The aim of the Commission is to develop a global consensus across the finance and corporate world for a reformed mining sector by 2030 that:
Retains its social license to operate;
Meets the needs of society and the low carbon transition; and
Does not cause harm to people, communities and the environment.
It draws upon the lessons learnt by investors from the steps they have taken with industry and the UN following the Brumadinho disaster in Brazil.
The Commission is facilitating a series of working groups that aim to identify key steps which will drive systemic change and support this vital sector to meet the mineral demands of society and our environment.
From electric car batteries to renewable energy production, the transition to net zero global economy requires low-carbon solutions that are mineral-intensive. In short, the global extraction capacity will determine whether or not we can achieve the goals of the Paris Agreement.
But this demand must be delivered sustainably and responsibly, and the mining industry as a whole sector, and despite good practice in many companies, currently faces a number of social and environmental issues such as climate change, biodiversity impacts and child labour.
Addressing these issues requires systemic, long-term engagement from investors to work collaboratively with industry and other stakeholders to drive change, support best practice in companies, address issues through value chains and ensure accountability and transparency.