GRI Reporting in Mining on Increase

GRI Reporting in Mining Sector 2009-2010

GRI recorded 87 mining reporters for the 2010 period, up from 70 in 2009. 61 had adopted GRI’s Mining and Metals Sector Supplement. Nine were classified as integrated reports (4 from South Africa). Looking at the GRI list (queried March 17, 2011), a few things stand out. First, Xstrata related companies were recorded with 4 GRI reports in 2009 and 14 in 2010. So the activities of one major (and its many subsidiaries) seems to explain the biggest change in terms of total number or GRI reports.

However, there have also been some new reporting entrants. This includes companies for which I had the opportunity to provide GRI-certified training, such as Agnico-Eagle Mines and Pan American Silver. The list also includes new GRI reporters which commissioned yours truly to assist them with their reporting process, such as Red Back Mining (now part of Kinross) and Lundin Mining.

The GRI list also contains some – probably inevitable – mistakes. For example, Bucyrus, a large equipment manufacturer and supplier to the mining industry (now part of Caterpillar), is classified - wrongly – in the mining category.

The GRI list also includes nine reports classified as ‘integrated’. These reporters comprise:

  • Anglo Coal South Africa
  • Compañía Minera Doña Inés De Collahuasi
  • Exxaro Resources
  • Gem Diamonds
  • Gold Fields
  • Goldcorp
  • Impala Platinum Holdings (Implats)
  • LKAB
  • Rio Tinto

Other interesting stats include the distribution of GRI Application Levels of these GRI reports, which I simply pass on below. I also blogged recently about the broader trends in GRI reporting and Application Levels in Canada and the USA here and here.

What else do you see in these stats? To those of you who attended PDAC this year (sorry, I was in Florida instead), do you feel we will see a surge of new GRI reporting given PDAC’s effort to adopt the GRI framework for its membership (about which I blogged here)? Or will GRI reporting be largely the playground of majors and - increasingly - mid-tier miners?

About the author: Mehrdad Nazari (MBA, MSc, LEAD Fellow) is a Corporate Responsibility, Sustainability Reporting & ESIA Advisor, and Director of Prizma. He was previously an environmental consultant with Dames & Moore, Principal Environmental Specialist at the EBRD and CSR Research Director at CoreRatings. Mehrdad is also a GRI-approved trainer on GRI's sustainability reporting framework and a licensed AA1000 Assurance Provider.