Endeavour Publishes Sustainability Report and Advances Implementation of Responsible Gold Mining Principles - Seite 2

As the largest gold miner in West Africa, and a trusted government partner, our operations have the potential to provide a significant positive impact on the economies of our local communities and host countries. We are conscious of this responsibility and are proud to support over 1,000 local businesses and to source 95% of our site workforce nationally, with a target of continuing the training and development of local talent into management roles.”

Launched by the World Gold Council in September 2019, the RGMPs provide an ESG reporting framework that consists of ten umbrella principles and 51 detailed principles covering key ESG themes. Member companies have up to three years to fully comply with the RGMPs and will be required to obtain annual external assurance on their performance and conformance. 

As part of its implementation strategy, Endeavour conducted a gap analysis in 2019 to identify those policies, standards and activities which already conform to the RGMPs, as well as those areas that will require additional work before being able to reach conformance. This process has resulted in the completion of the Company’s first RGMP external assurance on Principle 1.7, which relates to accountabilities and reporting.  The Company is targeting external assurance on several other principles in the coming year.

To ensure full alignment across the business, Endeavour has also augmented its short and long-term compensation plans to include clearly measurable ESG targets. For 2020, Endeavour has expanded its Group targets, which affects annual employee bonuses, to include 20% ESG-related short-term targets. Alongside a safety target of a LTIFR which is 10% below industry benchmark, it also includes a diversity target of achieving a 25% increase in female employee representation to 10% in 2020. The long-term incentive awards for executives have also been augmented to include a 12.5% ESG weighting for the successful external assurance on all 10 umbrella principles and 51 principles of the RGMPs. Full details of the compensation plan will be available in the Company’s management information circular relating to its Annual General Meeting, which will be published in Q3-2020.