Responsible Mica Initiative Publishes Landmark Reports Defining Fair Mica Worker Incomes and Wages in India and Concluding Negligible Impact on Costs to Consumers
Retrieved on:
Friday, April 28, 2023
The Responsible Mica Initiative (RMI) is excited to announce the publication of two landmark reports that demonstrate that whilst the barriers on paying fair incomes or wages for mica workers in India are still high the cost impact on finished goods using mica will be minimal.
Key Points:
- The Responsible Mica Initiative (RMI) is excited to announce the publication of two landmark reports that demonstrate that whilst the barriers on paying fair incomes or wages for mica workers in India are still high the cost impact on finished goods using mica will be minimal.
- The findings are key to advancing RMI’s mission to establish a fair, responsible, and sustainable mica supply chain that is free of child labor.
- BASIC assessed the economic impact of higher raw material prices on costs along the downstream supply chain all the way to end-market consumers.
- To provide key findings of the two full reports, RMI prepared both an Executive Summary and a Consolidated Overview of both reports: “Establishing fair Mica Worker Incomes and Wages in India and the Negligible Impact on Costs to Consumers” which accompany this release.