Environment, Social and Governance (ESG) performance, and associated risk management have always been core to the mining services and extractive industries, and in many respects, these industries have been at the forefront of the corporate ESG agenda.
We understand that to be considered as one of the great Australian companies, we have a duty to operate responsibly and minimise the impact of our operations on the environment and communities.
On 19 October 2018, we released our first standalone ESG report.
This report presents a summary of our key ESG issues.
We understand that our stakeholders, in particular, our investors, are interested in the extent to which a company is openly aware of its major ESG risks and the extent to which it can adequately describe the mechanisms to effectively manage and respond to its major and emerging risks and opportunities; including being able to deliver long-term value.
Our focus on adding long-term value to the Australian mining industry is demonstrated by our investments in commodities with growing importance and demand such as lithium, as well as the development of downstream processing within Australia, to ensure the domestic retention of more of the wealth derived from Australia’s resources.
Even though our investment decisions are still subject to a number of regulatory approvals, we believe that the development of downstream processing will position Australia, and Western Australia in particular, to be a key player in the broader segment of the global energy storage value chain; supporting a greater diversity of employment opportunities and providing environmental benefits by lowering carbon emissions, while doing so.
This demonstrates the strategic nexus between our industry and ESG performance generally and underscores our interest in this important area of performance and disclosure.
Read the full report here.