Nature Positive Role of the Mining and Metals Sector

Page 53 of 73 · WEF_Nature_Positive_Role_of_the_Mining_and_Metals_Sector.pdf

Conclusion The mining and metals sector plays a pivotal role in the global economy, supplying materials that are fundamental to almost all other sectors. However, the sector also faces significant environmental and social challenges, where activities can contribute to biodiversity loss and violate the rights of Indigenous Peoples. As demand for critical minerals intensifies, driven by the clean energy transition, it is essential that companies balance this growth with robust sustainability practices. To mitigate risks and build long-term resilience, businesses in this sector must take decisive actions. This includes prioritizing avoiding and reducing the impacts of mining operations, expanding circularity and sourcing responsibly, and restoring and regenerating landscapes. Through collaboration with companies across the sector, suppliers and customers, other industries, regulators, civil society, Indigenous Peoples and local communities, the mining and metals industry can champion a transformative shift that aligns with global biodiversity goals, securing a sustainable future for both business and the planet. Nature Positive: Role of the Mining and Metals Sector 53
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