Junior explorer Si6 takes lead role in mining ESG movement with reporting commitment
Junior explorer Si6 Metals is taking a starring role in the push for ESG compliance in the mining industry, making a sector leading commitment to environmental, social and governance at its operations.
Si6 Metals (ASX:SI6) today announced it had adopted an ESG framework including the 21 core metrics and disclosures created by the World Economic Forum.
The framework will enable the ASX-listed company to report on core ESG matters including governance, anti-corruption practices, ethical behaviour, human rights, carbon emissions, land use, ecological sensitivity, water consumption, diversity and inclusion, pay equality and tax payments.
It comes with Si6 progressing exploration activities for lithium and base metals in Botswana at its Maibele JV, where it is working on approvals to drill a nickel-copper belt that has been compared to WA’s Nova and Julimar fields.
It also boasts the 154,000oz Monument gold project adjacent to Dacian Gold’s Mt Morgans mine, the subject of a major mid-tier gold consolidation play in WA’s famous Leonora gold fields led by Raleigh Finlayson’s Genesis Minerals.
Si6 has engaged impact monitoring tech platform Socialsuite to streamline its disclosure and ESG reporting process, which it will use to demonstrate its commitment to and progress on ESG reporting.
“Si6 is charting a course to build resilience and enhance our social licence to operate through a greater commitment to long-term, sustainable value creation that embraces the wider demands of people, the planet and our shared prosperity,” Si6 executive chairman Patrick Holywell said.
“There are increasing expectations of mining and exploration companies to improve their ESG performance and become more accountable in this area, which is why we chose to adopt the world-class metrics and disclosures created by the WEF.
“I am proud to be part of the introduction of ESG reporting at Si6 and help start the Company’s ESG journey. Si6 is committed to undertaking its exploration activities in Western Australia and Botswana in a responsible and sustainable manner, while also contributing to the local communities in which we operate.
“The Socialsuite platform has established a strong reputation globally as a solution that effectively measures and manages social impact and ESG reporting.
“We are confident that by applying the Socialsuite platform we can demonstrate the Company’s progress against the WEF metrics and disclosures. Si6 looks forward to updating shareholders and the market as the Company’s ESG data becomes available.”
Si6 says its initial and baseline report will be due out later in 2022.
This article was developed in collaboration with Si6 Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.