Launching IXM 2024 ESG report and our Responsible Business Commitments
We are proud to announce the release of the 2024 Environmental, Social, and Governance (ESG) Report, marking a transformative year under our newly rebranded Responsible Business framework. This includes the launch of our Responsible Business Commitments, which form the foundation of our long-term strategy.
This has been developed during a comprehensive process involving internal and external stakeholders for the past 8 months.
Key Highlights from the 2024 ESG Report:
- Copper Mark Partnership: IXM became a Copper Mark partner, reinforcing its dedication to responsible production. 33% of metal suppliers now originate from Copper Mark or equivalent certified assets.
- Employee Engagement: Reached 87% engagement with an 85% response rate in the global survey.
- Training & Development: 87% of employees participated in at least one training. A new e-learning platform and global training incentive plan were launched.
- Community Investment: Social impact spending more than doubled to $1 million, benefiting over 600 children and 50 adults, with initiatives in Peru and the DRC.
- Aluminium Book Closure: Contributed to a 51% reduction in Scope 3 emissions from purchased goods and services.
IXM Responsible Business Commitments
The Responsible Business Commitments shape the foundation of our Responsible Business Strategy. During this year and next, we will define policies, actions and targets that will support us in fulfilling the commitments.
The Responsible Business strategy for IXM has been developed through a comprehensive process involving multiple stages and stakeholder engagements.
The overall methodology was based upon the double materiality assessment methodology defined in the European Sustainability Reporting Guidelines. A total of 128 impacts, risks and opportunities (IRO) have been listed, defined and rated on their financial or impact materiality.
Insights for the IRO list have been gathered through desktop assessment, peer analysis, survey responses from 100 employees and 21 internal and external interviews. Key strategic topics were identified and calibrated by IXMs senior leadership. Part of the process has been supported by Baringa. The final outcome presents a focused and responsible approach to driving impact where our actions matter most.
BUSINESS ETHICS
We uphold the highest standards of integrity and commit to have systems in place to prevent illegal and unethical practices. Acting responsibly is foundational to who we are at IXM.
TRANSPARENCY
We will communicate openly and credibly through transparent reporting of our ESG impacts and performance.
OUR PEOPLE
Our people are our strength. We are committed to a high-performance workplace that supports well-being, values diversity in all its forms and fosters and retains its talents.
RESPONSIBLE MINERAL SUPPLY CHAINS
We conduct risk-based due diligence in our supply chains, guided by the OECD Minerals Guidance and UN Guiding Principles on Business & Human rights. We prioritise the rights of children and the prevention of child & forced labour in mineral supply chains. We seek to ensure the respectful and responsible integration of artisanal and small-scale mining (ASM) into our supply chains and operations by identifying potential risks and promoting formalization.
HEALTH & SAFETY
We put safety and health first, striving for zero harm in our operations, strong employee health programs and ensuring strict management of hazardous substances to protect people and the environment.
COMMUNITY WELLBEING
We are dedicated to enhancing the well-being of the communities where we operate and we pledge at least 0.5 % of our profits to initiatives that drive meaningful and lasting positive change.
ENVIRONMENTAL PROTECTION
We accelerate the transition to a low-carbon economy by enabling responsible trade in critical minerals and acknowledging our sector’s environmental impact – from water use and waste generation to GHG emissions. We aim to drive meaningful action for ourselves and our stakeholders and ultimately helping protect the planet for future generations.