ESG - Environmental, Social & Governance

Setting the New Environmental Standard in Gold Mining...

What is ESG?

Environmental, Social, and Governance (ESG) refers to the key non-financial domains of corporate performance related to: (E) environmental stewardship and sustainability, (S) relationships with employees, suppliers, customers, and the communities where a company operates, and (G) values-based management around company leadership, internal controls, auditing and reporting, and shareholder rights. Fundamentally, using ESG to assess corporate performance is founded on the recognition that businesses have a social responsibility to influence positive social change, and that environmental, social, and corporate governance are a fundamental part of a business’s bottom line.

The increasing consideration of ESG criteria in assessing corporate performance and allocating investment capital is a transformational trend – The World Economic Forum and KPMG report that Sustainable and Responsible investments have grown from USD $640 billion in 1995 to USD $30 trillion in 2019. This trend looks set to continue through increased awareness about ESG and a general trend within younger investors to seek socially and environmentally responsible investments.

Why is ESG Critical for the Future of Metals & Mining?

The ongoing transition to a sustainable, low carbon economy demands increasing amounts of metals and minerals. Metals and minerals are natural resources that are vital to an evolving world and its requirement for modern technology, infrastructure, and low carbon options. Applications for metals and minerals are diverse and ubiquitous in the modern global economy and are founded in the need to generate and store renewable energy. Metals are required for the production, conduction, distribution, and storage of electricity as well as being critical components for batteries, electric vehicles, data transmission systems, mobile devices, circuitry, advanced medical devices, and aerospace. Additionally, gold remains a wealth store with an estimated 95% of gold being used in this way.

Metals and minerals have served important cultural and economic functions for thousands of years. However, structural factors and demographic trends including continuous population growth, the acceleration of technological development, and rapidly rising incomes and standards of living in emerging markets are increasing the demand for these finite and unequally distributed resources.

Concerns over the environmental effects of the carbon-based economy are driving the adoption of renewable energy resources and the accelerating adoption of electric vehicles. According to Deloitte, global electric vehicles are expected to grow at a compound annual rate of 29% over the next decade. With this growth comes an accelerating demand for metals across the entire electrical value chain.

The importance of securing stable access to precious, critical, and strategic metals is receiving strong, bipartisan support in the United States. Both the Trump and Biden administrations issued Executive Orders intended to direct national policy efforts to secure access to 35 “critical” metals and minerals including cobalt, lithium, titanium, and platinum group metals.

The convergence of the rapid transition to a low carbon economy with its huge appetite for metals and society’s requirement for improved ESG performance place the metals supply business at the center of the ESG lens. Supplying the precious, critical, and strategic metals that are vital in the shift to a more sustainable, more technologically advanced global community will require the development of new, agile business models featuring improved technical capabilities, reduced CAPEX/OPEX, and shorter development lead times. These business model changes will be coupled with an increased focus on the mining companies decades long ongoing work to earn and maintain social license to operate through the consistent demonstration of environmental stewardship, positive social impact, and efficient and equitable use of natural resources.

Sustainability

Sustainability is a key priority to all stakeholders, whether they are local communities, local and national governments, our shareholders, or our employees. Our vision is to deliver sustainable value for all stakeholders through responsible mining. People and the environment are our most important resources, and we are committed to safeguarding them both now and for the future. We recognize the catalyst role our operations can play in local communities and commit to leaving a positive legacy. We do this by implementing the highest standards of sustainability, as well as the necessary plans, procedures, metrics, and targets to meet our commitments every single day.

The utilization of modular and reusable process equipment coupled with our use of reusable chemistry and recycled water are the key elements of our sustainable practises. Innovation Mining is committed to addressing and adhering to the United Nations Sustainable Development Goals.

Values

Living Our Values

The values highlighted below contribute to the shaping of Innovation Mining's culture, and support our strategy and our vision. Our Purpose: To create value and leave a legacy through responsible and sustainable operations.

People & Culture - We value our people and invest in their growth and development. We are tenacious, working with a sense of urgency to achieve exceptional outcomes.
Sustainability - We care for the environment and communities we operate in and take personal responsibility for creating and maintaining a sustainable business.
Health, Safety & Risk - We protect and care for the people, communities, and environments in which we do business. We actively manage risk at all levels of the business.
Business Excellence - We are a high-performing organization and are always looking for ways to optimize our assets and business opportunities.
Innovation - We are committed to innovation at all levels of the business and are industry leaders for project delivery and environmentally sound solutions.
Growth - We take a disciplined approach to achieving meaningful and sustainable growth. We employ a robust framework for evaluating, managing, and implementing value-creating growth opportunities.