Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) on Tuesday published its annual ESG Report for 2024, reflecting an evolution toward more sophisticated sustainability practices and a "strategic approach to addressing climate-related business challenges".
The gold miner noted it completed a climate change risk assessment during the year, examining the potential effects of extreme weather, water stress, energy security and regulatory changes.
"In 2024, we took several steps to future-proof our business and further embed ESG within our strategy,” chief executive Mark Learmonth said in a statement.
“Understanding these issues is essential to planning for the long term.”
Learmonth added: “At Caledonia, our focus remains centred on delivering long-term value, through ensuring responsible operations and investing in the future.
“We continued investing in our communities, including through installing new solar energy infrastructure for local schools and clinics, and prioritising local procurement to strengthen regional economic development."
Caledonia began preparations during the year for compliance with IFRS Sustainability Standards and started an Equator Principles gap analysis.