Australian Gold Exploration Company
Publicly traded mining company required to report ESG Performance as part of the Ongoing Investor Requirement of ASX.
Client Overview
Our Client is an Australian Gold Exploration Company. They operate four exploration projects across the States of Victoria and Queensland. The Company has an active ESG program which is constantly being developed. The firm is a Member of the Minerals Council of Australia and abide by its policies, including its Water Policy and Towards Sustainable Mining. TSM is an award-winning accountability framework which helps mineral companies evaluate, manage, and communicate their Sustainability Performance.
Client's ESG challenges
As a Listed entity on the Australian Securities Exchange (ASX), our client is required to disclose its ESG Performance as part of the Ongoing Investor Requirement. While the Business has in place several Policies and Procedures around ESG, EHS, including a very comprehensive Indigenous Policy, they had not made any significant progress around actively measuring and managing their ESG Metrics.
One of the key challenges was the use of Manual Spreadsheets to track their Scope 1 and 2 Emissions however due to certain investor requirements, they were asked to report on other ESG Metrics which also included Scope 3 emissions for certain categories and other Environmental metrics such as Water, Waste, Air Quality etc and doing this manually was proving to be very challenging due to the scattered data and manual processes and managing everything on spreadsheets which was leading to significant delays and lack of accuracy.
While the client does have a Dedicated Sustainability Head, there was no one else in the team to maintain and verify the collected data from different departments and this was leading to delays and lack of accuracy combined with limited sustainability domain expertise.
The Sustainext solution
Sustainext identified all the gaps in the current systems and processes and proposed using its Platform with In-built Consulting support to automate their data collection process and standardize the entire data management system and reporting process.
Sustainext's comprehensive Emissions module with over 70,000 emission factors allows the client to maintain accurate and scientifically vetted data which is Audit ready. In addition to Emissions Data, Sustainext is also a GRI Certified Software Provider which makes ESG reporting and Compliance a breeze.
In addition to deploying the Platform, Sustainext also conducted a Materiality Assessment and a detailed Net Zero Workshop for the Client to help them streamline internal processes and define roles and responsibilities clearly. This has also led to increased Employee Engagement within the Organization.
The outcome
The Client can now view their data in real time and generate reports based on various stakeholder requirements with a single click.
By leveraging Sustainext's Platform and Consulting support, the Client can validate information and optimize their sustainability goals and objectives without having to invest in additional resources.