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SUPPLY CHAIN
“SUSTAINABILITY MUST BE SEEN FOR WHAT IT IS : A TRANSFORMATION OF COMPANY OPERATIONS SPANNING THE ENTIRE SUPPLY CHAIN ”
MCKINSEY & COMPANY
efforts on material ESG topics that are key to the company and stakeholders , while Freeport-McMoRan declares it is “ accelerating the future , responsibly ”, further embedding ESG strategy and commitments into its decision making .
Among the sustainable front-runners is Ivanhoe Mines , which recently published its fifth annual Sustainability Report , highlighting programmes and initiatives as it strives to produce “ the greenest copper ” at its Kamoa-Kakula Copper Joint Venture in the Democratic Republic of Congo , and “ reinvent mining ” with people and communities at its core .
Clearly , then , in 2022 , few – if any – mining companies can afford not to have a sustainable roadmap .
While there is notable overlap between many of the strategic goals , each nonetheless provides a valuable framework , outlining ESG aims and visions in these pressing times of decarbonisation and energy transition .
With corporate transparency now crucial , customers and investors want to know what firms are doing to tackle their own emissions and support broader Sustainable Development Goals – hence the acres of reports .
While sustainability reporting is here to stay , the bigger question is how best to implement sustainability on the ground in a practical and productive manner ?
A recent IBM Institute for Business Value report found that 37 % more CEOs in 2022 rated sustainability a top priority , compared with 2021 – and , yet , 57 % identify unclear ROI and economic benefits as a leading challenge .
While more than 80 % of CEOs said sustainability investments will drive better business results in the next five years , uncertainty persists . miningdigital . com 79