SUPPLY CHAIN
The World Economic Forum highlights the following measures that mining companies can embrace on their sustainability pathways :
• Re-emphasise the journey : Businesses need to have a decisive conversation with stakeholders ( companies , civil society , governments ) about their visions and milestones for a sustainable world .
• Invest in R & D : Mining and metals enterprises must start developing the technologies to operate in a clean , affordable and safe environment in frontiers previously considered inaccessible .
Create transparency Lastly , investments should be made in data and transparency because retailers , consumers , regulators , and investors are increasingly demanding it . In particular , traceability across supply chains poses a challenge .
This makes it all the more important for companies to deal with the sustainability data of their own products right from the start and to develop the corresponding analytical skills .
For successful implementation , the key actors in the individual divisions need to develop both function-specific and overarching measures .
• Define shared value : To prepare for operating in a sustainable world , companies in the sector need to look at what drives value for their customers and the communities in which they operate .
• Rethink multi-stakeholder models : Mining and metals companies can accelerate the transition to a sustainable world by embracing multi-stakeholder models .
• Cultivate the workforce : The skills and capabilities required to operate mining and metals companies in a sustainable world will be different ; this needs to be considered , planned for and developed in advance . miningdigital . com 83