The mining industry is undergoing a meaningful energy transition – from traditionally relying on diesel for power generation to moving towards renewable and alternative fuel solutions.
Driven by the world’s leading mining companies committing to net-zero emissions by 2050, there has been significant investment in the electrification of equipment, process improvements, hybrid energy systems and onsite power generation across the sector.
Investors, regulators, insurers, governments, and customers have also been major drivers of the transition, as there are increasing expectations about environmental, social, and governance (ESG) criteria – the set of standards for a company’s operations that socially conscious investors use to screen potential investments.
It is of no surprise therefore that ‘ESG’ was listed in three of the top 10 issues miners were concerned about in Deloitte Insights’ Tracking the trends 2021 report for the mining sector.
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