Caledonia Mining Corporation PLC has released its 2023 Environmental, Social, and Governance (ESG) Report, which is now aligned with the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) standards. The report, available on the company's website, highlights the company's commitment to sustainable business principles and the significance of ESG management in its corporate strategy.
Mark Learmonth, Chief Executive Officer of Caledonia Mining Corporation PLC, emphasized the company's dedication to ESG and responsible operations. He noted the appointment of Colleen Parkins as Head of ESG, a new management-level position, to ensure the full integration of ESG into the company's daily discussions and decision-making processes.
The report outlined several operational highlights from 2023, including a substantial 14% reduction in Scope 1 and 2 greenhouse gas emissions, attributed to the installation of a 12.2 MWac solar plant. Caledonia Mining Corporation PLC expressed confidence in developing emission reduction targets supported by climate science and geographic realities as their sustainability processes and data capturing mature.
The 2023 ESG Report also highlighted achievements in various areas, including a 14% reduction in diesel used in generators, 18% of total water consumption consisting of recycled water, and a Total Injury frequency rate (TIFR) of 0.96. The company also emphasized its commitment to supporting local communities, with 100% local employment at Blanket Mine and significant spending on corporate social responsibility.
In terms of diversity and inclusion, the report noted a rise in female representation on the Board of Directors to 25% in 2024, up from 11% in the previous year, and 33% female representation among senior corporate management.
Caledonia Mining Corporation PLC's 2023 ESG Report demonstrates the company's progress in operating responsibly and sustainably while maximizing benefits for its stakeholders. The company looks forward to providing further updates on its continued efforts in the next report.