DATA

ESG in Mining

Faiz Dharamsi

Partner Marketing Manager

Faiz Dharamsi

Partner Marketing Manager

August 24, 2021 | 3 Minute Read

ESG, SASB, GRI, TCDF, CDSB… To those unfamiliar, these acronyms mean nothing. Even to those familiar with Environmental, Social, and Corporate Governance (ESG) reporting, understanding these frameworks can be a serious headache.

ESG reporting started as a response to the need for organizations to go beyond financial metrics. While there are many who may see sustainability pertaining to the environment only, corporate sustainability goes far deeper. It is centered around building long-term stakeholder value by implementing strategies that target a set of Key Performance Indicators (KPIs).

The first framework built on the structure that ESG provides was the Global Reporting Initiative (GRI) in 1997. Its goal was simple: create a global best practice for publicly reporting a range of economic, environmental, and social impacts. Since then, ESG reporting has exploded, and with it, the need for companies to track these metrics.

The Challenge

Stakeholders and executives alike want to see how their company is doing in the industry when it comes to sustainability. A framework like the Sustainability Accounting Standards Board (SASB) differentiates from 77 industries and takes metrics from each that it deems the most impactful to a company’s operational sustainability. However, understanding and accurately reporting these metrics can be a burden to site managers.

The Solution

With industry-specific knowledge and extensive experience in data ingestion and reporting, Improving is well suited to the task. Employing Microsoft Power Apps, users can deploy a front end to sites around the globe, from which site managers can select their preferred ESG reporting framework(s).

The selection will present a series of metric input prompts, through which managers can intuitively input the figures and any additional comments they want to track. The mining analytics framework organizes these metrics by framework and KPI into a presentation layer, where agile dashboards will be automatically updated to reflect the latest data.

These dashboards can be customized to suit various company needs, from reports to the COO, to public reporting with catered information and scope. ESG reporting doesn’t have to be a headache, Improving is here to help!

Watch our ESG Solution demo in the latest edition of the MINING CENTER OF EXCELLENCE Series: ESG for MINING

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