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22.03.2022 (668 Clicks)

Next STUVA Conference takes Place earlier

The next STUVA conference originally planned for 06 to 08 December 2023 at the International Congress Center (ICM) in Munich will take place earlier than previously planned. The new date is now 08 to 10 November 2023.

22.03.2022 (537 Clicks)

Further Boost to the Northeast Economy as A19 Upgrade open

A £51.6 million upgrade of the A19 delivered to budget and ahead of programme by Costain has been officially opened to traffic.

21.03.2022 (587 Clicks)

70,000 tonnes of Warmth and Light for Ukraine

An Australian resources company has stepped up to supply a cargo of essential humanitarian aid to war-torn Ukraine, and it’s not what you’d think.

21.03.2022 (643 Clicks)

Fugro supports NIOT’s coastal Community Development Plan with a large-scale bathymetry Survey in India

India’s National Institute of Ocean Technology (NIOT) has commissioned Fugro to carry out a bathymetric survey along the Andhra Pradesh coast in south-eastern India.

18.03.2022 (620 Clicks)

HS2 Tunnelling Machines reach Chalfont St Peter Ventilation Shaft

Two enormous Tunnel Boring Machines (TBMs) excavating HS2’s longest tunnels have completed the first stage of their drive – from the Chiltern tunnel’s south portal to the first ventilation shaft at Chalfont St Peter

18.03.2022 (569 Clicks)

Balfour Beatty appoints new Non-executive Director

Balfour Beatty, the international infrastructure group, announces that Louise Hardy has been appointed as a Non-executive Director with effect from 1 April 2022.

18.03.2022 (572 Clicks)

Cossi Costruzioni (Webuild Group) has won three contracts worth a combined

Group expands in road safety and rehabilitation sector in Italy

17.03.2022 (444 Clicks)

Anglo American completes first Sea Trial using Bend of Biofuel and very low Sulphur Fuel Oil to reduce Emissions from Ocean Freight

Anglo American has successfully completed a sea trial using biofuel blended with very low sulphur fuel oil (VLSFO), reducing carbon emissions by approximately 10%. The trial further demonstrates the potential for sustainable biofuel to be used as a ‘drop-in’ fuel, improving its viability to help reduce emissions in the shipping sector. The fuel was blended and bunkered in Singapore, marking an important step in establishing a local supply chain and a cost-efficient, low-carbon biofuel offer for the region.

17.03.2022 (515 Clicks)

Qld a critical Player in new Economy Minerals Investment

The Queensland Resources Council (QRC) has welcomed the Australian Government’s commitment to support new investment in critical minerals projects, which is a key growth area for Queensland’s resources sector.

15.03.2022 (483 Clicks)

Accountability on Coal: Managing the Impacts of a Sector in Transition

GRI launches new standard to address sustainability challenges facing coal companies

How can a sector that is responsible for 30% of global carbon emissions be held to account for its impacts, including ensuring that coal companies meet growing stakeholder demands for transparency in how they align with the low-carbon transition?

The Sector Standard for Coal enables comprehensive and comparable disclosure on:

• How companies respond to climate change mitigation demands, as reflected in the Paris Agreement, including plans to transition away from coal mining.
• Accountability for social impacts that span human rights issues and the safety and wellbeing of employees and communities – with added focus on assessing risks related to catastrophic incidents, such as tailings facility failure.
• Measures to effectively manage impacts on the environment and biodiversity, given the coal sector is a major contributor to water, air and soil pollution.
• Robust reporting on the closure of coal mines and the ways this affects communities and workers, with the focus on how organizations contribute to a just transition.

Fulfilling financial obligations and steps to tackle corruption – recognizing coal mining often takes place in developing economies or areas of poverty – including transparency on payments, ownership structures and contracts.

Judy Kuszewski is Chair of the Global Sustainability Standards Board, the independent entity that sets the GRI Standards. She said:

“It is abundantly clear that, to reach the ambition in the Paris Agreement, an urgent transition away from coal has to be a part of the solution. Indeed, as the UN Secretary-General set out in response to the new assessment from the Intergovernmental Panel on Climate Change, coal and fossil fuels are “choking humanity”.

That is why more scrutiny is needed on the companies that remain in the coal sector, with accountability for their impacts. GRI’s Coal Standard reflects these challenges – not only in terms of climate change and a just transition, but across the full socio-economic and environmental spectrum. From minimizing waste to corruption-free operations, GRI 12 guides companies to deliver comprehensive and comparable reporting.

Global challenges call for different actions from different sectors. Numerous stakeholders – including investors, governments and civil society – require decision-useful data to assess the sustainability performance of companies. That is why we are growing the family of GRI Standards, with coal now added alongside our Oil and Gas Sector Standard, and more to come soon.”

Applicable for any organization in coal mining, exploration, processing, transport and storage, GRI 12 was developed by a working group that ensures multi-stakeholder and global legitimacy. This expert group includes representatives from the UNEP World Conservation Monitoring Centre, standard setters EITI and SASB, and investment institutions FTSE Russell and S&P Global. The working group emphasized climate change as the most critical issue for the sector, requiring enhanced disclosure.

Anne-Claire Howard, former CEO of Bettercoal and ResponsibleSteel, and a member of the GRI working group, added: “While it is clear that the world must radically reduce its use of coal, we cannot ignore that coal continues to be consumed. Therefore, we need to home in on the sustainability performance of coal companies and assets, as opposed to simply removing them from investment portfolios. That is why the new GRI Sector Standard for Coal is so important. The Standard seeks to reconcile two opposing forces: the unacceptable climate impacts from coal mining, and the broader impacts from the continuation of existing production. Measuring and reducing emissions from mining operations is one aspect, while social issues such as working conditions and labor rights also need to be managed. As such, the way this Standard frames a just transition is highly relevant.”

Coal Sector 2022 is the authoritative, internationally applicable standard for coal organizations to communicate their impacts on the economy, environment and people. GRI is developing new standards to enhance accountability on the issues that matter most within sectors. As demonstrated by coal – which remains a significant source of energy and revenue generation – these issues are often complex and inter-linked, highlighting the urgency of improved reporting.

You can find the Sector Standard for Coal: here

Source: GRI 12