Standard Setting Organisations
The Dragonfly Initiative helps standards-setting organisations, multi-stakeholder initiatives, and industry groups in a wide range of sectors to create credible, effective and efficient systems that provide assurance to stakeholders about the environmental, social and governance performance of producers and suppliers. We work across multiple sectors including raw materials, mining and metals, energy, agriculture, and consumer products.
Members of our team have initiated, participated in, audited against, and currently serve on the governing bodies of over a dozen standard setting organisations. We have completed assignments to review and compare standards used in the extractive industries sector, to develop due diligence tools for supply chain companies, and to build standards for operators and businesses in the precious metals and gemstones sectors. We are currently working with Bettercoal, RBA, CFSI, Equitable Origin and Fairtrade on projects to improve the effectiveness of the assurance systems of these standard setting organisations.
We create value for our clients through providing strategic and technical support on standard setting; due diligence and verification; impact assessment and measurement; credibility and governance; and data management solutions.
The Dragonfly Initiative is one of very few firms that has a comprehensive knowledge of risk and best practices in mining and minerals production and the chain of custody from mine to market, and has the experience to codify that knowledge into standards, certification and assurance frameworks. Their creativity and skill in business consulting means that they never deliver a formulaic product, and always bring a bespoke solution to whatever challenge is presented to them. I cannot recommend TDI more.
-Marieke van der Mijn- Head of Standards and Assurance
Take a look at some TDI projects below
Risk Readiness Assessment
The Standards Comparison has been further developed by TDI into a Risk Readiness Assessment (RRA) that has been piloted with hundreds of entities in the mining and minerals processing supply chain. The RRA enables:
- Supply chain managers to engage their 1st, 2nd and 3rd tier suppliers up to and including mining projects and raise awareness of and encourage the adoption of compliance requirements, and of better and best practices
- Minerals and metals producers and manufacturers to communicate their risk management practices and performance to their downstream customers against a normative benchmark based on existing best-in-class standards
- The identification and reporting of the leading, best-in-class practices among businesses in the mining, minerals and metals supply chain, thereby inspiring a ‘race to the top’ for sustainable business performance
- The Standards Comparison Tool and the RRA are designed to cover all materials and mined commodities and to apply to different businesses along the supply chain. Rather than focus on compliance only, the goal is to recognize good practices where they exist, and to encourage, inspire and lead others to adopt them. The Comparison is relevant to a broad audience, including downstream users, producers and voluntary initiatives’ stakeholders.The Responsible Business Alliance (RBA) has chosen our RRA tool to be used by its members as one of the tools of the Responsible Raw Materials Initiative.
Standards in the Mining and Minerals Sectors: A Benchmarking Analysis of 53 Standards
We continue to lead a two-year initiative that deeply analyses 54 standards in the mining and metals industries to identify the industry norms for 27 key issues. This programme has been tested with 100s of businesses and consultation with its stakeholders is ongoing. The purpose of the Standards Comparison is to:
- Allow supply chain managers to compare relatively and against normative benchmarks the sustainability practices, standards and 3rd party assurance schemes used by businesses in the supply chain;
- Identify which materials and geographies are applicable to the various standards;
- Facilitate the better understanding of sustainability practices between businesses at different points in the supply chain and encourage dialogue to achieve greater sustainability impacts;
- Encourage harmonization of standards between voluntary initiatives.