New Metal Leader

ESG remains the top focus for miners, but capital risks increase as mineral demand pressure builds amid energy transition

Retrieved on: 
Friday, October 13, 2023
Capital, EY, ESG, US, Risk, Intellectual property, OT, New Metal Leader, Computer security, Metal, IRA, Miner, Thought, Policy, Lithium, Mineral, Nickel, Biophysical environment, Attention, Copper, Arms industry, Renewable energy, Cryptocurrency, Mining

ESG issues are under ever increasing scrutiny from all stakeholders, but particularly investors, which creates challenges from a prioritisation perspective.

Key Points: 
  • ESG issues are under ever increasing scrutiny from all stakeholders, but particularly investors, which creates challenges from a prioritisation perspective.
  • Paul Mitchell, EY Global Mining & Metals Leader, says:
    "Many miners are focused on achieving a net positive impact.
  • The sector will, however, need access to significantly more capital if it is to mitigate the looming deficits of minerals needed for the energy transition.
  • The risks are numerous, but history proves the resilience and the inventiveness of the sector to turn these into opportunities.

ESG remains the top focus for miners, but capital risks increase as mineral demand pressure builds amid energy transition

Retrieved on: 
Friday, October 13, 2023
Capital, EY, ESG, US, Risk, Intellectual property, OT, New Metal Leader, Computer security, Metal, IRA, Miner, Thought, Policy, Lithium, Mineral, Nickel, Biophysical environment, Attention, Copper, Arms industry, Renewable energy, Cryptocurrency, Mining

ESG issues are under ever increasing scrutiny from all stakeholders, but particularly investors, which creates challenges from a prioritisation perspective.

Key Points: 
  • ESG issues are under ever increasing scrutiny from all stakeholders, but particularly investors, which creates challenges from a prioritisation perspective.
  • Paul Mitchell, EY Global Mining & Metals Leader, says:
    "Many miners are focused on achieving a net positive impact.
  • The sector will, however, need access to significantly more capital if it is to mitigate the looming deficits of minerals needed for the energy transition.
  • The risks are numerous, but history proves the resilience and the inventiveness of the sector to turn these into opportunities.

Social factors and geopolitical tensions are the major cause of disruption in the mining sector, with ESG the top focus

Retrieved on: 
Monday, September 26, 2022
Geopolitics, Health, Digital, Safety, ESG, LTO, COVID-19, EY, Mining, Risk, New Metal Leader, Business risks, Climate change, Automation, Technology, Miner, Bullying, Metal, Coal, Lithium, Mobile phone, Risk management, Renewable energy

Paul Mitchell, EY Global Mining & Metals Leader, says:

Key Points: 
  • Paul Mitchell, EY Global Mining & Metals Leader, says:
    "Managing ESG risk is becoming more complex.
  • Bullying and harassment are endemic and tied to ongoing issues around a lack of diversity, inclusiveness and respect.
  • According to the study, global conflict and ongoing disruption are creating new urgency for miners to rethink traditional operating and business models.
  • Mitchell says: "Companies that scrutinize and shift business models now, can get an edge on competitors, as demand and expectations change."

Social factors and geopolitical tensions are the major cause of disruption in the mining sector, with ESG the top focus

Retrieved on: 
Monday, September 26, 2022
Geopolitics, Health, Digital, Safety, ESG, LTO, COVID-19, EY, Mining, Risk, New Metal Leader, Business risks, Climate change, Automation, Technology, Miner, Bullying, Metal, Coal, Lithium, Mobile phone, Risk management, Renewable energy

Water stewardship is the top ESG risk for 76% of survey respondents as climate change and water scarcity concerns escalate.

Key Points: 
  • Water stewardship is the top ESG risk for 76% of survey respondents as climate change and water scarcity concerns escalate.
  • Paul Mitchell, EY Global Mining & Metals Leader, says:
    "Managing ESG risk is becoming more complex.
  • According to the study, global conflict and ongoing disruption are creating new urgency for miners to rethink traditional operating and business models.
  • Mitchell says: "Companies that scrutinize and shift business models now, can get an edge on competitors, as demand and expectations change."

ESG with a heightened focus on environment and social issues, emerges as the top risk/opportunity for the mining sector

Retrieved on: 
Thursday, October 7, 2021
Data science, Biodiversity, Pressure, LTO, ESG, Miner, First Nations, Map, Carbon, Metal, Environment, Mining, Risk, Technology, COVID-19, New Metal Leader, EY, Safety, Business risks, Industry, Marketing, Renewable energy

LONDON, Oct. 7, 2021 /PRNewswire/ -- Global mining executives rank environment, social and governance (ESG), decarbonization and license to operate (LTO) as the top three risks/opportunities facing their business over the next 12 months, according to the latest EY Top 10 Business Risks and Opportunities for mining and metals in 2022.

Key Points: 
  • The study surveyed more than 200 global mining executives and shortlists the most significant risks shaping the industry.
  • Despite conversations in 2021 across the industry focused on the energy transition and decarbonization, environment and social issues emerged as the number one risk for 2022.
  • We believe this reflects the industry understanding that issues will broaden as society demands continue to impact the industry.
  • Despite conceding the top spot in the rankings, LTO remains an evolving and complex issue for mining and metals companies.

ESG with a heightened focus on environment and social issues, emerges as the top risk/opportunity for the mining sector

Retrieved on: 
Thursday, October 7, 2021
Data science, Biodiversity, Pressure, LTO, ESG, Miner, First Nations, Map, Multimedia, Carbon, Metal, Environment, Mining, Low-carbon economy, Risk, Technology, COVID-19, New Metal Leader, View, EY, Safety, Business risks, Industry, Renewable energy

The study surveyed more than 200 global mining executives and shortlists the most significant risks shaping the industry.

Key Points: 
  • The study surveyed more than 200 global mining executives and shortlists the most significant risks shaping the industry.
  • Despite conversations in 2021 across the industry focused on the energy transition and decarbonization, environment and social issues emerged as the number one risk for 2022.
  • We believe this reflects the industry understanding that issues will broaden as society demands continue to impact the industry.
  • Despite conceding the top spot in the rankings, LTO remains an evolving and complex issue for mining and metals companies.