Page "Mining" Paragraph 55

For major mining companies, and any company seeking international financing, there are however a number of other mechanisms to enforce good environmental standards.

These generally relate to financing standards such as Equator Principles, IFC environmental standards, and criteria for Socially responsible investing.

Mining companies have used this financial industry oversight to argue for some level of self-policing.

In 1992 a Draft Code of Conduct for Transnational Corporations was proposed at the Rio Earth Summit by the UN Centre for Transnational Corporations ( UNCTC ), but the Business Council for Sustainable Development ( BCSD ) together with the International Chamber of Commerce ( ICC ) argued successfully for self-regulation instead.