Evy Hambro gets straight to the point with Jamie Strauss in his keynote conversation at Mines & Money London.
Thanks to a currently buoyant market, “mining companies are in an incredibly strong position to be able to think about the future”, comments Evy Hambro, Global Head of Thematic & Sector Based Investing at Blackrock. He goes further to outline that management teams embedding an ESG-first culture across their businesses have a really exciting future in this space.
“Producing copper, nickel and other commodities is going to be absolutely integral to the global carbon transition over the next 20 to 30 years”, Evy continues. For companies extracting commodities that don’t play a role in the transition, it will become much harder to justify why you’re having to do the digging and disturbance in the first place. There’s a need for these companies to describe their relevance in the future.
Jamie Strauss adds: “Under the new world order of stewardship and stakeholder engagement, the process for mining projects to get approval for investment must have ESG principles at their core. Are you seeing this in practice?”
Evy responds: “It’s essential for all mining companies to take ESG unbelievably seriously.”
“Sadly, the resources sector is caught up with specific events that tarnish the industry as a whole. The cultural impact of this has forced mining company management teams to nearly always be on the backfoot. We really look forward to the day when companies feel bold enough to describe the positive things that come from resource development.”
Evy Hambro has been clear about the importance of ESG and the net zero transition to investors on multiple occasions and is also vocal in his support for Digbee.
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