Mining Digital Insight 3: The hunt for value digital transformation requires cooperation and compromise Cost containment is still king, closely followed by survival Looking at the themes above, we asked respondents what was the most important of these themes in 2020 versus today. For reference, the most dominant themes in the prior study were cost leadership, efficiency and profitability. In our recent 2022 interviews, the situation has become more complex – but with mining as a price taker, it follows that 38% of respondents put cost leadership, efficiency, and profitability as their number one concern, with another 11% stating it was their second highest concern. The biggest change is that overall business sustainability and longevity is the second highest result with 22% selecting it as their pre-eminent concern. Sustainability leadership was selected as dominant by only 5%, but 17% of the respondents noted it as their second highest priority. Some specifically chose sustainability leadership over ESG assurance mechanisms because their ESG assurance program is combined with or led by sustainability leadership. One went so far as to indicate that sustainability leadership means potentially repositioning the business – to both adapt to ever changing ESG requirements and remain competitive in […]
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