The Mining and Tailings Safety Initiative, a group that has over US $14 trillion in assets under management and is co-led by the Church of England Pensions Board and the Council of Ethics of the Swedish National Pension Funds announced the following:
These announcements were made at a summit chaired by Bishop David Urquhart (Bishop of Birmingham and Convenor of the Lords Spiritual), held at Church House Westminster on 24th January 2020, on the eve of the 1st anniversary of the Brumadinho disaster in Brazil that killed 270 people. The announcements follow major interventions by investors since the disaster, that included the demand for a new independent global standard of tailings management and disclosure from 700 mining companies regarding tailings dams.
The rapid growth of the Investor Mining and Tailings Safety Initiative participation over the last 12 months demonstrates the level of seriousness with which investors have approached tailings dam safety. The Initiative is now supported by over 110 institutions with more than US $14 trillion assets under management.
Following a Remembrance Service the opening plenary of the Summit was addressed by Ms Angelica Amanda Andrade whose sister was killed in the Brumadinho disaster.
Global Tailings Portal Launched
The database for the initiative is being jointly supported by the Church of England Pensions Board, the Council of Ethics of the Swedish National Pension Funds and the United Nations Environment Programme (UNEP) with the initiative’s academic partner GRID Arendal (a non-profit academic foundation established by the Norwegian Government to support the United Nations in the field of environmental information management and assessment) (http://www.grida.no/) and the technology partner to the initiative, Satellite Applications Catapult (an independent, not for profit innovation and technology organization, partially funded by the UK government). (https://sa.catapult.org.uk/)
The Summit saw the launch of the first publicly accessible global database on tailings storage facilities, which was presented by Professor Elaine Baker of the University of Sydney and GRID-Arendal.
The portal presents the disclosures that mining companies have made in response to the request made by the Global Mining and Tailings Safety Initiative. [https://www.churchofengland.org/investor-mining-tailings-safety-initiative]
Professor Baker presented data on the following:
Dr Estel Blay from the Satellite Applications Catapult presented on the following: