A myriad of geopolitical tensions and economic shifts are now shaping the global ESG landscape. Most notably, the sourcing of critical raw materials related to renewables has become a contentious challenge, with dominant global players – such as the EU, the US and China – all developing strategies to identify vulnerabilities and improve resilience of critical raw materials’ supply chains.
Currently, the most accessible rare earth metals are in geopolitical choke points with China producing 70% of the world’s rare earths in 2022.
