SDG 1: No Poverty

There is an expectation that the private sector can and should play a significant role in promoting and supporting the delivery of the UN’s Sustainable Development Goals.

This SDG calls for the eradication of poverty in all its forms, while strengthening the resilience of people living in poverty and reducing their vulnerability to climate-related, social, and economic shocks.

Mining can support poverty reduction through direct employment, local procurement, and the payment of taxes and royalties that fund essential infrastructure and services. In remote regions—where poverty is often widespread—mining can serve as a catalyst for development through job creation and skills training. However, if poorly managed, it can also undermine traditional livelihoods and deepen existing vulnerabilities.

What companies need to know to manage impacts or make a positive contribution
Understand the drivers and prevalence of poverty locally as part of a social baseline and how the presence of the company may influence poverty. The existence and status of development plans to address poverty and the capacityof responsible authorities to implement these plans. How current or planned operational investments can align with development plans.
Minimising negative impacts	Maximising positive contributions
Disclose payments to governments in an open and transparent manner. Follow international best practice for any resettlement eg IFC performance standards. Minimise risk of corruption through open and transparent business practices. Engage host communities ahead of major project milestones to minimise social risks.	Engage in economic development initiatives to build skills and incubate small businesses. Set targets for local procurement and promote inclusive local employment. Undertake effective post-closure planning to optimise potential for long-term development. Align with development agencies to help build the capacity of local institutions.