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Business News of Wednesday, 21 August 2019

Source: Laud Business

World Water Week to focus on Newmont Goldcorp’s Global Water Strategy

Sweden’s World Water Week 2019, the leading annual event on global water issues, will be focusing on Newmont Goldcorp’s Global Water Strategy, the multinational mining company, has said.

Briana Gunn, Director of Environmental Affairs, Sustainability and External Relations, Newmont Goldcorp said: “Water is a requirement for sustainable development and is critical to socio-economic growth, energy and food production, ecosystems and human health.”

“Having a shared understanding of the value of water, working in partnership to advance water stewardship and supporting the objectives of the United Nations Sustainable Development Goals are growing priorities for the mining industry,” she added.

The company said managing water as a precious resource and working collaboratively to create value and improve lives through sound water stewardship are at the core of its global water strategy.

“The collaborative approach we’re taking will be in focus on Tuesday, August 27 during an interactive session, titled ‘Water Stewardship – Managing Collective Challenges and Collaborating to Drive Change.’,” a statement by Newmont Goldcorp said.

The interactive session forms part of Sweden’s World Water Week 2019.

“Since implementing our global water strategy, we have improved our approach to managing water, with key accomplishments including: Water accounting and reporting: a framework for each mine site to consistently record and communicate water used and volumes returned to the environment

“Governance and site water management: site- and region-based water strategies covering the life of operations, and identifying a single point of accountabilities


“Water efficiency and targets: goals set for reducing fresh water consumption – we have already exceeded our 2019 target of a 5 percent reduction


“Collaboration and collective action: local and regional stakeholders gather to learn about water use and conservation, and they develop projects that support shared challenges.”