Mining Industry Sustainability | ENGIE Impact

Mining Industry

In order to remain competitive in an evolving market and maintain their social license into the future, mining companies need to find ways to operate efficiently and sustainably.

Mining companies see climate change as an operational risk predominantly due to water stress and floods that endanger their assets. In parallel, green house gas (GHG) emissions continue to accumulate, with emissions from the mining sector—including Scope 3—accounting for 28% of the global total.

With increased concerns for sustainability, accompanied by pressures from key stakeholders, there is a greater call for accelerated sustainability transformation and greater transparency from the mining industry. Net Zero mining is becoming the expectation, and global markets have created an imperative to decarbonize.

Recognizing growing climate-related risks and the profound impact on global emissions, investors are moving away from high-carbon assets as companies continue to invest in resilience zero-carbon solutions and low-risk technology opportunities to accelerate decarbonization.

Securing social license has become increasingly dependent on positive externalities to communities near mine sites. As reputational aspects become increasingly tangible, companies must take a socially responsible stance to compete with tech-heavy industrials for the best talent.

What Sustainability Challenges is the Mining Industry Facing Today?

First movers in the industry are targeting zero-carbon operations by 2030. However, many companies lack the expertise, technologies, and capital to transform at the necessary speed and scale to drive operational excellence and resilience in the global marketplace. According to ENGIE Impact's analysis of CDP reporting data, only 19% of mining companies reporting to CDP are on track to meet their sustainability goals. These companies face several challenges:


of mining is vulnerable to climate change


of a mine’s total cost of production is energy-related


of mining’s top 10 players have set sustainability targets

What Should the Mining Industry be Thinking About?

Accelerated sustainability transformation is crucial for mining companies to remain competitive in the future. Operating in a dynamic market, these companies must leverage digital tools and technologies to optimize operations, clean energy supply, and extend decarbonization.

Transition Toward Decarbonized Operations: Decarbonization is a critical element of a mining companies' long-term strategy to maximize shareholder value. Strategic decarbonization driven by modern tools and technology is necessary to reduce emissions while fostering productivity. Companies must adopt a full decarbonization roadmap that includes suitable, innovative solutions, such as green mobility—which accelerates the transition to low-carbon mobility while optimizing fleets for the lowest total cost of ownership.


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Mining Industry Experts

José Monzon Director, Sustainability Solutions - Americas
Pablo Morales Managing Director, Sustainability Solutions - Americas
Amy Steel Senior Manager, Sustainability Solutions - APAC
Jonathan Mayhew Director, Strategy & Implementation, Mining - Americas

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