As empresas de mineração com desempenho significativo em governança ambiental, social e corporativa (ESG, Environmental, Social and Corporate Governance) podem aproveitar vantagens competitivas de ESG, como estabelecer preços mais altos dos materiais.

A discussão da liderança inovadora analisou algumas das principais tendências e iniciativas que estão impulsionando o setor de mineração industrial para um futuro mais sustentável, os fatores por trás disso e como as empresas podem aproveitar a tecnologia e os dados para orientá-las em direção ao alto desempenho em ESG, operações mais sustentáveis e um futuro certo.

Duração

1 hora e 4 minutos

Faça o download do artigo completo sobre insights de ESG no setor de mineração industrial

Analisamos as principais tendências e iniciativas que orientam o setor de mineração industrial em direção a um futuro mais sustentável

Transcrição do vídeo

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<encoded_tag_open />v -<encoded_tag_closed />With a particular focus<encoded_tag_open />/v<encoded_tag_closed /><!– wpml:html_fragment –>
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on the Industrial Minerals Sector
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of Mining.
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Clearly the adoption of ESG policies is increasingly
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important to the global investment community stakeholders
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in society.
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So, but to what extent are ESG policies
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actually being implemented?
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Where are they today in practice
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and how does this affect different parts of mining?
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Particularly as I said, industrial minerals,
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are there different parts of ESG that are more
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or less important?
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So today we’re going to sort of focus around four themes.
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The first is what is the reality of ESG in industrial
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minerals today?
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How serious is it?
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And number two,
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why did companies who score highly on ESG
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seemed to outperform the market?
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Thirdly would explore right,
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and high technology and data can contribute to ESG.
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And finally, we’ll have a little look at standards.
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So very grateful to be joined today by this August panel.
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I’ll just do a quick round table introduction.
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So first of all, or welcome to Craig Guthrie,
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who is the editor of mining magazine
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with the focus on Europe, middle east and Africa,
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Craig, good morning and welcome.
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<encoded_tag_open />v -<encoded_tag_closed />We’re in Colin,<encoded_tag_open />/v<encoded_tag_closed />
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<encoded_tag_open />v -<encoded_tag_closed />Let Carrol who has worked for a long time in this area,<encoded_tag_open />/v<encoded_tag_closed />
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focus on as managing director and applied intelligence
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mining lead at Accenture with over 20 years ago.
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So, Liv good morning and welcome.
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Dr. Colin Church, team we’re going to put the doctor in front
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of Colin otherwise we’ll get confused with this Colin.
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So Colin I believe you’ve done a lot of work
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for government and policies
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worked for the C R I W M professional body for resources
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and waste management.
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Currently, you’re the CEO of industrial
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sorry the Institute of minerals,
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materials and mining
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that was in the wrong order, excuse me,
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Rainer Westermann,
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who is a group geology and mining director
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for Lhoist based in Belgium.
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Leah Wilson,
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who’s got a background in engineering construction
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is currently group sustainability vice president
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at Emeris in Paris.
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And then from secret, we’re joined by James Edwards.
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Who’s a geologist with plenty of field experience
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and is now moved to the dark side here in sequence
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few years ago, with a particular focus on the industrial
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minerals sector around Europe,
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middle Eastern Africa.
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And finally Dr. Thomas Krome,
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who is in Denmark despite the accent
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and Thomas looks after our environmental segment
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slash vertical from a global perspective.
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So, it’s open to you all.
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Tiny bit of housekeeping,
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this session is being recorded.
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So just be aware of that,
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the mute unmute button, so please, obviously,
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as you will respect people who are speaking
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and if there’s any background noise dogs, cats,
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doorbells, please, please go on mute.
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But of course, remember when you’re speaking to unmute
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and behind the curtain, we have Jess and Claire
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keeping everything going.
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So any glitches whatsoever, just put your hand up
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and I’m sure they will dive in and sort of that.
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So if we’re all sat comfortably coffee in hand,
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we will begin.
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So first question for the panel today,
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ESG has been on the agenda for a long time.
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Why are we still talking about it today
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and what has caused the heightened focus?
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and Colin, if I could go to you first
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for your perspective.
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<encoded_tag_open />v -<encoded_tag_closed />Sure, I guess there,<encoded_tag_open />/v<encoded_tag_closed />
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are a bunch of different things that have come together,
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from my perspective as to why we’re still talking
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about it, perhaps more at the moment than, other times.
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First of all, I think it’s been highlighted
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by some of the unfortunate errors
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that have triggered interest in this.
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I mean, everyday dam failure would be an absolute classic
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of course,
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but there have been a number of other things
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in the recent past, either environmental or for example,
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some incidents in Australia around sacred sites.
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And I think that’s really raised the profile
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beyond the mining industry of the importance,
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of worrying about these things.
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And I think that’s one element of it.
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I think a second element is people are just about starting
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to recognize beyond again, the mining industry,
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how absolutely fundamental mining and extractive industries
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are not only to the current society,
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but also the society that we’re all aiming towards
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a low carbon and reasonable source efficiency, oddly
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the amounts of minerals and metals,
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we’re going to have to extract in order to deliver
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the technology that’s going to deliver us
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that low carbon and resource efficient society
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is massive and people don’t want it to be done in a bad way.
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You know, if you are VM and Liv
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if you were a member of extinction rebellion, for example,
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and you think that we really need to make these move,
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you don’t want to do it at the cost of child labor
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in one country or serious environments damaged
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somewhere else.
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So I think some incidents and in that general concern,
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growing concern and awareness of the importance
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of the role of mining and how it links
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into the, the future gender.
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Those were the two that I would highlight.
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<encoded_tag_open />v -<encoded_tag_closed />Thank you very much indeed for that goal.<encoded_tag_open />/v<encoded_tag_closed />
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And so if I could follow that one up then,
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so with those two points, really in mind,
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the you know, sort of clearly there’s been accidents
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and things that have highlighted it
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and the importance of mining to the future,
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if I could go right into sort of Rainer or Leah
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from your perspective,
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how does that play out into your particular area?
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And what I’m interested in is,
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has that led to a renewed focus
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and has that led to resourcing implications around roles,
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for example Claire perhaps?
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<encoded_tag_open />v -<encoded_tag_closed />Sure, no.<encoded_tag_open />/v<encoded_tag_closed />
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I definitely think that,
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those two points highlighted,
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have contributed to
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a shift in the way and the importance
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in the perception of ESG within our company.
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I think there’s maybe a third element I would add
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is just generally growing expectation from customers
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and local authorities.
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That mean that we also need to continue to improve
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and adapt.
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And I think that
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companies have really realized,
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and again, as you already mentioned, you know,
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there’s a long history of understanding
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that our operations need to be managed in a certain way,
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but companies have realized that there’s,
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an important differentiation factor in terms of risk
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management and in terms of also commercial management
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so that they need to have the ESG elements fully embedded
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into their processes.
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And if you want to fully embed all of these ESG considerations
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into your processes yeah,
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that does mean a shift in, in the way you’re,
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you’re staffing them.
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If it’s not a nice to have,
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and it’s more of a must have,
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then you need to have the teams with the competencies
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to manage it.
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And that means sometimes competencies or partnerships
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on subject where maybe we were not sufficiently staffed
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in the past.
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I think for example, management of biodiversity,
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it’s a different set of skills and expertise
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and scientific knowledge that we wouldn’t necessarily,
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you know, 20 years ago had on staff.
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So that impacts your environmental teams
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being able to perform life cycle assessments.
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That’s a different competency that again,
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we may not have had in the past,
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but we need to equip ourselves to have.
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So as each one of these ESG themes is put forward
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more into the agenda,
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it definitely affect how we integrated into our processes
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and how we staff our central and or our business functions
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or our teams on site to address them.
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<encoded_tag_open />v -<encoded_tag_closed />Yeah, thank you very much, indeed.<encoded_tag_open />/v<encoded_tag_closed />
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We’re going to come back to that point
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in a second, but Craig,
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I’d just like to sort of flick round to yourself
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from your perspective as the journalist on the panel.
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What’s your,
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what’s your reading of how the perception
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across the industry has changed
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over the recent couple of years?
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Is it a threat or is it actually an opportunity?
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<encoded_tag_open />v -<encoded_tag_closed />I would say it’s evolved from a threat to an opportunity.<encoded_tag_open />/v<encoded_tag_closed />
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I think truly ESG has moved on from being
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just about say investor pressure,
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which is what it was born out of, perhaps at the start,
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but now companies are starting to tackle it
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in operationalization of the, the processes
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that they need to take on at a very highest level.
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I think for me as a journalist,
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I see ESG becoming as big a part of the value chain
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I’ll say processing or exploration.
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And I think this field is only going to grow.
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I think the key thing as call it a lidded too,
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is avoiding perhaps gaining a terminal image
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when that’s been associated with fossil fuels
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and getting the message out there to people
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that we really are going to be an essential part
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of the transition.
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<encoded_tag_open />v -<encoded_tag_closed />Great.<encoded_tag_open />/v<encoded_tag_closed />
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Thank you very much, indeed.
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And sort of,
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Liv how can sort of circle back round to yourself
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from your perspective where you sit with Accenture,
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what’s your sort of view on where ESG is today,
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right opportunity and why it’s so important
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and just, what are you picking up from your perspective?
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<encoded_tag_open />v -<encoded_tag_closed />Well,<encoded_tag_open />/v<encoded_tag_closed />
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it’s said to go back to the drivers
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and Craig just mentioned the investor pressure.
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One, I would certainly add is that the impetus
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to bring ESG into all elements of the business.
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And if we could umbrella that almost as sustainability
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woven throughout, has certainly come from increased pressure
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and action taken by the institution investors.
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And that’s really been in the last 24, 36 months
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that we have seen a significant increase in that.
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And that is one of the key drivers as to why
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the mining companies have,
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mineral companies have really started to embrace this.
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How about going back to your question,
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how that plays out in the,
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every piece of work we do with our clients,
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whether it’s a strategy around autonomous operations
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or solving for a specific issue in a mining operation,
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there’s an element of sustainability and an ESG involved,
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and that’s actually factored into the design of processes
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as well as the solutions themselves to enable it.
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It’s really all about enabling the right data capture
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that then generates the necessary insights
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for you to pull these leavers to positively impact ESG.
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And our clients certainly are,
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are not seeing it as a threat
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they’re wholly embracing it to Leah’s point
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about the consumer push or consumer pull, really
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the consumers are much more aware
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of sustainability.
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They want mining products to come from sources
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that are not infringing on human rights
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that are mined sustainably with renewable energies.
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And that is then,
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we are seeing our clients
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embrace that as an opportunity
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because there’s as Leah thing also mentioned,
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there’s a differentiator there that’s possible.
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If you are capturing the right data,
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you can prove the provenance and you can demonstrate
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that your products are meeting ESG
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appropriately ESG standards or green and sustainable.
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<encoded_tag_open />v -<encoded_tag_closed />Lev thanks you very much, indeed.<encoded_tag_open />/v<encoded_tag_closed />
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I’m sure this could be a days conversation
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in and of itself,
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thank you very much for those points.
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I think there’s quite a few that we will come back
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to and pick up.
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We’ll move on now to the second question,
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if we may,
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and this really is around business performance
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or getting into the sort of, you know,
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rubber hits the road here, what’s the actual impact.
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So looking at industrial minerals,
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the nature of industrial minerals means that more often
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there no quarries and operations are closer to urban areas,
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does this place a bigger or lesser emphasis
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on certain elements or ESG
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and their importance to the business?
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And Rainer you’ll forgive me if I sort of start off
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with you on that one.
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<encoded_tag_open />v -<encoded_tag_closed />Okay, I hope I understood everything well.<encoded_tag_open />/v<encoded_tag_closed />
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So looking specifically at our minds,
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I think these aspects
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are born because we simply don’t see the acceptance anymore
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in the population to expand our operations
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or even to make refills.
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It’s almost impossible.
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We are operating across the globe
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about 60 to 70 mining operations.
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And when I look at the recent years, greenfield,
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were started in the U S and that’s much easier
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than in Europe and in Europe, we are in central Europe
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we were able to do that
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when we go to countries like Germany or France or Belgium,
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these things are
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simply not accepted by the people
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So the focus on this on sustainability
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and we cluster,
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we organizers in three pillars,
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what we call people, planet and profit
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and the pillar covering the mines
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is on the planet.
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And,
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there we have a specific focus on resource valorization,
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and this is,
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this is not completely new to us
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because we are a family owned company.
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But definitely,
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we had a high focus on listings.
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And the way we mentioned across the group
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is that we are,
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that we are using the know how we,
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we collected in some regions specifically in Western Europe,
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that we try to spread it out in the other regions
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by creating a subtle organization,
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which is looking at this aspect.
[00:15:24.570] 
<encoded_tag_open />v -<encoded_tag_closed />At Rainer, thank you very much, indeed.<encoded_tag_open />/v<encoded_tag_closed />
[00:15:26.140] 
So I think the short answer is, yes,
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this is very important
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for them. 
<encoded_tag_open />v -<encoded_tag_closed />It is.<encoded_tag_open />/v<encoded_tag_closed />
[00:15:31.076] 
(indistinct)
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<encoded_tag_open />v -<encoded_tag_closed />And if I could pick up on one point,<encoded_tag_open />/v<encoded_tag_closed />
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so you mentioned about a central organization
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to ensure that your best practice.
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So are you now employing roles today,
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particularly, and specifically for ESG projects
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and work that you wouldn’t have done five, 10 years?
[00:15:54.100] 
<encoded_tag_open />v -<encoded_tag_closed />Yes, of course.<encoded_tag_open />/v<encoded_tag_closed />
[00:15:55.660] 
Yeah, we have since a few years,
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sustainability officer in our company
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and he’s, the center of this organization.
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And when I say centralize organization,
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it means, in fact, it’s some metrics.
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So we are using the resources from each of the regions
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we have to, for these topics across the group.
[00:16:16.980] 
<encoded_tag_open />v -<encoded_tag_closed />Rainer thank you very much, indeed.<encoded_tag_open />/v<encoded_tag_closed />
[00:16:18.662] 
So on that point then if we sort of take that back to points
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made before by Craig and Colin and others.
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So do you now see,
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as the company that you’re with,
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do you see ESG as a source of advantage business advantage?
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Does it differentiate you from competitors?
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Does it help you appeal to investors and communities
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and stakeholders?
[00:16:47.183] 
Is it a source of business advantage?
[00:16:53.670] 
<encoded_tag_open />v -<encoded_tag_closed />Do you want any one of us to take that<encoded_tag_open />/v<encoded_tag_closed />
[00:16:55.573] 
or do you have the one in.
[00:16:56.698] 
<encoded_tag_open />v -<encoded_tag_closed />Okay just go ahead.<encoded_tag_open />/v<encoded_tag_closed />
[00:16:57.770] 
Yes, actually, yes.
[00:17:00.900] 
Leah, please.
[00:17:02.931] 
<encoded_tag_open />v -<encoded_tag_closed />I don’t mind it.<encoded_tag_open />/v<encoded_tag_closed />
[00:17:04.990] 
I think, yes,
[00:17:06.080] 
I think there are multiple studies that, you know,
[00:17:10.420] 
that demonstrate that there are commercial advantages
[00:17:14.120] 
for well managing a range of ESG topics,
[00:17:18.850] 
be it from, you know, even the diversity angle
[00:17:21.770] 
or any of the environmental angles.
[00:17:24.680] 
And I think there are several reasons for that.
[00:17:28.140] 
I think even if we are,
[00:17:30.550] 
the panelists are making a very clear point
[00:17:32.570] 
that it’s moving from a threat to an opportunity,
[00:17:36.910] 
clearly managing ESG topics still enables
[00:17:41.540] 
you to anticipate and better manage risks.
[00:17:45.290] 
And in some cases growing risks.
[00:17:47.040] 
So understanding that you need to have,
[00:17:50.510] 
a very forward looking
[00:17:53.070] 
and robust management of risks,
[00:17:55.300] 
for example, you know, climate scenario analysis.
[00:17:58.270] 
So you can anticipate that and integrate
[00:17:59.930] 
it into your business.
[00:18:01.810] 
It brings some commercial advantages,
[00:18:04.660] 
I think, without a doubt,
[00:18:06.780] 
there’s some reputational benefits associated
[00:18:10.180] 
with that to speak to the point of, you know,
[00:18:13.580] 
we have a challenge of not in my backyard
[00:18:16.860] 
kind of situation ,
[00:18:18.930] 
we find ourselves in and being able to demonstrate
[00:18:23.200] 
that you have a strong, solid
[00:18:26.030] 
and reputation,
[00:18:27.643] 
and being able to engage with your local communities,
[00:18:32.550] 
your local stakeholders, and be able to prove
[00:18:35.640] 
what you do has has definite
[00:18:39.250] 
sort of commercial benefits.
[00:18:40.535] 
I think it’s a very important lever for engagement
[00:18:43.320] 
with our employees.
[00:18:44.640] 
They want to be proud for, you know,
[00:18:47.310] 
the companies that they they work in.
[00:18:50.020] 
And I think that it’s very linked also to innovation.
[00:18:54.870] 
I mean, being able to drive your organization
[00:18:58.180] 
towards solving existing challenges
[00:19:02.360] 
through an ESG lens
[00:19:04.450] 
is definitely a way to demonstrate the leadership,
[00:19:07.580] 
and differentiate ourselves from others.
[00:19:09.940] 
So to make the short answer, yes.
[00:19:14.471] 
<encoded_tag_open />v -<encoded_tag_closed />A raft of benefits, actually,<encoded_tag_open />/v<encoded_tag_closed />
[00:19:18.380] 
there are probably in a, sort of, as much about reputation
[00:19:21.970] 
as much about employee engagement
[00:19:23.760] 
actually, and you mentioned innovation as well.
[00:19:26.610] 
So actually this is driving fresh thinking, use solutions,
[00:19:29.920] 
new ways of doing things.
[00:19:31.387] 
And Liv if I could go around to you on,
[00:19:34.390] 
on that point from again,
[00:19:35.720] 
from your broad perspective in Accenture,
[00:19:39.860] 
how do you see these,
[00:19:42.820] 
the importance of the business performance panning out
[00:19:45.600] 
is the other,
[00:19:46.940] 
some areas more its reputation and attracting stakeholders
[00:19:51.040] 
more important than the end consumer,
[00:19:53.220] 
or are you seeing the advantages that Leah
[00:19:56.380] 
has talked about being broadly ubiquitous across
[00:19:59.730] 
all the different groups?
[00:20:03.456] 
<encoded_tag_open />v -<encoded_tag_closed />That’s a really interesting question.<encoded_tag_open />/v<encoded_tag_closed />
[00:20:07.918] 
And what we have seen is a distinct shift
[00:20:10.490] 
across the industry, no matter what the commodity,
[00:20:14.010] 
a distinct shift from focusing on delivering value
[00:20:17.350] 
to shareholders, to delivering value for all stakeholders
[00:20:21.820] 
and all stakeholders is now a ginormous,
[00:20:24.161] 
all encompassing group of people
[00:20:27.460] 
that includes the Leah rightly mentioned.
[00:20:28.678] 
I was pleased to hear you say about employees
[00:20:31.660] 
actually wanting to work for a company
[00:20:33.490] 
that is extracting mineral responsibly.
[00:20:36.700] 
And that is super critical to attracting the right skills
[00:20:40.730] 
to the industry that we need going forward.
[00:20:43.440] 
And one of the main drivers of how,
[00:20:46.150] 
just how important has become is the generational change
[00:20:50.280] 
and the younger generations actually being less,
[00:20:56.281] 
I’ll try and put this kind of less interested in mining
[00:20:59.540] 
and less respectful of the importance of mining,
[00:21:03.290] 
and really wanting to work for companies
[00:21:06.484] 
that are responsibly carrying out business
[00:21:10.713] 
and the younger generations will certainly call out
[00:21:14.110] 
companies if they feel they’re not behaving responsibly,
[00:21:17.340] 
they’re not shy of doing that.
[00:21:18.820] 
They’ve grown up as digital natives.
[00:21:21.250] 
So they’re very vocal on social media.
[00:21:24.050] 
So that’s a really key stakeholder
[00:21:26.470] 
that has to be factored in because the mining industry,
[00:21:31.070] 
the minerals industry,
[00:21:31.903] 
is already suffering from a skill shortage.
[00:21:34.530] 
And that will only grow as we need to expand
[00:21:37.720] 
the skills range, including new things
[00:21:40.070] 
like data scientists and data engineers,
[00:21:42.210] 
AI specialists, et cetera,
[00:21:44.690] 
more biodiversity specialists,
[00:21:46.848] 
more climate change specialists,
[00:21:49.440] 
but they I’ve forgotten exactly what the question was,
[00:21:53.070] 
but the, the how it,
[00:21:55.695] 
(laughing)
[00:21:56.528] 
in terms of.
[00:21:57.536] 
(inaudible)
[00:21:59.339] 
<encoded_tag_open />v -<encoded_tag_closed />The engagement is critical.<encoded_tag_open />/v<encoded_tag_closed />
[00:22:02.213] 
And, and ESG is a core part of why we need to engage
[00:22:06.340] 
with the stakeholders,
[00:22:07.520] 
that there were so many business advantages,
[00:22:09.680] 
because there are so many negatives
[00:22:11.840] 
if we don’t get it right as an industry.
[00:22:14.190] 
Now, if you can’t,
[00:22:16.268] 
you don’t have an effective ESG or sustainability program
[00:22:20.940] 
with clear actions that you are then proving
[00:22:23.760] 
that you are walking the talk, not just putting,
[00:22:27.833] 
these great plans, but actually nothing ever happens.
[00:22:30.457] 
You have to be able to prove that you have achieved that
[00:22:34.530] 
then your cost of capital is going to go up.
[00:22:37.086] 
if you don’t,
[00:22:38.210] 
if you aren’t operating in the right way
[00:22:41.060] 
and not seem to be responsible,
[00:22:42.202] 
you won’t attract the right skillset.
[00:22:44.276] 
If you aren’t effectively engaging with your stakeholders,
[00:22:47.840] 
your community stakeholders,
[00:22:49.224] 
and that’s a two way engagement.
[00:22:51.470] 
So that’s really shifted from the mining company
[00:22:54.410] 
or minerals company, informing the local stakeholders
[00:22:57.732] 
to actually working in collaboration
[00:23:01.170] 
with the local stakeholders.
[00:23:02.890] 
So if you aren’t doing that,
[00:23:04.150] 
you’re going to come up against a lot of resistance
[00:23:07.890] 
and difficulties in developing and running your operation
[00:23:14.000] 
so that there are, and then of course,
[00:23:15.570] 
you’ve got the governments and the NGOs
[00:23:17.270] 
and all the other stakeholders that need to be engaged
[00:23:19.160] 
with the,
[00:23:19.993] 
there are lots of benefits to engaging appropriately
[00:23:23.290] 
with stakeholders and weaving ESG throughout the business.
[00:23:28.870] 
<encoded_tag_open />v -<encoded_tag_closed />Thank you very much.<encoded_tag_open />/v<encoded_tag_closed />
[00:23:29.768] 
Sorry if the question is a little bit vague,
[00:23:31.110] 
but I think you answered it and very fully,
[00:23:34.836] 
so thank you very much,
[00:23:35.883] 
some really interesting points coming out now.
[00:23:37.850] 
So I’m calling Dr. Kohler.
[00:23:40.510] 
She said, otherwise, we’ll get confused
[00:23:43.200] 
if I could take that back to yourself again,
[00:23:45.110] 
from your perspective, from where you said,
[00:23:48.220] 
I’m interested in a couple of things.
[00:23:50.820] 
So I think Leah and Rainer and Liv
[00:23:54.680] 
have made the point that this is now pretty ubiquitous.
[00:23:57.540] 
It covers stakeholders at the investor side,
[00:24:00.780] 
it’s now covers in employees.
[00:24:02.760] 
It covers your reputation to customers, and it’s everywhere.
[00:24:08.890] 
Do you see any pockets of resistance?
[00:24:11.873] 
Have you, are you,
[00:24:13.420] 
are there any parts of the industry
[00:24:15.670] 
which are further ahead or lagging behind?
[00:24:19.130] 
Do you see any resistance to any of the,
[00:24:21.690] 
or is what’s been spoken about
[00:24:25.400] 
not just ubiquitous across the stakeholders,
[00:24:28.040] 
but ubiquitous in implementation
[00:24:31.060] 
by industry wide
[00:24:34.640] 
or are there some laggards?
[00:24:38.160] 
<encoded_tag_open />v -<encoded_tag_closed />Yeah, so I think just before I do that,<encoded_tag_open />/v<encoded_tag_closed />
[00:24:40.770] 
I just want to add to everything you said before,
[00:24:43.410] 
which I completely agree with,
[00:24:44.350] 
but there is another thing that I think is worth
[00:24:46.060] 
bearing in mind, a lot of studies in the UK,
[00:24:48.699] 
just not in mining, but just generally looking
[00:24:51.330] 
at the performance of companies
[00:24:54.190] 
have noticed a really strong correlation between performance
[00:24:56.851] 
on health and safety, environmental rules and profitability.
[00:25:02.110] 
And I think there’s another point
[00:25:03.350] 
which underpins everything.
[00:25:04.640] 
If you’re good at managing your company,
[00:25:06.240] 
you’re good at managing your company for ESG,
[00:25:09.590] 
for health and safety and for profit.
[00:25:11.800] 
And I think, that’s why in many respects
[00:25:14.410] 
for an investor looking at ESG, it’s a good marker.
[00:25:18.080] 
If you’re successful at ESG,
[00:25:19.280] 
you’re probably a well managed company.
[00:25:21.860] 
In terms of outs and such like,
[00:25:23.870] 
I think you can look at things
[00:25:25.930] 
like the responsible mining foundations,
[00:25:28.630] 
RMI the index, looking at individual assets, for example,
[00:25:31.900] 
and get a sense there of companies.
[00:25:34.293] 
I think the picture is mixed.
[00:25:37.040] 
Don’t think I’m going to make a bit of an assertion,
[00:25:40.610] 
but I don’t think there’s a clear cut difference
[00:25:42.970] 
between privately held and publicly held
[00:25:46.440] 
dodging mining companies.
[00:25:48.300] 
But the caveat on that is,
[00:25:49.610] 
of course we don’t have as much data about the privately
[00:25:51.770] 
held companies.
[00:25:52.603] 
So I have to be a bit cautious in saying that
[00:25:55.950] 
and some of them are really good
[00:25:57.597] 
and some of them are not so good.
[00:25:59.420] 
And I think the same would be true
[00:26:00.873] 
of mid-size and (indistinct) for, I think,
[00:26:03.380] 
where there’s a real problem.
[00:26:04.360] 
And you might absolutely understand why is in art design
[00:26:08.190] 
on small mining where basically
[00:26:10.420] 
they just don’t have my point earlier.
[00:26:11.850] 
They don’t have the management capacity
[00:26:14.920] 
to think about some of these issues.
[00:26:16.270] 
It’s not, they don’t necessarily want to,
[00:26:18.328] 
it’s just, they haven’t got the capacity to do it.
[00:26:20.517] 
And so I think one of the huge challenges for the sector
[00:26:23.190] 
as a whole is how do we get those organizations up
[00:26:26.840] 
to a minimum standard?
[00:26:28.775] 
And I think that’s a huge challenge
[00:26:31.080] 
that we all really ought to be working on coming.
[00:26:32.783] 
I mean, I’m a chief executive of a membership organization,
[00:26:37.030] 
so I’m going to say this onsite,
[00:26:38.530] 
but I think one of the absolutely key elements
[00:26:40.720] 
of that is the standard of professionalism
[00:26:43.070] 
of individuals working in those spaces
[00:26:45.630] 
because professional mining engineers,
[00:26:48.930] 
and all the rest of it,
[00:26:50.270] 
we talked about working all of those companies,
[00:26:52.240] 
big, middle and small.
[00:26:53.740] 
They are in a sense, a common theme.
[00:26:56.410] 
And the more that we can do to make sure
[00:26:57.910] 
that they have the professional competencies
[00:26:59.430] 
necessary to act in this space, the more that will help.
[00:27:04.290] 
<encoded_tag_open />v -<encoded_tag_closed />Thank you very much, indeed.<encoded_tag_open />/v<encoded_tag_closed />
[00:27:05.404] 
Rainer if I could circle, sorry.
[00:27:08.720] 
Rainer do you want to.
[00:27:10.113] 
<encoded_tag_open />v -<encoded_tag_closed />Yes, I just would like to comment on Colin’s staples.<encoded_tag_open />/v<encoded_tag_closed />
[00:27:15.600] 
As I mentioned,
[00:27:16.433] 
I worked for a private company and where I don’t agree,
[00:27:20.470] 
you know, I’m a specialist for,
[00:27:24.036] 
I’m heading geology and mining team
[00:27:25.810] 
since almost three decades now.
[00:27:27.527] 
And I think what is the difference?
[00:27:29.390] 
And I experienced that when I hired
[00:27:34.305] 
experts from other business, is that sustainability.
[00:27:38.490] 
So the long-term aspect was always and focus.
[00:27:41.480] 
We have minimizing waste.
[00:27:43.146] 
So we already talked 20 years ago about a zero waste
[00:27:47.160] 
concept in our company.
[00:27:48.990] 
And then it simply because,
[00:27:51.234] 
we try to utilize the reserves as good as we can.
[00:27:57.340] 
We don’t like to downgrade the use of our stone.
[00:28:01.620] 
For example,
[00:28:02.453] 
if we can make a chemical product out of a stone,
[00:28:05.170] 
we don’t want to make aggregates out of it
[00:28:07.050] 
because it doesn’t make the profit.
[00:28:08.870] 
So a lot of these elements I think are driven
[00:28:11.213] 
by the fact that we are family owned
[00:28:13.610] 
and the family wants to secure the company
[00:28:15.846] 
for the next generations.
[00:28:17.900] 
That’s the way they are thinking.
[00:28:23.920] 
For example when we make plans, long-term migrants,
[00:28:26.730] 
we never look at a net present value is for example,
[00:28:31.140] 
like in other companies
[00:28:36.143] 
and,
[00:28:38.640] 
an aspect what is difficult for us in all the discussion
[00:28:42.340] 
is a time factor.
[00:28:44.250] 
Because as you know, in our business,
[00:28:45.977] 
we are huge CO2 producer.
[00:28:48.900] 
It’s due to our process we have in place.
[00:28:52.130] 
And, I look at our planet pillar,
[00:28:56.140] 
one of the challenge we have is to lower the ambitions.
[00:28:59.910] 
That simply requires a lot of technology,
[00:29:02.560] 
which is not available today.
[00:29:04.920] 
And so, our research department is working on that together
[00:29:08.960] 
with university that’s on,
[00:29:10.160] 
but it needs time to get that under control,
[00:29:14.330] 
to reduce infected CO2 emissions.
[00:29:17.940] 
That’s what we want to,
[00:29:19.290] 
it’s the same as energy.
[00:29:20.340] 
Energy is a little bit simpler for us because,
[00:29:25.105] 
there are a big sources,
[00:29:28.390] 
of alternative green energies for processes,
[00:29:32.656] 
but it’s also a bit depending
[00:29:36.760] 
where we are in which countries we are in,
[00:29:39.280] 
in Brazil, it’s coming already,
[00:29:41.610] 
since he has to operate part of our clans with sword,
[00:29:46.970] 
what is not possible in other,
[00:29:48.970] 
or in Spain, we do that,
[00:29:52.790] 
was the rays,
[00:29:55.740] 
from the olive oil production
[00:29:57.790] 
we can operate cancer.
[00:29:59.040] 
So we have this kind of things,
[00:30:01.190] 
but it’s a long process and these are challenges
[00:30:04.010] 
I would this and this will cost a lot of money,
[00:30:06.180] 
the investments,
[00:30:08.709] 
to reduce the CO2.
[00:30:09.780] 
And this is the STA problem according to this,
[00:30:13.010] 
also going, maybe in,
[00:30:14.970] 
what you mentioned
[00:30:16.110] 
is I asked myself and we had the biggest
[00:30:19.200] 
live producer of the world,
[00:30:20.360] 
but I asked myself if small family producers
[00:30:23.620] 
can handle this in the future.
[00:30:26.310] 
I think it will change the structure of our industry.
[00:30:31.070] 
<encoded_tag_open />v -<encoded_tag_closed />Rainer, thank you very much, indeed.<encoded_tag_open />/v<encoded_tag_closed />
[00:30:32.190] 
A lot of really good points.
[00:30:33.560] 
They’re very interesting.
[00:30:34.770] 
Can I come back to you,
[00:30:35.716] 
on two quick points
[00:30:40.020] 
employees,
[00:30:42.720] 
two questions,
[00:30:44.580] 
as you are, where you are and you go where you go
[00:30:48.550] 
and you have all these investments, et cetera,
[00:30:51.850] 
going back to the employee question.
[00:30:54.520] 
What is your experience of hiring employees
[00:30:58.860] 
in this current world?
[00:31:00.290] 
Are they upfront with their questions
[00:31:03.140] 
about your foreman’s
[00:31:05.900] 
about your ESG plans?
[00:31:08.160] 
Are they tuned into that?
[00:31:10.910] 
But surprisingly a lot or a little, what was the sort of,
[00:31:15.280] 
what are you detecting from bringing new talent
[00:31:18.260] 
into the business and where are on that awareness spectrum?
[00:31:27.850] 
<encoded_tag_open />v -<encoded_tag_closed />I’ll take it from my part.<encoded_tag_open />/v<encoded_tag_closed />
[00:31:30.700] 
Yeah, absolutely tuned into that.
[00:31:34.390] 
And maybe going back to the part of what Colin
[00:31:38.931] 
and we both Colin’s sort of, alluded to,
[00:31:41.390] 
I think it’s a bit heterogynous.
[00:31:43.432] 
I think that we have also has Liv mentioned
[00:31:48.060] 
that a generational factor, but not only that,
[00:31:52.980] 
certainly people who are starting off their careers
[00:31:56.960] 
in various functions
[00:31:59.230] 
are asking, the HR teams during the interview,
[00:32:04.140] 
a lot more questions about ESG topics.
[00:32:07.810] 
We see that,
[00:32:10.170] 
through the interview feedback
[00:32:12.590] 
and also through the request of the HR teams,
[00:32:15.550] 
to be more trained on how to respond to all
[00:32:18.840] 
of these types of questions that they weren’t seeing
[00:32:20.970] 
in the past.
[00:32:22.410] 
But I do think there’s a different element
[00:32:26.290] 
from country to country.
[00:32:27.320] 
There are certain countries that I think that the topic
[00:32:31.230] 
of sustainability or VAGD is a little bit more
[00:32:34.050] 
on the forefront.
[00:32:34.883] 
And that influences, I think the types of questions
[00:32:38.610] 
we see in interviews
[00:32:39.460] 
and I think it also the job market, you know,
[00:32:41.730] 
how tight the job market is and how much competition
[00:32:45.910] 
there is for a label sort of changes
[00:32:49.996] 
the demands that a potential employee will put on in,
[00:32:54.940] 
in the recruitment process.
[00:32:56.970] 
But that, I think also speaks to your former question
[00:32:59.540] 
as well, Colin, about, you know,
[00:33:00.950] 
different levels of maturity and gaps.
[00:33:03.890] 
I think that we have different countries
[00:33:08.590] 
and different markets where sustainability,
[00:33:11.695] 
has a stronger pole.
[00:33:13.510] 
And I think that that affects it in many ways,
[00:33:16.070] 
both in terms of standards and performance
[00:33:18.080] 
and the legislations, but also in terms
[00:33:20.110] 
of the future and current employees
[00:33:26.080] 
in engagement and sort of expectations
[00:33:28.870] 
on in terms of sustainability.
[00:33:32.370] 
<encoded_tag_open />v -<encoded_tag_closed />Yeah, thank you very much, indeed.<encoded_tag_open />/v<encoded_tag_closed />
[00:33:34.240] 
Thank you all very much for that.
[00:33:36.447] 
that’s another huge topic that we literally scratched the
[00:33:39.080] 
surface on, but I’ve read some really interesting points
[00:33:41.190] 
Come out.
[00:33:42.099] 
We’re going to flip gears slightly now,
[00:33:44.260] 
but picking up on some of the points mentioned,
[00:33:46.824] 
we’ll move into sort of technology now in digital
[00:33:51.160] 
data was mentioned right at the start.
[00:33:54.400] 
So let’s pick the spotlight on digital
[00:33:58.640] 
and Rainer thank you very much for the perfect segue.
[00:34:01.940] 
Digital transformation takes time to yield results.
[00:34:06.060] 
How do you see the industry building the case
[00:34:09.820] 
for significant investments, digital technology,
[00:34:13.730] 
whatever it is,
[00:34:15.050] 
and where the immediate payback NPVIRR
[00:34:19.370] 
is not there.
[00:34:22.570] 
And Rainer the very obvious place to go is yourself,
[00:34:26.650] 
but I’m going to pause for that for a second.
[00:34:29.100] 
If I actually just flip around to sequent now,
[00:34:32.360] 
and I actually asked them just to sort of perhaps change,
[00:34:35.580] 
you’d like to lead off on that question,
[00:34:38.760] 
because I think it would be very nice to sort of flip back
[00:34:40.900] 
to the point Rainer made earlier, but first and foremost,
[00:34:45.690] 
James, what’s your perspective on that from sequence
[00:34:50.000] 
vantage point?
[00:34:52.043] 
<encoded_tag_open />v -<encoded_tag_closed />Thanks, Colin.<encoded_tag_open />/v<encoded_tag_closed />
[00:34:53.270] 
Yeah, I think, I mean,
[00:34:54.170] 
digital transformation is always an interesting,
[00:34:57.047] 
conversation to have I think,
[00:34:59.739] 
but one of the angles to look at maybe as to why digital
[00:35:02.330] 
transformation projects can become so expensive
[00:35:04.860] 
in the first place and why you see delays
[00:35:07.070] 
in these things being implemented.
[00:35:09.010] 
And I think sometimes it might be the added complexity
[00:35:12.430] 
of trying to develop custom solutions.
[00:35:15.050] 
Other times it could be because the foundations
[00:35:17.410] 
of good data management have kind of been skipped
[00:35:19.420] 
over in the urgency to get to that new
[00:35:21.290] 
kind of big shiny solution.
[00:35:23.430] 
And I think it’s becoming more incumbent
[00:35:25.080] 
on software providers,
[00:35:26.030] 
such as sequence to work with industry partners,
[00:35:29.880] 
to share that burden of innovation.
[00:35:31.820] 
And we need to kind of help de-risk
[00:35:34.040] 
that value proposition of change.
[00:35:36.460] 
So, you know, the primary role of safe for leaders
[00:35:39.302] 
such as Emeris the industry is to extract the resources,
[00:35:41.650] 
to keep the global economy moving whilst also respecting
[00:35:44.850] 
their responsibilities to the environment in the communities
[00:35:48.330] 
they serve.
[00:35:49.420] 
So again, it’s, we, as that support and industry
[00:35:51.753] 
need to be developing the that support that goal.
[00:35:55.340] 
And we need to ensure that where there is investments
[00:35:57.680] 
being made it’s in those proven technologies.
[00:36:02.230] 
You know, I suppose, to build the case,
[00:36:06.090] 
if you have to build a case for significant investment
[00:36:08.540] 
where the usual measures of value, don’t initially stand up,
[00:36:11.587] 
we need to build that trust.
[00:36:15.060] 
We need to be able to trust and develop a culture
[00:36:16.840] 
that kind of embraces that change through
[00:36:18.950] 
probably through the successful execution of initiatives
[00:36:21.130] 
that present, I suppose, what you could call easy wins.
[00:36:24.416] 
And I think there’s still plenty of opportunities
[00:36:26.350] 
out there in the current environment
[00:36:28.000] 
that fit this criteria, where,
[00:36:30.867] 
you know, you can, there’s the low hanging fruit,
[00:36:34.360] 
if you will.
[00:36:35.330] 
And you know, the majority of those, again,
[00:36:37.420] 
revolve around a focus on great data management
[00:36:39.980] 
and reducing that uncertainty in the business.
[00:36:42.550] 
And I’ll see from a geology groups perspective,
[00:36:46.964] 
but, you know,
[00:36:48.310] 
where’s the greatest uncertainty in any minus supply chain.
[00:36:51.170] 
And it’s always at the front end of that resource,
[00:36:53.850] 
the uncertainty and a resource.
[00:36:55.210] 
If you can reduce it,
[00:36:56.043] 
there is going to add the greatest value
[00:36:57.330] 
to the rest of your minus supply chain.
[00:37:00.180] 
So obviously in our role is quite interesting
[00:37:03.070] 
because we get to see a lot of different customers
[00:37:04.700] 
that we work with.
[00:37:05.730] 
And we consistently see that huge benefit that customers
[00:37:08.500] 
are gaining through maximizing the value of the information
[00:37:11.610] 
they collect.
[00:37:13.290] 
Now, whether that’s improving security, access speed,
[00:37:16.190] 
or clarity of data,
[00:37:17.023] 
having those robust solutions in place
[00:37:19.300] 
that data at the center of any conversation
[00:37:21.660] 
will always lead to a better result.
[00:37:24.600] 
So, I mean, we’ve got examples from case studies.
[00:37:27.500] 
We’ve done a recent one with wholesome
[00:37:29.690] 
where they demonstrated how better use of their resource
[00:37:32.250] 
data led to from an environmental benefit
[00:37:34.900] 
led to a reduction in waste material by 150,000 tons a year
[00:37:38.800] 
and on to operate and savings over $3 million a year.
[00:37:42.150] 
And it’s, I think it’s those kinds of successes
[00:37:43.780] 
that we can then use to develop further business cases
[00:37:46.650] 
or simply provide confidence that further innovation
[00:37:48.990] 
and development where the payback
[00:37:51.170] 
is probably not as immediately clear,
[00:37:52.720] 
and it will, then hold true for where a dollar value
[00:37:56.180] 
is not the primary motivation.
[00:37:58.100] 
So if you take the example again,
[00:38:00.040] 
from a geography perspective of being able to minimize
[00:38:02.760] 
contaminant material before it ends up in the plant,
[00:38:04.960] 
or somewhere on waste dumps, you know,
[00:38:07.130] 
efficient management of that material significantly
[00:38:09.480] 
reduces the risk of future liabilities
[00:38:11.680] 
for companies, communities, environment.
[00:38:14.700] 
But if we can’t, you know, if we can’t measure,
[00:38:18.050] 
monitor and track that material, which all requires again,
[00:38:21.260] 
robust data management,
[00:38:22.650] 
then we’re not going to be able to prove
[00:38:23.970] 
the ongoing benefit.
[00:38:25.560] 
So yeah, I guess in summary,
[00:38:27.810] 
like software providers need to continue to step up
[00:38:30.650] 
and support industry partners.
[00:38:31.970] 
You know, we need to continue to develop the solutions
[00:38:34.090] 
that are in line with their business needs.
[00:38:35.510] 
I mean, it’s to make the case for larger investment
[00:38:38.320] 
in innovation and change by demonstrating the value
[00:38:41.090] 
of getting the basic things right.
[00:38:42.780] 
And we need that robust data management in place
[00:38:44.630] 
so we can measure and articulate the value
[00:38:46.660] 
of those initiatives that may evolve over years.
[00:38:49.780] 
<encoded_tag_open />v -<encoded_tag_closed />James, thank you very much in that.<encoded_tag_open />/v<encoded_tag_closed />
[00:38:51.277] 
I’m going to pick up particularly on, that data point.
[00:38:53.833] 
So, you know, clearly digital transformation
[00:38:57.330] 
in as an electrical, you know, sort of trucks,
[00:39:00.070] 
you know, sort of really renewed olive oil
[00:39:02.990] 
power you’re focusing on the area that you’ve mentioned
[00:39:07.500] 
about the data and the core analysis of that data.
[00:39:12.309] 
Rainer if I could come to yourself,
[00:39:15.414] 
how do you approach
[00:39:17.920] 
the investments
[00:39:20.826] 
where it’s not based on NPV,
[00:39:23.690] 
what is the culture?
[00:39:24.600] 
What have you had to change in your business
[00:39:27.590] 
to be able to make those longer term investments
[00:39:30.648] 
in the areas that James has been talking about
[00:39:35.030] 
where the traditional IRR and NVP business case
[00:39:38.624] 
is out the window,
[00:39:40.617] 
what have you had to change within your business
[00:39:43.500] 
to be able to do that?
[00:39:46.840] 
<encoded_tag_open />v -<encoded_tag_closed />Well, at first,<encoded_tag_open />/v<encoded_tag_closed />
[00:39:48.220] 
this is really an interesting question.
[00:39:51.280] 
I personally, I believe in the benefits,
[00:39:53.150] 
of the digitalization and I say believe
[00:39:56.500] 
because I also struggle to prove it.
[00:39:59.530] 
And that’s really an, it’s an issue
[00:40:03.504] 
also in our company,
[00:40:05.580] 
because when I asked
[00:40:08.746] 
for capital,
[00:40:11.290] 
I have to show the case
[00:40:14.190] 
even if we are long-term minded, we have to do that.
[00:40:17.107] 
And what we did,
[00:40:20.260] 
what I did like three years ago,
[00:40:23.000] 
I started to analyze one of our mining operational,
[00:40:26.410] 
what data are available.
[00:40:27.610] 
And the result of that is what we have a lot of data.
[00:40:30.485] 
And I think James knows that,
[00:40:32.570] 
in a weak point of
[00:40:38.517] 
is the data hosting.
[00:40:39.350] 
So the data are not sitting on one platform
[00:40:41.850] 
or in one system.
[00:40:42.810] 
So it’s not available to everybody,
[00:40:47.820] 
that’s why we are trying to find a platform
[00:40:52.530] 
where we can integrate the data.
[00:40:53.950] 
And we don’t want to replace all our systems.
[00:40:56.160] 
That would be a huge project,
[00:40:57.360] 
but we would like to integrate the data
[00:41:00.210] 
so that it is visible maybe in one dashboard or so,
[00:41:06.620] 
which could be modified to the function
[00:41:10.200] 
of who’s using the dashboard.
[00:41:12.890] 
That’s what we believe.
[00:41:15.840] 
That’s the next step.
[00:41:16.907] 
After this analyze, we looked at the gaps we have,
[00:41:21.100] 
and we are trying now to fill the gaps in data gathering.
[00:41:23.902] 
And this is where we were,
[00:41:27.470] 
where it requires some investments
[00:41:30.648] 
that this is not for free.
[00:41:31.910] 
And that’s where the that’s my current discussion
[00:41:38.120] 
with the management,
[00:41:40.290] 
if we should spend money in this field or not.
[00:41:43.527] 
But I, again, I personally believe in it
[00:41:46.830] 
because looking at the general trends in the industry,
[00:41:50.150] 
all the companies made money with their data.
[00:41:52.390] 
And wait, I think I strongly believe
[00:41:54.480] 
that we have to utilize our data in a better way
[00:41:57.970] 
to what James we’re stating.
[00:42:00.020] 
And this fits also, I think,
[00:42:01.330] 
in this discussion that the knowledge,
[00:42:05.030] 
of the depth of the detail knowledge,
[00:42:08.152] 
and I think it’s a foundation,
[00:42:09.550] 
to manage the deposit in a sustainable way.
[00:42:12.895] 
What I told you that we try to minimize waste,
[00:42:15.990] 
and we only can minimize waste when we know
[00:42:18.470] 
where do we have a potential to blend
[00:42:20.170] 
where and what’s, the best sequencing in the mine plan,
[00:42:28.260] 
to enable us to blend and these things.
[00:42:30.730] 
And for that I think
[00:42:34.181] 
we need it this is a basis,
[00:42:35.870] 
but this is already existing
[00:42:37.190] 
since in most of our operations,
[00:42:39.240] 
not everywhere, but most of our operation.
[00:42:41.970] 
<encoded_tag_open />v -<encoded_tag_closed />Rainer thank you very much indeed.<encoded_tag_open />/v<encoded_tag_closed />
[00:42:44.280] 
Let me see if I can come around to yourself.
[00:42:47.300] 
So you look after clearly, not just across mining,
[00:42:50.207] 
but can you have a broader back to the cross environment
[00:42:54.880] 
perhaps lends itself to a little bit,
[00:42:56.427] 
bit of a longer term investment profile,
[00:42:59.370] 
and that’s sort of what we’re looking at.
[00:43:02.256] 
Yeah.
[00:43:03.089] 
James what’s your perspective in digital transformation
[00:43:05.390] 
in regard to the conversation?
[00:43:09.080] 
<encoded_tag_open />v -<encoded_tag_closed />I think that both James and Rainer<encoded_tag_open />/v<encoded_tag_closed />
[00:43:11.560] 
or point out the biggest challenge
[00:43:14.280] 
and that is the access to the information, right?
[00:43:18.600] 
It’s becoming easier and easier to collect the information
[00:43:22.350] 
and all the customers we talk to in every segment,
[00:43:25.950] 
you know, be it mining or infrastructure or environment
[00:43:30.500] 
are getting inundated in data today.
[00:43:32.718] 
But the data inevitably sits in different systems
[00:43:38.292] 
and architectures and places and platforms
[00:43:42.070] 
and all of those right.
[00:43:44.370] 
And as a software provider, they own this on us and our,
[00:43:48.224] 
and our colleague businesses to become less siloed
[00:43:52.991] 
and only, you know, walled gardens.
[00:43:55.200] 
I use the analogy, walled gardens a lot, right.
[00:43:58.100] 
We need to move away from walled gardens
[00:44:00.630] 
and to open data standards
[00:44:05.750] 
and processes so that it isn’t, you know,
[00:44:10.810] 
a new for, you know,
[00:44:13.630] 
chromed project,
[00:44:14.980] 
every time some company needs a system, right.
[00:44:17.760] 
That you can, you know, pick an old windows added,
[00:44:22.470] 
you know, it’s plug and play.
[00:44:24.330] 
Right.
[00:44:25.893] 
And I see the industry,
[00:44:28.920] 
unfortunately slowly moving in that direction.
[00:44:31.700] 
You know, they’re not all software vendors
[00:44:34.120] 
are like sequence and believe in a very open environment.
[00:44:40.351] 
But, you know, my view is that, you know,
[00:44:42.510] 
our industry needs to be better at providing open systems
[00:44:47.140] 
so that it makes it easier for everyone to get access
[00:44:50.360] 
to data because it facilitates many things.
[00:44:54.950] 
You know, it facilitates that an operator
[00:44:58.520] 
of a bucket loader at a site can actually see
[00:45:02.220] 
after the blast,
[00:45:04.180] 
which material is which right.
[00:45:06.190] 
You can do that today.
[00:45:07.690] 
And it facilitates that all the different stakeholders
[00:45:11.020] 
can get a better insight and comment on, you know,
[00:45:15.530] 
on a proposed mine expansion.
[00:45:17.507] 
Right?
[00:45:18.586] 
It’s all of those things that it can facilitate
[00:45:22.800] 
if all those hurdles in between, on the data connectivity
[00:45:26.140] 
are you know, either lowered or removed.
[00:45:30.546] 
<encoded_tag_open />v -<encoded_tag_closed />Thank you very much indeed.<encoded_tag_open />/v<encoded_tag_closed />
[00:45:32.410] 
I’m going to flick Rainer or Craig, from your perspective,
[00:45:35.900] 
sitting in a sort of, you know,
[00:45:37.930] 
looking in this industry,
[00:45:39.670] 
what is your perspective on the digital transformation
[00:45:45.050] 
paradigm across the industry?
[00:45:47.572] 
How are you seeing, what are you picking up?
[00:45:49.960] 
Is it ubiquitous?
[00:45:51.000] 
Is it helping have people embraced it
[00:45:53.740] 
or is there still hesitation?
[00:45:57.740] 
<encoded_tag_open />v -<encoded_tag_closed />Well, I think,<encoded_tag_open />/v<encoded_tag_closed />
[00:46:00.386] 
as Rainer alluded
[00:46:04.438] 
to it can be seen as,
[00:46:06.457] 
as a moonshot really sometimes when you’re,
[00:46:08.370] 
tackling processes and technologies
[00:46:11.070] 
that have been in place for decades.
[00:46:13.037] 
But I think that if you look for example,
[00:46:16.490] 
at how the power of battery has evolved,
[00:46:20.440] 
just even in the past five years,
[00:46:23.480] 
they couldn’t power anything 10 years ago.
[00:46:26.640] 
And we look for what can be achieved by technology.
[00:46:29.810] 
I think that it’s really important that perhaps companies
[00:46:32.980] 
focus on specific goals at the start,
[00:46:36.290] 
the pathways to more ESG friendly technologies
[00:46:39.850] 
and all, they then look at new technologies,
[00:46:42.240] 
but I think they need to keep a broad mind
[00:46:44.730] 
when it comes to exploring experimental
[00:46:47.450] 
and you opening areas.
[00:46:50.550] 
I think that’s particularly important
[00:46:51.900] 
because for many companies,
[00:46:54.070] 
the processes haven’t been formulated yet
[00:46:56.420] 
of how they’re actually going to tackle using technology
[00:46:59.450] 
to ESG goals.
[00:47:03.510] 
The management mindset needs to see it as important
[00:47:06.030] 
as productivity, really,
[00:47:07.590] 
for the longevity of the company and the wider industry.
[00:47:10.880] 
And then if the metrics set at the start are wrong,
[00:47:14.140] 
then everything could be wrong that they had done
[00:47:16.500] 
at the end of the road.
[00:47:17.970] 
So I think that when considering new technologies
[00:47:20.940] 
change management, it’s critical in terms of clashes.
[00:47:24.470] 
There may be clashes with the engineering side
[00:47:26.820] 
of businesses, but comes back to this license to operate.
[00:47:31.380] 
And sustainability depends on getting
[00:47:33.420] 
those data processes right.
[00:47:35.890] 
And basically incentivize everyone to play their own part.
[00:47:40.750] 
<encoded_tag_open />v -<encoded_tag_closed />Great, thank you very much, indeed.<encoded_tag_open />/v<encoded_tag_closed />
[00:47:41.970] 
Some really interesting points there
[00:47:43.490] 
we’re going to dwell on digital,
[00:47:46.200] 
just a couple more points.
[00:47:49.520] 
Picking up on that point that you’ve made Craig
[00:47:52.810] 
about mindset and aligning stakeholders
[00:47:56.400] 
and having the right metrics.
[00:47:58.500] 
Leah, if I could come around to you,
[00:48:01.960] 
what’s your experience of that?
[00:48:03.490] 
So, you know, sort of digital transformation,
[00:48:05.570] 
great you know, software,
[00:48:07.687] 
but people have different mindsets,
[00:48:10.269] 
people have different motivations.
[00:48:12.690] 
What is your experience of that sort of human aspect
[00:48:16.170] 
of digital transformation
[00:48:18.170] 
and making sure that the stakeholders
[00:48:19.930] 
are lined up with a clear set of metrics
[00:48:22.793] 
of what we’re trying to achieve versus a high level
[00:48:26.400] 
that’s just transformed.
[00:48:27.995] 
What’s your experience?
[00:48:30.470] 
<encoded_tag_open />v -<encoded_tag_closed />Oh, that’s a very tough question.<encoded_tag_open />/v<encoded_tag_closed />
[00:48:32.710] 
You’ve, asked a Colin,
[00:48:35.000] 
I’ll take it maybe in two parts.
[00:48:36.260] 
I think that one is changed management,
[00:48:39.700] 
of people, as in any type of transformation,
[00:48:43.760] 
you have to make sure that, if you have different mindsets
[00:48:48.740] 
and you’re talking about sort of almost a cultural shift
[00:48:51.290] 
inside your organization,
[00:48:52.510] 
even if it’s driven by some digital elements
[00:48:55.420] 
that needs to be properly accompanied and managed,
[00:48:59.710] 
it means, you know, giving people different tools
[00:49:03.645] 
that are or asking them to give in different data
[00:49:05.230] 
into a new system.
[00:49:06.480] 
And you need to, I think sufficiently
[00:49:09.091] 
anticipate making sure that they understand why,
[00:49:13.428] 
and they understand how they’re going to need
[00:49:15.740] 
to be reporting and what they’re going to be reporting
[00:49:18.330] 
in and when it’s for.
[00:49:19.163] 
And then,
[00:49:20.090] 
so that means the different types of training
[00:49:22.101] 
and adaptation.
[00:49:23.360] 
So I think that’s the first element,
[00:49:25.100] 
but I think I’m going to kind of come back
[00:49:28.040] 
to part of the original question was about,
[00:49:30.011] 
you know, the importance of digital transformation.
[00:49:34.930] 
And I think it’s so key because I think one of the main
[00:49:37.840] 
drivers from all of the stakeholders
[00:49:40.040] 
that we talked about in the beginning is about transparency.
[00:49:43.070] 
It’s about being able to show
[00:49:45.640] 
that we are responsible operators,
[00:49:48.557] 
and we can only do that if we can have a degree
[00:49:51.180] 
of transparency that is supported by data.
[00:49:53.980] 
And so supported by data speaks to all of the points
[00:49:56.840] 
that correct a mine right now,
[00:49:58.110] 
I mentioned about the integration of these data systems
[00:50:02.600] 
in a way that the people can manage,
[00:50:03.961] 
but transparency also means being able to show
[00:50:09.479] 
kind of not only where we are
[00:50:10.887] 
in terms of our operations,
[00:50:12.410] 
but where we’re going into the future.
[00:50:15.450] 
So that’s also driven by data.
[00:50:18.640] 
That’s also driven by these digital tools.
[00:50:20.850] 
So again, to come back to what I said at the beginning
[00:50:23.130] 
it’s life cycle assessments, those are really driven
[00:50:27.040] 
by new data’s new databases that need to connect
[00:50:30.300] 
to different systems.
[00:50:32.670] 
It means integrating
[00:50:36.050] 
an internal carbon price, for example,
[00:50:38.270] 
into a CapEx process to sort of speak to about
[00:50:43.010] 
Rainer said, you know, about being able to valorize
[00:50:45.160] 
the ESG component in,
[00:50:48.660] 
the way we assess products and all of those data-driven
[00:50:52.950] 
elements have a human element behind
[00:50:56.460] 
because these are new.
[00:50:59.230] 
Well, they’re not new as in just yesterday,
[00:51:01.470] 
but they’re often new additions to an existing process.
[00:51:05.490] 
And we need to make sure that we’re sufficiently
[00:51:09.090] 
clear about the why,
[00:51:10.770] 
how they’re linked to our group strategy going forward,
[00:51:14.410] 
why we need this metric and how each individual
[00:51:18.890] 
sort of data provider is contributing to a larger picture.
[00:51:22.670] 
Otherwise we’re probably going to fall into,
[00:51:27.074] 
the pitfall of, you know, poorly reported data,
[00:51:30.810] 
or, you know, not understanding why this,
[00:51:33.960] 
there’s data integration and this digital transformation
[00:51:37.070] 
is so important for achieving the ESG
[00:51:41.250] 
driven ambition now that we might have.
[00:51:44.180] 
<encoded_tag_open />v -<encoded_tag_closed />Leah, thank you very much, indeed.<encoded_tag_open />/v<encoded_tag_closed />
[00:51:45.551] 
And final question on digital.
[00:51:49.610] 
Liv if I could come back to your vantage point
[00:51:53.790] 
in Accenture,
[00:51:56.370] 
what would your advice be to companies
[00:52:01.360] 
looking to start accelerate down
[00:52:03.910] 
the digital transformation track?
[00:52:08.787] 
<encoded_tag_open />v -<encoded_tag_closed />Great question.<encoded_tag_open />/v<encoded_tag_closed />
[00:52:10.170] 
And I’m going to pick up on what a number of people
[00:52:12.350] 
have said here.
[00:52:13.263] 
First of all, don’t focus on digital.
[00:52:15.580] 
In fact, we don’t call it digital transformation
[00:52:17.780] 
in Accenture anymore at all,
[00:52:19.350] 
we call it data-driven transformation
[00:52:21.810] 
and we’ve even, we had five divisions of Accenture,
[00:52:24.570] 
one of which was Accenture digital,
[00:52:26.520] 
which 18 months ago now disappeared because digital
[00:52:30.010] 
is a given it’s written through everything.
[00:52:34.200] 
And one of the difficulties of realizing
[00:52:36.530] 
value from digital transformation
[00:52:38.760] 
when it first became a high priority,
[00:52:41.300] 
six, seven, eight years ago was the fact
[00:52:43.440] 
that it was very technology led
[00:52:45.974] 
not purpose and data led.
[00:52:49.580] 
And to pick up on James’s point
[00:52:51.760] 
about saying the foundations of data management
[00:52:54.140] 
and often skipped over,
[00:52:55.630] 
because it was a case of looking at these digital
[00:52:57.810] 
technologies and thinking, well, this is fantastic.
[00:53:00.650] 
Where can we implement it rather than looking
[00:53:03.070] 
at the business and the business need
[00:53:05.610] 
and understanding where your risks are
[00:53:07.890] 
and where the value opportunity is,
[00:53:10.581] 
and then examining, okay, bearing in mind those focus areas,
[00:53:15.300] 
what data do we need to understand the current situation?
[00:53:19.149] 
So you need that situation awareness and the baseline
[00:53:22.390] 
to know where you’re starting from,
[00:53:24.500] 
what conditions you’re starting with,
[00:53:26.890] 
and then what insights do we need to generate
[00:53:29.360] 
and what data capabilities do we need to enable
[00:53:32.631] 
in order to be able to solve
[00:53:34.390] 
for those in what the relevant time horizon.
[00:53:38.290] 
And that’s really key because also at the very beginning
[00:53:41.530] 
of the whole digital transformation piece,
[00:53:44.090] 
the mindset was let’s digitize everything.
[00:53:47.500] 
That’s how all data, all days is equal.
[00:53:49.530] 
All data should be digitized and it should all be
[00:53:52.020] 
in one massive place.
[00:53:54.310] 
And in fact, that’s not the case.
[00:53:56.210] 
You need to be strategic about it,
[00:53:58.280] 
and you need to look up for that particular business need
[00:54:02.880] 
not operating in silos.
[00:54:04.660] 
It’s very important to,
[00:54:05.830] 
not look at things in isolation, to,
[00:54:07.980] 
to factor in dependencies and constraints of other segments
[00:54:11.530] 
of the value chain or other processes that may be impacted,
[00:54:15.880] 
excuse the helicopter, going overhead.
[00:54:19.080] 
It is very important to be strategic about it.
[00:54:21.870] 
So what is the business need?
[00:54:23.210] 
It was based on risk and value opportunity.
[00:54:26.370] 
What data do you need to actually understand
[00:54:29.620] 
the conditions and situate,
[00:54:31.560] 
I give you that situation awareness,
[00:54:33.174] 
what insights could you generate to solve for that?
[00:54:37.223] 
And therefore, how,
[00:54:39.540] 
what technology do you need to implement,
[00:54:42.390] 
or expand or develop in to enable
[00:54:45.189] 
that solving of whatever the business need is.
[00:54:49.190] 
And that’s the approach we take very much.
[00:54:51.410] 
Data-driven.
[00:54:52.760] 
<encoded_tag_open />v -<encoded_tag_closed />Liv thank you very much indeed.<encoded_tag_open />/v<encoded_tag_closed />
[00:54:54.748] 
We’ve got five minutes left,
[00:54:57.200] 
so we’re going to flick onto the final topic
[00:55:00.050] 
and I actually would change the sort of tone on this.
[00:55:03.500] 
Hopefully I’ll get a very specific question.
[00:55:05.510] 
I just like to go around everyone
[00:55:06.980] 
and get your surgeon succinct, answer on this one.
[00:55:09.525] 
And we’re going to pick up on that point, data.
[00:55:15.570] 
So the final sort of theme is standards.
[00:55:17.441] 
So you’ve talked about integration,
[00:55:21.010] 
you’ve talked about transparency
[00:55:23.000] 
and Liv you’ve made a wonderful point of,
[00:55:25.090] 
don’t talk about digital.
[00:55:26.080] 
It’s all about data.
[00:55:27.050] 
So we’re in the world of data.
[00:55:28.320] 
So the question to all of you is how important
[00:55:32.117] 
are our standards, data standards,
[00:55:35.820] 
and how far does in that
[00:55:41.360] 
we’d like to start Liv.
[00:55:45.910] 
Should we start with you?
[00:55:51.400] 
<encoded_tag_open />v -<encoded_tag_closed />Do you mean standard specific CSG<encoded_tag_open />/v<encoded_tag_closed />
[00:55:53.570] 
or standards around data,
[00:55:56.182] 
generally.
[00:55:58.150] 
<encoded_tag_open />v -<encoded_tag_closed />I guess, standards around data,<encoded_tag_open />/v<encoded_tag_closed />
[00:55:59.860] 
generally that play into ESG,
[00:56:01.570] 
but standards around data.
[00:56:04.557] 
<encoded_tag_open />v -<encoded_tag_closed />The standards that you, it depends.<encoded_tag_open />/v<encoded_tag_closed />
[00:56:07.770] 
It depends on each individual company really,
[00:56:11.660] 
as to what data’s done, that you might put into place,
[00:56:15.810] 
what data models you might develop.
[00:56:17.940] 
It depends on the area of the business,
[00:56:21.290] 
the function, the discipline,
[00:56:23.877] 
it is important to have standards,
[00:56:26.740] 
but I think it was Leah that mentioned the importance,
[00:56:29.257] 
of enabling we’ve got impacts of different geographies.
[00:56:33.080] 
And within a company you’re going to have nuances
[00:56:36.850] 
between the different geographies in terms of the data
[00:56:40.190] 
that they need.
[00:56:42.100] 
Obviously, a lot of overlaps in many disciplines,
[00:56:44.630] 
but the data that they need
[00:56:45.810] 
and also the data that they have access to.
[00:56:48.780] 
And there may be some restrictions around that.
[00:56:50.660] 
So data standards,
[00:56:52.372] 
there’s an element that can be company-wide,
[00:56:55.810] 
but actually you need to allow for the nuances
[00:56:58.050] 
of geographies,
[00:56:58.883] 
you need to allow for the nuances of different stages
[00:57:01.480] 
of a project life cycle or different segments
[00:57:04.190] 
of the value chain?
[00:57:05.520] 
<encoded_tag_open />v -<encoded_tag_closed />Okay, Liv thank you very much.<encoded_tag_open />/v<encoded_tag_closed />
[00:57:07.104] 
<encoded_tag_open />v -<encoded_tag_closed />Leah over to you.<encoded_tag_open />/v<encoded_tag_closed />
[00:57:08.420] 
<encoded_tag_open />v -<encoded_tag_closed />Yeah, no, I would, I would almost take it<encoded_tag_open />/v<encoded_tag_closed />
[00:57:12.330] 
probably similar, but any other way around,
[00:57:14.750] 
I think if there was a greater harmonization
[00:57:18.610] 
of some ESG standards across
[00:57:23.190] 
industries,
[00:57:24.640] 
it would certainly facilitate data management.
[00:57:27.430] 
I think the real challenge we face is we are bombarded
[00:57:31.070] 
by a multiplicity of standards for different markets,
[00:57:35.950] 
for different segments of our industry,
[00:57:38.690] 
and then different geographies as Liv mentioned.
[00:57:41.270] 
And if there was like, there is in,
[00:57:44.330] 
in finance a little bit more of a consensus
[00:57:47.960] 
on ESG standards that would simplify considerably
[00:57:53.647] 
the data standard or the data management element,
[00:57:57.000] 
we would need, again, as Liv
[00:57:58.480] 
said, some room for adjustment,
[00:58:01.690] 
but it would be a much simpler ecosystem
[00:58:04.266] 
than the one we’re facing now.
[00:58:06.230] 
And I think that’s the call you hear from all sustainability
[00:58:09.980] 
professionals, in any cases,
[00:58:10.941] 
the quest for a little bit more of a harmonization
[00:58:14.960] 
in standards internationally.
[00:58:16.948] 
<encoded_tag_open />v -<encoded_tag_closed />Thank you very much.<encoded_tag_open />/v<encoded_tag_closed />
[00:58:17.883] 
Rainer.
[00:58:19.204] 
<encoded_tag_open />v -<encoded_tag_closed />I think it’s data standardization is extremely important,<encoded_tag_open />/v<encoded_tag_closed />
[00:58:23.600] 
especially for a, for a company which
[00:58:25.740] 
has operation many different countries.
[00:58:31.500] 
This is one,
[00:58:34.913] 
precondition for me to,
[00:58:36.000] 
to talk the same language.
[00:58:37.540] 
You know, if,
[00:58:38.400] 
if we cannot exchange data and things getting
[00:58:43.100] 
very important.
[00:58:43.933] 
And the practical example of that when,
[00:58:46.610] 
when I look at the last a decade or maybe last 15 years,
[00:58:52.140] 
how much time we spent in data preparation and just to
[00:58:56.930] 
present, you know, we are really,
[00:58:58.780] 
I think my experts,
[00:59:00.160] 
I spent at least one third of the time, not in the field,
[00:59:03.560] 
but to create PowerPoints
[00:59:05.140] 
just to report.
[00:59:08.860] 
And I think this is not directly ESG
[00:59:11.207] 
but the data standardization is the precondition
[00:59:13.490] 
to work with dashboards, to work with standard information,
[00:59:19.590] 
which are easier to understand an easier to come
[00:59:22.870] 
to communicate, but also to understand by the management,
[00:59:25.620] 
if we report.
[00:59:28.010] 
And, then the other aspect of course,
[00:59:30.790] 
is exchange of information between the different systems.
[00:59:34.926] 
We see that, for example, in the,
[00:59:36.520] 
in the moment we are looking at, at our fleet data,
[00:59:40.380] 
and of course we don’t have homogeneous fleets,
[00:59:42.600] 
we have all
[00:59:45.610] 
kind of producers and our operations.
[00:59:46.966] 
And also there it’s would be nice if,
[00:59:50.090] 
if they would agree on one standard.
[00:59:52.240] 
And I know that there are efforts to do that
[00:59:54.600] 
so that we, that we can utilize the data very well.
[00:59:59.220] 
I think it’s, it’s very important,
[01:00:00.600] 
and re we have a high focus on that in the moment.
[01:00:03.334] 
<encoded_tag_open />v -<encoded_tag_closed />Rainer, thank you very much, indeed.<encoded_tag_open />/v<encoded_tag_closed />
[01:00:04.560] 
I’m conscious we’re over the RSO.
[01:00:06.510] 
So Craig grind to yourself for a quick assigned bite
[01:00:09.850] 
on standards.
[01:00:11.640] 
<encoded_tag_open />v -<encoded_tag_closed />Yeah, very quickly.<encoded_tag_open />/v<encoded_tag_closed />
[01:00:12.710] 
I would just say that in my view,
[01:00:14.220] 
the data standards feed into wider standards, essentially.
[01:00:18.070] 
I think for example,
[01:00:18.940] 
the tailing standards have been a success
[01:00:21.520] 
and you see initiatives like the Corporal Mark,
[01:00:24.066] 
Caldwell Traceability initiatives are making great inroads.
[01:00:26.300] 
I think these are important as customers become more aware
[01:00:29.150] 
of the source of their metals
[01:00:30.530] 
and legislation’s implemented and those things,
[01:00:33.340] 
but it also comes back to data transparency
[01:00:35.870] 
and stake holder collaboration, as we mentioned,
[01:00:38.160] 
because I feel that this data will need to be,
[01:00:42.010] 
and these standards will need to be in place to facilitate
[01:00:44.840] 
all the automation and electrification initiatives
[01:00:47.983] 
and the automation of ESG metrics.
[01:00:51.480] 
But I also feel that ESG
[01:00:54.990] 
data monitoring
[01:00:56.340] 
is really just at the start of this journey in mining.
[01:00:58.530] 
So I think there’s a lot of road left there.
[01:01:00.710] 
<encoded_tag_open />v -<encoded_tag_closed />Great, thank you very much, indeed.<encoded_tag_open />/v<encoded_tag_closed />
[01:01:02.925] 
And Colin, we’re coming to you for the final word.
[01:01:05.540] 
I’ll just jump quickly to Thomas and James,
[01:01:08.730] 
a quick sound bite from Thomas and James
[01:01:11.270] 
in regard to standards and data.
[01:01:14.370] 
<encoded_tag_open />v -<encoded_tag_closed />I say that the sequence has always supported standards.<encoded_tag_open />/v<encoded_tag_closed />
[01:01:17.610] 
I mean, we were implementable in divine design
[01:01:20.760] 
and implementing,
[01:01:21.593] 
for example, the OMS standard,
[01:01:23.353] 
but, you know, standards,
[01:01:26.430] 
you know, would save societies just so much time
[01:01:29.060] 
and effort and money and you know,
[01:01:30.269] 
and many of the challenges have been talked about,
[01:01:33.790] 
just using the data and moving it along
[01:01:36.330] 
are due to the lack of standards
[01:01:37.960] 
as well as failed software projects.
[01:01:40.400] 
So I think standards are always good.
[01:01:43.670] 
It makes life easier and more efficient.
[01:01:46.960] 
It’s ESG it felt really
[01:01:48.660] 
right?
[01:01:50.970] 
<encoded_tag_open />v -<encoded_tag_closed />Yeah, probably just to add to that.<encoded_tag_open />/v<encoded_tag_closed />
[01:01:52.270] 
I mean, I think there’s two points to that.
[01:01:53.500] 
One is that again, it’s on software providers,
[01:01:55.650] 
such as ourselves to design the, as you said,
[01:01:58.397] 
the open platforms that can take different data formats.
[01:02:01.460] 
So we’re not locking ourselves down to one particular thing.
[01:02:04.820] 
So to make it as open as possible.
[01:02:06.413] 
And the other point has made earlier about how do we raise
[01:02:09.010] 
the entire industry?
[01:02:09.910] 
So how do we bring up those, this smaller producers?
[01:02:12.270] 
And I think it’s again important for the larger companies
[01:02:16.157] 
to set those standards and that makes easier for others
[01:02:19.810] 
to follow.
[01:02:20.643] 
So whether that is data or ESG standards,
[01:02:24.599] 
if we ca lead then we can bring everybody
[01:02:27.013] 
else up with that.
[01:02:28.950] 
<encoded_tag_open />v -<encoded_tag_closed />James, thank you very much indeed.<encoded_tag_open />/v<encoded_tag_closed />
[01:02:30.857] 
Dr. Colin final word.
[01:02:33.790] 
<encoded_tag_open />v -<encoded_tag_closed />I agree with everything.<encoded_tag_open />/v<encoded_tag_closed />
[01:02:34.623] 
Everyone has to set the additional aspect
[01:02:36.700] 
I’d put onto it,
[01:02:37.570] 
which we sort of tickled if you like,
[01:02:39.664] 
is the importance of data standards for the supply chain.
[01:02:42.223] 
I think Craig was particularly mentioning this,
[01:02:44.520] 
but, you know,
[01:02:46.730] 
a bunch of my members specialize in lifecycle analysis.
[01:02:50.150] 
If the only data you’ve got is from niobium mining
[01:02:54.090] 
in Brazil, for example, that’s the data you have to use,
[01:02:58.160] 
and that may not be representative of niobium
[01:03:01.120] 
mining anywhere else.
[01:03:02.640] 
And if that data is either not available or available
[01:03:05.673] 
in a very weird kind of way at data standards,
[01:03:08.790] 
you’ve got a real problem with understanding
[01:03:10.690] 
the impact of the whole supply chain.
[01:03:12.030] 
And I think that’s becoming much more of interest
[01:03:15.160] 
to the downstream user of the things that our industries
[01:03:17.630] 
are delivering.
[01:03:19.120] 
So I agree with everything else,
[01:03:20.890] 
but also data standards to enable that supply chain
[01:03:24.070] 
transparency to work properly.
[01:03:27.740] 
<encoded_tag_open />v -<encoded_tag_closed />Colin, thank you very much, indeed.<encoded_tag_open />/v<encoded_tag_closed />
[01:03:29.170] 
We are three minutes over the time, my apologies,
[01:03:32.280] 
terrible motivations,
[01:03:33.545] 
and I’m afraid that’s all we have time for today.
[01:03:36.580] 
Thank you all for the perspectives, some brilliant points.
[01:03:39.780] 
So it’s very clear that ESG is ubiquitous across
[01:03:42.360] 
stakeholders, not just from employees but customers,
[01:03:45.970] 
but to investors as well.
[01:03:48.440] 
Interesting point around how ESG can be a proxy
[01:03:51.890] 
for good management and a metric for that.
[01:03:54.780] 
So I think that’s an interesting point
[01:03:58.060] 
at the core of digital transformation are humans
[01:04:01.300] 
and change management.
[01:04:02.210] 
So Leah has some really interesting points there,
[01:04:05.120] 
and I think what’s come out from the beginning
[01:04:07.950] 
of this conversation and we finish on it
[01:04:10.250] 
is it’s not digital it’s data
[01:04:13.510] 
and everything that goes with that transparency
[01:04:15.810] 
integration standards.
[01:04:17.460] 
So lots of really interesting points.
[01:04:19.410] 
I just like to extend a sequence deep,
[01:04:22.540] 
thanks to all of you for taking the time.
[01:04:26.510] 
Craig, Colin, Liv, Leah and Rainer.
[01:04:30.370] 
Thank you all very much.
[01:04:31.960] 
Indeed.
[01:04:32.900] 
A delight to meet with you.
[01:04:35.780] 
Thank you for taking the time.
[01:04:37.100] 
Thank you for making yourselves available.
[01:04:38.700] 
Your views have been hugely, hugely valuable to the session.
[01:04:42.350] 
So thank you all very much.
[01:04:44.010] 
And I hope I haven’t chewed into too much
[01:04:46.309] 
of the next meeting.
[01:04:48.250] 
Thank you all very much, indeed.
[01:04:49.540] 
<encoded_tag_open />v -<encoded_tag_closed />Great you welcome..<encoded_tag_open />/v<encoded_tag_closed />
[01:04:51.190] 
<encoded_tag_open />v -<encoded_tag_closed />Thank you.<encoded_tag_open />/v<encoded_tag_closed />
[01:04:52.023] 
<encoded_tag_open />v -<encoded_tag_closed />Thank you.<encoded_tag_open />/v<encoded_tag_closed />
[01:04:52.959] 
(inaudible)
[01:04:55.920] 
<encoded_tag_open />v -<encoded_tag_closed />Bye<encoded_tag_open />/v<encoded_tag_closed />
<wpml_invalid_tag original=”PHA+” />[01:04:57.110] 
<encoded_tag_open />v -<encoded_tag_closed />Bye.<encoded_tag_open />/v<encoded_tag_closed />

Mineração industrial – mudanças em ESG no setor de mineração – de ameaças a oportunidades

As empresas de mineração com desempenho significativo em governança ambiental, social e corporativa (ESG, Environmental, Social and Corporate Governance) podem aproveitar vantagens competitivas de ESG, como estabelecer preços mais altos dos materiais.

Faça o download do artigo completo sobre insights de ESG no setor de mineração industrial

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