SURFACE MINING
Accelerated Purpose Mining Needs of the Hour COVID-19 has transformed the world of mining and metals, and this industry is now confronting the prospect of conducting business in this Covid-19 re-shaped economy. While this is a significant issue, it also presents a golden opportunity to restructure the mining sector so that it is more equitable, sustainable, and resilient for all of its stakeholders, than before.
T
he epidemic brought to light the necessity of sustainability and purpose, which may be stated as a company's pledge to positively impacting its stakeholders and society on whole. "Accelerated purpose," according to Accenture and the World Economic Forum's Mining and Metals Industry
38 | SKILLINGS MINING REVIEW July 2021
Action Group (IAG), is a vital component in helping business manage the direct impact of the COVID-19 issue while developing a buoyant future. Doing the right thing isn't enough for accelerated purpose. It provides a significant value proposition for mining and metals industries, as well as an opportunity to move beyond ESG reporting
to a net contribution to the Sustainable Development Goals. A clear, compelling purpose can aid in the development of faith among stakeholders, resulting in greater stability and support as businesses face future problems. A well-defined objective and target can also help stakeholders stay on the same page when the industry landscape undergoes a paradigm shift.
