Sustainability vs. Extractive Industries - Can They Co-Exist? This Company Thinks So

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

The company states that it was founded with a passion for sustainability and the tenacity to fight centuries-old sentiment that mining companies are terrible for the environment, cause unnecessary pollution, and are only out to take profits from the communities they pillaged.

By developing a 100% electric mine, a world-first for open-pit mining, using renewable hydroelectricity, the company projects an 85% reduction in greenhouse gas (GHG) emissions.

A Sustainable Energy Revolution Might Require Mining Raw Materials

But, everything comes with a price, and most companies are asking themselves, “How can we reconcile society with the industry and educate consumers on the value chain of their purchases?”

Nouveau Monde says it plans to keep that price from factoring into our health, the environment, and the air we breathe. EVs and cleantech demand raw materials, and outsourcing these problems to other parts of the world is not solving the problem.

Much of the world is hesitant to embrace the potential of greener mining techniques. With some predicting global warming on the rise and the carbon footprint growing daily, there is still an understandable resistance to anything that requires disrupting local environments and leaving communities susceptible to unnecessary pollution with the creation of new mines.

Zero-Harm Stems From Self-Accountability

Nouveau Monde states that it is committed to a zero-harm principle that includes industry-leading ESG standards, carbon neutrality, and traceability in powering the clean energy transition. From mining and advanced manufacturing to electric vehicles and energy storage, it strives to drive greater sustainability along the value chain and give back to the communities that support it. 

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.