Toronto, Ontario--(Newsfile Corp. - November 26, 2013) - In late August 2013, together with their event sponsors Fasken Martineau and Scotiabank, MacCormick IMC, a Toronto-based management consultancy dedicated to Corporate Social Responsibility (CSR) in the mining industry, launched Canada’s first index of socially responsible junior mining companies at the law offices of Fasken Martineau. The index launch event, held at Fasken Martineau’s 333 Bay Street offices, hosted nearly 100 guests with representation from junior, mid-tier and major mining companies, financers, law firms, NGOs, chambers of commerce, industry associations, and government officials. The index was then also launched in September in Vancouver and London UK with similar turnout and audiences.
The report analyzes the correlation between financial outperformance and best practice implementation of CSR it was developed to demonstrate the business case for companies communicating and substantiating their ability to meet their social commitments. MacCormick has set out to quantify the social performance of junior mining companies and set a standard of social responsibility for the industry.
The index analyzes the top 100 junior miners based on market capitalization, according to PricewaterhouseCoopers’ annual Junior Mine report, and showcases 20 of Toronto’s Venture Exchange junior mining companies that are excelling in CSR. Through the financial analysis of 11 different data points, the MacCormick index shows how these companies are financially outperforming their peers as a result of their CSR efforts.
To view MacCormick’s recent coverage on The Quantification of Social Performance published in The Canadian Business Journal, please visit: http://www.cbj.ca/EMAG/2013/Oct/CBJ.php#66
About MacCormick
MacCormick International Mining Consultancy is a management consulting firm established in 2009, headquartered in Toronto, Canada, and dedicated to social responsibility in the mining sector.
Our tools and processes are designed to guide the implementation of social due diligence for mining projects - from collecting and analysing social baseline data; to assessing social risk; to engagement planning; to developing, training, and evaluating of social management systems; and finally to reporting on social impact.
Our consultants and advisors have over 100 years of combined experience in socio-economics, governance, international development, communications, finance and human resources. Our global network is in the hundreds of thousands and we are led by a panel of industry experts committed to solving the challenges the mining industry faces each day.
For more information about the index or to request a copy of the index please contact:
Bonnie Lyn de Bartok
Founder & CEO
416.304.9790 x. 2000 info@maccormickimc.com
Source: MacCormick IMC