RMI and ITSCI launch fundraising campaign
9 June 2020
An ITSCI-RMI campaign for financial support has been launched to ITSCI during the COVID crisis. ITSCI and RMI are asking stakeholders and downstream industry that wish to support ITSCI’s operations during this challenging time to pledge their support by June 30.
ITSCI is urgently seeking support including from donors, international institutions and downstream industry, to maintain its operations during the COVID crisis. COVID is directly affecting the livelihoods, health and long-term outcomes of artisanal and small-scale mining (ASM) communities where ITSCI operates. Over 70 NGOs and civil society organisations have also raised the alarm for immediate and concerted action to support artisanal mining communities and to shore up their resilience in this time of crisis.
“The COVID-19 crisis will be a litmus test for responsible businesses. The leaders will distinguish themselves by supporting suppliers and the most vulnerable in their supply chain for a fairer and more resilient recovery. I commend RMI and ITSCI for launching this pledge and call on all users of metals to join. Urgent steps are necessary to safeguard hard won gains in mineral supply chain and support artisanal mining communities from the potentially devastating impacts of the COVID-19 crisis.” — Tyler Gillard, Head of Sector Projects, OECD Centre for Responsible Business Conduct.
While ITSCI continues to report risks in the supply chain under these circumstances, budget cuts have resulted in a decreased level of field effort – restricting the ability to work with stakeholders to resolve risks. Reduced level of effort by ITSCI teams will add to the due diligence burden on smelters. Further, unresolved issues threaten to increase reputational risks for downstream companies.
Therefore, ITSCI and RMI are reaching out to their key stakeholders to request support for ITSCI’s continued operations, including financial support for up to four months of anticipated disruption. ITSCI will need to raise approximately $1.7 million USD to cover revenue gaps.
Pledged donations can be paid incrementally over a period until the end of the calendar year and will give ITSCI the commitment and certainty needed to closely manage the initiative through the crisis and rebuild activity to a more appropriate level.
Individual contributions can be made in several ways:
- Donations to the RBA Foundation (tax exempt 501(c)3 organization) that will be directed to the 2020 ITSCI Fundraising Campaign
- Donations direct to ITSCI can be made by direct link or contact to email@example.com. The ITSCI team is available to discuss and support specific funder requirements
- Contributions can come from operational budgets, foundation funding, or from government grants
ITSCI and the RMI will transparently report on pledges and donations received during this campaign. Should ITSCI receive funding over $1.7million USD, ITSCI will set-aside those funds for future market downturns.
Over the last decade, ITSCI has provided vital information and support to smelters undergoing RMI RMAP audits. Together, with RMI, improvements have been made to advance 3T due diligence, meet international expectations, and enable downstream companies to source responsibly from high risk areas. ITSCI standards are fully aligned with the OECD Due Diligence Guidance for Responsible Mineral Supply Chains, and ITSCI’s work impacts approximately 80,000 individual miners, whose economic activity indirectly impacts approximately five million people.
Following the RMI, OECD and Civil Society calls to action in support of essential on-the-ground initiatives, ITSCI needs your support to maintain operations. It’s a difficult time for everyone, but by solving this challenge together, we can all promote the recovery of the sector and resiliency of the livelihoods our supply chain depends upon.