SDG10: Reduced Inequalities
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.
SDG10 calls for sustained income growth that favours the bottom 40 per cent of populations, and the economic empowerment of all - regardless of age, sex, disability, race, ethnicity, religion or economic or other status.
Although progress to reduce poverty has been impressive globally, the most vulnerable nations – the least developed countries, the landlocked developing countries and the small island developing states – have been slower to make inroads to reduce poverty. And while income inequality between countries has decreased, inequality within countries has risen. Income disparities can only be reduced by addressing broader societal issues of inequality of opportunity. This requires a focus on inclusive economic opportunities that extend to disadvantaged and marginalised populations.
How is this relevant to mining and metals?
While mining has helped to reduce poverty in many countries, many mineral dependent countries still experience inequality, which can lead to social unrest and erosion of the company’s social licence to operate. While governments are primarily responsible for reducing inequality through policies and redistributive mechanisms, mining companies can actively promote inclusion through local employment and procurement and through supporting livelihood diversification. They can also embrace an inclusive approach to community consultation and participation in decision-making.
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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