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End poverty in all its forms everywhere.

SDG1 calls for universal poverty eradication, while building the resilience of those in poverty, and reducing their exposure to climate-related and other social and economic shocks.

In the past 25 years, the number of people living in extreme poverty has declined by more than half, falling from 1.9 billion in 1990 to 836 million in 2015. While this is a remarkable achievement, more than one in ten people in developing regions still live on less than $1.25 a day and many others have to survive on little more than this daily amount.

But poverty is more than the lack of income and resources to ensure a sustainable livelihood. It manifests itself in hunger and malnutrition, limited access to education and other basic services, social discrimination and exclusion and a lack of participation in decision-making.

How is this relevant to mining and metals?

Mining can help reduce poverty through direct employment, sourcing goods and services locally and the payment of taxes and royalties which enable the development of essential social and economic infrastructure. Where companies operate in remote areas, poverty levels can be significant. Mining’s presence can either alleviate poverty through job creation and skills development, or exacerbate poverty if traditional livelihoods and ways of life are adversely affected.

What companies need to know to manage impacts or make a positive contribution

Understand the drivers and prevelence of poverty locally as part of a social baseline and how the presence of the company may influence poverty.


The existence and status of development plans to address poverty and the capacityof responsible authorities to implement these plans.


How current or planned operational investments can align with development plans.

Minimising negative impacts

Maximising positive contributions

Disclose payments to governments in an open and transparent manner.
 


Follow international best practice for any resettlement e.g. IFC performance standards.


Minimise risk of corruption through open and transparent business practices.


Engage host communities ahead of major project milestones to minimise social risks.

Engage in economic development initiatives to build skills and incubate small businesses.


Set targets for local procurement and promote inclusive local employment.


Undertake effective post-closure planning to optimise potential for long-term development.


Align with development agencies to help build the capacity of local institutions.