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:
· 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.
· 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.
· 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.
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