Eighty-two investors with over $11trn (€10trn) in assets under management and advisement, including some of the world’s leading asset owners and fund managers, have pledged their support for the Global Investor Commission on Mining 2030.

The collaborative investor-led initiative has also announced the members of the Commission, which includes representatives from across the global mining sector.

Among the 82 investors that are backing the initiative are APG in the Netherlands, USS in the UK, US fund CalSTRS and Canadian pension fund CDPQ.

Asset managers signed up to the initiative include Aviva, Legal & General Investment Management and Ninety One.

The initiative was launched in January this year, and builds on the experience of the investor-led response to the 2019 Brumadinho tailing dam disaster, which contributed to the creation of a global industry standard on tailings management.

The Mining 2030 Commission’s goal is to define a vision for a socially and environmentally responsible mining sector and to develop a consensus about the role of finance in realising the vision.

“The Mining 2030 Commission presents a unique opportunity to step back and consider how investors value, steward and invest for the long-term in a sector whose time horizons are multi-decadal and often at odds with short term investment pressure,” said Adam Matthews, chair of the Mining 2030 Commission and chief responsible investment officer of the Church of England Pensions Board.

“Twinned with this will be a consideration of the role of investors in supporting the alignment and consolidation of best practice standards on the key issues that challenge the sector as well as the role of addressing existing and future conflict that can be caused or exacerbated by extraction.”

Members of the Mining 2030 Commission are to meet monthly, with the 25 Commissioners representing a broad cross-section of geographies and mining stakeholder groups.

Investor representatives include Matthews and Ashley Hamilton Claxton of Royal London Asset Management. John Howchin, formerly of the Swedish AP Funds’ Council of Ethics and ambassador for the Global Tailings Management Institute, is also a commissioner.

The Commission has issued an invitation to stakeholders from across the mining sector to contribute evidence to a landscape research project, seeking to understand future supply and demand and key challenges that could prevent demand from being met. The deadline for submissions is 20 December.

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