Mining sector needs greater transparency and accountability

More must be done to improve the social and environmental performance, transparency and reputation of UK-registered mining companies.

This was the verdict of a UK parliamentary committee on the future of the mining and extractive industry. Echoing calls to toughen regulation, it recommends that the Financial Conduct Authority’s  remit be expanded to screen companies wanting to list on the London Stock Exchange on their social and environmental standards.

To encourage companies to act responsibly, the Committee calls on the Government to enable investors to look into and rank mining companies according to factors such as governance ethics, community relations, and the management of climate change.