EITI at the OECD Forum on Responsible Mineral Supply Chains 2024
Summary of the EITI's engagements at the OECD Forum on Responsible Mineral Supply Chains
Dates: 21-24 May
Location: OECD Headquarters, Paris, France
Registration: Register here
The 2024 edition of the OECD Forum on Responsible Mineral Supply Chains will reflect longstanding and emerging priorities in fostering responsible mineral supply chains. The sessions will cover a range of crucial topics, including conflict risks, development minerals, regional discussions focusing on gold supply chains, the need for policy coherence in an evolving regulatory landscape and the importance of responsible business conduct in government-to-government agreements on transition minerals. A key theme will be on bridging conflict financing risks with the opportunities for enhancing the sector’s contribution to sustainable development through the increasing strategic profile of transition minerals.
Events co-hosted by the EITI
Day 2
At COP28, more than 120 countries pledged to triple renewables capacity by 2030. Achieving this goal requires reliable and responsibly sourced mineral supplies. Booming minerals demand presents a multitude of challenges, from environmental harm and social conflicts to corrupt deals and mismanaged public finances. Weak governance exacerbates these risks and can disrupt the supply of minerals needed for the energy transition.
This session will explore why mineral sector governance matters for the energy transition. It will show how governments and companies can leverage the EITI Standard, OECD Due Diligence Guidance and other tools to identify and tackle governance and corruption risks.
Day 3
The Global Battery Alliance (GBA) is a global, multistakeholder initiative of over 150 members representing the global battery value chain and its stakeholders across industry, government and civil society. Drawing on GBA Critical Minerals Advisory Group’s work over the last six months on recommendations to policymakers on “Bridging the Cooperation Gap in Critical Battery Minerals: harmonising sustainability data across the value chain”, as well as our continued work on the Battery Passport, the session convenes policymakers and stakeholders for a dialogue on the levers and opportunities to address the most pressing bottlenecks to sustainably scaling critical battery minerals supply. The session highlights the GBA’s calls to action to policymakers on using harmonised data to foster consensus building and cooperation across jurisdictions, stakeholders and the value chain, and creates a platform for charting the way forward for collective action.
Day 4
Governance weaknesses in mineral value chains present an obstacle to the goal of tripling renewables capacity by 2030. These risks can harm the rights of stakeholders and disrupt the renewable energy sector’s mineral supplies. Building on a call to action launched at COP28, this closed-door event will bring together stakeholders from industry, civil society and government from across the mineral value chain for a frank and open discussion of obstacles to effective due diligence on governance and corruption risks.
The participants will explore practical tools for identifying, prioritising and tackling risks with a focus on the EITI Standard and OECD Due Diligence Guidance. It will seek to identify tangible and realistic steps that different stakeholders can take to improve due diligence efforts on governance and corruption risks, focusing on timelines and short, medium and long-term actions.
Further EITI engagements
EITI will also take part in the series of partner events at the OECD Forum on Responsible Mineral Supply Chains in Paris:
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Strengthening anti-corruption and business integrity in the transition minerals value chain: Key for a just energy transition Tue 21 May Room CC4, OECD Headquarters |
Hosted by Transparency International Australia Panellists: Bady Baldé, EITI Deputy Executive Director |
More information to come.
