Climate Change Data

Future Minerals Forum

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

ESG Focus Areas

  • Sustainable environmental, social, and governance (ESG) practices
  • Responsible mineral sourcing
  • Capacity building
  • Green metals hubs
  • Regional critical minerals framework

Environmental Achievements

  • Facilitating businesses to reduce operating costs and adhere to environmental standards more effectively through technology adoption (drones, remote data measurement units, etc.)
  • Creation of green metals hubs in the Super Region enabled by new technologies and powered by renewable energy

Social Achievements

  • Developing human potential to manage the value chains of the future
  • Training to develop the skill sets needed to sustain mineral production and processing across the Super Region
  • Developing a framework setting to serve as a guideline for responsible mineral production based on transparency of supply chains

Governance Achievements

  • Developing a regional critical minerals framework to promote global collaboration and maximize value creation in supplier countries
  • Saudi Arabia’s establishment of a Mineral Innovation and Acceleration Park (MIAP) in Riyadh

Climate Goals & Targets

Environmental Challenges

  • Underexplored Super Region with lowest exploration spend globally
  • Need to increase capacity and logistics of mineral and metal value chains to meet growing demand
  • Ensuring local value addition in investments in Africa
Mitigation Strategies
  • International Geological Survey Meeting to leverage international collaboration, modernize geological survey data, and support capacity building
  • Mineral Exploration Zone to connect junior exploration companies with investors
  • Agreements and Memoranda of Understanding to attract investment and promote sustainability standards

Supply Chain Management

Responsible Procurement
  • Developing a framework setting to serve as a guideline for responsible mineral production based on transparency of supply chains

Climate-Related Risks & Opportunities