20974 29Metals AR23 WEB V1 - Flipbook - Page 37
2023 key
results
Chair letter and
CEO report
About
29Metals
Our
assets
Sustainability
& ESG Report
Mineral Resources
and Ore Reserves
Annual
Financial Report
33
Performance and priorities
Setting and reporting performance
against our Sustainability & ESG
priorities remains a key component of
Our Approach to Sustainability & ESG.
Overall, 29Metals made progress against the majority of the
2023 Sustainability & ESG priori琀椀es. However, the impact of
the Extreme Weather Event at Capricorn Copper10, along with
formula琀椀ng and successfully implemen琀椀ng the Capricorn Copper
Recovery Plan as a business-cri琀椀cal ac琀椀vity, impacted tangible
progress on a number of the 2023 Sustainability & ESG priori琀椀es.
While most have been progressed, some remained incomplete
at year-end. Details on the extent of progress achieved on 2023
priori琀椀es is set out in the sec琀椀on of this report dealing with each
of the core dimensions in Our Approach to Sustainability & ESG.
For the purposes of se琀�ng Sustainability & ESG priori琀椀es
for 2024, we reviewed our performance against the 2023
priori琀椀es to iden琀椀fy areas for improvement in 2024, and to
inform our approach to se琀�ng priori琀椀es for 2024 and beyond.
The review con琀椀nued to consider feedback from internal and
external stakeholders received during 2022 and 2023, as well
as 2022 materiality assessment inputs from stakeholders.
Key learnings from performance against the 2023 priori琀椀es
included the:
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importance of resilience and adaptability in the face of
business-cri琀椀cal challenges;
“ge琀�ng back to basics” through the strengthening of
management systems and collec琀椀on of quality data to be琀琀er
inform decision making;
value of promo琀椀ng mental health support and training for all
sta昀昀 and contractors, par琀椀cularly those in leadership posi琀椀ons;
bene昀椀t of focusing on, and formalising engagement with,
the local community and supply chain to solidify the Group’s
social licence to operate; and
value in giving sta昀昀 a pla琀昀orm to suggest and implement
con琀椀nuous improvement ideas through the establishment of
the Performance Improvement Program (‘PIP’).
To support improved delivery in 2024, the Group’s senior
leadership are collabora琀椀ng with func琀椀onal teams, both at head
o昀케ce and on-site, to incorporate ac琀椀ons for implemen琀椀ng
the proposed priori琀椀es into departmental “plans on a page”
which will be tracked and reported against internally.
A summary of 29Metals’ 2024 Sustainability & ESG priori琀椀es
is set out below.
Sustainability & ESG priorities in 2024
Responsible
environmental
stewardship
Safe and inclusive
workplace
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Con琀椀nued focus on elimina琀椀ng
serious injuries and incidents
and reducing incidence of
minor injuries
Con琀椀nue mental health
awareness training
Improve representa琀椀on of
gender, ethnicity, culture in
leadership roles
Iden琀椀fy barriers to inclusion
and diversity in 29Metals’
workplaces
Improve female par琀椀cipa琀椀on as
a propor琀椀on of total 29Metals’
workforce
Improve cultural competency
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Reduce water inventory at
Capricorn Copper
Implement the 29Metals
roadmap for aligning with the
TCFD recommenda琀椀ons
Implement long-term tailings
strategies at both opera琀椀ng sites,
including implementa琀椀on of
recommenda琀椀ons for enhancing
tailings management prac琀椀ces
aligned to the Interna琀椀onal
Council on Mining and Metals
(‘ICMM’) Global Industry Standard
for Tailings Management (‘GISTM’)
Con琀椀nued focus on progressive
rehabilita琀椀on and closure planning
Responsible and
ethical business practices
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Partnering
with stakeholders
Con琀椀nuing engagement with our workforce,
highligh琀椀ng workplace behaviour
Fostering an environment where workplace par琀椀cipants
have the con昀椀dence to raise concerns
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Design and implement an
agreed community engagement
program at each opera琀椀ng site
Con琀椀nue to iden琀椀fy
opportuni琀椀es to collaborate
with subject ma琀琀er
experts, Original Equipment
Manufacturers (‘OEMs’) and
peers to improve Sustainability
& ESG outcomes
Con琀椀nue stakeholder and
community engagement
regarding priori琀椀es for
Sustainability & ESG ac琀椀vi琀椀es
Continuous improvement
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Con琀椀nuing improvement in data management and use
to inform business decisions
Refresh management systems and processes to
promote compliance and con琀椀nuous improvement
10. Refer to: “Impact of Extreme Rainfall on Capricorn Copper Opera琀椀ons” released to the ASX announcements pla琀昀orm on 9 March 2023; “Capricorn Copper Opera琀椀ons
Update” released to the ASX announcements pla琀昀orm on 15 March 2023; and “Strategic Update” released to the ASX announcements pla琀昀orm on 23 May 2023.
