The KPMG research, 'Time to act now – ESG in Metals and Mining,' stresses the significance of incorporating ESG and sustainability measures to align the metals and mining business with global net zero goals.
Despite its high carbon and energy footprint, the sector can help transition to a sustainable future, according to the paper. The report also illustrates the global consensus that ESG and growth have no tradeoff, giving the industry an opportunity to institutionalize ESG principles and take disruptive initiatives.
KPMG International surveyed over 400 C-suite executives and board members worldwide and found substantial support for achieving net zero without compromising growth. The research emphasises aggressive decarbonisation and disruptive technology to navigate the sector's future, which is difficult. Implementing ESG practices is vital for environmental stewardship, competitive advantage, and long-term sustainability as investors and consumers prioritise them.
The paper outlines a path for the metals and mining industry to reach net zero by promoting aggressive decarbonization and disruptive technology.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
