Balancing Planet, People, and Profit: ESG Priorities in Zimbabwe’s Mining Industry
Zimbabwe’s mining sector is increasingly embracing Environmental, Social, and Governance (ESG) principles to promote sustainable development that benefits both communities and the environment. The call to balance economic growth with the welfare of the planet and people is growing louder, as stakeholders advocate for a more responsible approach to resource extraction, Mining Zimbabwe can report.
By Rudairo Mapuranga
The message was reinforced at the recent Zimbabwe Alternative Mining Indaba (ZAMI) 2024, which focused heavily on promoting responsible mining practices.
The event, organized by the Zimbabwe Environmental Law Association (ZELA) alongside the Zimbabwe Coalition on Debt and Development (ZIMCODD) and the Zimbabwe Council of Churches (ZCC), explored how the mining industry can drive economic growth while adhering to global ESG standards.
At the heart of ZAMI 2024 was the need for mining companies to integrate ESG principles into their operations, ensuring that the environment, local communities, and economic interests receive equal attention.
Shamiso Mtisi, Deputy Director of ZELA, highlighted the importance of Zimbabwe’s Responsible Mining Order, a key framework that sets the stage for enforcing ESG compliance in the country.
“The Responsible Mining Order ensures that companies align their operations with national legislation on environmental protection, community development, and human rights,” Mtisi said during the Indaba.
Mtisi also stressed the role of governance in driving ESG adherence, noting that companies must be held accountable for their impact on local communities. This includes how they treat their workers, particularly women, and how they engage with issues like human rights, environmental sustainability, and social responsibility.
Water management was another key focus, especially given the growth of Zimbabwe’s lithium mining industry, known for its high water consumption, which can lead to conflicts between mining companies and local communities.
“Water is a critical resource for both mining operations and the communities living nearby. How companies manage this resource is a major test of their commitment to ESG principles,” said Mtisi.
Zimbabwe’s mining sector, particularly in the extraction of transition minerals like lithium, has come under increasing scrutiny regarding how it manages natural resources such as water. Equitable distribution of water between mining companies and local communities remains a contentious issue, with communities often expressing concerns that mining operations are depriving them of vital water resources needed for agriculture and daily life.
Further discussions at ZAMI also touched on the broader topic of environmental governance, with a particular focus on ensuring that economic development does not come at the expense of the planet.
“Putting the planet first is essential. We must ensure that mining activities are conducted in an environmentally responsible manner,” said a representative from one of Zimbabwe’s leading mining companies.
Health and social services in mining communities were also highlighted as essential ESG priorities. Mining companies were urged to invest in health infrastructure and ensure that workers have access to adequate healthcare services. Moreover, community development projects must be designed to uplift the quality of life for residents in mining areas.
Taxation and economic development were also key themes. Zimbabwean mining companies have been called upon to contribute more transparently to the national economy through fair taxation and revenue reporting. This is particularly important to ensure that the profits from mineral resources benefit the country and its people.
As Zimbabwe positions itself as a major player in the global mining industry, integrating ESG principles into its operations will be crucial for maintaining a sustainable and ethical mining environment. The mining sector has a vital role to play in driving the country’s economic future, but it must do so in a way that respects both people and the planet.
By focusing on balancing the planet, people, and profit, Zimbabwe’s mining industry can lead the way in sustainable development, setting an example for other resource-rich nations around the world. As the country continues to develop its ESG frameworks, it is clear that a responsible and just approach to mining is essential for long-term success.