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On this International Day for Climate Action and every day, let’s highlight the need for climate resilient infrastructure. As the world transitions to a low-carbon economy, meeting increasing global demand for critical minerals and metals requires that mining companies ramp up their operations while ensuring that this is done in a low-carbon and climate resilient manner. Read IFC’s new guidance note ➡ https://lnkd.in/g6_6-vhD The report helps mining companies undertake approaches to climate risk and adaptation, including: 📝Guidance on building an adaptation plan ✔️Adaptation commitments checklists 💵Financing instruments for adaptation investments ⚠️Conducting a comprehensive climate risk assessment #ClimateAction #ActNow #ClimateResilience #CriticalMinerals #ClimateSmartMining #IFCInfrastructure IFC - International Finance Corporation

𝐖𝐡𝐲 𝐄𝐯𝐞𝐫𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐍𝐞𝐞𝐝𝐬 𝐚 𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐑𝐢𝐬𝐤 𝐀𝐬𝐬𝐞𝐬𝐬𝐦𝐞𝐧𝐭! Climate change isn't just about rising sea levels and extreme weather events. It's a complex threat with hidden risks that can disrupt entire industries.  A new PWC report says over half of global copper mines could face significant drought risk by 2050, even in a best-case climate scenario. Moreover, copper is essential for electric vehicles and renewable infrastructure. Climate change poses hidden risks to all industries, not just mining. 𝐓𝐡𝐚𝐭'𝐬 𝐰𝐡𝐲 𝐚 𝐜𝐥𝐢𝐦𝐚𝐭𝐞 𝐫𝐢𝐬𝐤 𝐚𝐬𝐬𝐞𝐬𝐬𝐦𝐞𝐧𝐭 𝐢𝐬 𝐧𝐨 𝐥𝐨𝐧𝐠𝐞𝐫 𝐨𝐩𝐭𝐢𝐨𝐧𝐚𝐥. Why? 1️⃣𝐃𝐨𝐦𝐢𝐧𝐨 𝐄𝐟𝐟𝐞𝐜𝐭 - Imagine a drought impacting copper production,stalling electric vehicle manufacturing! A climate risk assessment helps identify these unexpected disruptions across your supply chain. 2️⃣ 𝐆𝐞𝐭 𝐀𝐡𝐞𝐚𝐝 𝐨𝐟 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 3️⃣ 𝐅𝐮𝐭𝐮𝐫𝐞-𝐏𝐫𝐨𝐨𝐟 𝐘𝐨𝐮𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬: This could mean anything from securing alternative water sources to developing heat-resistant infrastructure. 𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐫𝐢𝐬𝐤 𝐢𝐬𝐧'𝐭 𝐣𝐮𝐬𝐭 𝐞𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥, 𝐢𝐭'𝐬 𝐚𝐛𝐨𝐮𝐭 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐢𝐭𝐲. What steps can your industry take to assess climate risks? Share your thoughts in the comments! #climate #risk #sustainability #riskassessment #ESG Source -

𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗥𝗶𝘀𝗸𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗠𝗲𝘁𝗮𝗹𝘀 𝗮𝗻𝗱 𝗠𝗶𝗻𝗶𝗻𝗴 𝗦𝗲𝗰𝘁𝗼𝗿 by United Nations Environment Programme Finance Initiative (UNEP FI) Mining and metals are some of the world’s most #carbonintensive sectors, and growing #demand for #electronics and modern #goods has led to an increase in #metals and #minerals production. Mining #activities also lead to various other damaging #environmental and #social impacts through soil, water and air pollution. However, the metals and mining sector has a crucial role to play in the #transition to a #lowcarbon global #economy. This transition brings significant physical and transition #climate #risks and #opportunities outlined in this #brief. Designed for #banks, #insurers, #investors, and their #clients, this #report provides a baseline understanding of the key #physical and #transition climate-related risks faced by the mining and metals sector. It aims at empowering #finance #professionals to integrate their own risks and those of their #clients into their institution’s #strategy and #operations through #casestudies and #riskmanagement #recommendations for each risk identified. By helping firms mitigate risks and reduce their financed emissions, this brief can also support #financialinstitutions to meet their #netzero #commitments.  The #download link of the #report is here: https://lnkd.in/dnRUgeis

Unless climate change is tackled, the cost to the global economy is predicted to total US$170 trillion by 2070. The longer the issue is left unaddressed, the higher this projected figure will rise. Today marks World Environment Day. A day to recognise the importance of sustainability and protecting our planet. The mining sector is playing an instrumental role in the green energy transition; however, our data shows that investors are reluctant to invest in mining, with the most commonly cited concern being the impact on local communities. As we recognise the importance of environmental action today, we must ensure we meet our decarbonisation goals sustainably and responsibly. M4H designs and implements programmes in partnership with mining companies, which leverage the unique properties of critical raw materials to create solutions for local communities. Let’s continue to work together to ensure the green energy transition can benefit us all. #WorldEnvironmentDay #ESGInvesting #Mining

As the energy and climate transition gathers pace, countries are locking in supplies of minerals critical to it. Australian mineral explorers, developers and producers must understand the potential implications for their businesses and the impact on individual projects across a range of possible scenarios https://lnkd.in/gdXjUEwk

#Coppershortage There is a lot of coverage these days around Copper shortage and its likely impact on energy transition. The world copper market is likely to face a 4-5 million ton deficit by 2030 and 54% of Copper production at risk from drought by 2050. Some early movers are already reacting - making supply chain resilience, exploring substitutes and light-weight materials, and collaboration to bring new mining assets online. As climate disruption intensifies, how will it affect our communities, our economies, our lives? Read PwC's latest. https://lnkd.in/dQzUgGcc

With known deposits of 16 of the 31 critical minerals seen as necessary building blocks of the technology to help combat climate change, B.C. is in a great position to realize the economic benefits that they can provide.

It keeps surprising me how many feedback loops & interdependencies there are in climate effects & actions. I for one had not realized how drastically droughts and heat stress will endanger the mining of the very minerals that will be needed for electrifying societies. One conclusion remains: the faster we act, the easier and less costly it will be! Also: there are no silver bullets, and we need several solutions and approaches spanning from adaptation to mitigation to work simultaneously. Good report on the topic from PwC: https://lnkd.in/eKmtsNaP

The battle over mining in Minnesota reveals the stark reality of our clean energy future: it’s often viewed as a tightrope walk between saving the planet and sacrificing local communities. As demand for critical minerals skyrockets, we're likely to see more and more ethical and environmental trade-offs, demanding innovative solutions beyond traditional mining to minimize the footprint of our clean energy ambitions. #CleanEnergy #Sustainability #Mining

The production of a majority of #CriticalMinerals could face disruption due to #ClimateChange by 2050, even if emissions were to drop sharply by the end of the decade, a PwC study has found. More than half of the production capacity for iron, bauxite and copper, and 74% for lithium and cobalt, could soon be at significant, high or extreme #ClimateRisk, the consultancy said. This emphasises the need for companies to increase #ClimateResilience to protect their workforces and physical assets against these future disruptions. https://lnkd.in/eE7b7zuf #ChiefSustainabilityOfficer #Commodities #Mining