Transition from CSR to ESG in the Mining Sector (English/French)
During the commodity super cycle, when China’s urbanisation was in full swing, and all commodity prices were on the rise, the concept of CSR was of little to no real importance to much of the community. The CSR section on mining websites was more of a necessity with a hope of doing the right thing, rather than a vital requirement to be actually doing the right thing. Fast forward to today and the topic has become a major component for any mining company strategy.
Environmental issues have been hitting headlines of the mainstream media more and more in recent years. Most recently fires and deforestation in the Amazon, where 1330 square miles has been burnt or felled since January 2019. There has also been the anti-plastic movement to protect the oceans.
These causes are supported strongly by millennials, the oldest of which is now not far off 40 years old. Their outlook on lifestyle, morality, and investment perspective relate more and more with ESG policy than earnings before interest, tax, depreciation and amortization (EBITDA).
The rebalancing act for an extractive company, is to change its strategy to become more ESG friendly, or at least communicate an existing programme.
A drive to meet ESG investment targets should in theory have a positive impact on the mining
industry. However, as evidenced by the ongoing Exxon security fraud case in the US, as ESG
targets rise, so does accountability. While this case hinges on the price of carbon emissions,
climate costs and the forecasting of future policy impacts, it acts as a reminder that with growing
pressure for the mining industry to be responsible ESG players, companies need to be both
ambitious and realistic about what they can deliver and build an ESG strategy that works for their
In any case, with various factors pushing and pulling mining companies to be more engaged in
ESG, in order to stay competitive in the market mining companies will have to pay more attention
to this going forward and ensure that they have a sufficient strategy in place to meet relevant
laws, comply with codes and indeed satisfy stakeholders.
Understanding Corporate Social Responsibility (CSR) and environmental sustainability as a strategic tool
Learn what are companies in mining and oil and gas industries reporting?
How are companies reporting?
Get familiar with current reporting practises of mining and oil and gas companies and what can be derived? Are there any shortcomings?
Community engagement & meeting and managing community expectations
Strategic approaches to community and stakeholder engagement
CSR frameworks: strategic, systematic and sustainable
Environmental, Social and Governance (ESG) considerations for the mining sector: reporting obligations and investor expectations
Who should attend?
Investor Relations Managers
Government Relations Managers
Business Development Managers
Early Fee: USD 995
Standard Fee: USD 1,395