Sustainability Philosophy & Framework
SUSTAINABILITY / SUSTAINABILITY REPORTS
Sustainable development is the balance of meeting our needs without jeopardizing future generations’ ability to do the same.
We are aware that mining impacts people and planet in multiple ways, which is why we have been working tirelessly to achieve impeccable environmental, social, and governance (ESG) credentials.
Towards strengthening our investment in the environment and local communities, EMIL is focusing on supplementing our traditional analysis with the results of our Future Proofing exercises.
We are convinced that any business that cannot afford to transform and adapt to changes in external factors will be unsustainable, and that those that do survive will face less competition and have a better chance of thriving in a sustainable world.
- Sustainability Vision
“Essel Mining & Industries Limited endeavours to become a diversified global mineral resource company through sustainable business practices, aimed at value creation for its stakeholders, conservation of mineral resources, protection of the environment, development and, enhancement of health, safety and well-being of its people and contributing to the society at large”.
- Sustainability Framework
- 3 Principles of Sustainability
EMIL wishes to reach higher standards and rise from legal compliance to compliance with international standards and external expectations.
EMIL is able to manage and reduce the impact on its people and on its externalities by developing the management systems and widening its views in the areas of safety, health and sanitation, carbon, pollution, biodiversity, product stewardship, land and human rights management.
EMIL together with internal and external stakeholders, have created the Sustainable Business Framework of policies, technical and management standards with guidance notes, and associated training courses to help the business to translate these requirements into business management systems and operational practices.
EMIL adopts Group Sustainability Framework which is being followed across all group companies. Our Group Sustainability Framework is aligned to the following International Standards:
- Stakeholder Engagement
“Gain knowledge on how fast External Factors will change and when disruption will occur as we approach a sustainable world.”Stakeholder engagement is:
- Essential to the achievement of our sustainability vision. It is a process of discussing and responding to local issues with immediate stakeholders
- A day-to-day activity that goes beyond business as an essential activity in the conceptualisation and development of new projects
The key stakeholders of our the business are:
While the traditional market-centric view of stakeholder engagement remains valid today, at EMIL we think it’s important to engage more deeply, and with experts with different perspectives, in order to understand what will shape these markets and how EMIL’s businesses could ride the waves of change successfully to remain sustainable – economically and otherwise.
Meeting people and groups with specialist knowledge requires a new process called “Strategic Stakeholder Engagement,” as the information they hold is usually not fully available from traditional stakeholder groups.
- Future-Proofing
Future Proofing EMIL’s business means making it resilient to the changes that are happening around us. In the future, many of these changes in external factors have the ability to apply severe pressure on our businesses ability to be sustainable.
Using the knowledge gained through Stakeholder Engagement and Responsible Stewardship with experts around the world, EMIL determines how it can mitigate global problems by improving its performance.
By augmenting its traditional analysis with the results of Future Proofing exercises, EMIL is able to take better investment decisions and can prepare to cover more alternatives.
EMIL strongly believes that any business that cannot afford to transform and adapt to these changes in external factors will be unsustainable. Those businesses that survive will have less competition and a greater opportunity to thrive in a sustainable world.
