Complying with environmental, social and governance standards could mean significant savings when it comes to financing projects related to lithium, a key component of electric car batteries.
That’s because companies adhering to those measures can attract commercial banks looking to provide funding for ESG-aligned projects instead of relying on private lenders or specialty credit mining funds, said Ana Cabral-Gardner, chief strategy officer at Sigma Lithium Resources, a Canada-listed mineral exploration firm that has operations in Brazil.