Measuring responsibility: How do we assess the mines supplying the renewable energy transition?
INITIATIVE FOR RESPONSIBLE MINING ASSURANCE
INITIATIVE FOR RESPONSIBLE MINING ASSURANCE

In Chile, the first lithium mine in the world has completed an independent audit under the rigorous standard set by the Initiative for Responsible Mining Assurance (IRMA). Such audits, by reviewing mines’ performance with transparent notice and opportunities for public engagement, help foster dialogue on further improvements companies can make to support those affected by their operations.

SEATTLE, June 20, 2023 (GLOBE NEWSWIRE) -- Responding to global pressure for greater transparency around the sourcing of raw materials, the Salar de Atacama lithium mine operated by Albemarle Corporation in Chile has released an independent audit report on its performance against concrete measures of social and environmental impact.

Conducted against the best-practice standard established by the Initiative for Responsible Mining Assurance (IRMA), the audit is the first to be completed at a mine that supplies lithium — a key component of electric vehicle batteries and one of the principal mined materials enabling the transition to a renewable energy economy.

IRMA oversees the only independent, comprehensive process for assessing individual mines’ performance against an equally governed, consensus-based standard — and for measuring their subsequent progress in reducing social and environmental harm. The rigorous IRMA process invites all those currently or potentially affected by a mine to share their experiences and perspectives with the auditing team.

Developed through a decade of public consultations, with input from more than 100 companies and organizations, the IRMA Standard and assessment process recognize the concerns of Indigenous rights holders, communities and mine workers, as well as environmental and human rights advocates and other representatives of civil society. The independent IRMA system is the only global mining standard that gives such groups an equal voice alongside mining companies, mined materials purchasers and investors.

Albemarle’s Salar de Atacama operation scored an IRMA 50 performance level, meaning the independent audit firm ERM-CVS verified that the mine met all critical requirements of the IRMA Standard, as well as at least 50% of the Standard’s criteria in each of the four areas: social responsibility, environmental responsibility, business integrity and planning for positive legacies. The full audit report is available at responsiblemining.net.

Albemarle’s Salar de Atacama joins 12 other industrial-scale mines worldwide that are undergoing independent audits against the IRMA Standard in 2023. After an initial self-assessment, a participating mine engages a third-party audit firm — trained and approved by IRMA — to conduct a detailed independent evaluation, including on-site visits to the mine and nearby communities.