Sustainability reporting is one of the tools that contribute to incorporating sustainable development in the design of extractive operations (i.e., “Design for Sustainability”), and the demand for sustainability reports is increasing due to the increased focus on sustainable development and sustainable financing efforts. The extractive industries are believed to have unique strengths to contribute to achieving the Sustainable Development Goals. Nonetheless, companies are expected to be transparent and accountable not only to investors but to all stakeholders, including communities, suppliers, clients, employees, and governments. Therefore, extractive industries require effective sustainability accounting and reporting to transition and contribute to sustainable development. Through a data-driven approach, this paper examines the scope and consistency of sustainability indicators used in the sustainability reports of eight oil and gas and eight mining companies from 2012 to 2018. Through content analysis and relevant statistical methods, we analyze the ways in which companies reported on their contributions to sustainable development, with a focus on indicators used and trends over time both within each industry and between industries. We demonstrate that extractive industries’ sustainability reporting practices are not consistent over time and that internal issues are better represented than external issues, in particular transportation and supply chain issues. Furthermore, while there are similar trends across the industries in terms of social and environmental indicator reporting, there are significant differences in economic reporting. We conclude that although both industries have established sustainability reporting practices, there are trends that demonstrate what companies are focusing on more, as well as areas for improvement. We see this as an initial step for conceptualizing how these industries can more objectively, consistently, and effectively assess and contribute to sustainable development.
Responsible mine closure and repurposing are key to contributing to sustainable development by ensuring successful environmental rehabilitation and reducing socioeconomic risks. However, mine closure has primarily focused on remediation and rehabilitation of mined lands with limited consideration of stakeholder perspectives and the broader social, economic, and cultural impacts of closure. In this paper, we use stakeholder input to evaluate and compare three different repurposing alternatives for the tailings dam area of a mine in the state of Colorado, USA, which is expected to close in the next twenty years. By using multi-attribute utility theory (MAUT), we determine which alternative better reflects stakeholder preferences and results in the most economically, environmentally, and socially sustainable outcome. Our results show that although stakeholder groups have different ideas about what constitutes sustainable development in the context of mine closure and repurposing, it is possible to identify to what extent different scenarios can address these perspectives. We argue that integrating stakeholder views into mine closure design and repurposing can lead to more responsible and sustainable mine closure that is unique to a particular setting and stakeholder needs, and we provide a methodology that mining companies may use to understand stakeholder priorities and preferences.
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