Foreward

Decarbonization is key to operational excellence for metals and mining companies. KPMG’s 2024 Global Metals and Mining Outlook underscores the necessity of investing in decarbonization — not just for environmental benefits, but for transformative operational gains. This shift promises enhanced resilience, agility and a sustainable economy.

The 2024 report draws from the insights of over 450 C-level executives and interviews with leading industry thinkers, revealing that effective decarbonization can revolutionize business efficiency and profitability. Yet, despite some progress, the industry’s greenhouse gas emissions remain stubbornly high, demanding urgent action.

As highlighted at the COP28 UN Climate Conference, slow progress in climate action threatens global targets.1 Metals and mining companies must fast-track the development of low-carbon processes, despite growing supply chain challenges.

This report equips executives and stakeholders with crucial industry insights and best practices to navigate these challenges. With decarbonization goals driving operational and technological transformation, the time to act is now. Investing in decarbonization isn’t just about sustainability — it’s the pathway to unparalleled operational transformation