ESG in Mining
How does ESG apply to the mining industry?
Environmental, social and governance (ESG) is a term used by socially conscious investors to evaluate corporate behaviour and non-financial performance indicators which include approaches to sustainable, ethical and corporate governance issues. Due to the very nature of the metals and mining industry, ESG has long been a focus for governments, NGOs, industry bodies and wider society concerned by the environmental and social impacts of the extractives sector. Over recent years, these concerns have led to the introduction of wide-reaching and robust ESG-focused regulations, codes and principles that mining companies are now obliged and expected to observe.
Examples of ESG-focused principles
The International Council on Mining and Metals (ICMM) is an international organisation focused on a safe, fair, and sustainable mining industry. ICMM developed 10 Mining Principles that their 27 member companies must meet for membership. These principles help investors access information on how companies manage environmental, social, and governance (ESG) issues. To demonstrate their ESG commitment, companies must adopt best practices and procedures. They must also enhance their monitoring and reporting. Additionally, they need to factor ESG considerations into their strategic decision-making.
How to uphold & visually demonstrate your commitment to ESG
K2fly supports resource and energy teams globally with Rehabilitation and Closure and improves safety and reduces risk for Tailings Storage Facility monitoring. Our solution empowers clients to uphold and demonstrate their commitment to ESG and the ICMM Mining Principles. We built our solution to meet industry best practices and compliance requirements, such as the Investor Mining and Tailings Safety Initiative, the Global Tailings Portal, and ICMM. K2fly’s tailings management provides key data and insights to help you easily showcase your company’s commitment to ESG.
Key benefits of K2fly’s ESG Capabilities
- Visually demonstrate your commitment to ESG & ICMM’s Mining Principles with our geospatial map, environmental monitoring, compliance, tailings, and stakeholder tools
- Adhere to best practice and meet the requirements of ICMM, Global Tailings Portal, PRI, UNEP, and Church of England Pensions Board
- Protect World Heritage Sites and legally designated areas by mapping disturbance and non-disturbance areas on the geospatial map
- Establish, monitor and measure mine closure completion criteria over time as well as manage and track disturbance and rehabilitation planning targets against delivery
- Uphold and ensure compliance by capturing important obligation information, and address and manage key deliverables
- Drive effective environmental monitoring to help minimise the environmental footprint of large-scale projects
- Access and visualise advanced satellite imagery and analysis to demonstrate pre and post project performance
- Identify, track and report on stakeholder profiles and important stakeholder metrics, including the ability to highlight trends in stakeholder sentiments and themes, and assign related actions to team members
- Drive proactive tailings management with our comprehensive and functionally rich Tailings solution
Would you like to know more?
- Mine rehabilitation and closure
- What are some key challenges facing mine rehabilitation and closure?
- How much does mine rehabilitation cost?
- What are the advancements in mine rehabilitation technology?
- What are some best practice mine rehabilitation methods?
- How to take a macro and micro approach to mine rehabilitation
- What is CRC-TiME?
- How to become an industry leader in mine rehabilitation
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