May 24, 2022
Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
Joining Justin today to discuss responsible raw materials, mining, and ESG with Chief Executive Officer and Co-Founder of Satarla, Sarah Gordon!
Sarah has worked in a number of fields including risk and assurance, safety, sustainability, R&D, business divestment, and mine and exploration geology. These roles have allowed her to live and work all over the world. Sarah is also a Trustee of the Geological Society of London and leads the group Responsible Raw Materials; a non-profit whose mission is to enable the responsible extraction and use of raw materials.
Sarah shares about the standards for ethics and sustainability for mining raw materials that risk professionals should know about; her insights into shared knowledge, sustainability, and the environmental impact of mining; the top three biggest ESG risks/trends that she feels risk managers need to be aware of in 2022 and beyond; and more.
Whether you are a risk management professional or a member of the general public, you will learn a lot from Sarah’s insight in today’s episode!
Key Takeaways:
[:01] About the RIMS Membership.
[:14] About RIMScast.
[:27] About today’s episode with Sarah Gordon.
[:37] Upcoming RIMS webinars and workshops, RIMS membership, and RIMS Buyers Guide.
[1:33] More about today’s episode with Sarah Gordon!
[2:33] Justin welcomes Sarah Gordon to RIMScast.
[3:07] Last week, Sarah hosted and organized the Responsible Raw Materials virtual conference. She shares what the event covered and how it went.
[3:54] About Sarah’s background in geology and how she found her way into risk management.
[6:18] More about the Responsible Raw Materials conference: what it is and what it sets out to do.
[10:21] Are there standards for ethics and sustainability for mining raw materials that risk professionals should know about?
[11:47] What the future of the Responsible Raw Materials conference holds.
[13:12] RIMS plugs time! All about the RIMS Legislative Summit, virtual workshops, and the RIMS Mobile App.
[14:40] The intersection that risk professionals should be aware of when it comes to ESG, mining, and raw materials.
[16:21] Sarah’s insights into shared knowledge, sustainability, and the environmental impact of mining.
[20:49] Is the global inflation that we’re seeing right now a part of the conversation with regards to mining?
[23:03] Sarah’s top three biggest ESG risks/trends that she feels risk managers need to be aware of in 2022 and beyond.
[29:30] Where to follow up with the Responsible Raw Materials conference and access free resources online.
[30:13] How to stay up-to-date on the upcoming Responsible Raw Materials virtual conference in May 2023.
[30:43] Justin thanks Sarah Gordon for joining the podcast and shares some of the links to check in today’s show notes.
Mentioned in this Episode:
RIMS Events, Education, and Services:
NEW FOR MEMBERS! RIMS Mobile App
RIMS Advocacy — Legislative Summit Returns on September 20th!
RISKWORLD registrants can still access educational sessions on-demand through the RISKWORLD app and through desktop here.
Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.
Responsible Raw Materials — Resources, Conference Videos and Toolkits
Virtual Workshops:
June 9, 2022 | “Earn the RIMS Fundamentals of Risk Data, Analytics and AI Certificate” | Attend our new three-part, virtual workshop series to improve your knowledge and enrich your risk management program with the best practices in data management, analytics, and artificial intelligence. “Part I: Leveraging Data and Analytics for Continuous Risk Management”: 10 am EST — 2 pm EST
“Fundamentals of Risk Management” — Aug 10‒11th
Webinars:
June 2, 2022 | “Cyber, and Data, and Regulatory Risks (to Avoid)—Oh My!” | Sponsored by Beazley
June 28, 2022 | “Your Greatest Asset: Smart Risk Management in the Age of Workforce Transformation” | Sponsored by Travelers
June 30, 2022 | “What Really Happens When You Negotiate with a Hacker?” | Sponsored by Gallagher Core Insights 360
Sponsored RIMScast Episodes:
“Keeping Subcontractors Safe Through Partner Elevation” | Sponsored by Highwire
“ESG: A Responsibility and a Growing Megatrend” | Sponsored by Prudent Insurance Brokers Ltd.
“Focusing on Your Team to Deliver Exceptional Quality and Service to Your Clients”
| Sponsored by Gallagher Bassett
“Bermuda Opportunities in 2022 with BDA Chair Stephen Weinstein” | Sponsored by Bermuda Business Development Agency
“SyncR: A Tool to Enhance Your Risk Quality & Insurance Strategy” | Sponsored by Prudent Insurance Brokers Ltd.
“Navigating the Risk Landscape in 2022” | Sponsored by AXA XL
“Prioritizing People: Expertise and Innovation” | Sponsored by Gallagher Bassett
“Risk Findings for the Industrial & Manufacturing Industry” | Sponsored by Aon
“Establishing the Right Assurance to Request From Business Partners” | Sponsored by HITRUST
“Aon’s 2021 Retail Industry Overview” | Sponsored by Aon
“A Legacy of Resilience” | Sponsored by J.B. Boda Group
“The Golden Era of Insurance” | Sponsored by The Hartford
“Insurance Investigation Trends Happening Now” | Sponsored by Travelers
“What Could a CRO Do for Your Business?” | Sponsored by Riskonnect
“Hard Reality: A Look at Rising Rates in Property & Excess Casualty” | Sponsored by AXA XL
“Property Valuation Deep Dive” | Sponsored by TÜV SÜD
“Property Loss Control Engineering” | Sponsored by Prudent Insurance Brokers
NEW RIMSCAST VIDEO: “Climate Change and Insurance: A Fireside Chat with Dev Bhutani and Deepak Madan” | Sponsored by Prudent Insurance Brokers Ltd.
Related RIMScast Episodes:
“Earth Observations, Acronyms, and Risk with Dr. Shanna McClain of NASA” (2021)
“Combating Water Scarcity with AquaShares Founder James Workman” (2020)
“What the Future Holds with RISKWORLD Keynote Peter Leyden”
RIMS Coverage of Raw Materials and Mining:
Risk Management Magazine: “The Volatility of Raw Materials Markets”
Insurance Coverage for Supply Chain Interruptions
Managing Supply Chain Disruption
Contractual Ways to Deal with the Rising Costs of Lumber
Insurers Divest from Coal Over Climate Risks
Cryptojacking: How Hackers Steal Resources to Mine Digital Gold
RIMS Publications, Content, and Links:
RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!
RIMS Advisory Services — Ask a Peer
RIMS Coronavirus Information Center
RIMS-Certified Risk Management Professional (RIMS-CRMP)
RIMS-CRMP Stories — New interview featuring RIMS Treasurer Jennifer Santiago!
Spencer Educational Foundation
Want to Learn More?
Keep up with the podcast on RIMS.org and listen on iTunes.
Have a question or suggestion? Email: Content@rims.org.
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Follow up with Our Guests:
Tweetables (For Social Media Use):
“The thing that many risk managers don’t necessarily realize is that a degree in geology is actually a degree in risk management. No geologist really knows what’s under the ground so it’s all a bit of a guess which is actually what we do as risk managers.” — Sarah Gordon
“If you understand how to get true integrative risk management to work in an organization, that is the secret sauce to incorporating sustainability into how a business actually operates.” — Sarah Gordon