New guidance to assess mining transition

The IIGCC has launched its Net Zero Standard for Diversified Mining as a tool to help investors assess mining companies’ net-zero transition plans.

The mining sector is pivotal to the net-zero transition and has a huge influence on other sectors of the economy, such as the automotive sector, property, steel and manufacturing. Using this Standard will help investors understand the credibility of company transition strategies, enabling them to improve their ability to assess their individual portfolio risks and opportunities.

The Institutional Investors Group on Climate Change framework assesses individual commodities separately, to help investors to understand a company’s overall exposure to transition risks, and treats all transition materials as climate solutions, which is helpful for investors who have set an allocation to climate solutions target using the Net Zero Investment Framework.

To help investors balance the need for growth here with the potential impact on local communities, the Standard then screens key transition materials to assess whether their production is consistent with social and environmental criteria.

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