CDP: Global Mining report published

Published|28.01.10

Acclimatise has just published the Global Mining Carbon Disclosure Project Report. The report was sponsored by IBM and is available for download from our reports section.

The full press release accompanying the report launch can be downloaded from our articles section.

Produced by Acclimatise and sponsored by IBM, the report explores the business implications of inevitable climate change supported by evidence-based analysis using the Acclimatisation Index^TM. The report analyses the current challenges, specific drivers for adaptation and provides senior executive level guidance on the actions needed to adapt and build resilience to climate change impacts. The report also recognises that adaptation is an increasingly critical issue for governments, regulators, investors and the financial markets.

As an example the report highlights that over 80% of global mining companies surveyed claim their physical assets would be affected by extreme weather events, yet only 13% report taking action to protect their assets that are critical to business success, attracting financial investment and the safety of employees.

To help the sector adapt to these challenges Acclimatise and IBM have jointly prepared a set of 10 Prepare-Adapt questions to help mining executives take informed steps towards building corporate resilience. This section can be found toward the back of the report.

“If ever there was an industry which has to get to grips with the impacts of a changing climate, then it is mining. You can’t invest in long-term capital intensive operations without considering how climate change will affect your operations, your markets, your workforce and your reputation” John Firth, Chief Executive Officer and Co-Founder, Acclimatise.

“The mining industry has been an essential contributor to society and the economy for many years and has continually adapted successfully to changes. IBM believes this rate of change is increasing and many within the industry realise that the modern miner will need to work differently and work smarter to succeed. Increasingly companies need to think about the potential impacts from inevitable climate change resulting from past greenhouse gas emissions. Whether this takes the form of adapting to reduce risks, complying with regulations aimed at increasing energy efficiency or reducing greenhouse gas emissions.” David Carter, Global Mining Lead, IBM Global Business Services.

“This report shows how important it is for the mining sector to plan for a changing climate. Issues such as operating cost, community impact and reputational risks will impact if not managed effectively. As a result, investors want to know how mining companies are dealing with these risks and planning for them in the future. This report helps answer those questions.” Paul Simpson, Chief Operating Officer, Carbon Disclosure Project.

For further insights into the results, please register and view the report launch webinar:

Register today to access the CDP: Global Mining Adaptation report webinar on 28th January 2010, 09:00 to 10:00 UK Time. The recording will stay live for six months after the event.

Register with 2degrees to continue the online forum & access groundbreaking webinars in the Sustainable Investment Management network.

Learn more about IBM and the Carbon Disclosure Project here.