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.
The Mining and Metals Governors comprise chief executives and chairs from partner organizations. Together, they defined three priorities for the industry:
1. Industry transformation
By 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 Platform Initiatives, projects and activities.
2. Cross-industry partnerships
The 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 positioning
The 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.
Platform Initiatives provide means to advance issues that require cross-industry collaboration.
- The Platform on Shaping the Future of Advanced Manufacturing and Production aims to drive the application of new technologies to help build innovative and sustainable production systems that benefit everyone.
- The Platform on Shaping the Future of Global Public Goods aims to find new ways to protect and value the global environmental commons.
- The Platform on Shaping the Future of Energy and materials 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 Platform on Shaping the Future of the New Economy and Society 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 Platform on Shaping the Future of Investing 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 Platform on Shaping the Future of Trade and Global Economic aims to inform business and policy debate on critical international trade and investment issues and drive practical steps to unlock their full potential.
Projects & Activities
- The 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.
Mission Possible: Reaching net-zero carbon emissions from heavy industry and heavy-duty transport sectors is technically and financially possible by mid-century. Mission Possible explores possible routes to fully decarbonize cement, steel, aluminium, plastics, trucking, shipping and aviation – which together represent 30% of energy emissions today and could increase to 60% by mid-century as other sectors lower their emissions.
- The Preparing for the Future of Work Project seeks to bring clarity to an often polarized and ill-informed debate on the future of work through the dissemination of accessible, balanced and sector-specific knowledge as well as the development of actionable insights to help business and governments manage these dramatic shifts.
- The Manufacturing Lighthouses programme identifies production sites which are world leaders in the successful adoption and integration of the cutting-edge technologies of the Fourth Industrial Revolution. It promotes collaboration, benchmarking and a unique learning journey that will benefit all actors from the production environment.
- The Mining and Metals Blockchain Consortium is an industry-led research and development of blockchain solutions to catalyse and accelerate responsible sourcing, innovation and enhanced brand image. This project emerged following a desire from the Mining and Metals Community to collaborate around blockchain technology to address responsible sourcing related pressures.
Contact: Jörgen Sandström Head of Mining and Metals Industry Email: Jorgen.Sandstrom@weforum.org