Revised standard supports ethically-sourced cobalt

September 6, 2021 EcoVadis ‏‏‎

The Responsible Minerals Initiative (RMI) and the Responsible Cobalt Initiative (RCI) have collaborated to improve cobalt sourcing standards. 

The RMI and RCI have revised the Cobalt Refiner Supply Chain Due Diligence Standard, originally released in 2018, to support companies’ responsible production and sourcing activities within cobalt supply chains.

The revised standard comes after a multi-year review into the process and the results of independent third-party assessments including feedback from refiners, auditors and customers.

Cobalt is an essential material in the construction of batteries for electric vehicles. It is said to be critical for the transition to renewable energy, and cobalt usage is predicted to increase by 60% by 2025. 

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EcoVadis ‏‏‎

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 160+ countries.

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