我要吃瓜

Citation

Deberdt R, DiCarlo J & Park H (2024) Standardizing "green" extractivism: Chinese & Western environmental, social, and governance instruments in the critical mineral sector. The Extractive Industries and Society, 19, Art. No.: 101516. https://doi.org/10.1016/j.exis.2024.101516

Abstract
As societies attempt to transition to low-carbon energy and reduce fossil fuel dependencies, mineral extractivism is reaching new heights globally. This trend is accompanied by a surge of Environmental, Social, Governance (ESG) standards used to justify a perceived just transition. Through an analysis of 13 widely used international instruments and the ways mining companies adopt them, this article develops a comparative examination of Western and Chinese ESG practices, with a focus on guidelines and standards aimed at mitigating the socio-environmental impacts of extractivism. Despite conventional portrayals of Western and Chinese governance standards as disparate or in competition, we find their standards evolve in tandem and conversation in the context of the rush for critical minerals, underscoring the need to move beyond a Western-Chinese binary. This research also challenges the notion of China attempting to set global standards. Chinese companies increasingly embrace ESG principles due to reputational risks, national standardization efforts, and international partnerships. They, however, focus more on downstream stakeholders, while Western counterparts lean towards upstream considerations. Notably, guidelines are employed similarly by Western and Chinese companies, albeit influenced by geographical, material, and political considerations. We conclude with future directions for critical and social science research on climate-related extraction.

Keywords
Critical minerals; ESG standards; Mining firms; China; United States; Europe

Journal
The Extractive Industries and Society: Volume 19