BETTING ON BLOCKCHAIN: ESG data central to securing finance, MineHub says

Accurate reporting of the environmental, social and governance (ESG) performance of metals and mining companies is becoming critical in securing investment, financing and offtake agreements, according to blockchain technology platform MineHub.

Metals and mining companies are under enormous pressure to improve their ESG credentials, and need to produce specific data to show that they are meeting the greenhouse gas (GHG) reduction targets that firms have set themselves for the next decade, the company has told Fastmarkets.
“Information is becoming ever more important to consumer companies, but Scope 1 (direct) and Scope 2 (indirect) emissions are rarely included as a standard data point in transactions,” MineHub said.

“It’s important to get to the point where the specifications of the mineral produced are no longer just the chemical and the physical specifications,...

Published

Andrea Hotter

September 15, 2021

13:42 GMT

New York