accountable MINING

business integrity

Business integrity

Companies can catalyse change through their anti-corruption and business integrity policies, procedures and practices.

To do so they must implement robust procedures at the earliest stage – when they are seeking to secure a mining-related licence and permit or to invest in or acquire an existing project

Members of the mining industry such as mining companies, industry associations, investors and professional advisors like lawyers and impact assessors have a key role to play when it comes to reducing corruption risks in mining sector licensing.

If industry is less willing to engage in corrupt behaviour, tolerate it from their peers, contractors and suppliers or even government, then this reduces the likelihood that vulnerabilities in the system will be abused. High industry standards can also have a positive, demand-side effect that encourages government reform for enhanced anti-corruption, transparency and accountability in the licensing process.

Business integrity in mining sector

Background

The licensing phase of a mining project is particularly susceptible to corruption. A quarter of all corruption cases in the oil, gas and mining sectors globally arise at the very start of those extractive projects.

At a time when social licence to operate is regarded as the top business risk facing the mining industry, a company’s ability to demonstrate business integrity is increasingly essential for the success of its projects. Aside from legal sanctions, corrupt activity and even allegations of corruption can severely damage a company’s reputation with customers, shareholders, investors and future business partners.

Having effective systems in place to detect, prevent and manage corruption risks is a business imperative both to ensure compliance with applicable laws and because it is good for business. Corruption affects project viability, company reputation and future business relationships.

Who we work with

Despite the potential for serious impacts, many mining companies do not have the right policies and procedures in place to be able to effectively identify and mitigate corruption risks in their business. Others may have robust systems but could do better at publicly demonstrating them.

We work with mining companies of all sizes – from junior to mid-tier to majors. We engage with national mining associations and global bodies like the International Council on Mining and Metals (ICMM) and the World Economic Forum. We have presented at and alongside the African Mining Indaba in Cape Town, the International Mining and Resources Conference in Melbourne, and PDAC in Toronto. We are increasingly working with investors.

We develop resources, run briefings and engage in dialogue. Together with our global partners at the ICMM, World Economic Forum and EITI, we host events on emerging business integrity issues in changing landscape of the COVID-19 crisis, energy transition and mandator human rights diligence. We are connecting our local partners in more than 20 countries with mining companies. Get in touch to learn more.

Serena Lillywhite
mining

Responsible Mining Business Integrity Tool

Transparency International’s Responsible Mining Business Integrity Tool helps mining companies evaluate and strengthen their anti-corruption controls and procedures, with a specific focus on project licensing, permitting and acquisitions.

With indicators selected from close to 40 international best practice standards and frameworks, this online and interactive tool helps companies reduce their corruption risk exposure by:

  • Highlighting the most critical policies and procedures for business integrity
  • Providing a framework for companies to evaluate business integrity performance
  • Offering practical guidance and resources

Tools and publications

business integrity

business integrity Factsheet

Having effective systems in place to detect, prevent and manage corruption risks is a business imperative.

Responsible Mining Business Integrity Tool

Responsible Mining Business Integrity Tool

With indicators selected from close to 40 international best practice standards and frameworks, our new online and interactive tool helps mining companies evaluate and strengthen their anti-corruption controls and procedures, with a specific focus on project licensing, permitting and acquisitions.

Insights