The Canadian mining industry knows that there is a right way and a wrong way to operate. Doing it right builds trust among communities and decision-makers, and reduces key business risks – both critical elements to a company’s bottom line.
The business of mining carries great responsibility to the communities that surround operations and to the environment. The nature of mining is complex and so too is integrating corporate responsibility (CR) into the core of a business to enact meaningful change. When done effectively, sound CR practices can help a mining company maintain its privilege to operate.
At home and abroad, the Canadian mining industry has made significant progress over the last decade in environmental and social responsibility. In 2004, MAC members pioneered the world’s first externally-verified performance system for CR and the only one implemented at the mine site – the Towards Sustainable Mining (TSM) initiative. Participation in TSM is mandatory for all MAC members’ Canadian operations, and many have voluntarily applied the program at their mine sites overseas. Since the inception of TSM, there have been notable advancements in the way our members engage with their communities, manage environmental risks and increase energy efficiency at their facilities.
MAC and its members are also making positive inroads in addressing key issues arising internationally, particularly in developing countries where Canadian mining companies are more likely to confront issues related to corruption, human rights infringements and conflicts, and weak governance.