• Phase 0 (3–4 months): Regional scoping and stakeholder mapping; selection of priority jurisdictions, highest-risk topics and overlaps with existing schemes. • Phase 1 (6–9 months): Draft and pilot regional interpretation guidance; define auditor competency profiles and transparency model; run pilots with volunteer sites in at least two sub-regions. • Phase 2 (12–18 months): Scale accreditation; launch grievances/appeals; publish the first regional benchmarking report. • Phase 3: Mutual recognition and alignment with procurement/finance incentives to expand adoption beyond early movers, where equivalence is demonstrable. Evaluation would combine indicators such as: reduction in major non-conformances; timely closure of corrective actions; performance and accessibility of the grievance mechanism; and verified improvements in high-risk areas (e.g., Indigenous Peoples engagement and agreements, contractor management, and security and human rights). 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]. 196
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