Independent tailings management body launched to oversee conformance with global standard

Independent tailings management body launched to oversee conformance with global standard tailings standards

On the eve of the fourth anniversary of the Brumadinho Tailings dam disaster, in Brazil, which resulted in the deaths of 270 people, the United Nations Environment Programme and the Church of England Pensions Board – representing the Principles for Responsible Investment that co-convened the process with UNEP – announced the formation of the independent Global Tailings Management Institute to drive mining industry safety standards.

To achieve this, the institute’s core priority will be assurance – managing an assurance framework where tailings facilities will be audited and certified against the GISTM by qualified, independent third-party assessors. Lastly, it will be supported by disclosures, that is, supporting confidence in the standard and its implementation through transparency of tailings facility details and auditing outcomes.

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