Many modern companies have a new generation of managers. Their reference system does not overlook important issues, such as ecology, the social mission of business, and the implementation of nature-friendly technologies. This has led to the development of an intra-corporate system of incentives in each enterprise, in which the methods of production and the place of gold mining companies in the markets and public life are renewed, as well as new trends in global development.

Sustainable development has become an essential strategic concept for many companies. Yuzhuralzoloto is a gold mining company with an excellent staff of conscious employees. Its board of directors chairman, Konstantin Strukov, understands the need for this strategy. Today, Yuzhuralzoloto faces complex social and environmental issues. At the same time, the global business environment is unstable. How does Yuzhuralzoloto maintain a stable production rate and level of sustainability? Let’s figure it out together.

Business sustainable development and environment: the common ground

Stakeholders pay a lot of attention to the company’s sustainable development issues. As a result, the management of Yuzhuralzoloto needs effective and responsible execution of responsibilities to develop and monitor long-term business strategies. So, specialists perform these functions to the fullest.

The principles of sustainable development are firmly tied to intangible values as well. Many gold miners realize their importance in sustainable business development, so Konstantin Strukov and other executives of Yuzhuralzoloto understand this. Analysts note that the board of directors of Yuzhuralzoloto pays much attention to sustainable development issues. An important place is given to strategic planning processes. In other words, the company tends to manage business according to the best and most effective environmental and socio-economic standards.

Corporate governance initiatives in Yuzhuralzoloto help businesses make it more sustainable. It is worth noting that environmental and social risks are transforming the global influence of gold mining companies. Climate change, adverse weather conditions, the recession of the global economy, and economic inequality pose risks to any business.

Many modern companies and their executives focus only on favorable business conditions in the global market and its sectors for the best investor activity. Yuzhuralzoloto’s board of directors does not miss this factor, but global environmental threats are no less important to this company.

The basis of any modern business strategy for providing sustainable development is the practice of economic and social progress. Climate change has become a threat not only to the planet and society but also to business. So, if a gold mining company considers these factors, it has huge prospects for growth. The strategic planning process in Yuzhuralzoloto has become more integrated and effective in recent years. Moreover, many Russian gold mining operations consider this.

Making a profit is no longer the only task for any business. Gold mining companies tend to gain and retain the trust of stakeholders. Yuzhuralzoloto expands its ambitions and has a business goal of obtaining long-term benefits. Each of them is related to the implementation of opportunities for environmental and socio-economic sustainable development.