Smart ESG: The role of environmental intelligence in the future of mining

smart esg

On April 28th Envirosuite partnered with Australian Mining Magazine to host an exclusive live panel discussion: “You’ve committed to ESG – now what?” The event featured insights on the evolution of ESG and how to future-proof a mining operating through active management of their assets.

With increasing pressure from the government, regulators, and shareholders, modern mining organisations are now required to demonstrate that they are being proactive about their ESG efforts. This means miners must commit to responsible methods of production that can provide the best possible returns for communities, stakeholders, and the planet.

But the question remains for leaders within the mining industry: How can mining companies achieve genuine ESG credibility that is in line with their business goals and operational strategies?

To start, mining organisations need to consider the scope of ESG– which extends beyond achieving carbon neutrality, according to Matt Scholl, Global Head of Mining and Industrial Sectors at Envirosuite.

“The mining industry has always been subject to environmental, social, and regulatory constraints, but these issues now have so much more scrutiny and visibility in the public domain,” says Matt.

“We want to enable mining organisations to operate with confidence in the face of increasing social, environmental, and operational concerns by helping them to actively understand and manage the range of ESG factors, which extend beyond decarbonisation.”

“After setting high level targets like net zero emissions, mine sites need to engage in ongoing, active, environmental management of their assets, against key ESG criteria such as clean energy; water usage; noise and vibration; and dust and other contaminants,” he explains.

“Once a mining operation has committed to implementing ESG initiatives, we assist them with measuring and managing their operations to those commitments and optimising their costs of mitigation.”

Matt has worked in the environmental management space for more than 20 years. During this time, he has pioneered the development of environmental technology solutions for a wide range of business clients.

“Envirosuite’s environmental intelligence technology breaks down the enormous task of monitoring ESG performance on a mining operation into more manageable subsets. By providing situational awareness and real-time operational decision support, Envirosuite enables our clients to track key performance metrics and to predict problems before they happen so miners can act now, rather than reacting later,” explains Matt.

Ryan Smyth, Managing Director of Stratium Group, works on the client side of Envirosuite. As a respected business leader in his field, he has a passion for technology and helping mining companies optimise their operational assets.

“What I think is most exciting about this time for the mining industry, is that we are seeing a convergence right now between emerging ESG technology and an unprecedented desire for strong ESG by capital markets,” he says.

Ryan highlights how technology has evolved to assist mining organisations on their ESG journey.

“ESG is something the entire mining industry is grappling with right now,” he expounds.

“In many instances, practice has been to look backward and identify an environmental exceedance that needs to be addressed. But with the emergence of new ESG technology, mining companies can leverage technology to look forward and address future challenges in advance.”

For mining organisations, the benefits of implementing ESG technology are manyfold, according to Ryan.

“By implementing environmental technology, miners have the opportunity to enhance their operations, better manage their stakeholders, and achieve stronger ESG credentials– all whilst de-risking their operations,” he says.

“Envirosuite’s environmental intelligence software enables miners to meet and exceed their compliance requirements with a positive ROI in many instances,” he furthers.

Although smaller mining operations might be nimbler in making these changes because larger organisations already have processes and practices in place across their wider organisation, Ryan says they need to continue to be proactive about their ESG efforts.

“A mining companies’ social license to operate is in many instances contingent on their approach to ESG. The current market favours mining companies with strong ESG credibility,” he says. “Larger mining organisations need to weigh the cost of implementing ESG against the cost of doing nothing.”

Ryan concludes that regulators will play an important role, as technology advances in this space and ultimately, becomes business as usual.

To learn more about how Envirosuite is helping miners meet ESG targets, watch Ryan Smyth and Matt Scholl, joined by Luke Mortimer from Kalamazoo Resources, in an exclusive panel discussion hosted by Australian Mining Magazine: You’ve committed to ESG – now what?

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