ICMM

ICMM has launched a report illustrating the methods available to measure human and social development contributions and considering the applicability of these methods for use in the mining and metals industry. While considerable sums of money are often invested in programs intended to generate economic and social returns to the local community, there is often uncertainty around how to quantify the contribution to human and social development. Mining companies are increasingly expected to be able demonstrate the effectiveness and value of such investments โ€“ by stakeholders and shareholders โ€“ including their alignment to long-term objectives of strengthening community development. Understanding the impacts of these investments on livelihoods and the quality of life of host communities is important. However, there is currently little guidance on how to measure this meaningfully and no generally accepted approaches to doing so within the mining and metals sector.