On Wednesday, the International Council on Mining and Metals (ICMM) announced its decision to abstain from engagement in exploration-related activities within world heritage sites. Instead, the focus will be directed towards ensuring the absence of any net loss of biodiversity at all mining sites.
Amidst the ongoing proceedings at the World Economic Forum in Davos, prominent mining entities such as Freeport-McMoRan, Teck, and Newmont made a collective commitment to promptly undertake measures supporting a “nature-positive future” by the year 2030.
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Members of ICMM, accounting for approximately 30% of the global metals market, emphasized that meeting the demand for critical materials crucial for sustainable development should not occur at the detriment of nature.
Furthermore, they pledged to implement actions throughout their value chains, landscapes, and broader operational systems to ensure that the cumulative impact of their endeavors actively contributes to fostering a future that is positive for nature. Rohitesh Dhawan, CEO of ICMM, stated, “In addition, we have committed to take steps in our value chains, landscapes, and the wider systems in which we operate so that the total impact of our actions contribute to a nature positive future.”