you can rely on our first-hand knowledge to give you a complete view of a commodity market. And you can engage with our experts directly, for the full picture and a personalised response.
Copper producing assets (383 worldwide) ranked according to carbon intensity / production volume
Source: CRU Emissions Analysis Tool 2021