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Deloitte: ESG and the environment shoot to the top of mining industry’s agenda

Developing and meeting low carbon goals are some of the top issues miners will face in 2022, according to a new report.

Auditing giant Deloitte said in its annual Tracking the Trends report, which explores key trends mining companies must contend with as innovation accelerates driven by the need to meet decarbonisation, and other environmental, societal, and governance (ESG) goals.

Deloitte Australia mining & metals leader Steven Walsh explained the sector was facing one of the most transformative times in its history.

“The level of change and innovation we are seeing across the mining industry is accelerating. This change is being pushed by the demands and expectations of stakeholders across environment, society and governance, and is being pulled by the pandemic-driven adoption of new ways of work,” he said.

“The industry is embracing real opportunities to redefine itself, and to do so faster than many would have predicted a few years ago.” 

He added: “Those that succeed in adapting and innovating, will position themselves to lead the mining industry in a new energy future and leave a positive social impact in their wake.”

“The core objective of mining – providing metals and minerals to downstream sectors for all of the myriad uses in society – will still hold in a low-carbon future, but the energy transition absolutely presents a rare opportunity for leaders to reorganise, generate new value, and forge partnerships to create a more responsible and attractive future for the industry.”

“The way in which mining organisations position themselves today in preparation for this more sustainable future could redefine competitive advantage over the next decade.”

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