A Systems Engineering Approach to Incorporate ESG Risks and Opportunities in Early-Stage Mine Design and Planning

Author:

Nehring Micah1ORCID,Knights Peter1ORCID

Affiliation:

1. School of Mechanical and Mining Engineering, University of Queensland, Brisbane, QLD 4072, Australia

Abstract

This study examines how ESG risks and opportunities can be systematically identified, assessed, and incorporated into the early-stage design and planning of natural resources projects. The focus for this study will be on the mining activities required to source the resources for the global decarbonization effort. The need for a framework to incorporate ESG risks and opportunities into the strategic mine planning process was first identified in the de Beers Sustainability Valuation Approach. The Social Value Capital Decision Model advanced by BHP represents an advance on the de Beers model. This is the first example of a structured methodology for systematically considering stakeholder values and incorporating these into the capital decision framework. To test the applicability of a new approach to mine design by using Quality Function Deployment (QFD), a case study involving a copper mine located in South America was developed. This case study demonstrates how QFD can provide clear line-of-sight to connect design decisions with priority stakeholder concerns. The framework provides a communications tool for aligning the ESG design process across functional silos within complex organizations. The development of appropriate software tools could assist in managing the inherent complexity associated with integrating stakeholder value concerns into early stage design decisions.

Funder

large multi-national mining company

Publisher

MDPI AG

Reference47 articles.

1. Towards the Sustainable Corporation: Win-Win-Win Business Strategies for Sustainable Development;Elkington;Calif. Manag. Rev.,1994

2. Kenny, G. (The Weekend Australian, 2023). What’s behind the ESG Backlash? Companies Must Focus on Fundamentals, The Weekend Australian.

3. (2023, September 02). Deloitte “Tracking the Trends 2023”. Available online: https://www.deloitte.com/global/en/Industries/mining-metals/about/tracking-the-trends.html.

4. (2023, March 11). EY “Top 10 Business Risks and Opportunities for Mining and Metal in 2022”. Available online: https://assets.ey.com/content/dam/ey-sites/ey-com/en_gl/topics/mining-metals/ey-final-business-risks-and-opportunities-in-2022.pdf.

5. (2023, April 03). International Energy Agency (IEA). Available online: https://www.iea.org/.

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