CGI Russia has presented its report on the Climate Agenda of Russian Metals and Mining Companies: Management System, Strategy and Risks. A total of 75 metals and mining companies from 19 countries were surveyed for the report, which drew the following conclusions:
- One third of Russian mining companies cover more than 80% of their energy needs with renewable sources
- Local players are increasingly using natural gas (making up at least 70% of total consumption)
- 50% of Russian mining companies have publicly announced climate strategies
- 70% of Russian mining companies have taken measures to identify climate risks
- Russian companies are increasingly noting plans for Science Based Targets initiative (SBTi) validation in their climate goals, and have become more active in engagement with global climate associations, often putting them ahead of their international peers