Sustainability
Sustainability is key to who we are and everything we do.
Deep sea mining of minerals and rare earth elements key to the green shift is our solution to the huge environmental and social costs involved in onshore mining today, while enabling electrification and digitization in a sustainable manner.
Where should metals come from?
The onshore mining industry is mired in a self-reinforcing spiral of ever increasing environmental footprint to extract the marginal tonne of mineral, as ore grades decline, deforestation increases and waste per tonne ore mushrooms. This development can hardly go on much longer. A study by Paulikas et al published earlier this year concluded that offshore mining of nodules would reduce the environmental footprint by more than 90%.
Side-by-side comparison offshore vs onshore mining
(impact of minerals to 1 bn electric cars)
ONSHORE OFFSHORE % CHANGE
CO2 EQUIVALENT EMISSIONS, Gt 1,5 0,4 -70%
ORE USE, Gt 25 6 -75%
DEFORESTATION, km2 66,000 5,200 -92%
SOLID WASTE, Gt 64 0 -100%
FRESHWATER ECOTOXICITY, 1,4-DCB equivalent Gt 21 0,1 -99%
MEGAFAUNA WILDLIFE AT RISK, TRILLION ORGANISMS 47 3 -93%
Source: Paulikas et al, 2020
Green Minerals is a member of the UN Global Compact
As part of our commitment to sustainable and responsible business practices, Green Minerals has embedded the Ten Principles of the United Nations Global Compact into strategies and operations, and committed to respecting human and labour rights, safeguarding the environment, and working against corruption in all its forms.
The Ten Principles of the UN Global Compact
Green Minerals` contribution to the Sustainable Development Goals
The 2030 Agenda for Sustainable Development was adopted by all United Nations Member States in 2015 and has 17 Sustainable Development Goals, which aim to guide society to a better future for all.
Companies play an important role on the achievement of the Goals due the relevance of the impact they have on the economy, people and the environment. As a responsible company, Green Minerals has the ambition to act on all the Goals, but focus on the following:
By contributing to increase the share of renewable energy.
By reducing CO2 emissions through multiple actions, like promoting the use of energy efficient technology combined with renewable energies.
By creating decent jobs and sustainable economic growth.
By making assessment of potential negative impacts from deep-sea mining and creating effective actions for prevention and mitigation, aiming to protect the oceans and biodiversity.
By sustainably supply rare earth elements and base metals.
By creating tools to ensure that our company and all our value chain acts in accordance with the law, respects human rights and encourage people to report any deviation.
By reducing waste generation and enabling the green energy transition.
Whistleblower channel
Your voice matters: Speak up for integrity
At Green Minerals, we are committed to maintaining the highest standards of integrity, transparency, and accountability. We believe that everyone has a role to play in upholding these values. If you witness or suspect any unethical behavior, misconduct, or any violation of our policies and Code of Conduct, we encourage you to report it through our Whistleblower Channel.
What to Report:
- Fraud, theft, or embezzlement
- Corruption or bribery
- Harassment or discrimination
- Violations of laws or regulations
- Safety or environmental hazards
- Any other unethical or unlawful activities
How to Report: We offer the email [email protected] for you to report your concerns confidentially and securely.
Anonymity and Confidentiality: We understand the importance of protecting your identity. You can choose to remain anonymous when making a report. All reports will be handled with the utmost confidentiality, and we will take appropriate measures to protect your identity and prevent any form of retaliation.
Process: Once a report is submitted, it will be promptly reviewed. We will investigate all reports thoroughly and take necessary corrective actions.
Our Commitment: We are dedicated to fostering a culture of openness and accountability. Your courage to speak up helps us to maintain a safe and ethical environment for everyone. We assure you that all reports are taken seriously and will be addressed promptly.
Thank you for helping us uphold our values and ensuring a fair and just workplace.