WGC Welcomed ICMM Statement on Net Zero Carbon Economy

SEATTLE (Scrap Monster): The World Gold Council (WGC) welcomed the recent statement published by the International Council on Mining and Metals (ICMM) outlining its stance on climate change and reaffirming its commitment to decarbonisation of the entire mining industry.

The Council extended supported the need for mining operations to accelerate their climate actions in order to achieve reduced greenhouse gas (GHG) emissions. The statement provides a clear indication of the collective efforts across the industry in moving towards a net zero carbon economy. It must be noted that the report acknowledges that different companies and sectors are at different stages in their respective journey to decarbonisation goal.

WGC agreed to ICMM’s observation that responsible mining will contribute positively towards achievement of UN Sustainable Development Goals. The Council had recently announced that its members have committed to climate-related reporting, in line with the recommendations laid down by the Taskforce for Climate-related Financial Disclosures (TCFD).

Terry Heymann, CFO, WGC noted that the Council supports the objectives and commitments expressed in the letter. Furthermore, he commended the firm commitment to collective efforts across the mining sector to reduce emissions.

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