Bettercoal Members are coal buyers and the initiative’s ambassadors. They use the results of the Bettercoal Assessments in their due diligence processes and purchasing decisions. This generates a re-enforcing loop of continuous improvement and recognition in the coal supply chain.
and Reporting Obligation (MIRO)
The Members’ Implementation and Reporting Obligations (MIRO) aim to monitor how Bettercoal Regular Members are implementing their obligations and to disclose to stakeholders how Bettercoal is progressing in positively impacting the coal supply chain.
In 2018, the Bettercoal Board of Directors approved a new MIRO scorecard aimed at increasing the level of disclosure to stakeholders on how Members use the data from the Bettercoal Assessment in their due diligence processes and purchasing decisions.
The MIRO is on its third iteration and the definition of a Bettercoal Supplier has evolved. In 2015-2017 this meant a Supplier who has conducted at minimum a self-assessment against the Bettercoal Code. Since 2018, this means a Supplier who has conducted a full Bettercoal Assessment including a Site-Assessment.
Bettercoal Member's proportion of coal purchases out of total volume of coal purchased 2017-2019
For the last three years, the proportion of Bettercoal Coal purchased has steadily increased from 58% of coal purchase in 2017 to 71% in 2019. At the same time, the total volume of coal purchased from Non Bettercoal Suppliers through Direct Contracts has been decreasing in the last three years, as well as its proportion out of the total coal purchased demonstrating our Members commitment to purchasing from Bettercoal Suppliers.