Sustainable mining finance must go beyond carbon

By Wiles Kase

December 7, 2023 •

Mining company Hochschild recently secured $200 million worth of sustainability-linked loans (SLLs) from BBVA, with funds earmarked for gold and silver mining operations in Peru and Brazil. Noteworthy is the loan’s focus on sustainability KPIs revolving around water and waste, even in a climate where carbon is at the forefront of environmental concerns. The industry needs more SLLs focused on things other than carbon. 

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