GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) told investors it has published its 2023 Sustainability Report, which underscores the company’s commitment to Environmental, Social, and Governance (ESG) principles.
The report, which covers the 12 months to June 30, 2023, is compliant with the Sustainability Accounting Standards Board (SASB), International Finance Corporation (IFC) and Global Reporting Initiative (GRI) standards and showcases the company’s continued commitment to mitigating long-term impacts to the environment while progressing the interests of its stakeholders, GoviEx said in a statement.
The company highlighted its reporting on critical metrics such as water and diesel consumption, as well as electricity use and greenhouse gas emissions.
It also further developed its risk management and Health, Safety, Security and Environment (HSSE) programs, putting in place relevant policies and procedures to address and/or mitigate recognized risks that the organization faces.
Commenting on its employment practices, GoviEx said it has prioritized local employment and procurement where it operates, boasting a fully local workforce and implementing local procurement policies across all projects.
It also continues to focus on workplace diversity, with women constituting 35% of its workforce, up from 29% last year.
Additionally, it has adopted a comprehensive stakeholder engagement plan and grievance procedure, alongside a community development plan, emphasizing education, health, water access and women's empowerment.
"We are not only adhering to global standards but also demonstrating our steadfast commitment to ESG principles, which are embedded in our operations, even as a pre-revenue, pre-production company,” GoviEx CEO Daniel Major commented.
“In an era where customers are elevating their ESG benchmarks, our proactive and principled approach assists us in working to meet our ESG commitments as well as helping us to anticipate and shape the future standards of our supply chain.”
The report can be accessed here.
Contact the author at stephen.gunnion@proactiveinvestors.com