As awareness of environmental sustainability increases in the corporate world, investors are turning to companies that prioritize ESG factors. ESG or Environmental, Social and Governance factors are fast becoming recognized as critical factors in assessing the sustainability of companies, and this is particularly true of the mining industry.
Led by prominent investor Seth Forman, Millennial ImpactInvestors (MII) is driving the process by providing a first-of-its-kind online platform for mining-sector ESG data. The platform is designed to provide critical ESG information and investment insights to potential investors in the mining industry.
According to Forman, corporate ESG behavior has always been a critical evaluation factor, especially among companies focused in the mining industry. Analyses typically focused on operational metrics such as safety, environmental compliance, emissions, energy efficiency, water consumption, and disclosure of impact on local communities.
In an interview with Godzillanews, Forman explains that investors have become increasingly conscious of ESG issues and are seeking data needed to make informed decisions. Investors want to be sure they are investing in companies that are responsible in their operations. They want to know if the company is addressing the social and environmental accountability associated with extractive operations.
“Through our platform, an investor can drill down to metrics that can be used to make informed decisions”, says Forman. He emphasizes that the data is gathered from multiple sources, both from inside and outside the Company. They also include information collected from local communities and indigenous groups, which provide valuable insight into their perspectives and concerns.
The platform also provides additional information and actionable data related to impact investing, which will help investors make decisions about which mining companies to invest in. In addition, MII has developed relationships with leading mining companies, organizations and certification bodies to strengthen the platform’s data accuracy and representativeness.
ESG data is becoming increasingly critical for investors looking to make responsible investments. MII’s platform provides mining companies with an opportunity to demonstrate their commitment to sustainable practices and to be better evaluated by potential investors. With the data provided by MII, investors are now better able to assess companies to determine if their ESG policies and processes meet their expectations.
