REG - Caledonia Mining Crp - Publication of 2023 ESG Report

Caledonia MiningAnnouncement

01/08/2024 07:00

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RNS Number : 6860Y  Caledonia Mining Corporation PLC  01 August 2024

Caledonia Mining Corporation Plc

Publication of 2023 ESG Report

 

Caledonia has enhanced its sustainability reporting to align

with GRI and SASB standards

 

(NYSE AMERICAN, AIM and VFEX: CMCL)

St Helier, 1 August, 2024 - Caledonia Mining Corporation Plc ("Caledonia" or
"the Company") announces the publication of its 2023 ESG Report. The full
report is available on the Company's website at
www.caledoniamining.com/esg/esg-reports/
(http://www.caledoniamining.com/esg/esg-reports/) .

Caledonia has enhanced its sustainability reporting to align with the Global
Reporting Initiative (GRI) and Sustainability Accounting Standards Board
(SASB) standards for the first time. This reflects the Company's sustainable
business principles and significance of environmental, social, and governance
(ESG) management in its corporate strategy.

Mark Learmonth, Chief Executive Officer, said:

"I am pleased to present Caledonia's fourth annual ESG report, and our first
prepared in line with the GRI, increasing the robustness of our ESG linked
disclosures and overall transparency. This was one of several steps taken in
2023 to reinforce our commitment to ESG and responsible operations. We also
appointed Colleen Parkins as Head of ESG, a new management level position at
Caledonia, ensuring that ESG is fully integrated into our everyday discussions
and decision making.

"A major operational highlight in 2023 was the substantial 14% reduction in
Scope 1 and 2 greenhouse gas emissions; this was made possible following the
installation of our 12.2 MWac solar plant, which has decreased our reliance on
both the local grid and diesel generators.

"We regard operating in Zimbabwe as exciting both in terms of geological and
human potential and have long recognised that operating responsibly is not
just a moral obligation, but a business imperative.

"As our sustainability processes and data capturing mature, we are confident
that we will be able to develop emission reduction targets backed up by
climate science and geographic realities. While proud of the progress made to
date, we know there remains more to do, and we look forward to further
updating you in our next report on our progress on our continued efforts to
operate responsibly and sustainably while maximising benefits for our
stakeholders."

 

2023 Highlights

Environment:

·    14% reduction in Scope 1 and 2 greenhouse gas emissions

·    62% reduction in diesel used in generators

·    18% of total water consumption consisting of recycled water

Health and Safety:

·    Total Injury frequency rate (TIFR) of 0.96 (2022:0.75)

·    505 employees completed safety training programmes

Supporting Local Communities:

·    100% local employment at Blanket Mine and 92% local suppliers

·    US$1.5m spent on corporate social responsibility at Blanket Mine
(2022: $0.9m)

·    US$19.2m total payments to Government (2022: US$ 19.2m)

Diversity and Inclusion:

·    $147,038 spent on community support for women

·    11% female representation on Board of Directors; this has risen to
25% in 2024

·    33% female representation among senior corporate management

 

Enquiries:

 Caledonia Mining Corporation Plc

 Mark Learmonth                                              Tel: +44 1534 679 800

 Camilla Horsfall                                            Tel: +44 7817 841 793
 Cavendish Capital Markets Limited (Nomad and Joint Broker)

 Adrian Hadden                                               Tel: +44 207 397 1965

 Pearl Kellie                                                Tel: +44 131 220 9775
 Panmure Liberum Limited (Joint Broker)

 Scott Mathieson/Matt Hogg                                   Tel: +44 20 3100 2000
 Camarco, Financial PR (UK)

 Gordon Poole                                                Tel: +44 20 3757 4980

 Julia Tilley

 Elfie Kent
 3PPB (Financial PR, North America)

 Patrick Chidley                                             Tel: +1 917 991 7701

 Paul Durham                                                 Tel: +1 203 940 2538
 Curate Public Relations (Zimbabwe)

 Debra Tatenda                                               Tel: +263 77802131
 IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)

 Lloyd Mlotshwa                                              Tel: +263 (242) 745 119/33/39

 

 

 

 

 

 

 

 

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