2313 6. EXPECTED RESULTS AND CONTRIBUTION TO THE WMC THEME CMSI-LATAM aims to increase the credibility of standards implementation in LAC by strengthening independent assurance, comparability of evidence and transparency oriented to improvement. By clarifying what “sufficient evidence” looks like in context-sensitive topics and applying consistent quality control, it reduces the risk of uneven audit outcomes and inconsistent corrective action across countries and sites. From a risk perspective, CMSI-LATAM supports earlier detection and structured closure of material gaps—particularly those that often drive escalation (e.g., weak grievance handling, insufficient traceability in high-risk supply chains, or inconsistent practices across contractors). Time-bound improvement plans and a regional grievances/appeals channel create clearer consequences for persistent non-conformance and stronger confidence for external stakeholders. Aligned with the WMC challenge, CMSI-LATAM contributes to: (i) Faster delivery, by reducing uncertainty and transaction costs linked to fragmented signals and by limiting delays associated with unmanaged social and governance risks; (ii) Smarter delivery, through regional benchmarking, shared learning and clearer prioritization of controls; and (iii) More responsible delivery, by strengthening the integrity of assurance, the effectiveness of remedies and the credibility of public reporting. REFERENCES Association of Mining of Colombia (ACM). (n.d.). About ACM [Website]. Inter-American Development Bank (IDB). (n.d.). Citizen security in Latin America and the Caribbean [Website]. Chamber of Mining of Ecuador. (n.d.). What we do [Website]. Economic Commission for Latin America and the Caribbean (ECLAC). (2025). Social Panorama of Latin America and the Caribbean 2025: Social protection in the face of demographic change (launch presentation). Global Tailings Review. (2020). Global Industry Standard on Tailings Management (GISTM). Global Tailings Management Institute (GTMI). (n.d.). About [Website]. International Energy Agency (IEA). (2021). The Role of Critical Minerals in Clean Energy Transitions. International Finance Corporation (IFC). (2012). Performance Standards on Environmental and Social Sustainability. International Council on Mining and Metals (ICMM). (2022). Mining Principles: Performance Expectations. Initiative for Responsible Mining Assurance (IRMA). (n.d.). Audits / Assessment results [Website]. Mining Association of Canada (MAC). (2019). Brazil adopts Canada’s Towards Sustainable Mining initiative (Press release, September 9, 2019). Mining Association of Canada (MAC). (2023). Argentina adopts Canada’s Towards Sustainable Mining initiative (Press release). Mining Standard Initiative. (2025). CMSI publishes governance model [Website].
RkJQdWJsaXNoZXIy MTM0Mzk2