Focus on environmental, social, and corporate governance strategies remains a strong performance indicator for investors concerned about the sustainable future of the gold and mining industry.
While there is some indication that mining companies have started addressing ESG-related goals, there remains significant room for improvement and adoption of more aggressive strategies that can physically address ESG issues within the global gold mining industry.Corporate leaders have quickly realized the integral role ESG commitments play in the long-term sustainability of building and operating a business in the current economic climate.
As part of its environmental efforts, the company directly contributed to the construction of one of the world’s biggest wind farms. This was an attempt to provide investors and consumers more transparency on the development of copper products, and part of their initiative for Low-Carbon Copper products.
There could be an upside for BDNNY in the coming years, seeing as the company operates several open pit mines, across Denmark, Finland, Norway, Sweden, Ireland, and parts of the United Kingdom, and northern Europe. As part of their initiative to improve inclusive hiring efforts, the company has a 43% senior management and 60% global employee headcount that represents persons from diverse and ethnic communities. Recently, the company has been aiming to further broaden its diversity targets, looking to have at least one diverse director by 2025, which will expand beyond gender diversity.
Cash flow remains steady, although net income was down by 6% quarter over quarter, for the period ending June 2023. There is more room for improvement in terms of the company’s balance sheet, however, the last leg of the year could provide Franco-Nevada with more promising returns and performance as they look to increase their investment activities.
More than this, Gold Fields has a comprehensive forward-looking strategy that involves several phases of decarbonization, which includes the utilization and improvement of clean energy sources, and a later phase that would include the electrification of all fossil fuel-powered machinery and equipment.
Nonetheless, the year has been somewhat promising, as share prices have climbed by 26% to date. The trailing two weeks ending July witnessed share prices tumbling by 26%, however, recently shares have regained their traction, advancing 6.65% between August 17 and August 23. A review of its 2022 sustainability report indicated that Wheaton is one of the best Corporate Citizens in Canada, as its environmental efforts include renewable and green energy, effective water management, and improvements in air quality and pollution.