Mining ESG – April 2021 – June 2021

Newcrest (51) and Alcoa (51) take joint-lead of the Q2 Mining & Metals ESG index rising by +34 and +27 respectively, as both set ambitious goals for reaching net-zero emissions. The performance of Vale (-47) improves (+15) but the company continues to generate negative material impact as Brazilian authorities finish their investigation into the company’s executives around the Simandoumine deal and alleged environmental “irregularities”.

Labour Relations emerges as the biggest material risk for the sector in Q2 with ArcelorMittal (46) facing strike action from steelworkers in North America, and Glencore (-28), BHP (-36) and AngloAmerican (-47) continuing to experience union issues at the Cerrejon mine.