sharing in governance of extractive industries
London, 23 July 2018 – Bettercoal launched today its fully revised Assurance System which supports the delivery of the Bettercoal Standard. This is based on the Bettercoal Code which assesses the performance of coal mining companies and is designed to foster a global responsible coal supply chain.
The new Assessment Process consists of five steps and includes an obligation to undergo a Site-Assessment as well as regular reporting on continuous improvement. This new system aims to reflect:
One of the most significant changes in the Assessment Process is the publication of summary results of the assessments which will be available on the Bettercoal website.
Bettercoal Executive Director Anne-Claire Howard said:
“Bettercoal was founded over five years ago and it was important for the initiative to take on board the feedback received during those five years. Reviewing, modernising and improving the rigour and quality of our Assessment Process was crucial to the credibility of our organisation.
Bettercoal and its Members recognise the role coal still plays in our economy through its multiple uses as a source of energy for electricity generation, steel and cement manufacturing and other processes. It was essential for buyers and producers of coal to have a credible, internationally recognised standard they could rely on to manage the risks in their supply chain.
We are proud to have worked with our multi-stakeholder advisory group to further enhance the credibility of our standard and ensure that we can contribute to a responsible global coal supply chain.”
The new documents that support the revised Assurance System and that are available in English on the Bettercoal website as of today, are:
Bettercoal is a global standards initiative established in 2012 by major coal buyers striving to promote continuous improvement of sustainability performance in their coal supply chain.
For further information about Bettercoal, please visit our website: https://bettercoal.org/.
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