Eldorado Gold Corporation (TSX: ELD) has published its 2023 Sustainability Report, which provides details of the company’s environmental, social, and governance performance over the past year.
“At Eldorado, health, safety, and sustainability are key to who we are and is considered in everything we do, from exploration to closure, as we continue to break new ground and deliver lasting positive impacts,” said George Burns, Eldorado’s president and CEO. “The 12th annual Sustainability Report published today summarizes our performance across our global sites and primarily focuses on our four producing mines in Canada, Türkiye and Greece, and our development project in Greece.”
2023 Report highlights and achievements:
Safe, inclusive, and innovative operations
- Exceeded aspirational target as set in Eldorado’s Diversity Policy for board of directors composition, with females representing 56% and other designated groups representing 11% of the directors.
- Reduced potentially fatal occurrence frequency rate by 20% at global operations.
- Achieved target to reduce lost-time injury frequency rate by 10% from 2022, with the lowest LTIFR in the 12 years of reporting.
- Supported diversity within our supply chain through multiple partnerships as part of our continued sponsorship of the Artemis Project, which brings together women-led businesses related to mining.
Responsibly produced products
- Received external verification of the implementation of the Mining Association of Canada’s TSM at Olympias:
- Level AAA performance across all indicators in Biodiversity Conservation Management and Tailings and several AAA scores in Health and Safety and Water Stewardship.
- Received assurance of full conformance with the World Gold Council year 3 responsible gold mining principles requirements.
- Formally adopted our first-ever supplier code of conduct across our global operations.
Engaged and prosperous communities
- Committed to local employment and procurement:
- Achieved 79% employment from the local communities surrounding Eldorado’s global operations and 99% employment from the countries in which the company operates.
- Paid over US$693M to domestic suppliers, an increase of 18% compared to 2022.
- Made US$4.29M in community investments, with over 56% focused on building human and institutional capacity to support current and post-mining communities needs through education, infrastructure, and economic development.
- Had zero major community or human rights incidents.
Healthy environments now and for the future
- Had zero major environmental incidents and no significant spills across Eldorado’s global sites.
- Continued to implement Eldorado Gold’s climate change strategy – in support of the company’s target to mitigate greenhouse gas emissions by 30% by 2030, from 2020 levels, on a business-as-usual basis:
- Operationalized the first of two electric haul trucks at the Lamaque Complex for use in the underground operations.
“We continued to focus on strengthening our sustainability performance across all our sites during 2023. At Olympias, we conducted a Sustainability Integrated Management System Compliance Verification with external verification where they achieved a Level AAA for Biodiversity Conservation Management and Tailings Management against MAC-TSM standards as well as AAA scores on several other indicators covering Health and Safety and Water Stewardship. Additionally, during the year we rolled out our first-ever Supplier Code of Conduct, an essential addition to our policies and an important step in our responsible supply chain journey.” Added George.
To read more about this, please visit www.eldoradogold.com
To read more news like this please visit www.theassay.com/news
