Adapting to Environmental, Social, and Governance (ESG) risks is not new to mining. For mining companies, the need to meet new benchmarks for their ESG considerations has become crucial in the eyes of investors, the public and other key stakeholders. As a result, Boards, Senior Management, and Site Teams need to be taking these issues seriously and gain an understanding of how to address these risks.
A robust understanding of and action plan for ESG governance gives companies a competitive advantage, when it comes to complying with new and evolving legislation around their environmental impact and social licences to operate, dealing with investors and accessing debt.