The Finnish mining sector advances sustainability through collaboration and by aligning its practices with internationally recognized industry standards. The sector’s shared framework is the TSM standard, which is an internationally respected and voluntary performance system designed to support responsible mining. Guided by the principle of continuous improvement, TSM helps mining companies strengthen the sustainability of their operations while managing and reducing key environmental and social risks.
Benefits
Local communities:
The purpose of the TSM standard is to encourage the mining sector to adopt increasingly responsible practices. TSM provides mining companies with practical improvement tools that help them understand and respond to the needs and expectations of local communities throughout every stage of the mining life cycle, from exploration to closure. All TSM assessments are carried out at the facility level, directly where mining takes place. The reported results give local communities and other stakeholders a detailed view of each site’s sustainability performance.
Investors:
TSM enhances transparency and helps to ensure that the mining companies follow more responsible operating practices. Because TSM includes independent verification, it provides investors with credible information that supports the evaluation of a company’s sustainability performance and the assessment of operational and ESG related risks.
Customers:
For customers, the TSM standard offers a clear and transparent view of mining practices and performance. This strengthens confidence in the integrity and openness of supply chains and supports responsible sourcing expectations.
Companies:
TSM supports mining companies in identifying and managing environmental and social risks. The standard brings together industry guidance and expectations for good practice, while the independent verification process strengthens credibility, supports comparability across operations, and helps companies prioritise actions to improve risk management and overall performance.