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Polyus’ Sustainability Director discusses importance of collaboration at The Economist Climate Risk Europe Event

15 September 2021
Polyus’ Sustainability Director discusses importance of collaboration at The Economist Climate Risk Europe Event

Polyus’ Sustainability Director Daria Grigoreva recently discussed the importance of collaboration to achieve decarbonization targets set by miners at a panel brainstorm discussion during The Economist’s Annual Climate Risk Week Europe.

She was joined by fellow speakers from Holcim, ETF Partners and Mitsubishi Heavy Industries. The panel was moderated by Alice Hill, David M. Rubenstein senior fellow for energy and the environment, Council on Foreign Relations.

The speakers addressed the following questions during the panel, which looked at building a climate strategy for the hard-to-abate sectors: How are hard-to-abate sectors thinking about decarbonisation? How are they assessing the probabilities of transformational technological change? Where are the opportunities for investors to be part of the solution?

During her presentation, Daria commented that whilst some corporates have publicly declared their intention to become carbon neutral by 2050, the greater challenge lies in the immediate future as many companies are struggling to understand the material impact that their stated goals could have on their valuations, operations, employees and markets in the coming years.

Daria explained that business leaders need to make themselves accountable for progress on decarbonisation strategies in the near, mid and long-term. She also spoke about the crucial role that collaboration plays in achieving ESG goals and paid special attention to the role of the ICMM in this process in the mining space.

Daria commented:

“ICMM is helping push the mining sector in the right direction. Polyus is proud to be driving the ICMM’s communications efforts in Russia as the first company member from Eastern Europe.”

The Economist’s Annual Climate Risk Week Europe aims to assess the best ways of measuring exposure to physical and transition risk and how to improve disclosure and how to mitigate the threats from climate change litigation. Find out more about the event at: