Sustainability working group

Develop resources and foster collaboration on operationalizing sustainability, which refers to the process of making sustainability practical, implemented, measurable, technically applied, and integrated throughout operations.

About the Sustainability Working Group working group

This Working Group aims to develop resources and foster collaboration on operationalizing sustainability, which refers to the process of making sustainability practical, implemented, measurable, technically applied, and integrated throughout operations. This group will focus on addressing a range of topics with a focus on best practices, guidance, strategies, and tools to enable incremental and short-term practical changes that will help to create more sustainable operations.

Industry need

Many companies have committed to significant sustainability goals (e.g., “net-zero by 2050”) and many initiatives exist already that cover policy, advocacy, corporate social responsibility, and corporate strategy. However, steps also need to be taken now in daily operations to meet long-term goals, and the industry has identified a need to collaboratively address the ways in which sustainability can be operationalized now and in the near future.

The topic of sustainability is a particular challenge within mining due to the cyclical nature of the industry, high equipment costs, lack of clear implementation case studies, perceptions of risk, and reluctance to fund innovation and short payback periods. As regulators and governments also become more aware of environmental and sustainability issues, minimizing our impact will become an important factor in our social license to operate and protecting our future. Strong sustainability practices also have the potential to reduce long-term costs and will help build a positive image for the industry as a whole.

Active Projects

2023 Focuses

Advancing Carbon Net Zero

Climate risks and actions are on top of the corporate agenda and an energy intensive industry like mining is heavily impacted. In addition, the demand for critical minerals and metals to fuel the energy transition means more responsible mining and mineral processing is necessary.

The mining sector needs to collaborate, implement, and invest in a portfolio of decarbonization options for scope 1, 2, and 3 emissions. The pathways include emissions reduction, switching from fossil fuel to clean fuel, green/clean/renewable/nuclear energy generation, and remove and sequester carbon.

As well, the industry has the opportunity to “do it right” with equitable transition in mind and needs to innovate in adopting new mine design and mineral processing technologies, accelerating novel technology adoption, and demonstrating/tracking results.

We will deliver this workstream in support of the following focus areas:
• addressing and implementing low carbon energy source for electricity and for fuel
• testing and adopting novel/new technology with high impacts (full spectrum of options, such as efficiency, alternative energy, and carbon reduction)
• enabling and supporting relevant carbon capture, storage, and utilization projects
• initiating low carbon mine design and mineral processing opportunities
• carbon data monitoring, tracking, and KPIs
• incorporating holistic approach and equitable transition

Promoting Circularity in Resources

In a world that is subject to increasing climate change risks, finite waste disposal areas and decreasing biodiversity values each year, it is critical for the sustainability of the world that we adapt our approach to resources and mining to ensure we are as efficient as possible with the resources we interact with
(inclusive of those that we mine and manufacture, to the ones that we depend on such as water).

Shifting away from the traditional ‘linear’ mindset (take, make, dispose) and towards a more ‘circular’ way of thinking will be a key enabler, and has the potential to create significant value for both the resources sector and the communities and ecosystems that surround our operations.

Broader than just waste management, applying the ‘Circular Economy’ methodology has the ability to promote cross-sector and supply network collaboration, reduce our emissions, increase efficient use of natural resources (energy, water & materials), and most importantly support strengthening of local economies through commercial development and jobs…whilst at the same time reducing our impact on the environment and associated closure liability.

We will deliver this workstream with a focus on:
• sharing case studies and engaging with SMEs to broaden awareness and understanding of CE, and its application within the sector.
• promoting improved cross-section collaboration
• supporting the developing of technologies and initiatives that promote designing out process waste and reducing our water consumption.

Taking Nature - Positive Action

From an ESG and investor perspective, there has been increasing recognition of this issue. particularly within the mining and metals sector, which has resulted in rising expectations for businesses to be more transparent in relation to biodiversity risk management and natural capital reporting and importantly, taking collective action to halt and reverse the trend.

This shift in focus has led to the development of the Taskforce for Nature Related Financial Disclosures (TNFD) which is aimed at enabling a shift in global financial flow aware from nature negative outcomes towards nature positive outcomes. The framework is expected to be refined through 2022 with an expected ‘go-live’ date on late 2023.

As in industry, there is still a relatively low level of understanding, maturity and consistency in relation to a number of key foundational elements related to biodiversity risk management and natural capital accounting and as such,
it is seen as critical that the working group works to address this knowledge gap and support member companies to strengthen their approach to biodiversity through a focus on:

• understanding and application of the biodiversity
mitigation hierarchy, promoting sharing of case studies
and practical worked examples across our member
companies.
• development of support materials in relation to natural
capital accounting and assessment framework, and their
application to the mining and metals sectors – including
potential piloting opportunities.

Sustainability updates

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