Mining companies are forced to confront a complex array of site-specific environmental, health, safety and social risks that workers face day-to-day. How can technology help save costs and drive greater efficiency in EHS and sustainability management?
To find out, IsoMetrix engaged independent research and consulting company Verdantix to conduct anonymous telephone interviews with 52 EHS and sustainability executives in mining companies across the United States, Canada and Australia. Participants primarily came from large enterprises with more than $500 million in annual revenue. This research provided an in-depth view into how global mining companies are using technology to manage risk, as well as deeper insight into the challenges they face.
Respondents were asked about the maturity of their current technology; their processes for reporting; and the barriers to realizing a single enterprise wide solution.
Surprising Findings: There is a great disparity in the way companies are leveraging technology to drive operational performance
The research shows a majority of mining companies use multiple different technology tools that are either siloed or only partially integrated.
83% of mining companies interviewed believe technology tools are either critical or extremely useful for managing EHS and sustainability.
One of the headline findings is that 71% of mining companies interviewed use EHS and sustainability technology tools that are either entirely siloed or only partially integrated with one another.
This lack of integration means many of these companies are struggling to realize the expected benefits of their technology investments, with the monthly reporting activities of the survey respondents alone, costing these firms almost $1m in employee time.
50% of leaders at mining companies spend more than 1 man-day per month on generating reports
A third (33%) of leaders interviewed manually generate reports.
The report considers what mining companies can do to maximize the value realized from their EHS and sustainability technology investments, and concludes with six steps leaders can take to enable their technology vision.
IsoMetrix is a world leading developer of integrated risk and compliance management software solutions. For the last 20 years, global mining companies have trusted IsoMetrix to help manage their Environmental, Health, Safety and Social risks. IsoMetrix understands the best practices that need to be applied in order to manage leading indicators to meet both regulatory requirements and strategic objectives.
With offices in the USA, Canada, Australia and South Africa, IsoMetrix is well positioned to provide international companies with support across the globe.
For more information about the solutions IsoMetrix provides for the mining industry, visit isometrix.com