Pathway to sustainability in the mining industry: A case study of alcoa and rio tinto

Abstract

Sustainability for the mining companies is a critical requirement for their ongoing operations. Regulations and licenses generally depend on the companies' sustainability practices, forcing them to focus on environmental impact and social welfare. While the mining industry has historically been associated with poor working conditions and their unsustainable practices, closer review of the industry suggests that the last few decades have seen improved performance and heightened focus on doing the right thing for the environment and the society. This research is focused on reviewing the sustainability strategy and initiatives of Alcoa and Rio Tinto, two Fortune-500 mining companies. It was found that these companies had started focusing on sustainability a few decades ago, but developed a holistic sustainability strategy as part of their core business only over the last few years. While there are many controversies still facing the companies, particularly around environmental pollution, their continued focus on sustainability will be beneficial for their employees as well as the communities they operate in.