Transparency & Knowledge Sharing Policy
Impossible Metals is committed to transparently sharing knowledge and data for the purposes of:
- Increasing the understanding of the environmental values of the ocean;
- Continuously improving technical engineering and organizational practices to ensure the ongoing sustainable use of ocean resources;
- Being held accountable for our performance; and
- Development of capacity in the communities and nations in which we operate.
Impossible Metals acknowledges the objective of Goal 14 of the United Nations Sustainable Development Goals in relation to the sharing of knowledge, and is committed to “increasing scientific knowledge… and developing research capacity in order to improve ocean health and to enhance the contribution of marine biodiversity to the development of developing countries, in particular small island developing States”
Impossible Metals commits to the following objectives in relation to knowledge sharing and transparency:
- All environmental reports, including baseline environmental study reports, modelling reports and operational environmental monitoring reports will be made publicly available on our website;
- We will collaborate with respected institutions and scientists, and encourage independent publishing amongst the scientific community;
- We will share the processes of collaboration we use to ensure that scientific studies inform our project design, operations and monitoring;
- We will use independent peer reviewers to review scientific reports and operational environmental data, and we will publish these peer review findings on our website;
- Where appropriate external standards can be applied to our project (such as the Standards of the Initiative for Responsible Mining Assurance) we will apply those standards, undertake external auditing of our performance against those standards, and publish these audit reports on our website;
- We will report our environmental, social and governance performance to the highest level of transparency, and in collaboration with our stakeholders, to ensure that our reporting data is aligned with the expectations, interests and priorities of our stakeholders.
Impossible Metals acknowledges that a small volume of knowledge and information will remain confidential. This information relates to:
- Intellectual property that is protected by patents, or subject to patent applications or trade secrets;
- Personal and sensitive information related to employees and contractors;
- Raw data or reporting that has not yet been verified or finalized, such as draft resource definition, engineering or environmental reports;
- Correspondence and information that is subject to the confidentiality rules of an external party such as a Stock Exchange or Government body.
Changes to this Policy
This policy is reviewed under Impossible Metals’s mandatory annual policy review schedule and is next due for formal review in December 2023.