03/03/2021 - 14:18

Big miners to lift sustainability reporting

03/03/2021 - 14:18

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The Minerals Council of Australia has announced plans for its members to adopt a new system for reporting on safety, environmental and social indicators, including partnerships with First Nations people.

Big miners to lift sustainability reporting
Rio Tinto hosted premier Mark McGowan in the Pilbara last weekend,

The Minerals Council of Australia has announced plans for its members to adopt a new system for reporting on safety, environmental and social indicators, including partnerships with First Nations people.

The Towards Sustainable Mining (TSM) system is designed to improve site-level performance through regular and transparent reporting of safety, sustainability and environmental, social and governance (ESG) performance.

Minerals Council chief executive Tania Constable said TSM would be phased in as an expectation of membership.

It was designed to provide a consistent and independently verified approach to assess and communicate site level performance.

As such, it was designed to build on the Australian minerals industry’s corporate-level sustainable development framework, known as Enduring Value.

“Australian mining is a global leader in sustainability performance, and it’s time to take another step forward to enhance community, investor and customer trust and confidence in the industry,” Ms Constable said.

The TSM system was developed in 2004 by the Mining Association of Canada.

Its chief executive Pierre Gratton said TSM has led to better outcomes for mining communities in Canada and around the world.

“We are very proud of TSM’s increasingly global reach and power to improve sustainability through measuring site-level performance,” Mr Gratton said. 

The system includes guiding principles and standardised protocols and indicators that are used for public reporting.

It also includes consultation with a national advisory panel to oversee and shape the program for continual improvement.

The initiative comes at a time when companies are increasingly being judged on their ESG performance.

It also follows community uproar over Rio Tinto's destruction last year of Aboriginal rock shelters at Juukan Gorge in the Pilbara.

The big miner has adopted a raft of measures to address the reputational damage, including contributing $20 million to the state government's planned upgrade of Tom Price hospital.

 

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