Metals & Mining News

Centamin releases 2020 Sustainability Report


Published by

Global Mining Review,

Centamin has announced the publication of its sustainability report for the 12 months ended 31 December 2020. The report sets out how the company manage and integrate sustainability across its business and performance at Group and operational level.

This is Centamin’s fourth annual sustainability report produced in accordance with the GRI Sustainability Reporting Standards (GRI) ‘Core option’, the GRI Mining and Metals Sector Supplement, and its first report to address, in part, the requirements of the Sustainability Accounting Standards Board (SASB) for the metals and mining industry.

Martin Horgan, CEO, commented: “In 2020 we reinforced our efforts to put sustainability at the centre of our business strategy. Centamin recognises the business and societal importance in building a responsible culture that values and supports people, creating opportunities through jobs, infrastructure, education, as well as developing our assets and delivering strong shareholder returns.

“I believe that the work completed over the last 12 months has underpinned our robust approach to sustainability and will support our long-term vision as a responsible miner creating tangible value for all our stakeholders. We have started this year a stronger, more resilient company, motivated and excited to deliver on our ambitious 2021 targets.”

Sustainability highlights

  • No material disruptions due to the COVID-19 pandemic. The company responded quickly to safeguard the workforce, local communities and secure the operations.
  • Established the Board-level Sustainability Committee and appointed a Group environmental, social, and governance (ESG) Manager. For 2021, executive remuneration has been expanded to include more sustainability linked performance metrics.
  • Continued reinforcement of health and safety practices towards achieving the goal of zero harm, including the introduction of Critical Risk Standards.
  • Implemented its professional development framework for all employees, instilling a shared understanding of the critical behaviours required for successful performance at Centamin.
  • Strong levels of local content with 95% of the workforce employed locally; 67% of Sukari senior and middle management are held by Egyptian nationals; and 61% of the total Sukari procurement spend is with Egyptian national suppliers.
  • Reinforcement of performance standards within the supply chain relating to legal compliance, anticorruption, human rights, health, safety, environment, and social responsibility.
  • Sustained zero reportable environmental and community incidents across the Group and no issues of regulatory non-compliance reported.
  • Commenced construction of the Sukari 36 MW hybrid solar project. In 2021, the company will release its first annual report aligned to the task force on climate-related disclosures (TCFD).
  • Constructed and commissioned a second tailings storage facility at Sukari in line with international tailings standards of good practice. Commenced a review of operations in line with the Global Industry Standard on Tailings Management (GISTM) and targeting compliance by 2023.

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