Rhylin Bailie VP of Investor Relations at Equinox Gold Corporation is back on the Insider's Guide to Finance!
She's here to share her insight on ESG (Environmental, Social, and Governance) in the mining industry and beyond. Rhylin brings a nuanced perspective to the world of ESG.
“From a corporate perspective, having a strong ESG strategy reduces risk. We are less likely to have community issues or permitting delays if we’ve got strong community support and if the government sees us as a good corporate citizen.” — Rhylin Bailie [0:06:17]
Rhylin has managed aspects of investor relations, communications, and sustainability reporting for various resource companies.
To kick off our conversation, she explains the exciting shift in ESG practices within her industry. She shares how the mining industry can bring value to local communities.
“We’re not trying to make our business look green from a reporting perspective; we’re trying to find business efficiencies that make us operate more efficiently, save costs, but also benefit the environment.” — Rhylin Bailie [0:15:53]
We touch on the possibility of mandating ESG reporting and discuss a new perspective on what it means to have a good ESG strategy. We also touch on exploring whom you need to engage in your strategy. You'll hear about capacity issues and discover the Diversity and Inclusion at Equinox. We hope you enjoy hearing her unique perspectives on these subjects!
KEY POINTS FROM THIS EPISODE:
Why ESG is important to the mining industry from a practice and corporate perspective.
The shift that has occurred in ESG practices within the mining industry.
Why Rhylin is excited about ESG-centered reporting.
The benefit that the mining industry can bring to local communities.
The possibility of mandating ESG reporting in mining.
A perspective on mining as a temporary stewarding of the land.
The obligation of the mining industry to build community skills.
Rhylin’s perspective on what it means to have a good ESG strategy.
The value of engaging the people on the ground in your ESG strategy.
Investor interest in and response to ESG strategy.
Navigating the issue of standardization.
Shifts in data reporting and considerations for increased incident reporting.
The issue of capacity for reporting.
Why strong community relationships are the most important thing.
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Please note that the information contained in this interview is not financial advice but for entertainment purposes. I am not a financial advisor and make no warranties or representations concerning the accuracy or suitability of the information contained in this interview. I recommend that any and all investment decisions be made with the advice of accredited investment advisors.