ESG Data Stewardship: An IFC Good Practice Note for Mining

IFC Publication: “As demand for responsibly sourced materials such as lithium, cobalt, and nickel continues to grow, driven by the global energy transition, robust ESG data practices have become essential. These practices enable mining companies to meet stakeholder expectations for transparency and ensure operations align with sustainability targets. PWC’s 2021 Global Investor ESG Survey found that 83% of investors viewed detailed, evidence-based ESG reporting as critical to maintaining investment appeal. Additionally, regulatory frameworks like the European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD) require companies to conduct a double materiality assessment—evaluating how sustainability issues may financially impact the company and affect people or the environment. Having the right data is critical to addressing these emerging trends. The question we need to ask is whether ESG data is being utilized to its full potential…(More)”.