Sustainability Indicators in Mining
A workshop is being held in Santiago, Chile, on June 25, to discuss regional experiences in the development of sustainability indicators in mining. IGF is proud to be presenting our report Standards and the Extractive Economy at this event to spur discussion with the government representatives and civil society members in attendance.
In mining, there are a number of sustainability schemes ranging from the Global Reporting Initiative (GRI) to the Initiative to Ensure Responsible Mining (IRMA) to the World Gold Council (WGC). There are also specific voluntary sustainability standards operating in the sector, including Fairmined, Fair Stone and Bettercoal, to name a few.
Sustainability indicators in mining measure and monitor the performance of mining projects, geographic areas of influence of mining activity or the aggregate mining sector. These indicators also provide information on social, environmental and economic aspects of mining activities. However, challenges associated with these indicators include defining the attribute to be measured, the unit of analysis and the availability of reliable information.
The workshop is hosted by the Economic Commission for Latin America and the Caribbean (ECLAC) and the German Cooperation for Development (GIZ).