MINAVERDE FOR WHO ?

BIODIVERSITY?

« Nature provides ecosystem services, which benefit businesses and society. The assets that underpin these services are called natural capital. Biodiversity is the variety of living components that make up natural capital. It has a role in ensuring the resilience of natural capital assets and securing them for the future.

Its loss reduces the quantity, quality and resilience of ecosystem services and can present risks to investors across many sectors. »
Principles for Responsible Investment – UNEP 2020.

BIODIVERSITY

The mining sector plays a key and growing role in our economies as it provides materials essential to almost all industries and day-to-day lives. But mining operations generate significant impacts on biodiversity. The impacts are direct through land occupation at the mine site level. They are also indirect through pollutants, associated infrastructures (roads, power lines, train tracks, etc.), GHG emissions, water consumption, water management infrastructures, noise, etc. These impacts occur at the different stages of the lifecycle of a mining project, including exploration, construction, operation, closure, post closure and legacy. On top of these “business as usual” impacts, accidents may occur, causing significant impacts on the environment.

The mining sector does not meet the United Nations Sustainable Development Goals (SDGs), a common measure linked to ESG (Environmental, Social and Governance) factors.

MINAVERDE LABEL

Demonstrates to legislators and other organizations the contribution of the mining sector to the preservation of biodiversity.

Promotes access to financing for mining operations by improving the environmental rating given by scoring institutes.

Encourages access to “responsible gold” certifications.

Provides a reliable assessment tool for scoring institutes and certification bodies.

Add value to the jewellery and electronics industries consumer products.

RESPONSIBLE GOLD SECTOR

PRINCIPLES

The construction of a inalienable Chain of Custody is compulsory to ensure a genuine implementation of a responsible gold sector.

The process of building a traceable supply chain rests on establishing transition stages towards the integration of methods intended to improve the practices and the provision of means for control and reporting.

It is crucial that each link of the supply chain is aware of its own impact and its potential commitment to contribute to responsible gold mining.

The miner who produces and delivers gold is responsible for the direct impacts on the environment, and health and social conditions. He is the first actor for the change and improvement of practices.

The refiner is the intermediary who guarantees the link between the producer and the jeweller or an industrial actor. It is essential that the producer guaranties transparency about the gold origin.

The jewelleror the manufactureris the link who buys and uses gold and crafts it to add value to the raw material. He is the main catalyst who can motivate the miner to improve his practices and who can demand the refiner to trade with responsible miners.

Finally, the end user, thanks to the trustworthy supply chain, will have the guarantee and satisfaction to offer or being offered a precious item which has a more valuable added value as it is originated from responsible mining.

Mina Verde offers the necessary and suitable tools to each player of the supply chain through:

The audit of the mining operation which provides an overview of the practices and the opportunities to identify and target the areas for improvement
The implementation of a transition programme for these practices
The execution and safeguarding of traceability through a block-chain system – the CERTICHAIN tool.