UK investment bank Peel Hunt and Digbee have entered into a collaborative agreement to offer ESG solutions to Peel Hunt’s mining sector clients.
This collaboration provides Peel Hunt’s clients with a credible solution to disclose their ESG credentials to financial investors and other stakeholders.
The world’s energy transition requires the responsible sourcing of a significant and diverse array of minerals and metals.
Digbee’s ESG disclosure platform encourages responsible extraction on a global scale by providing mining companies with a blueprint for their ESG strategy, against which they are credibly and independently assessed.
The idea of Digbee’s disclosure platform is to increase investor confidence in the mining sector by providing access to better quality data and interpretation thereof.
Peel Hunt is a leading specialist in UK Investment Banking, ranked number one broker for UK mid and small-cap companies and number one for mining in Institutional Investor’s latest Europe Survey.
Peel Hunt has 163 corporate clients (including 33 in the FTSE 250), with an average market capitalisation of approximately £700mln, including 15 mining companies.
Peel Hunt’s award-winning research is distributed to over 1,200 institutions across the UK, Europe and US and its trading platform makes markets in over 10,000 instruments in 38 markets and is an increasingly important provider of trade execution services to the UK retail platforms and brokers.
“London listed mining companies have made great strides in the implementation of ESG initiatives as well as increasing ESG disclosures in recent years,” said Ross Allister, Director Corporate Finance, Peel Hunt Ltd (AIM:PEEL).
“Challenges remain in consistently disclosing key metrics to the market in a manner that enables investors to fully assess, compare and contrast across the sector. Digbee’s innovative platform addresses this requirement and we would encourage all listed companies and our institutional clients to consider adopting this unique tool.”
Digbee’s founder and chief executive Jamie Strauss added: “The importance of mining in the energy transition cannot be overstated. We are delighted to have reached this agreement with Peel Hunt and recognise the shared goal of both parties to ensure the financing of future mining projects recognises the importance of sustainability and a credible means for investors to assess and track it.”