Lifecycle Management

Lifecycle management indicators assess the extent to which companies are taking a life-of-mine perspective to their management of economic, environmental, social, and governance issues. Given that the lifespan of a mine can be decades long, it is critical for companies to adopt a lifecycle approach from the earliest stage possible to ensure good post-closure outcomes for local communities, workers and environments.

Average of the best scores achieved collectively by all companies for each one of the indicators under the thematic area

Average of the scores achieved by each one of the companies under this thematic area

Commitment (1 indicator)
Action (7 indicators)
Effectiveness (1 indicator)

Summary of results

The assessment results indicate that this is still an emerging issue for many companies. The overall average result of 19% is one of the weakest among all thematic areas. Performance levels are very uneven, with one company, Anglo American, showing considerably stronger results than its peers. Collectively the companies have shown that significant improvement is within their reach, if they adopt the good practices demonstrated by their peers (as shown by the Collective Best Score of 73% – the sum of all best scores seen across all Lifecycle Management indicators).

Leading practices in Lifecycle Management include, for example, a company-wide management standard for risk assessments and measures to prevent outbreaks of vector-borne and infectious diseases.