Over the past several years, the Mining Association of Canada (MAC) and Millani have been working together to foster dialogue between mining issuers and Canadian institutional investors on a range of environmental, social and governance (ESG) topics. This report is an outcome of Mining in Transition: People Powering the Transition, a conference and roundtable session (sponsored by Rio Tinto and Addenda Capital) hosted in Montreal in May 2022, which included more than 40 mining industry and investor representatives.
This latest discussion comes at a pivotal time for the Canadian mining industry. As the world relies on more minerals and metals in support of the transition to a lower-carbon economy, even with automation and other new technologies, the industry will need more people to make this happen. But how is the industry currently placed to attract and retain this talent? What is the state of equity, diversity and inclusion (EDI) in the industry? Can disclosure on workplace culture and EDI help companies make positive and lasting changes? It was against this backdrop that Millani and MAC brought mining companies and investors together, where discussions revealed the challenges and opportunities of influencing culture to improve EDI outcomes and communicate in a meaningful and transparent manner.