Principles and Objectives
There has been some form of the Cobalt Institute in existence since 1957. Formed in 1982, the present Institute is a non-profit global association comprised of producers, users and traders of cobalt with the objectives to:
- Promote the sustainable and responsible production and use of cobalt in all its forms.
- Represent the voice of the cobalt industry on all issues related to cobalt including health, safety and environment, sustainability and responsible sourcing, among others.
- Promote co-operation between all stakeholders, especially on issues of the human health, sustainability and responsible sourcing.
- Provide a mechanism for the development and dissemination of independent information concerning cobalt resources and the sustainable and responsible production and use of cobalt in all its forms.
With the International Council on Mining and Metals ICMM values and the Cobalt Institute objectives in mind, we strive to achieve high standards in our sector as exemplified by our 7-Guiding Principles:
- Maintain high ethical standards in all aspects of work.
- Operate with high standards of social responsibility.
- Encourage the implementation of robust internal reporting structures to ensure transparent and sustainable operating practices.
- Work with Regulators and Legislators to communicate the latest science data, ensure it is appropriately applied and encompass best practices regarding any intrinsic hazards and risk management principle.
- Continue to develop and disseminate scientific information on cobalt to ensure the fullest understanding of cobalt in the context of human health, safety & environment.
- Work to promote and develop the production and uses for cobalt in a responsible and sustainable way.
- Encourage the Guiding Principles of cobalt to be used throughout the life cycle.