Renewables promising for miners, but edge may go to most responsible operators
The rise of renewable energy to meet global climate goals could be a boon for global mining companies but new customers may also bring higher levels of scrutiny to corporate responsibility practices in the sector.
Increased production of renewable energy resources to meet the goals set out by the Paris Agreement on climate change is expected to drastically boost demand for valuable materials including lithium, cadmium, silver, rare earth metals, aluminum and copper. As demand rises, a growing number of stakeholders are calling for close attention to the environmental, social and governance practices of mining companies crucial to the renewable energy supply chain.