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Holistic Value Model for the mining industry

Reference number
Coordinator Nordic Strategy Partners AB
Funding from Vinnova SEK 1 900 000
Project duration November 2022 - September 2024
Status Ongoing

Purpose and goal

The project’s aim is to further move Sweden’s position as a sustainable and reliable mining nation forward by developing a new decision model for projects that incorporates ESG (environmental, social, governmental) factors in a comparable way to today’s more easily calculated directs costs and revenues. With a new model, the industry can both show that ESG factors have a real impact on investment decisions, but also that by considering these factors new types of financially relevant risks and opportunities will be included, and hence improve financial transparency and performance.

Expected results and effects

The project goals are: - Develop a detailed holistic value model concept design based on an international best practise and current state analysis - Demonstrate a proof-of-concept of the holistic value model in a real-life pilot case - Evaluate quantitative value impact of the model with relevant stakeholders - Develop a generic model that can be designed and implemented industry-wide

Planned approach and implementation

The project is conducted in five different work packages: 1. Project coordination: management, meetings, reporting 2. Concept design: international best practice analysis and current situation analysis. Rework of the concept from the preliminary study 3. Proof-of-concept through a pilot case: together with Boliden, test the concept in a real case 4. Evaluation pilot and effect analysis: Careful evaluation of the pilot and what effects an implementation can have 5. Dissemination of results: communicate results from the project and establish contacts with other initiatives

The project description has been provided by the project members themselves and the text has not been looked at by our editors.

Last updated 16 April 2024

Reference number 2022-02859

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