Video: How miners can navigate an ever-changing ESG landscape

A recent industry event heard how miners should navigate the ever-changing landscape of environmental, societal and governance (ESG) investment benchmarking and reporting.

Moderated by The Northern Miner’s President, Anthony Vaccaro, The Mining Investment Event held mid-June in Quebec City heard from a panel on the topic ‘ESG – Lip Service or Reality’ with panellists including mining executive and corporate director Daniella Dimitrov, Clear Skies Investment Management partner Michel Brutti, JDS Group of Companies’ Kaeli Gattens, Sayona Mining’s Cindy Valence, and Socialsuite executive Seth Forman.

The panel delved into various aspects of sustainability reporting and its impact on the mining industry. They highlight the importance of sustainability and ESG considerations in mining operations. The conversation covers topics such as the role of policy in driving sustainable practices, the development of a sustainable battery value chain in Quebec, and the need for certification and compliance in mining exploration activities.

The panel also touched on the challenges and updates in sustainability reporting standards.

The participants discussed changes to the IFRS standards on sustainability reporting, including general requirements and disclosures related to climate risks and opportunities.

Integrating sustainability reporting and financial reporting is seen as a future trend to align strategy and reporting.

The panel emphasized the growing importance of sustainability reporting, the need for companies to capture relevant data, and the support available for organizations to comply with evolving reporting standards. The conversation highlights the ongoing efforts to harmonize and consolidate sustainability reporting practices in the mining industry and beyond.

The panellists round out the conversation by touching on additional standards under development, such as those on biodiversity, human capital, and integrated reporting.