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New paper ‘Molybdenum profile for supply chain due diligence and responsible sourcing’ published
30/11/2021
Today we are launching 'Molybdenum profile for supply chain due diligence and responsible sourcing', a paper from TDi Sustainability, produced in collaboration with the International Molybdenum Association (IMOA).
The objective of the paper is to provide materials' specifiers, standards-setters such as CopperMark and ResponsibleSteel, steelmakers, manufacturers, and civil society organisations with a clear understanding of the molybdenum supply chain as pertains to environmental, social and governance (ESG) matters. It reports on the ESG implications for industry participants and the current responsible sourcing standards, certifications and initiatives that are applicable to molybdenum.
Assheton Carter, CEO of TDi Sustainability, said: "Given the increasing scrutiny around environmental, social and governance implications of heavy industrial activities, particularly those involving large-scale mining, this paper provides timely and practical guidance on voluntary standards for everyone involved in the molybdenum supply chain. We are pleased to have applied our expertise in responsible sourcing and ESG issues to provide support to organisations across the steel and wider non-ferrous metals industry with their decision-making."
IMOA's Secretary General Eva Model commented: "This paper is an important part of the molybdenum industry's objective to ensure responsible sourcing is embedded across the global supply chain. It reflects the significance the industry places on being open and transparent about the way molybdenum is mined, produced, and used, and on operating responsibly at all these levels. The guidance in this paper will be hugely beneficial in helping the molybdenum supply chain make informed decisions to meet its ESG objectives."
You can access the paper here.
General information for media
IMOA is a non profit trade association, representing the majority of the molybdenum industry worldwide. It works to raise awareness about the unique properties of molybdenum, its beneficial effects on materials performance, its safety in use and its contribution to sustainable development.
Molybdenum is added to alloy steels to improve strength, toughness, hardenability and weldability for numerous applications in the automotive, shipbuilding, construction, mining, chemical, oil & gas and energy generation industries. In stainless steels and superalloys, it improves corrosion resistance and high-temperature performance and finds uses in many industrial applications. It is also used in a variety of products from catalysts and lubricants to pigments and paint.
IMOA has a strict antitrust compliance policy which delegates of all meetings are required to observe. All such meetings are observed by legal counsel.
For more information please email the communications team at media@imoa.info.
For up-to-date information please follow IMOA on Twitter and LinkedIn.
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