In a new publication, Transparency International’s Accountable Mining Programme brings together five key lessons for business integrity in the mining sector.
Business integrity in mining
Business integrity is an integral part of responsible business. A convergence of regulator, investor and consumer demand for responsible mining means that it is more important than ever for mining companies to demonstrate robust business integrity practices.
Business integrity refers to a company’s policies, procedures and practices for preventing, detecting and addressing bribery and corruption in its business activities.
Corruption risks in the energy transition
Growing recognition of the mineral needs of the energy transition in parallel with increasing demands for responsibly sourced minerals and strong environmental, social and governance (ESG) performance have sharpened the focus on business integrity in the mining sector.
Corruption risks are present in all mining jurisdictions and some jurisdictions, including those with significant reserves of energy transition minerals, are particularly corruption prone.
This makes having effective business integrity systems a compliance, commercial and ethical imperative for all mining companies now and into the future.