Global Business Reports (GBR)’s Post

🌍 ⛏️📊🌱 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

Utilising ESG frameworks can revolutionise the design of new business processes, ensuring sustainability is at the core of innovation. #esg #mining #sustainability #businessInnovation

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 

'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

🌐✨ 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

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 

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

A new Fastmarkets report shows that #ESG-focused Australian miners are facing competition from cheaper producers abroad. With investors placing increasing value on environmental, social and governance (ESG) issues, mining companies are having to choose between maintaining competitive production and promoting ESG principles. That's the topic explored in an August 8 report from Callum Perry, Solomon Cefai, Alice Li and Laura Roberts of Fastmarkets. In it, they outline the conundrum facing Australia's #mining industry and the impact it's having. The report mentions Rio Tinto (ASX:RIO, NYSE:RIO, @LSE:RIO), BHP (ASX: BHP, NYSE: BHP, LSE:BHP) and Fortescue (ASX:FMG,@OTCQX: FSUMF), which have committed to net-zero greenhouse gas emissions by 2050. Rio Tinto is aiming to reduce its emissions by 50 percent by 2030, and BHP has set a target of a 30 percent reduction by the same year. Fortescue has an even more ambitious target of 90 percent. https://lnkd.in/gd2Z_qPs

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.

🌍 Embracing Mining for a Greener Tomorrow 🪙   "In the mining industry, companies often adopt a shortsighted approach to their operations. Their primary focus revolves around identifying and exploiting opportunities that promise immediate economic gains. This limited perspective, however, tends to overlook the broader implications of their actions. Mining extends beyond profit maximization; it plays a crucial role in creating and disseminating wealth that can benefit a wider population. This multifaceted dimension of the industry highlights the pressing need for a more comprehensive and sustainable approach to mining practices. Such an approach should factor in the long-term well-being of both the industry and the communities it touches, contributing to a more equitable and prosperous future for all. This represents the core philosophy I aspire to uphold in my business practices.” - Dana Kallasch, CEO and Co-Founder of Commodity Capital AG   In line with this, BlackRock, the world's largest asset manager, is sounding the alarm in the mining sector. They emphasize the critical role of mining in the green transition and the potential risks of investor reluctance. Read the full article here: https://lnkd.in/emZ9m5Sc   #Sustainability #Investing #Mining #BlackRock