Global guidelines and requirements for professional competencies of natural resource extraction engineers: Implications for ESG principles and sustainable development goals
Vladimir Litvinenko, Ian Bowbriсk, И. С. Наумов, Zoya Zaitseva
Abstract
The future limitation of certain types of minerals due to reduced availability and monopolization of their production requires international legal principles to forecast and respond to international environmental policy. The efficiency and complexity of mineral extraction in terms of environmental, social, governance (ESG) principles is largely determined by the level of professional competence of an extractive company. The level of professional competence of a resource extraction engineer is the equivalent of trust in the company's activities and its ability to comply with ESG principles. The paper proposes for consideration a system for determining the levels of professional competencies of the “Professional Resource Extraction Engineer” based on the “International Standards for Resource Extraction Engineers (ISREE)". Threshold requirements for additional knowledge are expected to be introduced in areas such as ethics, safety, environment and preservation of financial viability. The developed methodology and digital indicators for evaluating the activities of public extractive companies, with consideration to ESG principles and sustainable development goals (SDG), allows increasing transparency and trust in its activities of the local population.