The Increasing Importance of Climate Action in Mineral Resource and Reserve Reporting
The materiality of climate action in mineral resource and reserve reporting will surge in the decade ahead. Climate action is already of high interest to investors. The primary framework for discourse on climate action between companies and their investors is currently the recommendations of the Taskforce for Climate-Related Financial Disclosures (TCFD). Miners need to make disclosures in accordance with these recommendations. Identified risks and strategies, and associated targets and metrics, presented in TCFD disclosures should be assessed as part of the mineral resource and reserve reporting process.
March 16, 2022