GRI Conference - 27 May - Elizalda - Mining and Metal Sector SupplementPresentation Transcript
CSR, Mineral Exploration and the Challenge of Accountability Bernarda Elizalde, Program Director Sustainable Development Prospectors and Developers Association of Canada ● May 27, 2010 ● GRI Global Conference ● Amsterdam, The Netherlands
Number of Companies Size and HQ location Source: Metals Economics Group Junior Interm. Senior Gov’t. Other TOTAL Canada 1087 21 7 1116 Australia 498 21 4 1 3 527 U.S.A 102 5 3 110 Europe 102 6 8 1 117 Africa 29 5 5 39 Latin America 13 13 4 1 31 Rest of World 10 17 8 5 40
Nothing against to benchmark, and no reporting system applicable to the exploration sector
CSR context and realities Environmental Social Human Rights and ethical practice
Majority have no revenue
Show results in a short
Lack of CSR guidelines
The need to improve practices and reporting in the exploration industry
CSR performance of industry sectors
CSR performance of industry sectors over time
The CSR performance - expectation gap
Tackling the challenges
Meeting the GRI
The aim of the partnership
Create a practical reporting system that would be applicable, convergent, and complementary to other reporting systems such as the capital market, or other governmental regulation systems.
The PDAC and GRI agreed that we would need to:
Create a model report for each exploration stage (early, intermediate, and advanced exploration)
Ask exploration companies to apply some sections of the already developed GRI system, such as the materiality test and some applicable indicators.
The GRI- e3 Plus reporting system would also:
Be applicable if a certification system is set in place.
Create software that would put together a more practical, user-friendly reporting system.
Be applicable to finance institutions
Create different platforms for explorers to indicate their level of compliance within the reporting system. Thus, they would not limit themselves to filling out a form, but they would have the motivation to report more things if they want to.
Formalize the partnership with the GRI
Discuss further details about timetables.
The PDAC will:
Conduct further research
Develop a first draft to create a two page reporting template for each exploration stage.
Develop a review process with the PDAC CSR committee.
Organize a consultation process with multi stakeholder groups.
Main needs – reporting systems Applicable indicators and procedures from the GRI system