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Miners face higher bar to maintain ‘social licence’, report warnsND
Nick Toscano, Sydney Morning Herald, Monday 2nd September, 2019
A Deloitte report being circulated within the mining industry has warned companies that conflict with communities could face losing their social licence if they are unable to go beyond their required stakeholder and environmental obligations. "In many countries, the true economic contribution of mining is being questioned," said the report. The report went on to suggest mining companies must utilise “innovative strategies” to maintain their social licence in the modern economy. These findings come as mining companies are forced to operate in more remote areas of the world, as sustainability, corporate responsibility and climate change pressures mount. This comes as BHP recently introduced a world-first $500 million decarbonisation plan for its customers in July to address environmental issues in the industry.
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