What are the building blocks of an innovative, sustainable and competitive mining and metals industry? This community is a high-level group of peers dedicated to ensuring the long-term sustainability of their industry and society.
Industry agendaThe Mining and Metals Governors comprise chief executives and chairs from partner organizations. Together, they define the industry agenda. The Governors identified three priority challenges for 2018: 1. Industry positioningThe mining and metals industry is one of the building blocks of the Fourth Industrial Revolution. Yet, the current perception of the industry is increasing the cost for talent acquisition, increasing socio-political tensions and raising questions in the investor community. 2. Cross-industry partnershipsThe industry must form cross-industry partnerships to operate effectively and achieve its potential. Water availability, re-skilling and infrastructure issues require cross-industry solutions beyond corporate social responsibility and industry specific projects. 3. Industry transformationBy 2030, the profit pool for commodities is likely to have changed. The way companies compete needs to evolve to stay relevant in a lower-carbon economy led by a new generation. Business models will need to adapt to stay relevant, competitive and sustainable. The Forum is addressing these challenges through relevant System Initiatives, projects and activities. System InitiativesSystem Initiatives provide platforms to advance issues that require cross-industry collaboration. The System Initiative on Shaping the Future of Production aims to drive the application of new technologies to help build innovative and sustainable production systems that benefit everyone.The System Initiative on Shaping the Future of Environment and Natural Resource Security aims to find new ways to protect and value the global environmental commons. The System Initiative on Shaping the Future of Energy aims to accelerate the development of the policies, private-sector action and public-private collaboration. These are required to achieve a sustainable, affordable, secure and inclusive energy future, which is essential for economic and social development. The System Initiative on Shaping the Future of Economic Progress aims to inform and drive economic progress to bring more benefits to society. It does this by identifying new solutions, creating partnerships and promoting economic growth models that deliver inclusive and sustained economic progress. The System Initiative on Shaping the Future of Long-Term Investing, Infrastructure and Development aims to close the $1 trillion annual infrastructure financing shortfall, help companies and their investors find a longer-term outlook, scale up impact investing strategies that combine financial and social returns, and improve the efficiency of long-term social contracts such as retirement systems. The System Initiative on Shaping the Future of International Trade and Investment aims to inform business and policy debate on critical international trade and investment issues and drive practical steps to unlock their full potential. ProjectsThe Global Battery Alliance aims to achieve the inclusive, innovative and sustainable battery supply chain needed to power the Fourth Industrial Revolution. It will do so by forming a public-private coalition, which will scale and accelerate existing efforts to achieve sustainable batteries, and develop policy recommendations. The Accelerating the Materials Revolution in Transport project, which is still in the scoping phase, aims to create a public-private consortium to accelerate the development of advanced materials and their use in transportation equipment. ActivitiesThe Forum is establishing a Mining and Metals Civil Society Working Group to host public-private cross-industry dialogue that addresses the issues affecting both the mining and metals industry and the broader sustainable development agenda. The new Mining and Metals Industry Transformation Working Group aims to deepen collaboration with the industries that require commodities related to the low-carbon economy, for example, the automotive (electric vehicles) and technology industries. The group will include strategy officers and next-generation leaders from the mining and metals industry and peers from other industries. It will be supported by the Columbia Center on Sustainable Investment.