Panama City (Panama), March 31st, 2023 - Cámara Minera de Panamá (CAMIPA), Panama’s national mining chamber, has announced its adoption of Towards Sustainable Mining (TSM), a made-in-Canada corporate social responsibility performance system that improves environmental and social practices in the mining sector.
As a result, CAMIPA and its affiliated companies will adopt a set of indicators that will allow them to measure and publicly report on the most integral aspects of its mining industry, including those focused on environmental stewardship and effective community engagement.
“This is an important occasion, we are proud to become part of this initiative that has proven to be essential for the mining sector to enhance its contribution to the sustainable development of the regions where it operates,” said Roberto Cuevas, President of CAMIPA. “In order to improve this contribution to sustainable development, the mining sector must assume and promote the best practices and standards in its relationship with the country and territories, communities, the environment, the productive system and the State.”
CAMIPA joins 12 other mining associations around the world, the sixth in Latin America together with Brazil, Colombia, Mexico, Guatemala and Argentina, in adopting the TSM standard. Panama’s mining chamber will tailor TSM’s performance areas to reflect the unique aspects of its mining industry and commits to implementation in the next five years.
TSM is a globally recognized sustainability program that supports mining companies in managing key environmental and social responsibilities. TSM was the first mining sustainability standard in the world to require site-level assessments and is mandatory for all companies that are members of implementing associations. Through TSM, eight critical aspects of social and environmental performance are evaluated, independently validated, and publicly reported against 30 distinct performance indicators.
“The mining industry’s role in providing the minerals and metals essential to the technologies we use every day cannot be overstated and it is critical that these materials be responsibly sourced, with environmental stewardship and community engagement at the forefront,” said Pierre Gratton, President and CEO of the Mining Association of Canada, TSM’s founding member. “The TSM standard will enhance sustainable performance for Panama’s mining sector and we are extremely pleased to welcome CAMIPA as our newest TSM partner.”
Performance in TSM is evaluated across a set of detailed environmental and social performance standards, including climate change, tailings management, water stewardship, Indigenous and community relationships, safety and health, biodiversity conservation, crisis management and preventing child and forced labour. TSM helps drive performance improvement where it counts — at the site level — and contributes to securing support for mining activities from the communities where it operates.
To ensure TSM reflects the expectations of civil society and industry stakeholders, it was designed and continues to be shaped by an independent, multi-interest advisory panel. As part of its implementation, CAMIPA will implement a similar advisory body to provide this valuable oversight function.
The Towards Sustainable Mining (TSM) initiative is a globally recognized sustainability program that supports mining companies in managing key environmental and social responsibilities. Mining companies are expected to report regularly on the implementation of each protocol. In addition, their activities will be evaluated by an external auditor every three years. Please visit www.TSMinitiative.com.
The Mining Chamber of Panama is an association that brings together companies of the metallic and non-metallic mining, as well as suppliers of the entire mining sector, and its work since 1990 has been to promote the growth of mining given its existing enormous potential and the important contributions that this sector can make to the sustainable development of the country. Please visit www.camipa.org.
For more information, please contact:
Cynthia Waldmeier, TSM Communications
Phone: 0 11 613 894 2128
Zorel Jaime Morales
Phone: 00 507 393 5338
TSM is an internationally recognized performance-based program whereby mining operations evaluate, manage and publicly report on critical environmental and social responsibilities.
Cynthia Waldmeier, Director of Communications
T: 613.233.9392 ext. 225