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PRESS RELEASE: Software supplier IsoMetrix engaged independent research and consulting company Verdantix to conduct anonymous telephone interviews with 52 EHS and sustainability executives in mining companies across the US, Canada and Australia.
Participants primarily came from large enterprises with more than US$500 million in annual revenue.
Respondents were asked about the maturity of their current technology, their processes for reporting, and the barriers to realising a single enterprise-wide solution.
The research shows a majority of mining companies use multiple different technology tools that are either siloed or only partially integrated.
This lack of integration means many of these companies are struggling to realise the expected benefits of their technology investments, with the monthly reporting activities of the survey respondents alone, costing these firms almost US$1 million in employee time.
The report looks at how mining companies wrestle with complex site-specific EHS and sustainability risks; the extent to which mining companies rely on manual processes and multiple tools to generate reports; how a lack of integration between technology solutions creates huge additional costs; and steps mining companies should take in order to enable their technology vision for EHS and sustainability.
Read the report here.