The RSA mining industry is experiencing a downturn in the commodity cycle, logistics challenges, and the need for leaner enterprises. Despite these challenges, the sector has shown resilience by managing loadshedding through backup power and shift adjustments and is increasingly embracing green initiatives and ESG goals. However, as the sector adopts new technologies, it faces a skills gap and needs to align its workforce with these changes.
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Just in time!
GRI 14: Mining Sector 2024 will illuminate how mining organizations are balancing two conflicting truths: the essential nature of their role in providing the minerals that modern societies rely on; and the need for accountability on the harm their operations can cause to the environment, communities and workers.
It's with immense pride and gratitude that I reflect on the two-year journey leading to this achievement: launch of the GRI Sector Standard for Mining. It is a groundbreaking effort to bring more transparency and accountability over the impacts of mining on natural environments, local communities, and the hard-working men and women who extract the minerals that shape our worlds.
🌐 Our journey began with a simple yet powerful vision: to create a standard that sets a blueprint for transparency over companies' practices and actions to manage their impacts. To achieve this, we knew we had to engage stakeholders at every level - from industry leaders to local communities, from environmental advocates to policymakers. Consolidating these inputs was not an easy task, but absolutely crucial to get to a point where progress can happen.
💬 What makes our standard truly exceptional is the diverse tapestry of voices it represents. Though what became clear early on was that information users - from investors to customers to civil society to governments to academia - all are after better quality and more granular data. The standard takes major steps forward in this respect, and when used as intended should provide detailed information on local impacts. This does not mean that sustainability reports will blow up to be thousands of pages, but that reporting on focused on those impacts that matter, and where they matter, the most.
🌍As we move forward, our standard will not only guide us towards more sustainable and responsible practices but will also serve as a beacon of hope in our quest for a better, more equitable world. It's a reminder that change is possible, even in the face of immense challenges. We encourage companies to get acquainted with the standard, ask questions from us (webinars will take place at the end of February), and get involved in piloting the standard as early adopters. Investors, NGOs, communities, and other information users, please use the standard to ask questions from companies, about what they're reporting, what they are not reporting, and why.
🙏 Finally, I want to extend my heartfelt gratitude to every stakeholder who lent their voice to this journey. Your passion, insights, and commitment have made this milestone possible. A special thanks to the core #GRI team and Júlia specifically for navigating the sometimes stormy waters with me from the beginning! A big hand to our amazing Working Group members, who generously donated their time, expertise and networks to make bring the standard to life.
If you're in #MiningIndaba, please join our breakfast launch event on Thursday - we have just a few seats left and expect a fantastic discussion with Adam MatthewsClaude KabembaCharlotte NdakorerwaEge TekinbasInga PetersenStephen BullockCharmane RussellLouis Maréchal and Bola Adeeko, F.IoD, ACS.
I look forward to the next steps together towards transformative change! #Sustainability#Collaboration#Impact#GRIStandards
#BizHumanRights News --- The publication of Global Reporting Initiative (GRI)'s new #Mining Sector Standard continues the strengthening of human rights topics within our understanding of what it means to be a truly #sustainable business.
Reporting on human rights impacts (actual and potential) is a fundamentally important way companies can demonstrate their respect for human rights, change culture and behaviour, and lead to positive human rights impacts ----> a truly responsible and sustainable business. I especially want to draw attention to the strengthened coverage of #Conflict and #Security-related sustainability topics in this new Sector Standard. Mining companies often find themselves operating in fragile and conflict-affected areas of the globe --- these are timely and significant steps forward in reporting. Two standout innovations in this domain:
*** For the first time we have a topic on "Conflict-Affected and High-Risk Areas" that asks companies to disclose how they ensure "adherence to #internationalhumanitarianlaw in such areas. This is the specialised laws (complementary but distinct from #humanrights) that apply in conflict-zones.
*** A "Security Practices" topic that asks companies to disclose how they 'prevent or mitigate potential negative impacts from the use of public or private security providers' and if they are implementing the @Voluntary Principles on Security and Human Rights.
Bravo to the GRI and the GSSB for this! And congrats to those who engaged with GRI and advocated along these lines - not least Australian Red Cross, International Committee of the Red Cross - ICRC, DCAF - Geneva Centre for Security Sector Governance, Heartland Initiative, Inc. , RMIT Business and Human Rights Centre and many others!
New disclosure requirements - Yay! Now for implementation ;)
#GRI14#sdg16
The launch of the Global Reporting Initiative (GRI) Mining Standard (#GRI14) marks a significant milestone in addressing the sustainability impacts of the mining sector worldwide. With a focus on transparency and stakeholder demands, this pioneering standard provides a common set of metrics for mining companies to report their impacts effectively. #GRI14 introduces crucial topics previously overlooked, such as #tailingsmanagement, #artisanalandsmallscalemining, and operating in #conflictzones, catering specifically to the unique challenges faced by the industry.
This release comes at a pivotal moment, with increasing scrutiny from policymakers and regulators on #responsiblemineralsupplychains. By incorporating expectations from responsible mining guidance and relevant sector standards, #GRI14 not only facilitates compliance but also ensures robust and comparable reporting, empowering investors and downstream customers to make informed decisions.
#mining#sustainability#reporting#ESG#ASGM#ResponsibleMining
The first global reporting standard to comprehensively address the sustainability impacts of the mining sector, 𝐆𝐑𝐈 𝟏𝟒: 𝐌𝐢𝐧𝐢𝐧𝐠 𝐒𝐞𝐜𝐭𝐨𝐫 𝟐𝟎𝟐𝟒, is now accessible.
1)This Standard meets the demands for transparency from a wide range of stakeholders and provides a universal set of metrics for all mining companies to report their impacts.
2)As part of Global Reporting Initiative (GRI)'s Sector Standard series, the Mining Standard is the fourth edition and has been prioritized based on its significant environmental, economic, and social impacts.
3) Each Sector Standard outlines the sustainability context for a specific sector and identifies the most relevant material topics based on its impacts.
4)In the case of the Mining Standard, it focuses on these impactful areas and presents 𝟐𝟓 𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐭𝐨𝐩𝐢𝐜𝐬 for reporting.
5) Furthermore, it introduces a 𝐬𝐢𝐭𝐞-𝐥𝐞𝐯𝐞𝐥 𝐭𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐦𝐞𝐜𝐡𝐚𝐧𝐢𝐬𝐦 to assess and evaluate local impacts and risks associated with specific minerals.
6) With policymakers and regulators increasingly emphasizing responsible mineral supply for the low-carbon transition, the GRI Mining Standard will assist companies in meeting disclosure and due diligence requirements while enabling stakeholders to gain a comprehensive understanding of impacts, compare across commodities and companies, and track progress over time.
#gri#reporting#sdgs2030#sustainability#sustainabledevelopment#miningindustry#sustainabilityreporting#standards
