Sustainable development as a modern management practice is going beyond philanthropy and corporate responsibility. In what ways companies can increase value in a long-term as they identify, measure and reduce the economic, social and environmental risks and design successful solutions to the local and global challenges? Benchmarking and implementation of the Sustainable Mining Standards would allow a wide range of stakeholders to learn about the industry progress with respect to the three pillars of sustainable development – economy, environment and society. The discussion will focus on improving resource transparency, governance and government-led policies to enhance stability, predictability and resource-efficiency of the European mining marketplace.