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Stewardship Stewardship involves the care and management of a commodity through its entire life cycle. For a mineral, this cycle generally encompasses exploration, mining, processing, refining, fabricating, use, recovery, recycling and disposal.Stewardship must be an integrated programme of action aimed at ensuring that all materials, processes, goods and services are managed throughout the life cycle in a socially and environmentally responsible manner.For an enterprise, the concept of Stewardship entails accepting responsibility for influencing and improving performance in all aspects of the life cycle, including those beyond its direct control. When the principle is actively applied, Stewardship becomes a driver for innovation in the ways we view our businesses and operate them. Acceptance of the responsibilities of Stewardship entails building partnerships throughout the life cycle of materials to ensure that their production, use and disposal are consistent with global sustainable development. “Eco-efficiency is reached by the delivery of competitively priced goods and services that satisfy human needs and bring quality of life, while progressively reducing ecological impacts and resource intensity throughout the life cycle, to a level at least in line with the Earth’s carrying capacity”. World Business Council for Sustainable Development The Business Case for Stewardship The key benefits of a well-implemented Stewardship plan are: Minimizing opportunities for harm to people and the environment Expanding commercially valuable relationships with other sectors of the life cycle Enhancing the industry's social license to operate, market and grow Lowering consumption of energy, water and other auxiliaries Reduced product waste and increased opportunity for reuse and recycling As a practical matter, it is now well established that efforts to redesign processes and products to minimize their environmental impact often results in significant financial savings. In short, environmental consciousness and profitability can go hand in hand.An essential element of Stewardship is the sharing of management systems and best practices within and among industry sectors. This inevitably strengthens the efficiency of any enterprise. A Stewardship approach means taking a long-term, whole-of-business view. Leading companies will see Stewardship not as a compliance issue but as a means to shape their future operational processes, products, services and relationships.
Stewardship involves the care and management of a commodity through its entire life cycle. For a mineral, this cycle generally encompasses exploration, mining, processing, refining, fabricating, use, recovery, recycling and disposal.Stewardship must be an integrated programme of action aimed at ensuring that all materials, processes, goods and services are managed throughout the life cycle in a socially and environmentally responsible manner.For an enterprise, the concept of Stewardship entails accepting responsibility for influencing and improving performance in all aspects of the life cycle, including those beyond its direct control. When the principle is actively applied, Stewardship becomes a driver for innovation in the ways we view our businesses and operate them.
Acceptance of the responsibilities of Stewardship entails building partnerships throughout the life cycle of materials to ensure that their production, use and disposal are consistent with global sustainable development.
“Eco-efficiency is reached by the delivery of competitively priced goods and services that satisfy human needs and bring quality of life, while progressively reducing ecological impacts and resource intensity throughout the life cycle, to a level at least in line with the Earth’s carrying capacity”. World Business Council for Sustainable Development
The Business Case for Stewardship
The key benefits of a well-implemented Stewardship plan are:
As a practical matter, it is now well established that efforts to redesign processes and products to minimize their environmental impact often results in significant financial savings. In short, environmental consciousness and profitability can go hand in hand.An essential element of Stewardship is the sharing of management systems and best practices within and among industry sectors. This inevitably strengthens the efficiency of any enterprise. A Stewardship approach means taking a long-term, whole-of-business view. Leading companies will see Stewardship not as a compliance issue but as a means to shape their future operational processes, products, services and relationships.