Environmental, social and governance (ESG) is a term used by socially conscious investors to evaluate corporate behaviour and non-financial performance indicators which include approaches to sustainable, ethical and corporate governance issues. Due to the very nature of the metals and mining industry, ESG has long been a focus for governments, NGOs, industry bodies and wider society concerned by the environmental and social impacts of the extractives sector. Over recent years, these concerns have led to the introduction of wide-reaching and robust ESG-focused regulations, codes and principles that mining companies are now obliged and expected to observe. For example, the International Council on Mining and Metals (ICMM), an international organisation which is dedicated to a safe, fair and sustainable mining and metals industry, developed 10 Mining Principles which their 27 mining and metals company members need to meet in order to fulfill membership requirements. The development of ICMM’s Mining Principles means that investors can easily access information on how these companies are managing a full spectrum of environmental, social and governance issues.
To demonstrate their commitment to ESG, companies are often required to adopt best practice and procedures, enhance their monitoring and reporting, and factor ESG considerations into strategic decision-making. Decipher has been built to support industry best practice and compliance requirements such as the Investor Mining and Tailings Safety Initiative, the Global Tailings Portal, and the ICMM Mining Principles. It has been designed to provide you with key data and insights around your tailings facilities, and your mine rehabilitation efforts, enabling you to more easily demonstrate your company's commitment to ESG and the ICMM's Mining Principles.