Lucara Diamond and Lundin Mining in Corporate Knights’ Top 40 List
While contributing to an Independent Monitoring Group review of a gold mining development in Burkina Faso (an inspiring meeting with a women association is depicted above), I was pleased to read that two of Prizma’s Canadian-listed mining clients, Lucara Diamond and Lundin Mining detailed below, made it to Corporate Knights’ 2016 Top 40 list of mid-sized Canadian companies.
Lucara is a relatively young diamond producer. Its producing asset is the Karowe mine located in Botswana (commissioned in 2012). Lucara made headline news when it recovered the second largest diamond ever. This gem quality diamond weighed in at an amazing 1,111 carats and has been named Lessedi La Rona. This means “Our Light” in the local language, and you can read about the creative naming competition here.
No less impressive was the news that Lucara received the PDAC 2016 Environmental and Sustainability Award. Lucara’s 2015 Sustainability Report (GRI-G4) can be accessed here. Prizma’s team has been assisting Lucara with its sustainability reporting journey since its beginning.
Reflecting on my 20 years of experience as an advisor, leading a very talented CSR/ESG analyst team, serving in a multilateral financial institution, and delivering sustainability reporting related advisory services (see recent example: Sustainability Reporting Workshop in Kenya), it is obvious to me that joining Corporate Knights’ Top 40 list of mid-sized companies is neither complicated nor an accident. However, it requires management commitment, sustainability performance data, and, importantly, visibility through credible sustainability reporting.
I know of many more budding high performers who could be getting ready to join the Top 40 lists at Corporate Knights or similar other outlets. Is your organization aspiring to join such lists and gain a reputational boost? What is holding you back?