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Motive for Mining with Nature
Creating social value by supporting global development goals
We want to contribute positively to the development of society. By setting ambitious biodiversity targets, the industry can contribute to meeting the Sustainable Development Goals. Through responsible business, we can take the lead and inspire others to work on biodiversity.
Gain access to land through environmental permits
The requirements for environmental permits may become more stringent. At the same time, access to land is crucial for extraction and development. By working proactively on biodiversity, we want to strengthen trust between authorities, operators and society. Biodiversity work also enhances our own skills and makes us more proactive in environmental assessments.
Meet owners’ demands
Investors are becoming more aware and identifying their risks. The World Economic Forum has identified biodiversity loss as one of the most serious risks to business. If we want continued investments, it is important to know what they will be looking at. It is likely that investors will only want to make green investments.
Meet customers’ demands
Consumers will be more demanding. Just as demand is increasing for climate-neutral minerals and metals, the same demand is predicted to occur for biodiversity. This gives us reason to be proactive on the issue.
Attracting and retaining competent staff
A key factor for the mining and minerals industry. Sustainability values are increasingly important for workers. Responsibility for the environment and biodiversity can enhance the industry’s reputation as an attractive employer.
Meeting stakeholder expectations and increasing societal support
Being a good neighbor is an important part of biodiversity work. Biodiversity measures can often be combined with outdoor recreation and tourism, creating value for the local community and other interests. As there is currently a lack of support for the mining and minerals industry in parts of society, this can be an important part of improving relations. It is important to show the benefits that our products create, but also the other benefits that can come from how we conduct and end our operations through, for example, remediation.
Facilitating production planning and increasing the pace of innovation
By working strategically on biodiversity over the life of a mine or quarry, we see the potential to increase biodiversity in both establishment, operation and remediation. A key factor of this is to increase in-house expertise. Companies with ambitious environmental goals have greater potential to find innovative solutions and transition to a green economy.
Minimise risk
We in the mining industry depend on ecosystem services such as clean water, erosion control and dust control. By building knowledge around these issues, we also reduce the risk of damaging the systems we depend on today and in the future. Biodiversity work therefore reduces the risks in our operations.
Photo: mtsjrdl, unsplash