Elevating community well-being in mining areas: the proposal of the mining area sustainability index (MASI)
In response to the urgent environmental and social challenges posed by mining operations, this paper introduces the Mining Area Sustainability Index (MASI), a novel framework aimed at transforming the mining sector towards sustainable practices. Mining activities have historically led to significant environmental degradation, including water contamination and habitat destruction, contributing to climate change and biodiversity loss. These activities also have profound social implications, such as displacing communities, endangering health, and distributing economic benefits inequitably, often leaving local communities in developing countries marginalized. Recognizing these challenges, this paper outlines the consolidation and standardization in sustainability reporting within the mining sector as a pivotal development. The introduction of international standards by the International Sustainability Standards Board (ISSB) and the European Union's European Sustainability Reporting Standards (ESRS) marks significant strides towards enhancing transparency, accountability, and sustainability across mining operations. Furthermore, the concept of double materiality, assessing both financial and social impacts of mining, represents an advancement in comprehending the broader societal impacts of mining alongside its environmental and economic effects. MASI emerges as a comprehensive tool designed to assess the sustainability of mining areas, offering a nuanced understanding of mining activities' impacts on local environments, societies, and economies. By focusing on localized, community-centric evaluations, MASI aims to fill existing gaps in sustainability assessment and provide a reference for local residents to gauge the sustainability of their surroundings. This framework advocates for a multidimensional approach to sustainability, encompassing ecological preservation, social welfare, and economic viability, urging a reimagined, sustainable future for mining communities.
» Publication Date: 04/04/2024
» Source: Springerlink
