We are excited to announce that in January we started with the international project entitled Environment Social Governance Monitoring with the acronym RIS-INCOME project.
Mining companies are required to follow and report on the environmental, social and governance (ESG) criteria and normative compliance, according to European standards applied to the mining sector. Due to the lack of updated data from the mining operations and the continuous changes in the legislation, mining companies are facing difficulties when delivering their sustainability report. So far, attempted developed software on the market is too generic and consequently not applicable.
Therefore, the RIS-INCOME consortium aims to develop and commercialize an innovative and powerful competitive tool for the mining sector ─ a digital tool (software) for the monitoring and management of ESG criteria and normative compliance in the mining sector. The tool will combine all the requirements stated by the new Directives of the European Union. Furthermore, the software will support mining companies to provide non-financial and sustainability reports, addressing the sustainability challenges of the mining sector, which affects the Social License to Operate (SLO). The new reporting capabilities, primarily developed for the mining companies in Spain, can be replicated across Europe and be scaled up at a worldwide level.
The RIS-INCOME consortium is led by the Gomez Pardo Foundation and participation of 8 project partners: AICRUM IT s.l., Marble, Stone and Materials Technological Center, Atalaya Riotinto Minera S.L.U, Marmoles MAM SL, Minas de Aguas Teñidas SA, RISCOGNITION GmbH, Université de Technologie de Tarbes and i-SeMe.
The two-year project is co-funded by the EIT RawMaterials, a body of the European Union.
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