Sustainability

Each year we analyse the sustainability issues that matter most to our stakeholders and our business to inform our strategy and priorities for the year ahead.

We define an issue as being material if it is considered important by our stakeholders, could have a significant strategic or financial impact on the business or where the activities of Centamin are connected with a potential impact. Material issues are identified through the review of principal risks, regulatory compliance, conformance with good practice industry standards, and stakeholder expectations.

We are committed to meeting international standards of good practice in the areas of governance, health and safety, social development, human rights and environmental protection.

Our Sustainability Performance Framework provides a systematic approach to how the Company operates with respect to these key areas and recognises the need to adopt and apply standards and processes that transcend the mine lifecycle and issues arising from our presence in diverse socio-economic and biophysical settings. The Sustainability Performance Framework consists of three key components: business policies; operational performance standards; and management assurance.

Our policies articulate clear business principles and commitments, align with our Values and international good practice, in particular the Responsible Gold Mining Principles (“RGMPs”) of the World Gold Council. The Group policies are made available to all workers and contractors at asset-level through workplace inductions, notice boards and terms of contract.

We maintain a register of sustainability objectives, performance metrics and targets at Group and asset-level that are aligned to our policies. We routinely monitor our performance against this framework and publish data to the ESG Dashboard.

We continue to enhance our external assurance applicable to our sustainability performance. In 2023 this external assurance included: occupational health and safety management systems; tailings management; GHG accounting and TCFD reporting compliance; gender diversity; employee training; and supply chain due diligence.

We strive to integrate sustainability into our business model and across all levels of the organisation, from the boardroom to operational practices, and throughout the mine lifecycle, from opportunity identification to closure.

Our commitment to responsible business principles is fundamental to our success and ability to be a trusted partner to our stakeholders. Our approach to corporate governance enables robust oversight and management accountability for all aspects of the business including sustainability. Everyone who works for or on behalf of Centamin is held to high standards that are expected to be consistently met.

Effective corporate and sustainability governance begins with a strong board of directors. Ultimate accountability for the Company’s sustainability performance resides with the Board. The Board oversees implementation of adherence to and performance against the Company’s policies and governance framework. The Board also plays a critical role in assessing major risks and opportunities, ensuring high standards of ethical business conduct and approving and providing oversight of the Sustainability Performance Framework.

The Sustainability Committee oversees the development and implementation of the Company’s sustainability goals, policies and standards on matters of workplace health and safety; environmental; social governance and risk; climate change; tailings management; human rights and workforce engagement. The committee serves as Board advisory on matters including good industry practice, sustainability performance, compliance and licence to operate risk.

The CEO has overall responsibility for Centamin’s sustainability performance. Reporting to the CEO is the Head of Environmental and Social Governance, who leads Centamin’s sustainability team and has primary responsibility for the daily implementation of the Sustainability Performance Framework. The sustainability team provides guidance to asset-level managers in operationalising the Framework and its integration into asset-level management systems and practice. Our asset-level managers are supported in this responsibility by dedicated in-country health, safety, environmental and social (“HSES”) specialists familiar with the local regulatory context, values and cultural sensitivities.