Mining & Heavy Industry
Climate changes poses a threat to the mining sector including increasing costs from weather-related damage, more drastic regulation, carbon pricing, and changes in demand for commodities. Financial institutions are being regulated to disclose and price climate risk into investment and lending portfolios, and access to and cost of capital are increasingly linked to climate and sustainability factors. Mining companies should develop a systematic approach to managing climate risk, embedding it into corporate risk management and operational site management.
Some of the ways we support mining & heavy industry companies:
- Alignment with the recommendations of the TCFD
- Climate risk assessments of mining assets (both physical and transition risk)
- Probabilistic assessment of forward-looking financial risk exposure at the asset level
- Capacity building and training