We are building a robust ESG framework.

Pan Asia Metals’ ESG framework will be modelled on the 21 core metrics outlined by the World Economic Forum (WEF)’s ‘Stakeholder Capitalism Metrics’, which will in turn be overlaid with the 17 ‘Sustainable Development Goals’ (SGDs) provided by the United Nations (UN).

Underlying these frameworks is PAM’s core tenet of Exploring a Better Future.

These words capture what we want to achieve at Pan Asia, and they’re echoed by the words of ICMM’s Rohitesh Dhawan. When asked about his key message to stakeholders in mining, he answered with three simple words:

“Mining with Principles”

Dhawan went on to say, “(This) is the promise we make to our stakeholders that in the process of mining we will do everything possible to maximise the benefit to society of the operations of mining and the products that are so essential to the lives we lead, and we will minimize the possibility of harm to people and the environment.” Pan Asia categorically agrees with his statement.

It’s worth noting that Pan Asia is not a project operator, so several aspects of the UN and WEF frameworks are not applicable to us at this point in our journey; nor do they relate to broader regional or global goals to which we can contribute, but aren’t able to significantly influence. As we grow, our ESG framework and our Sustainability Plan will be refined and updated.

A combination of the UN and WEF frameworks forms the foundations of Pan Asia Metals’ ESG framework:

1. THE PEOPLE

PEOPLE:
Dignity and equality
Diversity & inclusion (%)
Pay equality
Wage level (%)
Risk for incidents of child, forced or compulsory labour Health & Wellbeing
Health and Safety (%)
Training provided (#)

GOAL 1:
NO POVERTY

Economic growth must be inclusive to provide sustainable jobs and promote equality.

GOAL 4:
QUALITY EDUCATION
Obtaining a quality education is the foundation to improving people’s lives and sustainable development.

GOAL 5:
GENDER EQUALITY

Gender equality is not only a fundamental human right, but a necessary foundation for a peaceful, prosperous and sustainable world.

GOAL 6:

CLEAN WATER AND SANITATION

Clean, accessible water for all is an essential part of the world we want to live in.

2. THE PLANET

PLANET:
Climate Change
Greenhouse Gas (GHG) emissions
TCFD implementation
Nature Loss
Land use and ecological sensitivity
Fresh water availability
Water consumption and withdrawal in water-stressed areas

GOAL 6:
CLEAN WATER AND SANITATION
Clean, accessible water for all is an essential part of the world we want to live in.

GOAL 12:
RESPONSIBLE CONSUMPTION AND PRODUCTION
Responsible Production and Consumption

GOAL 13:
CLIMATE ACTION
Climate change is a global challenge that affects everyone, everywhere.

GOAL 15:
LIFE ON LAND
Sustainably manage forests, combat desertification, halt and reverse land degradation, halt biodiversity loss

3. OUR PROSPERITY

PROSPERITY:
Employment and wealth generation
Absolute number and rate of employment
Economic Contribution
Financial investment contribution disclosure
Innovation in better products and services
Total R&D expenses ($)
Community and social vitality
Community investment is included within the economic contribution metric (part of EVG&D)
Total tax paid

GOAL 1:
NO POVERTY

Economic growth must be inclusive to provide sustainable jobs and promote equality.

4. GOVERNANCE

GOVERNANCE:
Governing Purpose
Setting purpose
Quality of Governing Body
Governance body composition
Ethical Behaviour
Anti-corruption
Protected ethics advice and reporting mechanisms
Risk and Opportunity Oversight
Integrating risk and opportunity into business process

GOAL 4:
QUALITY EDUCATION
Obtaining a quality education is the foundation to improving people’s lives and sustainable development.

GOAL 5:
GENDER EQUALITY

Gender equality is not only a fundamental human right, but a necessary foundation for a peaceful, prosperous and sustainable world.

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