Environmental Social Governance (ESG) is not a new concept. In fact, it has been part of many industry conversations for years, with some early movers seeing the need for change 10, 15, even 20 years ago. In more recent times the buzz-term ESG has come to be and there has been a growing need to integrate these commitments within central business functions due to the impact of climate change
The mining sector is facing one of the most transformative times in its history. Companies are presented with the opportunity to redefine and reorganize their businesses to create a more environmentally and socially responsible future for the industry. Therefore, to move from promise to action, mining companies must be set up to respond to ESG opportunity, challenges and risks which requires operating models that facilitate accountability, visibility and collaboration between departments along with a clear governance structure.