SRK Consulting
Climate Impact & Sustainability Data (2020)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Climate Goals & Targets
Environmental Challenges
- Data-disclosure exasperation; mining companies inundated with data requests.
- Greenwashing and unusable data; stakeholders want impacts and risks defined frankly, coupled with evidence of action taken to address these, and data that facilitates comparison between companies.
- Mass of legislation and complexity of permitting have increased in most jurisdictions. Consequences of regulatory breaches are extending beyond fines to suspensions of operations or rescinding of permits.
Mitigation Strategies
- Standard setters are working hard to help. There has been an explosion of new standards and more are in the making.
- Mining companies are piloting the new standards and frameworks, evaluating and polishing their performance, before external validation becomes the norm.
- New compliance enforcement tools are motivating more careful attention to commitments made and conditions incurred in permitting processes, coupled with better tracking of conformance with these.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN Guiding Principles on Business and Human Rights, UN Sustainable Development Goals