Nature Positive Role of the Mining and Metals Sector

Deep-dive on business opportunities for the mining and metals sector TABLE 3 Taking these five priority actions across operations and the wider value chain will help companies in the sector avoid or reduce the four drivers of biodiversity loss (land-use change and ecosystem disturbance, pollution, water abstraction and GHG emissions) across the four nature realms (land, ocean, freshwater and atmosphere), mitigate risks to operations and unlock commercial opportunities. These actions will also contribute to the targets of the Global Biodiversity Framework, which aims to halt and reverse biodiversity loss by 2030 (see Table 4). Priority action Business opportunity from Future of Nature and Business reportOriginal size in Future of Nature and Business report ($ billion)Adjustment factor to size share of mining and metals sector Opportunity size for mining and metals sector ($ billion) 1 Transform operations across the mine life cycleExpansion of renewables 650 Mining and metals sector share of global GDP: 1.01%6.6 Energy efficiency – buildings825 8.3 Energy efficiency – energy intensive sectors*187 1.9 Sustainable substances in extraction20 Mining and metals revenue share excluding coal: 72%14.4 Technology in energy and extractives supply chain30 21.6 2 Improve water stewardshipWater efficiency in mining 75 54.0 Waterwaste reuse 50 Mining and metals sector share of global GDP: 1.01%0.5 Natural systems for water supply140 1.4 3 Expand circularity and source responsiblyCircular economy – automotive870 8.8 Circular economy – appliances565 5.7 Circular economy – electronics390 3.9 End-use steel efficiency 210 2.1 Resource recovery 225 Mining and metals revenue share excluding coal: 72%162.0 4 Restore and regenerate landscapesMine rehabilitation 70 50.4 Nature climate solutions 85Mining and metals sector share of global GDP: 1.01%0.9 5 Transform policy systems and collaborate across sectorsShared infrastructure 130Mining and metals revenue share excluding coal: 72%93.6 *Additional opportunity beyond Future of Nature and Business report analysis. Nature Positive: Role of the Mining and Metals Sector 30