SDG8: Decent Work and Economic Growth
With our strong focus on sustainable development there is great potential for ICMM to support the mining and metals industry in making an important and lasting contribution towards the UN’s global goals. We work with members and partners to catalyse lasting social and economic progress that supports an end to poverty, protects the planet and ensures prosperity for all.
SDG8 calls for policies and strategies that enable economic diversification, job creation, entrepreneurship, creativity and innovation, while decoupling economic growth from environmental impact.
Over 800 million people still live in extreme poverty and almost a third of the world’s population still lives on the equivalent of about US$3 a day. Many of these are employees so having a job often doesn’t guarantee an escape from poverty. A lack of decent work opportunities erodes the social contract underlying democratic societies: that everyone must share in progress. Sustainable economic growth depends on creating the conditions that allow people to have decent jobs that stimulate the economy while not harming the environment. In addition, there will be 30 million new entrants to the labour market each year from 2016 to 2030, intensifying the need for enhanced employment opportunities.
How is this relevant to mining and metals?
The direct employment generated by large-scale mining is often limited, although locally very important. In general, jobs in large-scale mining are also well paid and come with a range of benefits. However, mining also has potential to create large economic multipliers for example through local procurement. Where mining is significant in the economic life of a country, it can boost GDP by a number of percentage points. For growth to be fully inclusive, it requires government to effectively manage revenues from mining and encourage linkages to the broader economy.
What companies need to know to manage impacts or make a positive contribution |
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Minimising negative impacts |
Maximising positive contributions |
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