The decarbonization imperative is putting pressure on the mining sector. Driven by stakeholder pressures and changing exposures, future-ready metals and mining businesses are embracing five steps to build resilience against climate risk.
Climate change is driving the mining sector to think strategically
Climate change is impacting the extractives sector as businesses continue to:
- Appraise their role in a low-carbon future through mining the necessary metals and minerals
- Rebalance commodity portfolios and shift away from fossil fuels
- Drive to decarbonize their operations and supply chains
- Manage exposures to legal challenges associated with historical emissions, environmental degradation, potential “greenwashing” allegations, and directors’ and officers’ (D&O) insurance claims related to climate change
- Shore up the resilience of their assets, operations, and supply chains to the physical impacts of climate change
Mining investment decisions have long lead times and long-lasting effects. Future-ready business leaders are taking action now.
To find out how climate hazards are mounting for mining and metals companies, and how to prepare for a changing future, download the full article, below.
Disclaimer
WTW offers insurance-related services through its appropriately licensed and authorised companies in each country in which WTW operates. For further authorisation and regulatory details about our WTW legal entities, operating in your country, please refer to our WTW website. It is a regulatory requirement for us to consider our local licensing requirements.
Download
| Title | File Type | File Size |
|---|---|---|
| Five ways mining businesses can build climate resiliencePDF | .8MB |
Author
Contact
WTW Mining and Metals
Find out how WTW can empower your mining operations
