Page 33 - Bullion World Volume 04 Issue 07 July 2023

Bullion World | Volume 3 | Issue 7 | July 2023

Sustainability in the Gold Industry: Exploring

a Path to Responsible Practices

Mr Shubham Kumar, Manager, Eventell Global Advisory PVT. LTD.

Sustainable development refers to In this series of articles, we delve mining industry, several prominent
development that meets the needs into the world of sustainability in the companies have emerged as
of the present without compromising gold industry, shedding light on the leaders in sustainable practices,
the ability of future generations to efforts made by various stakeholders striving to forge a path towards
meet their own needs. It includes to create a more responsible and responsible extraction. These
satisfying basic needs, equality of environmentally conscious sector. mining entities have recognized
all actors, and integrating various We aim to provide a comprehensive the urgent need to address their
development components. Respect overview of the industry's operations' environmental and social
for the environment is necessary for sustainability landscape. impacts, and have embarked on
sustainable development, but it will transformative journeys towards
not be an end in itself. THE MINING INDUSTRY sustainability. By understanding
- Where it all begins. the sustainability initiatives
The gold industry, known for its At the very foundation of the gold undertaken by key mining players,
allure and timeless appeal, has industry lies the mining sector, we aim to shed light on the positive
long been associated with wealth where the journey from raw transformations taking place and
and luxury. However, behind the material to refined gold begins. the ongoing work to ensure a
shimmering façade lies a complex Mining companies, driven by the more environmentally and socially
web of environmental and social pursuit of this precious metal, responsible mining industry.
challenges. As the global demand significantly impact the environment
for gold continues to rise, it and surrounding communities. We have compiled various
becomes imperative to address the Here, in the mining industry, we sustainability practices of leading
sustainability concerns associated find ourselves at the origin of the mining companies based on the
with its production, refining, logistics, sustainability challenges within the information provided in their 2022
and consumption. gold supply chain. annual reports. The comparison is
In the dynamic realm of the gold with the last year.

Responsible Gold Mining Principles and Equivalency Benchmarks | World Gold Council

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