Report finds ESG data disclosers fare better than non-sharing, opaque peers

Amid persistent opacity in the extractive sector, Swiss research organisations the Responsible Mining Foundation (RMF) and the World Resources Forum (WRF) have debunked the commonly believed myth that public disclosure harms competitiveness and that financial data needs to be kept confidential.

In its latest ‘Extractive Commodity Trading Report’, the RMF and the WRF find that some companies started sharing more information on their yearly turnover, taxes paid and purchases from governments, for example, on a voluntary basis in 2022, compared with 2021; however, most companies still choose not to share this information.