The Copper Mark, the assurance framework to promote responsible practices in the copper, molybdenum, nickel and zinc industries, has released its first Monitoring and Evaluation (M&E) report.
This baseline study sets out the key indicators against which the Copper Mark tracks the progress of its ambition to promote responsible operating, sourcing, and recycling practices across the entire value chain of these metals.
Key findings from the report, which focuses on the Copper Mark’s work across the copper value chain, include:
- The average number of “partially meets” per site in 2022 was 3.6 out of a total of 32 requirements.
- The percentage of annual globally mined copper produced by sites with the Copper Mark grew from 4% in 2020 to 21.1% in 2022. Recent participants have increased this to over 25% in 2023.
- The Copper Mark has seen a fourfold increase in its number of partner companies since 2020, as well as an expansion in the number of non-mining sites participating in the framework, building the foundation for the Copper Mark’s engagement across the whole value chain.
The M&E report also sets a baseline for the long-term metrics against which the Copper Mark will continue to measure its ambitions to promote sustainability, accountability, and responsibility in the entire copper value chain.
Read the full report here.