Silvercorp Metals Inc (TSX:SVM, AMEX:SVM) has published its annual Sustainability Report for Fiscal 2022, detailing the company's commitment and contributions to environmental, social, and governance (ESG) factors, practices, and management, while delivering long-term value to shareholders.
Dr Rui Feng, CEO of Silvercorp, said the company believes that sustainability is one of its fundamental responsibilities.
"Silvercorp's core objectives are to operate safely, sustainably, and responsibly with the environment and collaboratively with local communities. While our approach to sustainability will continue to evolve over time, our commitment to integrating ESG factors in our strategic planning, operations, and management remains the same," Feng said in a statement.
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Some of the highlights of the 2022 Sustainability Report include:
- ESG management: Awarded ISO certifications in environmental management, occupational health and safety management, energy management, and quality management systems.
- Health and safety: Achieved zero work-related fatalities; reduced lost time incident rate (LTIR) for the third year in a row through continuous improvement of internal safety management mechanisms.
- Community investment: Continued to give back to local communities by making significant donations to public welfare projects and helping to promote development in education, tourism, and public infrastructure.
- Sustainability commitment: Invested C$2.1 million in environmental protection and carried out 1,118 hours of environmental protection training.
- People: Progressed career development of employees; invested $1.1 million to upgrade accommodation facilities, and strengthened protection of human rights.
The ISO certifications authenticate Vancouver-based Silvercorp's operations and management achieving the requirements of the ISO series of international standards. Silvercorp said this reflects its vision, mission and values, which includes being a technologically advanced and well-managed mining company, operating sustainably by making safety a priority, plus the environment and the communities where it operates.
The 2022 Sustainability Report is available for download at www.silvercorpmetals.com.
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The company's strategy is to create shareholder value by focusing on generating free cash flow from long-life mines, organic growth through extensive drilling for discovery, ongoing merger and acquisition efforts to unlock value, and long-term commitment to responsible mining and ESG.
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