Sector Best Practices and Benchmarking

Undisclosed Mining Client

Undisclosed Mining Client is a diversified base metals mining company primarily producing copper, nickel and zinc. When this project was completed, Undisclosed Mining Client had operations around the world. Ostrom Climate created a comprehensive set of industry best practices for carbon management and a benchmarking matrix, to provide guidance on how best to address climate change and to allow the company to assess their performance relative to other companies within their industry.

Our Involvement

Ostrom reviewed more than 100 references from around the world including the “United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP)”, the “United Nations Sustainable Development Goals”, the IFC’s “Performance Standards on Environmental and Social Sustainability”, and the World Bank’s “Climate & Disaster Risk Screening Tools”. Strategies and recommendations from these references were distilled down to a manageable and user-friendly list of best practices, and a succinct benchmarking matrix that included criteria for evaluating topics such as stakeholder engagement, GHG monitoring and reporting, and carbon reduction initiatives.

Outcome​

Ostrom evaluated the client’s performance using the benchmarking matrix and assigned a level of achievement for each best practice (i.e., Level I – achieved, Level II – excellence, Level III – industry leader). The scorecard for each mine was used to improve carbon management practices at the sites.


Stay updated with Ostrom Climate. Join our mailing list.