Table 1 Comparative analysis of mining sustainability frameworks: MASI in context
Aspect | MASI | Global Reporting Index (GRI) | Dow Jones Sustainability Indices (DJSI) | Mining Policy Framework (MPF) | Mine Site Assessment Tool (MSAT) |
|---|---|---|---|---|---|
Focus | Comprehensive framework for sustainable mining, integrating economic, social, environmental aspects | Quantifies sustainability from academic literature and reporting frameworks | Tracks stock performance of companies in terms of economic, environmental, and social criteria | Best practices for environmental, social, and economic governance in mining | Practical tool for stakeholder engagement on sustainability issues at mine sites |
Scope | Specific to mining operations | Broad, includes various companies | Broad, across 61 industries including mining | Broad, supports over 80 member countries in sustainable mining development | Specific to individual mine sites |
Key Features | Holistic, multidimensional approach; local community involvement | Focus on sustainability reporting and indicators | Investor-focused, benchmarks for sustainable business practices | Policy and governance focused, outlines best practices for the entire mining sector | Dialogue and assessment tool for local stakeholders to engage with mining companies |
Implementation | Proposed, inviting stakeholder contributions | Used for sustainability reporting in various industries | Implemented, serves as a benchmark for investors | Ratified and recognized by the United Nations Commission on Sustainable Development, focuses on systemic approach to mining in line with sustainable development principles | Implemented, designed for constructive engagement at any mine site |
Stakeholder Engagement | Broad, including researchers, policymakers, industry professionals, community representatives | Varied, depending on company reporting | Investors, companies across industries | Member countries, policymakers, industry professionals | Local communities, civil society, workers, trade unions, local government |
Sustainability Dimensions Addressed | Economic viability, social responsibility, environmental stewardship | Depends on company reporting | Economic, environmental, social criteria | Environmental, social, economic governance, financial benefits, socio-economic benefits, environmental management, post-mining transition, artisanal and small-scale mining | Focuses on fundamental issues affecting mine sites and their neighbors |