Progressive improvement of DD initiatives and transparency of Alignment Assessment: example of the ITSCI Programme
Apr 26, 2023 | 6:30 AM - 8:00 AMPartner session - Room CC20
Apr 26, 2023 | 6:30 AM - 8:00 AM
Partner session - Room CC20
Description
Organised by: International Tin Supply Chain Initiative
In the context of increased due diligence requirements or expectations, companies may choose to use mineral supply chain initiatives or schemes, such as ITSCI, while retaining individual responsibility to understand the scope and activities of those schemes, ensure they are relevant to the company’s own business circumstances and needs, pinpoint any gaps in due diligence support provided, work to fill those gaps and act on information provided by the scheme. To facilitate companies’ understanding, schemes should undergo regular alignment assessments of adequate independence, quality, and credibility by providing an expert view of the scheme’s processes, strengths, and areas of ongoing – past and planned – improvements. This partner session aims to discuss this approach, seeking to promote the usefulness of such assessment and the objective of a level playing field for supply chain initiatives. The session will start with a presentation of the second Alignment Assessment of the ITSCI Programme, including its methodology, transparency, and results. ITSCI will be the first mineral supply chain initiative completing a second AA and publishing its results, including both the AA report and tool. The presentation will be followed by an open panel discussion on best practices on the use of schemes and on AA results for company’s due diligence, both upstream and downstream, while tackling the risk of over-reliance on such scheme.
