AUDIT FUND FOR RMAP PARTICIPATING SMELTERS AND REFINERS
The Audit Fund is designed to encourage RMAP-eligible smelters and refiners (SORs) to undergo an independent third-party assessment. The Audit Fund offers SORs an incentive for participating in the RMAP by fully paying for the costs of their initial audit and supporting needs-based re-assessments.
RMI member companies that voluntarily provide financial support to the Audit Fund are cost-sharing the financial costs of upstream due diligence with their supply chain partners.
Our thanks to the following members who have contributed to the fund since 2013:
|Hewlett Packard Enterprise
Founding companies are labeled with an asterisk (*)
To be eligible for use of the funds, SORs must first meet the RMAP eligibility requirements. Once determined to be eligible for the audit, the SOR must not have undergone a previous RMAP assessment, must have demonstrated its commitment to participating in the RMAP by signing the Auditee Agreement and Agreement for Exchange of Confidential Information, and must have submitted the Pre-Audit Checklist and Line Item Summary to RMI staff in a timely manner. The Fund can be applied to multiple facilities under a single SOR so long as it is each facility’s first assessment. Furthermore, to encourage RMAP participation among as many companies as possible, each SOR is only eligible for one incentive for each metal for which it is undergoing the assessment.
The Audit Fund also supports the cost of re-assessment for SORs that are already participating (active or conformant) in the RMAP for which the cost of re-assessment may be burdensome. Interested parties must demonstrate that the total material processed over the last 12-month period is less than or equal to the following:
- Sn: <60,000 kg
- Co: <40,000 kg
- Ta: <10,000 kg
- Au: <1,000 kg
- W: TBC
The SOR also has to meet the definition of a Small or Medium Enterprise (SME):
Balance sheet total
≤ 50 m
≤ 43 m
≤ 10 m
≤ 10 m
≤ 2 m
≤ 2 m
An application form and supporting documentation in the form of a mass balance for the previous 12-month period up to one month before application will be required. If the RMI finds that the SOR meets these criteria RMI will cover 75% of the cost of the assessment. The SOR will be responsible for the remaining 25% of the assessment cost. Funds are only eligible for the on-site assessment and not for CAP implementation review (either on-site or desktop).
*If the Audit Fund falls below a pre-established threshold, then funds will be reserved for assessments of Tin, Tantalum, Tungsten and Gold. RMI members and the RMI Steering Committee will be notified if the Audit Fund approaches this threshold and applicants will be updated accordingly.
Audit Fund Donations
RMI members interested in contributing to the Audit Fund should contact Maggie Gabos. Donations are tax deductible and can be made via check or wire transfer. Contributing companies will recognized on the RMI website. Please note, the Foundation deducts 2% of the donation for operational costs.
UPSTREAM DUE DILIGENCE SMELTER FUND
Smelters and refiners (SORs) participating in RMAP sourcing from Conflict-Affected and High-Risk Areas (CAHRAs) have several due diligence requirements, one of which is to conduct on-the-ground assessments. For the DRC and some of the adjoining countries, upstream assurance mechanisms exist (e.g., iTSCi and Better Mining) to reduce the burden on companies to conduct these activities by themselves. However, for newly identified CAHRAs, no upstream assurance mechanisms exist. This means the SORs must take individual responsibility to gather this information, placing a significant burden on them to expend resources and time to conduct upstream due diligence independently. The burden is so great that it risks being an impediment to sourcing from those CAHRAs in a manner that could be of great economic development value for the local communities. Moreover, SORs often lack the expertise to conduct conflict/human rights assessments.
RMI member companies that provide financial support to the Upstream Due Diligence Fund are cost-sharing the financial costs of upstream due diligence with their supply chain partners. Our thanks to the following members who have contributed to the fund since 2019:
Founding companies are labeled with an asterisk (*):
|Axalta Coating Systems*
|Fiat Chrysler Automobiles*
|Hewlett Packard Enterprise*
Entities must apply for use of the fund to support one (or more) of the following activities:
- Smelters and refiners independently conducting due diligence on their upstream supply chains either themselves or with a consultant.
- Local suppliers of smelters and refiners to conduct assessments themselves.
- Local communities from which smelter and refiners source to build capacity to conduct the assessments and ongoing mine site monitoring.
- Financial assistance to industry associations, educational organizations, or other not-for-profits who are looking to develop or expand upstream assurance mechanisms into CAHRAs more broadly
- Upstream Assurance Mechanisms (UAMs) recognized by RMI that need to undergo a reassessment for recognition
- Upstream Assurance Mechanisms (UAMs) recognized by RMI that request funding for specific initiatives (such as support for expansion to new minerals, continuity during COVID-19, etc.).
Smelters and refiners must first meet the RMAP eligibility requirements to be eligible for the Upstream Due Diligence Fund. Entities may only apply once per year.
Upstream Due Diligence Fund Donations
RMI members interested in contributing to the Upstream Due Diligence Fund should contact Maggie Gabos. Donations are tax deductible and can be made via check or wire transfer. Contributing companies will recognized on the RMI website. Please note, the Foundation deducts 2% of the donation for operational costs.
RMI SPECIAL PROJECTS FUND
RMI wants to ensure that it can support initiatives and causes that are core to its mission and values. Starting in 2022, RMI encourages organizations to apply for funding for special projects in the four categories below:
- Child Labor/Community Engagement
- Awareness Raising
- Special Projects (e.g., pilots, research projects, etc.)
Entities can apply for funding between July 1-August 31st each year. Funding will be provided for the following calendar year. RMI members that commit to funding will select up to four projects each year to receive funding in each of the categories above.
Entities must apply for use of the fund and indicate which category the project/ initiative falls under. Entities must agree to the terms and conditions set forth by RMI, including that project deliverables such as progress reports and final reports be shared with all RMI member companies donating to the project.
RMI Special Projects Fund Donations
RMI members interested in contributing to the RMI Special Projects Fund should contact Alexandra Cech. Donations are tax deductible and can be made via check or wire transfer. Contributing companies will recognized on the RMI website. Please note, the Foundation deducts 2% of the donation for operational costs.