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Monday, February 24, 2014

Female miners generate superior profits

women on a mining board help preserve the social licence of a resource company as they have a measureable impact on Environmental, Social and Governance issues. PwC says that for the mining companies it examined, there was a lower amount of water usage for companies with women on the boards – and this usage steadily decreased as the number of women on the board increased.
Also, ESG measurements from Bloomberg show a clear correlation between female representation on mining boards and increased disclosure and transparency. And further analysis shows that the amount companies spend on community projects increases with the number of women on the board; as does the likelihood of a company having a Corporate Social Responsibility or Sustainability committee; having an anti-bribery ethics policy; and signing up to the UN Global Compact on human rights, labour, environment and anti-corruption.
http://www.moneyweb.co.za/moneyweb-corporate-governance/female-miners-generate-superior-profits 

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