Environment, Social and Governance
Mining has a critical role to play in the future of the world’s economy, and we are active investors in this future.
Our purpose is to deliver value to our partners and help the next generation of mining companies do things right the first time – with the best available operational, technical, environmental, social, and governance (ESG) practices in place
- Mining’s role in the global economy is critical, with gold being a hedge against inflation and rising debt, and mined metals being integral to building green infrastructure and a low-carbon future.
- We insist that investee companies commit to the best available operating standards across all areas of their business.
- We recognize that having a social license to operate is critical to the business of mining. The safety and well-being of the people and the communities in which our investee companies operate is the top priority. We work with investee companies to mitigate risks and impacts and require companies to engage their communities to address concerns and support local objectives.
Doing Well by Doing Good
Our ESG Mandate
- We believe that ESG is a critical and essential driver of our success.
- We believe all parties involved or impacted by a mining project must be on the same team.
- We believe that ESG integration optimizes social, financial, and reputational outcomes.
- We believe that our differentiator is how we optimize and manage the ESG process.
- We believe ESG to be a “must have” while others see it as a “nice to have”.
Why it Often Goes Wrong
- Investee company management teams are often too inexperienced to effectively navigate the process.
- Industry promoters focus on the good news – reluctant to dive deep into the potential risks.
- Steps are skipped, de-risking is on autopilot, and processes are not integrated.
We see Opportunity, not Risk
- We fill in the technical and experience gaps that often exist at medium-to-smaller mining projects.
- We move from a conceptual or experience-based process to a full risk assessment.
- De-risking is a staging process with expertise and attention needed at each stage.