The World Gold Council (WGC) is urging bullion miners to implement more consistent, systematic planning and wider collaboration, including closer engagement on risks with local communities, to deal with climate-related challenges.
In its Gold and climate change: Adaptation and resilience report, the gold industry’s leading trade body identifies key physical climate-related vulnerabilities of the sector. It also outlines a range of adaptation strategies to support the industry in managing the associated risks.
The WGC notes that gold mines are often located in remote and diverse geographic locations and can have a strategic and pivotal role in local economies. Many communities may be indirectly dependent on a robust and stable gold mining industry for the provision of key capacities, infrastructure, and growth and development opportunities.
By creating sustainable mining operations in the face of climate hazards, the industry can enable greater resilience at the mine site and beyond, potentially reducing the negative economic and social implications for all stakeholders, the WGC says.
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