Investors push to create international body for mining sector

Investors push to create international body for mining sector

A group of investors with $18 trillion under management is pushing to create a new international body to oversee the critical-mineral mining sector. Many pension funds and other large institutional investors tend to avoid holding shares of mining companies out of concern for ESG risks, Adam Matthews, chief responsible investment officer for the Church of England Pensions Board, told Semafor. That needs to change, he said, because mining is an es…

Investors propose international agency to monitor mining

A COALITION of investors managing $18 trillion in assets has called for the establishment of an independent International Minerals Agency modelled on the International Energy Agency, said Reuters on Tuesday. The Global Investor Commission on Mining 2030, whose members include PIMCO, ING, L&G, Allianz Investment Management, Church of England Pension Fund and Royal London Asset Management, said the proposed body would monitor global mineral supply…