Thinking green? Buy miners, BlackRock suggests to investors
Miners and metals companies with a strong sustainability project (and no doubt Chief Sustainability Officer) will fetch a premium.
āPeople pay premiums for companies that are lower carbon producers,ā Olivia Markham, who manages BlackRockās mining investments, said this week ā as major institutional investors continue to point to a āgreen premiumā or additional value for companies achieved by reducing their carbon footprint meaningfully.
That shift hints anew at the potential ROI for organisations of investing in and empowering a strong Chief Sustainability Officer with a mandate to help develop āsustainable competitive advantageā as well as meet regulatory responsibilities.
