Increasingly, mining companies must commit to improving their environmental performance and accountability. The Towards Sustainable Mining framework is being adopted by mining companies around the world and viewed by many as a bridge to achieving an ESG rating. TSM arrives in Australia in 2025, and we assess why data capture is essential to prove performance and identify areas for improvement.
Mining companies are investing considerable resources in driving performance to improve their ESG outcomes, which is strongly connected to the market value of the business. We learn more about the weightings for ESG scoring, how crisis management capability needs prioritising, and the importance of datasets.
Stakeholder management is integral to an effective crisis response, with the reputation of a business at risk if they deploy the wrong approach. To their detriment, some major mining operators have had their reputations sullied by underestimating the importance of developing robust stakeholder management and communications plans. Identifying, assessing and prioritising stakeholders is just as important as identifying the appropriate means and timeliness of communication with them. We discuss the most effective strategies for handling stakeholders and the potential risks involved.
When Covid-19 emerged late in 2019, it forced organisations to review and enhance their pandemic response plans to take the appropriate and critical action in ensuring that their people and operations are protected. As we progress past the 30-month mark of the pandemic, the response has shifted to recovery and back a number of times. We assess what’s changed in the mining industry.
Digital resilience programs allow multiple events to be managed at once, keeping business leaders informed and allowing for timely deployment of resources and prioritisation planning of a response. In this article, we highlight the ways Dynamiq enables operational resilience for the mining industry through their EMQnet platform, which delivers business continuity even when dealing with multiple events, especially protracted events, simultaneously.
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Data is vital for informing decision-making in mining operations and accurate information must be shared between key personnel without delay. Collecting unnecessary data can slow this process down. Dynamiq’s digital resilience platform, EMQnet, allows operators to capture important data, benefiting both internal and external stakeholders. This improves crisis event response, creating continuous operational improvements, and greater transparency for regulators and investors over time.
The pandemic has led to a global shift towards remote working and the use of cloud-based technology to lead, manage and train teams. This also has implications for mining teams that have responded to significant events, with bad practices and inadequate systems brutally exposed due to skill fade. We learn about the successful organisations that have adopted and proven technology-based business resilience programs, and examine why the right leadership is vital for this.
Implementing a standard approach to business resilience across an organisation has many benefits. Standardisation helps to unify scarce resources and simplifies program implementation and maintenance. It also enhances cooperation between teams, regions, and organisations. Technology can assist in aligning an organisation-wide capability. This reduces the number of people-hours required to manage the program, with instant access to real-time event data and capability status details.
Strengthening sustainability ratings is a key objective for mining companies. Operators need to demonstrate their capability through data to gain the support of key stakeholders. Building and maintaining a business resilience program is essential for this. We learn how to improve an ESG rating and the benefits of a business resilience program.
It’s an old business adage but “we only value what we measure”. Measuring the return on investment (ROI) for a business resilience program is notoriously complicated. Firstly, it is important to highlight that the investment is sound and yet this can be difficult to demonstrate without the necessary data. Technology has multiple benefits in both enabling the program and capturing data that demonstrates the value that can then inform future investment and assure key stakeholders that the organisation can deliver.