'We have too many standards for the same ESG dimensions, leading to confusion and dissipated effort,' Mike Henry said.
The mining industry is a key focus for policymakers and investors because it provides the critical raw materials needed for electric vehicles and renewable energy infrastructure, but is also responsible for up to 7% of greenhouse-gas global emissions.
As in most industries, mining companies have set targets to decarbonise, aiming to reach net zero by 2040 and 2050, but they say it is difficult to account for the whole supply chain, as metals are used across many different industries that serve customers across various geographies.“Governments must provide predictability and stability to attract capital at lowest possible cost and as quickly as possible,” Henry said.
“This means stable fiscal settings, streamlined planning and permitting processes and harmonised standards,” he added.
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