Deal activity by volume related to ESG increased by 208% year-on-year in 2022 in the mining industry
Credit: Bert van Dijk/Getty images.
Analysis of the key themes driving deal activity reveals that environmental, social and governance (ESG) affairs accounted for 661 mining deals between 2018 and 2022, worth a total value of $57.3bn according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships.
The $1.1bn asset transaction by Metals Acquisition was the largest disclosed deal in 2022, while the $2bn 100% acquisition of Vale was the largest disclosed deal in 2021. In volume terms, ESG related deal activity increased by 208% year-on-year in 2022 and decreased by 82% in 2021.
Deal activity related to ESG in the global mining industry in the last five years
Top deals related to ESG in the mining industry in the last five years
Deal volume by deal type for ESG related deals in the mining industry in the last five years
Equity offerings accounted for the highest number of deals in the last five years, with 297 deals, followed by acquisitions (155 deals) and asset transactions (125 deals).
Top financial advisors for ESG related deals by value in the mining industry in the last five years
The top financial advisors supporting deals related to ESG in the mining industry in the last five years in terms of value were BMO Capital Markets, Citigroup, TD Securities, BofA Merrill Lynch Asset and Fort Capital Securities.
Top legal advisors for ESG related deals by value in the mining industry in the last five years
The top legal advisors supporting deals related to ESG in the mining industry in the last five years in terms of value were White & Case, Cassels Brock & Blackwell, Dorsey & Whitney, King & Wood Mallesons and Cleary Gottlieb Steen & Hamilton.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals.