Vera Owusu Osei’s Post

At a recent ESG in Mining webinar hosted by Creamer Media, SRK Consulting partner Wouter Jordaan emphasised that some companies fully integrate ESG considerations into all their decisions and operations. He noted that mining companies are recognising the benefits of proactively addressing ESG-related risks, adding that technology can help predict these risks as well as ensure transparency and accountability around stated ESG commitments. Read more here. #esgstrategies #evolution #miningvaluechain #miningcompanies #shareholderactivism #investorconfidence #regulatoryframeworks 

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

🌍 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

🌍 ⛏️📊🌱 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

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 

[NEWS]: The mining industry’s consistent focus on environmental, social, and governance (ESG) risks, once again a central theme at the Investing in African Mining Indaba, heightened the complexity in evaluating both mineral assets and the companies themselves. Business models within the mining sector have indeed undergone transformation, shifting from a focus on ESG ‘risk mitigation’ to …

'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

The general perception that mining is a "dirty" business has caused a lot of institutional money to abandon the sector lest they fall afoul of certain new ESG criteria. The fact remains that everything in the man built environment is either grown or mined and that any hope of decarbonizing ironically requires increased mining. There is a footprint with any activity, the goal should be to minimize impact while maximizing economic utility.

🔗 New Case Study published on our website: Sustainability Standards Strategy for a Leading Mining Multinational 📑 Over the past two decades, responsible mining standards have emerged as a key mechanism to mitigate risks linked to the minerals extraction, processing and trade and promote good practice in the minerals value chain - and the mining industry has faced growing pressure from a variety of stakeholders including governments, customers, investors and civil society. ✔ In 2022, a leading mining multinational sought RCS support to develop a standards alignment strategy that took into account their unique set of circumstances to address the significant financial and reputational costs that an incoherent and uncoordinated approach could have inflicted. 🔎 Read more about the Challenge, RCS's Solution and the positive Impact our services brought for the client: https://lnkd.in/eX3hhiMb #ESG #Mining #Sustainability #ResponsibleSourcing #SustainabilityRoadmap