The Corporate Responsibility Rating Of The Metals & Mining Sector

Sustainable investment is a global growth market. Companies that can reconcile economic, environmental and social objectives not only minimise risks, but also realise significant potentials of added value. This particularly applies to the metals & mining industry, as it is an attractive sector for investors and, at the same time, faces major challenges in the field of sustainable development. oekom research AG is an independent rating agency specialised in the analysis and evaluation of the environmental and social performance of companies, sectors and countries for institutional investors and financial service providers in the socially responsible investment (SRI) sector. oekom research has been active in the sustainable investment field since 1993 and its research is currently being used by managers of more than 60 bond and share funds with a volume of assets totalling more than 4.5 billion Euro. The company?s research and its central instrument, the Corporate Responsibility Rating (CRR), are based on the world's most comprehensive set of criteria for the ethical assessment of companies. With the support of an independent scientific advisory board, these universal and industry-specific sustainability criteria are being constantly updated reflecting the dynamics of global challenges in sustainable development. Increasingly, the rating results and benchmark reports of oekom research are also being recognised by the companies as a valuable tool to identify best practices, areas for improvement, and potential risks. This paper will outline the methodology of oekom research, the identification of key sustainability issues in the metals & mining industry, the development of industry-specific sustainability criteria (indicators) for the assessment of the metals & mining industry and key findings of the recently completed CRR of twenty major metals & mining companies.