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Comprehensive Supply Chain Solutions

know it is low carbon ment. Deloitte reported that “as the transition
and we see that com- “In this new world, to understand car- to a low carbon future accelerates, finan-
ing through in the form bon flow you really need to have a deep ciers are moving away from 20th century
of VW, Tesla and OEMs understanding of your partners to a level business models, technologies and infra-
flowing through,” Hen- that we have never had to do before. structure towards increased investment
derson said. That is happening up and down the sup- in clean energy, transport, and smart in-
“We actually deal ply chain, it is a whole new relationship frastructure – [and] the commodities that
with that pressure, and we are getting into that mode pretty will underpin them”.
but frankly it is a great quickly,” Henderson said. This was an opportunity for industry to
space to be involved in How the mining industry transitions to capitalise on, according to Wood.
and we should do eve- a low-carbon future is just one of the big “When you see institutional lenders us-
rything we can to em- questions individual companies need to ing concessional loans for example, the
brace it and integrate it answer. Ivory asked how that challenge CEO of BlackRock [Larry Fink] looking at
into our core business. related to myriad other issues faced by investment risk and they are putting sus-
“As a young company industry. tainability at the top; that is sending the
we have to make deci- “I think we have to be careful what is market a signal,” Wood said.
sions on how far we the focus. We are now moving on emis- “Supply chain pressure is incredibly
go, and what type [of sions and targets, the climate change important. Customers are putting pres-
technology is used]. strategy I think they are managing ac- sure on producers, saying that we want
We think long and deep tions that are part of the bigger picture low or zero carbon product through our
about that. As much as and what we are doing in the ESG space supply chain. There are opportunities
we want to go solar to- already,” McDonald said. then for the sector, a whole range of op-
morrow, it costs a lot, “I am a firm believer in corporate portunities.”
so it is about balance.” governance being the foundation of a – Mark Andrews
Pilbara’s commitment company and a diverse board – skills,
to a low-carbon foot- experience, age, gender, culture – is re-
print at Pilgangoora is ally important. Without a diverse board I
through increasing the think you are really going to struggle to Northern Star non-executive director Mary
2MW solar power pen- implement an ambitious climate change Hackett, Pilbara Minerals chief operating
etration at site to 5MW, strategy. Then there is the social side, officer Dale Henderson, IGO head of
which it is busy install- companies that transition to a low car- corporate affairs and company secretary
ing now, as it gets a bon future are going to change the way Joanne McDonald and Deloitte director of
handle on understand- we work and that is going to impact our sustainability and climate change services
ing supply chain dy- future employees and our current em- Michael Wood addressed the topic of
namics and integration ployees; this in turn is going to have an transitioning to a low carbon mining future.
in the current environ- impact on society.” West Australian mining leader for Deloitte,
Nicki Ivory, moderated the discussion

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