Mining's Forgotten 'S': Has Decarbonisation Obscured the Social Angle of ESG?
The push for decarbonisation has kept the 'E' in ESG centre stage, but mining companies are overlooking social considerations.
ESG – environmental, social and governance – strategies were the hot topic of the early 2020s, but policy researchers generally agree that the hype has faded, leaving the substance open to scrutiny.
- Analysis by Mining Technology's parent company, GlobalData, reveals the cooling hype but also depicts a disparity between the three parts of the ESG strategy.
- In 2021, the term 'environment' was mentioned in mining companies' filings 154,301 times.
- 'Governance' appeared 121,834 times.
- 'Social', however, appeared fewer than half that number of times, at 59,449.
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Author's summary: Mining companies overlook social considerations in ESG strategies.
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