UN investor group takes aim at mining sector's ESG failings

UN, PRI and Church of England

Investors and religious leaders are backing a new global initiative to improve ESG standards across the mining industry, amid growing concerns over how the reputational and geopolitical risks faced by the sector could undermine the net zero transition.

Launched today (25 January), Global Investor Commission on Mining 2030 has the backing of the UN, the Principles for Responsible Investment and the Archbishop of Canterbury. The Global Investor Commission on Mining 2030 is aimed at addressing "systemic risks" faced by the mining industry that could challenge its social license to operate just as its role in providing raw materials for the net zero transition becomes increasingly important. Asset managers prepare for staff reductions and streamlined product offerings in challenging 2023 The commission, which is chaired by the Church...