Top 10 business risks and opportunities for mining and metals in 2022

For the first time in EY’s annual report on the sector, mining and metals companies rank Environment and Social Issues as their number one risk! Miners that can demonstrate their contribution to a sustainable future will have a competitive advantage. As environmental, social and governance (ESG) factors become a bigger priority for investors, shareholders and a broader group of stakeholders, miners are doing more to integrate ESG into corporate strategies, decision-making and stakeholder reporting. Stakeholder pressure over issues such as biodiversity and water management are likely to intensify, requiring miners to progressively plan for mine closures and better manage the water-energy nexus to satisfy expectations. Companies are also under increasing pressure to take more responsibility for their impact on communities, and go beyond their regulatory obligations. Miners that help drive the long-term, sustainable economic and social growth of the regions in which they operate can leave a positive legacy beyond life of mine.

Read the report here