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Responsible mining that generates sustainable prosperity

Responsible mining that generates sustainable prosperity

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Responsible mining that generates sustainable prosperity

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  1. Responsible mining that generates sustainable prosperity Kulvir Singh Gill @DPIMining | dpimining.org September 20, 2019 Perumin 34

  2. The World Has changed

  3. The World’s BIG Problems Are Too Much For Any One Government, NGO or Business To Solve DEVELOPMENT PARTNER INSTITUTE

  4. The World Expects More From Business Than Just Profits and Financial Returns  DEVELOPMENT PARTNER INSTITUTE

  5. Generating long-term value for shareholders Corporations share a fundamental commitment to…

  6. Delivering value to our customers Investing in our employees Dealing fairly and ethically with our suppliers Supporting the communities Protect the environment Generating long-term value for shareholders Corporations share a fundamental commitment to all of our stakeholders. We commit to: Business Roundtable, August 2019 Association of 200 American CEOS

  7. Shareholder Value Stakeholder Value Gap In Social License To Operate Share Price Goes Down

  8. Growing Gap In Social License To Operate Society’s Expectations ‘The Law’ Progress of Mining Industry

  9. How Does This Become The Only Option Left For A Community? 8

  10. Costs Of Conflict Are Staggering $10K Per Day During Initial Exploration $50K Per Day During Geophysical Investigation $20M Lost Per Week for Delayed Production Conflict translates environmental and social risk into real business costs DEVELOPMENT PARTNER INSTITUTE Source: Conflict translates environmental and social risk into business costs; Franks et al. www.pnas.org/cgi/content/short/1405135111

  11. Companies Need To Deliver On Society’s Expectations, Not Just Investors Competitive Communities, Companies & Countries Shared Purpose Flourishing Ecosystems

  12. What is SUSTAINABLE OR RESPONSIBLE mining? It depends who you ask.

  13. Global EFFORTS TO DEFINE Responsible Mining OECD Guidelines for Multinational Enterprises (MNEs) International Finance Corporation (IFC) Performance Standards on Social and Environmental Sustainability. UN Global Compact, UN Guiding Principles on Business and Human Rights (GPs), Voluntary Principles on Security and Human Rights (VPs) Global Reporting Initiative (GRI) Extractive Industries Transparency Initiative (EITI) Toward Sustainable Mining (Mining Association of Canada – MAC) Initiative for Responsible Mining Assurance (IRMA) ICMM Performance Commitments Responsible Mining Index (RMI) Sustainable Development Goals Prospectors and Developers Association of Canada (PDAC) - e3 Plus UN-backed Principles for Responsible Investment (PRI)  World Gold Council’s Responsible Gold Mining Principles (RGMPs) Alliance For Responsible Mining (ARM) standards for artisanal and small-scale miners (ASM) DEVELOPMENT PARTNER INSTITUTE

  14. Responsible mining AT A Country-Level Initiatives are often… Driven by miners or governments Focused on • specific life of mine stage • one scale of mining • certain elements of sustainability • roles of specific stakeholders Engaged in stakeholder consultation (vs participation) Launched to reactively address a immediate or impending crisis at a project

  15. What if we could…. Develop a coordinated long-term multi-stakeholder vision and blueprint for responsible mining and its sustainable contribution to economic and social development? DEVELOPMENT PARTNER INSTITUTE

  16. Real Multi-Stakeholder Engagement

  17. What does responsible mining actually look and feel like? • What does mining-lead economic and social progress actually look like? • What are the underlying principles that should should guide standards, laws, contracts and agreements? • How can mining be a catalyst and partner for sustainable development? • What are the expectations of stakeholders? • What role do other sectors and industries play?

  18. A Shared Vision Will.. Provide a common foundation of aspirations and principles for stakeholders to: • Internalize into own strategies, plans and policies • Utilize when engaging with other stakeholders Offer citizens a simple and clear picture of what mining looks like when it is done right Facilitate mining to work with other sectors to strengthen coordination of economic and social progress DEVELOPMENT PARTNER INSTITUTE

  19. How To Build Shared Vision Effort needs to be coordinated by a neutral organization through a series of multi-stakeholder dialogues and working groups Steered by a multi-stakeholder committee of senior leaders Invite all stakeholders, especially constructive critics, to the conversation to ensure openness, fairness and transparency DEVELOPMENT PARTNER INSTITUTE

  20. Principles Of TheDevelopment Partner Institute

  21. Limpopo, South Africa April 2017

  22. Belo Horizonte, BrazilSeptember 2018

  23. Quito, EcuadorMay 2019 DEVELOPMENT PARTNER INSTITUTE

  24. Lima, Peru June 2018

  25. Responsible mining that generates sustainable prosperity Kulvir Singh Gill @DPIMining | dpimining.org September 20, 2019 Perumin 34