Extraction and primary processing of metals and minerals are responsible for 26% of global carbon emissions. By nature, mining depletes natural resources and has a significant impact on surrounding ecosystems. However, metals and minerals will play an important role in the global transition to a greener future.
Companies must work to reduce their greenhouse gas (GHG) emissions, reduce their mining environmental impact, and mitigate risks. Comprehensive strategies for positive environmental management target energy consumed, equipment used, and the systems in place for impact mitigation.
Leading miners in ESG
Mining executives have a choice: let ESG run them out of business or use it as an opportunity to become tomorrow’s leader. Companies need to act immediately and decisively to make this a reality, outlining a comprehensive ESG action plan and creating a dedicated sustainability team to deliver the goals of sustainability in the mining industry.
Leading adopters include Fortescue Metals, Anglo American, BHP, Newcrest, Newmont and Gold Fields.
Discover the leading ESG companies in mining
Using its experience in the sector, Mining Technology has listed some of the leading companies providing products and services related to ESG.
The information provided in the download document is drafted for mining executives and technology leaders involved in ESG mining solutions.
The download contains detailed information on suppliers and their product offerings, alongside contact details to aid purchase or hiring decisions.
Amongst the leading suppliers are SRK Consulting, Golder Associates, MBS Environmental, AECOM, WSP and Knight Piesold.
Future of ESG and sustainability in the mining industry
The mining environmental impact is wide-reaching, impacting climate change, pollution, biodiversity, and natural resources alike. Several frameworks and certifications can be followed or used as blueprints for minimising environmental impact.
Mining companies that demonstrate their capabilities or willingness to adhere to these frameworks and deliver sustainably are best positioned to benefit as the demand for sustainable supply chains increases. Early engagement with all stakeholders, including employees, shareholders, and local communities, is key for mining companies to excel at ESG.
Frequently asked questions
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What is ESG in the mining industry?
ESG (Environmental, Social, and Governance) in mining focuses on reducing environmental impact, improving social responsibility, and ensuring transparent governance. Mining companies must reduce carbon emissions, manage water usage, protect biodiversity, and engage with local communities.
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Why is ESG critical for the future of mining?
Adopting strong ESG practices is essential for mining companies to maintain their social license to operate, attract investment, and meet regulatory requirements. It also helps to mitigate risks related to environmental damage and social unrest.
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How does ESG help reduce environmental impacts in mining?
ESG strategies include implementing energy-efficient technologies, reducing greenhouse gas emissions, managing waste, and restoring ecosystems post-mining. These efforts contribute to the industry’s sustainability and compliance with global environmental standards.
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What role do stakeholders play in mining ESG practices?
Stakeholders, including local communities, governments, investors, and employees, are crucial in shaping ESG practices. Engagement and transparent communication with stakeholders help ensure sustainable and socially responsible mining operations.
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Which companies are leading in ESG practices in mining?
Major players such as Fortescue Metals, Anglo American, BHP, and Newmont are recognised for their advanced ESG initiatives, focusing on reducing their carbon footprints and supporting local communities while maintaining strong governance frameworks.
