ESG risks and geopolitics ranked top risks for mining companies – survey

  • 📰 MiningWeeklyCA
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

ESG issues and geopolitics ranked top risks for mining companies – survey Resource nationalisation is seen as the top geopolitical factor as governments seek to fill revenue gaps after spending throughout the pandemic.

Global mining and metals executives rank environment, social and governance , geopolitics and climate change as the top three risks facing their business over the next 12 months, a survey by consultancy EY has found.

While mining and metals companies are integrating ESG factors into corporate strategies, decision-making and reporting, survey respondents continue to rank ESG issues as the number-one risk to their business.Respondents list water stewardship , decarbonisation and green production as the top issues they expect will face the most scrutiny from investors.

Respondents ranked geopolitics as the second business risk – up from fourth last year. Resource nationalisation is seen as the top geopolitical factor likely to impact on operations, as governments seek to fill revenue gaps after spending throughout the pandemic and capitalise on higher commodity prices through new or increased mining royalties.

Climate change is seen as the third top risk. EY says that mining companies have become progressively better at managing climate change, but there are still opportunities to improve. For example, not enough miners are taking action to minimise the physical risks of climate change, such as wildfires and flooding, which may threaten operations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 48. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines