Drive Sustainability’s Raw Material Outlook Goes Live
- • The new platform helps users to manage and remediate Human Rights violations and the Environmental, Social, and Governance (ESG) impacts of materials used in the automotive value chain.
- • Raw Material Outlook currently includes Aluminum/Bauxite, Graphite, Iron ore and Steel, Magnesium, Manganese, Molybdenum, Nickel, Rare Earth Elements (REE), Tantalum and Zinc.
- • The platform will be presented at the European SDG Summit 2021 session “Sustainable Aluminum Sourcing in the Automotive Supply Chain” on 12 October at 14:00-15:30 CET
Brussels, 12 October, 2021 – Drive Sustainability, the leading automotive partnership of 11 Original Equipment Manufacturers, has launched Raw Material Outlook, the new platform dedicated to managing and mitigating the Human Rights violations and the ESG impacts of materials used in the automotive value chain. The platform, now live and accessible, covers the following materials: Aluminum/Bauxite, Graphite, Iron ore, Magnesium, Manganese, Molybdenum, Nickel, Rare Earth Elements REE, Tantalum and Zinc. Findings on these materials are publicly available and updated regularly.
CSR Europe, facilitator of Drive Sustainability, will officially present the platform at the virtual European SDG Roundtable “Sustainable Aluminum Sourcing in the Automotive Supply Chain” on 12 October at 14:00-15:30 CET. The event, which takes places in the framework of the European SDG Summit 2021, will bring together representatives of the European Commission, businesses, civil society organisations to:
- – Explore how Raw Material Outlook can be used to nurture dialogue, collaboration, and action in the creation of more sustainable supply chains.
- – Showcase how companies can move from risk-identification to responsible sourcing in the automotive supply chain using the case of aluminium.
People and the environment are the automotive industry’s most important resources. It is of great importance that the individuals making vehicles, components, or providing services are afforded decent working conditions and are treated with dignity and respect, while minimizing the environmental impact of the industry and promoting business integrity.
The platform goes beyond the mere collection and analysis of data and provides intelligence to:
- – Help users aligning with the United Nations’ Guiding Principles on Business and Human Rights and relevant EU policies on the Green Economy and Corporate Governance & Sustainability.
- – Guide Drive Sustainability’s engagement and potential collaborative action with Drive Sustainability partners, suppliers, and other stakeholders.
The Raw Material Outlook uses a value chain approach to identify the most salient impacts and risks, which are assessed following the UN Guiding Principles on Business and Human Rights. The information compiled is the result of an extensive review of secondary data from reports, academic papers, and media articles. The research methodology has also involved industry associations and minerals experts, setting the foundations for broader engagement and dialogue.
The platform – developed by Drive Sustainability in collaboration with Levin Sources – builds up on the Raw Materials Observatory, a standardized process to identify risks, impacts as well opportunities for collective actions, designed by Drive Sustainability in 2018.