Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental sustainability
• Social responsibility
• Governance

Climate Goals & Targets

Environmental Challenges

• Negative environmental and social impacts of mining, particularly affecting indigenous communities.
• High number of publicly reported environmental and human rights abuses at mine sites in LAC.
• Community protests and social unrest due to mining activities.
• Uneven adherence to ESG standards and reporting among mining companies in LAC.
• Policy uncertainty and resource nationalization policies deterring investment.
• Limited access to technology and skills.
• Increased anti-mining protests and social unrest.

Mitigation Strategies

• Initiatives by global mining industry (TSM, IRMA, Copper Mark, ICMM) to promote sustainable mining practices and standards.
• Initiatives by international organizations (World Bank, IFC, EU-Latin America Partnership) to support sustainable mining in resource-rich countries.
• Need for initiatives by mining countries themselves to ensure compliance with regulations and ESG standards, and engage with local communities.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters (heavy rainfall, tailings dam collapses)

Transition Risks

• Policy uncertainty, resource nationalization

Opportunities

• Development of the mining sector to meet the global demand for critical minerals for the energy transition

Reporting Standards

Frameworks Used: TSM, IRMA, Copper Mark, ICMM

UN Sustainable Development Goals

• SDG 7 (Affordable and Clean Energy)
• SDG 9 (Industry, Innovation, and Infrastructure)
• SDG 12 (Responsible Consumption and Production)
• SDG 13 (Climate Action)

The report highlights the importance of sustainable mining for the global energy transition and achieving climate goals.