Digging deep: which miners are facing up to the low-carbon challenge?

A new report ‘Digging Deep’ analyzing a US$294 billion market cap grouping of the world’s major publicly-listed mining companies reveals they are generating up to US$16 billion in emissions costs by passing down the risk in their value chain. Miners are exposed to up to 30 times more emissions, equivalent to India's annual emissions, by passing the buck down despite efforts to reduce them in the last six years. The report from CDP reveals mining companies remain heavily dependent on fossil fuels despite some sourcing almost half of their energy consumption from renewables. Miners are also spending almost half of their capital expenditure on low-carbon materials, such as copper and nickel, yet continue to spend over a quarter on fossil fuels.