The world of accountability in mining sustainability and corporate social responsibility is rapidly taking hold. CSRHub has developed an innovative and world leading software tool and methodology that measures the performance of mining companies and grading them like report card. The results are quick and revealing and are driving change in the interest and programs of mining companies globally.
CSRHub was founded in Seattle in 2009 by three visionary young entrepreneurs who developed a novel algorithm. It has evolved to measure the performance of more than 18,000 global companies including the who’s who to the startup that allows to be measured. The methodology applied to the rating is found here https://esg.csrhub.com/csrhub-ratings-methodology.
Out of this massive data base there are 556 global mining companies listed and measured against the complete list and also against their peers in the mining industry. Typically when a mining company reaches a threshold of say $1B market cap it seems to be measured. Those being measured also tend to clump regionally with Canada being a strong advocate for responsibility.
Sustainability and corporate social responsibility have been powerful themes in Europe for a generation, however more recently the mining industry has taken hold of the concepts to drive their own value. The future of the mining industry is in the hands of its investors and mining has acknowledged that their vulnerability is management of risk in dealing with their “materials handling exercise within a safety critical bubble.” Add to that the ever increasing pressure of social media policing social responsibility performance.
Checking the performance of individual mining companies can be found by typing the corporate name in https://www.csrhub.com/