TIDMCAML
RNS Number : 7653X
Central Asia Metals PLC
28 April 2023
28 April 2023
CENTRAL ASIA METALS PLC
('CAML' or the 'Company')
Publication of 2022 Sustainability and Climate Change
Reports
Central Asia Metals plc (AIM: CAML) announces today that it has
published its 2022 Sustainability and Climate Change Reports, that
cover its approach and activities for the year ended 31 December
2022, both at Group level and at the Sasa zinc-lead mine in North
Macedonia ('Sasa') and the Kounrad dump leach, solvent extraction
and electro-winning ('SX-EW') copper recovery plant in Kazakhstan
('Kounrad').
The reports are available to view on the Company's website
at:
https://www.centralasiametals.com/investors/reports-and-presentations/
2022 Sustainability Report
Central Asia Metals has reported in accordance with the GRI
Standards for the period 1 January 2022 to 31 December 2022, and
this is the Company's fourth standalone Sustainability Report. It
covers CAML's approach to transparent business conduct, maintaining
safe operations and healthy working environments, and its efforts
to manage any potential environmental or social impacts.
With a view to maintaining momentum in its sustainability
achievements for the future, CAML has committed to the following
specific long-term targets and will report on its performance in
these key areas in next year's Sustainability Report. Please refer
to CAML's 2022 Sustainability report for details. Additional
targets will be set in future as appropriate.
Delivering value through
stewardship * Zero human rights abuses
* Implement Group-wide supplier screening platform by
2025
Maintaining health and
safety * Zero fatalities
* Lost time injury frequency rate ('LTIFR') target f or
2023 below 1.30
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Focusing on our people
* 20% female interviewees for each eligible role from
2023 onwards(1)
* 25% increase in female employees o n a Group level by
end 2025
* Maintain 99% local employment across both operations
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Caring for the environment
* Zero severe or major environmental incidents
* 50% reduction in Group greenhouse gas ('GHG')
emissions by 2030 and net zero by 2050
* 75% reduction in surface water abstraction at Sasa by
end of 2026
* 70% of tailings at Sasa to be stored in a more
environmentally responsible manner (paste backfill
and dry stack tailings) by end of 2026
* Report Group Scope 3 emissions by end of 2024
* Report to Global Industry Standards on Tailings
Management ('GISTM') by end of H1 2024
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Unlocking value for our
communities * Zero severe or major community-related incidents
* Increase level of community support to a n annualised
average of 0.5% of Group gross revenue ( up from
0.25%)
------------------------------------------------------------------
2022 Climate Change Report
The Climate Change Report is the Company's second and details
the reporting efforts towards the Task Force on Climate-Related
Financial Disclosures ('TCFD'), the five pillars constituting
CAML's Climate Change Strategy, and the climate change scenario
analysis undertaken in 2022. CAML has committed to a 50% reduction
in its GHG emissions by 2030 versus a 2020 base and to achieving
net zero by 2050.
Nigel Robinson, Chief Executive Officer, commented:
"2022 was a year of strong performance for CAML, enabling us to
generate value for all our stakeholders including our employees,
local communities, governments, and suppliers, as well as our
shareholders.
"During 2022, we celebrated 10 years of operation at Kounrad, in
Kazakhstan, and five years' ownership of Sasa, in North Macedonia.
We are immensely proud of the contributions we have made during our
tenure and are committed to maintaining a robust approach to health
and safety, making a positive impact on our employees and the
socio-economic development of host communities, and employing an
environmentally responsible approach over the long-term. Our
commitment to achieving a zero-harm work environment remains at the
core of our activities and our LTIFR for 2022 of 0.83 was well
below our target of 1.69.
"I am pleased to report that we have further progressed our TCFD
reporting and have conducted scenario analysis as part of this
work, detailed in our Climate Change Report. We have achieved a 27%
reduction in our 2022 GHG emissions versus 2021 and a 40% reduction
on our emissions versus our 2020 base year. This year we expect to
complete construction of our Kounrad Solar Power Project and begin
to work on estimating our Scope 3 emissions.
"Our approach to the United Nations Sustainable Development
Goals ('SDGs') was reassessed in 2022 and we defined a two-tiered
approach. This aims to differentiate the goals to which CAML can
make a most significant contribution ('primary') from those which
still have strong relevance to our business ('supporting').
"Good progress has been made in governance and stewardship in
2022, as we introduced a corporate governance training platform,
conducted a human rights impact assessment, and introduced a
supplier social assessment process.
"Initiatives have been implemented to ensure that our payment of
wages is fair, and our salaries significantly exceed local minimum
wages. In 2022, we conducted an average of 43 hours of training per
employee. In 2023, we plan to develop a diversity and inclusion
strategy.
"We continued to enjoy strong community relationships at Kounrad
and Sasa during 2022. In December, the President of Kazakhstan
presented our Kounrad operation with the Gold Award for the Best
Socially Responsible Business. At Sasa, we were particularly
pleased to have advanced the Local Economic Development and Local
Environmental Action Plans that are being developed as part of the
long-term sustainability initiative between our project and the
local municipality.
"During 2022, we fulfilled our purpose to produce base metals,
essential for modern living, profitably in a safe and sustainable
environment for all our stakeholders. We strive to further improve
our sustainability performance and continue to contribute to the
socio-economic development of our host communities. As ever, we
would welcome feedback on this report from any of our
stakeholders."
For further information contact:
Central Asia Metals
Nigel Robinson
CEO
Gavin Ferrar
CFO
Louise Wrathall louise.wrathall@centralasiametals.com
Director of Corporate Development
Emma Chetwynd Stapylton emma.chetwyndstapylton@centralasiametals.com
Investor Relations Manager
Peel Hunt (Nominated Advisor Tel: +44 (0) 20 7418 8900
and Joint Broker)
Ross Allister
David McKeown
BMO Capital Markets (Joint Broker) Tel: +44 (0) 20 7236 1010
Thomas Rider
Pascal Lussier Duquette
BlytheRay (PR Advisors) Tel: +44 (0) 20 7138 3204
Tim Blythe
Megan Ray
Rachael Brooks
Note to editors:
Central Asia Metals, an AIM-listed UK company based in London,
owns 100% of the Kounrad SX-EW copper project in central Kazakhstan
and 100% of the Sasa zinc-lead mine in North Macedonia.
For further information, please visit www.centralasiametals.com
and follow CAML on Twitter at @CamlMetals and on LinkedIn at
Central Asia Metals Plc
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