Multidisciplinary Journal of Science and Technology

Compliance with Environmental, Social, and Governance Requirement in the Mining Industry

Asatryan Karen

Keywords: Compliance, ESG requirements, mining industry, sustainability, environmental impact, social responsibility, governance, responsible mining, sustainable business practices, stakeholders, mining companies, environmental regulations, social impact, corporate governance, sustainable development, investor relations

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Abstract

The mining industry plays a significant role in global economic development; however, its operations often have adverse environmental and social impacts. As the importance of sustainable business practices gains recognition, Environmental, Social, and Governance (ESG) requirements have emerged as crucial benchmarks for evaluating a company's responsible practices. This study examines the extent of compliance with ESG requirements in the mining industry and explores the factors influencing companies' adherence to these standards. Through a comprehensive literature review and analysis of publicly available data, this research sheds light on the challenges faced by mining companies in integrating ESG considerations into their operations and highlights successful strategies employed by industry leaders. The findings offer valuable insights for policymakers, investors, and mining stakeholders, contributing to the ongoing efforts towards a more sustainable and responsible mining sector.

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