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New report reveals little ESG action at mine sites

Around 94% of the mine sites scored an average of less than 20% on the fifteen basic ESG issues assessed.

Companies Average mine site
score
Polymetal 24%
Glencore 20%
OCP Group 19%
CODELCO 16%
Teck 16%
Orano 16%
BHP 14%
Newmont 13%
MMG 13%
Freeport-McMoRan 13%
AngloGold Ashanti 12%
Gold Fields 12%
Rio Tinto 12%
Anglo American 11%
Vale 11%
Newcrest 10%
Barrick 10%
Buenaventura 9%
Coal India 9%
Bumi Resources 7%
Antofagasta 7%
Grupo Mexico 7%
Nordgold 7%
Vedanta Resources 6%
Banpu 6%
First Quantum 6%
NMDC 5%
ArcelorMittal 5%
Peñoles 5%
Boliden 5%
Exxaro 4%
Sibanye-Stillwater 3%
Zijin 3%
Evraz 3%
KGHM 2%
Fortescue 2%
ERG 1%
Navoi MMC 1%
China Shenhua 1%
RUSAL 0%

“The vast majority of the 250 assessed mine sites across 53 countries cannot demonstrate that they are informing and engaging with host communities and workers on important ESG risk factors, despite the fact that many companies require their mine sites to take these basic actions,” said the RMF.

According to the report, most companies show some level of corporate protocols for their operations to engage with other water users on water management and to engage with worker representatives on occupational health and safety.

However, only a minority of the 250 assessed mine sites show any evidence of having implemented these requirements.

Source: RMF Report 2022

“At a time when many companies are announcing record profits and ambitious plans on technical issues such as emissions reductions or efficiency gains, there is an urgent need for a similar level of effort and leadership to ensure responsible practices across companies’ operations,” said Hélène Piaget, CEO of RMF.

Source: RMF

While the results on corporate policies and practices remain low on many issues, companies showed an overall average improvement of 11% over the RMI 2020 results.

Click here to access the individual scores of 250 mine sites

View Article Origin Here

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