A report issued by the Amsterdam-based Responsible Mining Foundation reveals that many Toronto-listed junior and mid-tier mining companies do not properly disclose environmental, social and governance information related to their mine sites in Australia, Burkina Faso, Canada, the Ivory Coast, Liberia, Mali, Mexico, Kyrgyz Republic, and Suriname.
The study assessed mine-site-level disclosure by 12 companies and their 31 mine sites located across nine countries and covered 15 key environmental, social and governance issues of public interest, known as ESG.
The average score when it comes to the disclosure of such issues was 11%, with only three of the 31 mine sites surpassing that mean with a score of 25%. “Where companies do publish site-level ESG information, the data is often presented in ways that reduce its usefulness to stakeholders.
This includes, for example, environmental data shared without information on where and when pollution levels exceeded limit values,” said Pierre de Pasquale, lead researcher of the study, in a media statement.
According to Pasquale, stronger disclosure was seen in places where there is clear government regulation of reporting.
For the rest of this article: http://www.mining.com/many-toronto-listed-miners-dont-disclose-environmental-social-info-report/