With metals and mining companies increasingly investing in technology that will help reduce their carbon footprints, owing to the global drive to lower carbon emissions, meaningful efforts to improve environmental standards in the extractive industries require significant upfront costs, according to Fitch Group-affiliated BMI Research. In its latest industry trend analysis on corporate strategies for a low-carbon economy, the market analyst noted that long-term cost savings will, however, benefit companies that are ahead of the curve when it comes to prioritising green strategies.
