Responsible Raw Materials Initiative

What is a risk-based approach when it comes to smelter audits?

The focus of the audit is a risk-based validation approach that the smelter has implemented adequate company-level management processes and due diligence to support responsible mineral procurement per the OECD Guidance. The audit is not expected to determine that material at a smelter is conflict-free but rather that the systems for responsible 3TG sourcing are implemented and functioning as designed. The CFSP audit is not a material certification audit.