🌍 ⛏️📊🌱 Redefining Resources: How ESG Standards are Transforming the Mining Industry The escalating significance of ESG considerations in the mining sector is evident, with recent surveys highlighting ESG as both a top risk and opportunity for the industry. Effective management of these concerns is increasingly guided by comprehensive ESG frameworks which provide critical support in navigating the complex landscape influenced by regulatory demands and societal expectations. Notably, frameworks like the Initiative for Responsible Mining Assurance (IRMA), the International Council on Mining and Metals (ICMM), and Towards Sustainable Mining (TSM) offer essential tools for addressing ESG risks and enhancing sustainable performance. These frameworks not only facilitate standardised reporting and compliance but also bolster transparency and stakeholder trust, thereby contributing to long-term value creation. As the industry strives for greater cross-recognition and consolidation of these standards, the path towards unified and streamlined compliance looks promising. Such efforts are instrumental in ensuring that mining practices are both responsible and profitable, aligning with broader sustainability goals. #esg #sustainablemining #miningindustry #sustainability #corporateresponsibility #environmentalImpact #socialgovernance #greenmining #resourcemanagement https://lnkd.in/dm9mZb8Y
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Utilising ESG frameworks can revolutionise the design of new business processes, ensuring sustainability is at the core of innovation. #esg #mining #sustainability #businessInnovation
🌍 ⛏️📊🌱 Redefining Resources: How ESG Standards are Transforming the Mining Industry The escalating significance of ESG considerations in the mining sector is evident, with recent surveys highlighting ESG as both a top risk and opportunity for the industry. Effective management of these concerns is increasingly guided by comprehensive ESG frameworks which provide critical support in navigating the complex landscape influenced by regulatory demands and societal expectations. Notably, frameworks like the Initiative for Responsible Mining Assurance (IRMA), the International Council on Mining and Metals (ICMM), and Towards Sustainable Mining (TSM) offer essential tools for addressing ESG risks and enhancing sustainable performance. These frameworks not only facilitate standardised reporting and compliance but also bolster transparency and stakeholder trust, thereby contributing to long-term value creation. As the industry strives for greater cross-recognition and consolidation of these standards, the path towards unified and streamlined compliance looks promising. Such efforts are instrumental in ensuring that mining practices are both responsible and profitable, aligning with broader sustainability goals. #esg #sustainablemining #miningindustry #sustainability #corporateresponsibility #environmentalImpact #socialgovernance #greenmining #resourcemanagement https://lnkd.in/dm9mZb8Y
Navigating the Main ESG Standards and Frameworks in the Mining Industry | Anthesis Australia
anthesisgroup.com
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"KPMG is certainly seeing an increase in demand for our services around ESG strategy and decarbonization." Heather Cheeseman, Partner and National Mining Leader at KPMG Canada discusses rising demand for ESG and decarbonization services in mining, critical minerals supply chains and workforce development. KPMG #ESGStrategy #Decarbonization #GBR #OntatioMining #CriticalMinerals #SupplyChain #Canada #EnergyTransition #Diversity
GBR - KPMG - Heather Cheeseman
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Mining firms, especially in Australia, are under pressure to achieve net-zero emissions by 2050. Digital transformation and sustainability go hand in hand, aiding in #ESG reporting and operational efficiency. A sustainable IT strategy, including robust monitoring, is crucial for reducing carbon footprint and aligning with ESG goals. By integrating IT monitoring technology, mining companies can lead the charge towards a greener future. Let's measure, manage, and make strides towards sustainability. Read more: https://lnkd.in/g7vSe-R4 Qenta’s Responsible Gold offering encourages best in class ESG practices in the #gold mining sector. The objective is to promote #transparency and #traceability in the gold supply chain to promote economic growth and support ESG practices to achieve #net-zero climate commitments. Read more here: https://lnkd.in/dFangG_3
How can mining companies use IT monitoring as part of their journey towards achieving net-zero - Australian Mining
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'For the third consecutive year, mining executives have identified environmental, social and governance (ESG) issues as one of the key risks facing the industry, according to EY. Released in October of this year, the professional services firm’s “Top 10 business risks and opportunities for mining and metals in 2024” report found that ESG issues are the number one concern for mining executives heading into 2024 for several reasons, not the least of which involves winning over stakeholders and investors. For the report, EY consulted more than 150 mining executives from major mining regions across various roles including sustainability, technology and human resources. Paul Mitchell, EY global mining and metals leader, said in an Oct. 12 press release that mining executives who strengthen their focus on ESG in 2024 will see major business benefits.' https://lnkd.in/ggTuHtAd #esgafricaconference #esg #mining #stakeholders #investors #environmental #social #governance
The top risks and opportunities for mining and metals companies in 2024
magazine.cim.org
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🌐✨ EY's latest report reveals that, for the third year running, mining executives consider environmental, social, and governance (ESG) issues a top industry risk. 📊🔍 Released in October, the "Top 10 Business Risks and Opportunities for Mining and Metals in 2024" underscores ESG as the primary concern for 2024, driven by the need to secure stakeholder and investor support. 🤝💼 With insights from over 150 executives in key roles, EY's study emphasizes that a heightened focus on ESG in 2024 will yield significant business benefits. 🌍💼 #MiningIndustry #ESG #BusinessRisks #EYInsights #conferences #investment #conference #electricity #sustainability
'For the third consecutive year, mining executives have identified environmental, social and governance (ESG) issues as one of the key risks facing the industry, according to EY. Released in October of this year, the professional services firm’s “Top 10 business risks and opportunities for mining and metals in 2024” report found that ESG issues are the number one concern for mining executives heading into 2024 for several reasons, not the least of which involves winning over stakeholders and investors. For the report, EY consulted more than 150 mining executives from major mining regions across various roles including sustainability, technology and human resources. Paul Mitchell, EY global mining and metals leader, said in an Oct. 12 press release that mining executives who strengthen their focus on ESG in 2024 will see major business benefits.' https://lnkd.in/ggTuHtAd #esgafricaconference #esg #mining #stakeholders #investors #environmental #social #governance
The top risks and opportunities for mining and metals companies in 2024
magazine.cim.org
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ESG is not only an important trend in the mining industry, but now a key piece for investors. Learn more on ESG impacts in the article. #mining #ESG #sustainability #NTWIST #miningoperations #ESGtrends #responsiblemining
Mining's Top Ten ESG Trends for 2024 In 2024, a new wave of sustainability and ESG (Environmental, Social, and Governance) trends are set to shape the mining industry. Following the surge in investor scrutiny and regulatory action in 2023, this year (2024) promises to further elevate sustainability performance expectations across the sector. We witnessed a growing emphasis on ESG factors influencing investor narratives and industry practices. ESG issues took the spotlight in key mining risk reports, while community protests and governance challenges highlighted the need for sustainable practices worldwide. Environmental and social issues will remain central in driving industry agendas. To help navigate this complex landscape, here are the top 10 mining ESG trends to read and act on in 2024 : https://shorturl.at/ksxyY NTWIST believes mining technology plays a vital role in driving ESG progress. Tools like ours, can optimize resource utilization, improve safety, and minimize environmental impact. Comment your opinion about the article below. #mining #ESG #sustainability #NTWIST #miningoperations #ESGtrends #responsiblemining
Mining’s top ten ESG trends for 2024 - MINING.COM
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Mining's Top Ten ESG Trends for 2024 In 2024, a new wave of sustainability and ESG (Environmental, Social, and Governance) trends are set to shape the mining industry. Following the surge in investor scrutiny and regulatory action in 2023, this year (2024) promises to further elevate sustainability performance expectations across the sector. We witnessed a growing emphasis on ESG factors influencing investor narratives and industry practices. ESG issues took the spotlight in key mining risk reports, while community protests and governance challenges highlighted the need for sustainable practices worldwide. Environmental and social issues will remain central in driving industry agendas. To help navigate this complex landscape, here are the top 10 mining ESG trends to read and act on in 2024 : https://shorturl.at/ksxyY NTWIST believes mining technology plays a vital role in driving ESG progress. Tools like ours, can optimize resource utilization, improve safety, and minimize environmental impact. Comment your opinion about the article below. #mining #ESG #sustainability #NTWIST #miningoperations #ESGtrends #responsiblemining
Mining’s top ten ESG trends for 2024 - MINING.COM
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ESG compliance is becoming increasingly important for businesses as investors and other stakeholders demand greater accountability around ESG issues. Compliance with ESG requirements provides significant opportunity for mining companies to differentiate themselves by improving their sustainability and reducing the risks associated with ESG issues. By prioritizing ESG practices, mining companies can identify and mitigate risks and build a more resilient business. My article on page 12 of the B&FT published today sheds some light on ESG Compliance in the mining sector. Please read below: #esg compliance #mining https://lnkd.in/dj22bBFV
ESG compliance in the mining sector
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KPMG ’s 2024 Mining Risk Forecast lists environmental obligations as top concern for Australian mining firms, followed by social licence & commodity prices Find out more: https://bit.ly/3TyVwm5 #ESG #Australia #KPMG
KPMG: ESG Chief Worry for Australian Mining Companies
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The panel session on Driving Sustainable Development - Circularity & ESG in Mining at the Invest Africa Mining Series saw panel experts discussing and debating ESG trends specific to Africa’s mining sector, spanning environmental, social and governance considerations. In the realm of ESG matters, the mining industry has shed its long-held label as a contributor to the problem – increasingly seen as a viable source of the solution. A growing body of evidence emphasises ESG’s critical role in ensuring resilience, long-term success, and superior investment returns; companies with robust ESG credentials outperform peers, and the ways in which mining companies position themselves around the energy transition will determine sustainability and competitive advantage in the next decade. Still, a prevailing perception of an inherent trade-off between fostering sustainability and achieving robust business growth persists, often casting ESG-related spending as a cost rather than a strategic investment. These were just some of the issues unpacked by the panel of Bruce Dettling, Mining Broking Leader, Global Broking Centre, Aon (UK), Laura Blanco Toro, Global Head of ESG at Xcalibur Smart Mapping, Ana Hajduka Shields, Founder & CEO of Africa GreenCo, Marie-Chantal Kaninda, President of Glencore DRC, moderated by Ian Massey, Head of Corporate Intelligence, EMEA, S-RM.
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