ESG and sustainability criteria. Challenges and opportunities for mining in Cuba
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Abstract
The mining industry, despite its economic importance, faces increasing pressures to minimize its environmental and social impact. In this context, ESG (Environmental, Social and Governance) criteria have become a crucial reference framework to promote the sustainability of the sector. Cuba, with a developing mining industry and a strong commitment to sustainability, has growing government interest in sustainable mining and potential to attract responsible foreign investment with opportunities for technological innovation to improve efficiency with reduced environmental impact. The challenges and opportunities that the incorporation or not of ESG criteria in their operations and business strategies mean for mining companies in Cuba and how the Cuban economic model and its regulatory framework influence their adoption are examined. Carrying out this work contributes to a better understanding of the challenges and opportunities for the implementation of ESG criteria in Cuban mining and to the identification of best practices and recommendations to strengthen the sustainability of the Cuban mining sector, concluding that, although Cuban mining faces significant challenges in ESG terms, there are also important opportunities to move towards a more sustainable model.
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