Our ESG Journey
At Consolidated Copper Corp (CCC), we are committed to embedding the right principles, policies, and actions related to ESG and sustainability as our company matures. From the conception of our business, our leadership team has focused on implementing best practices in environmentally conscious mining.
While we are still early on this journey, we are progressively implementing the processes and procedures that will ensure our commitment to clean, sustainably sourced, and responsibly produced copper remains at the heart of our business as we scale.
Our Phased Approach
Identifying Material ESG Factors
Our phased approach to sustainability begins with identifying the key environmental, social, and governance factors that are material to our operations. This involves:
- Stakeholder engagement: Collaborating with stakeholders, including local communities, employees, and financial partners, to understand their concerns and priorities.
- Baseline assessments: Conducting thorough assessments of our operations to establish baseline data on environmental impact, social contributions, and governance practices.
- Materiality analysis: Using the insights gained to prioritise the ESG factors that are most relevant to our business and stakeholders.
Data Collection and Disclosure Mechanisms
We know that implementing robust data collection mechanisms are essential to accurately measure our sustainability impact and ESG risk. We will focus on making our disclosures:
Accessible: Ensuring our disclosures are simple to access, and available in a format that is easily interpretable for interested stakeholders. We won’t bury our data in a 300-page PDF.
Comparable: Adhering to reporting standards that make our disclosures easily integrated into aggregate views and looked at alongside other companies. We will explore standards including IFRS Sustainability Standards and GRI’s mining industry standard.
Useful: We understand the value of reporting frameworks that can serve as an efficient shorthand for stakeholders. We will assess the most relevant and practical, exploring frameworks such as IFC’s Performance Standards on Environmental and Social Sustainability.
Goal Setting
Using the collected data, we will set realistic and impactful sustainability goals. Our goals will be realistic but ambitious, aligned with international standards and best practices. The scope of these will be determined as we finalise the operational realities of our four assets, but may focus on:
Climate goals: Investing in green energy solutions at our mines and logistics operations to lower our emissions intensity.
Social goals: Providing jobs for local people, ensuring equal opportunity and career development, and supporting community development programs.
Governance goals: Enhancing transparency and accountability through regular reporting and adherence to global ESG frameworks.
Transparency Reporting
Transparency is a cornerstone of our ESG strategy. We commit to regularly disclosing our sustainability data and progress towards our goals. Our timeline includes:
- Publishing our sustainability strategy and goals: By mid-2025, including timebound KPIs, and a climate transition plan aligned with science-based targets.
- Publishing our first sustainability report and ESG data disclosures: By the end of 2025.
Ongoing Impactful Activities
CCC is already engaging in impactful activities across the areas of Workforce, Community, and Environment:
- Workforce: We focus on providing jobs for local people, ensuring equal opportunities, and fostering career development. Our programs aim to bring local talent into senior roles, supporting sustainable economic growth in the regions where we operate.
- Community: We invest in sustainable economic and social development in local communities and across Namibia. Our initiatives include educational programs, healthcare support, and infrastructure development. We partner with local groups to ensure our efforts meet community needs and foster constructive dialogue.
- Environment: We are committed to reducing our environmental impact through responsible mining practices. This includes responsible tailings management, minimising biodiversity loss, and investing in renewable energy to reduce our carbon footprint.
