OUR SERVICES
ESG Risk Management in a Global Mining Company
OVERVIEW
In 2017 – 2019, Satarla worked with a global mining company to revise their risk management framework and roll it out across the organisation as a whole. Embedded within the corporate Sustainability [ESG] department, the risk team had full accountability for ERM (inclusive of financial and technical risks).
THE SOLUTION
Over the course of 10 x months, the Satarla team in partnership with the client facilitated 650 risk management workshops attended by >6000 people in 15 countries. Workshops were delivered in local languages including Spanish, Portuguese, Afrikaans and English, and always used local examples and risks each team were actively trying to understand and manage. Deliverables for each operation included a revised risk profile for that operation that was fully inclusive of the ESG risks and their ranked importance beside financial and technical risks.
THE OUTCOME
While many examples of success could be highlighted from this project, some include:
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The risk-based revision of objectives and allocated budget to one operation resulting in a longer term vision regarding maintenance and production targets.
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Improved management of tax-related risks.
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Empowerment of those responsible for the management of a high risk facility to enact rapid shutdown on safety grounds despite a loss to production, thereby preserving life in line with company values.
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Revision of project timeline for large scale capital project and re-evaluation of mine design in line with ESG risks previously discounted due their long time horizon.
Feedback from Vice President for Operation: “While we didn’t necessarily like the outcome of our [Satarla-facilited] workshops at first, we came to realise that they provided a far more honest view of our real risk profile and therefore empowered us to be able to take action and proactively manage it”.
[Note: this individual subsequently requested that Satarla undertake the same programme at his next operation – currently underway in 2020]
