ESG
Developing a sustainable business
At Caledonia, we are steadfast in our commitment to uphold the highest ESG standards, ensuring that our policies, procedures, and metrics effectively drive meaningful action. Our approach prioritises transparency and accountability, aligning with evolving global sustainability reporting trends and market expectations.
Our sustainability governance framework is built on a strong foundation of policies that not only meet but, in many cases, exceed legislative requirements. We continue to align with leading international frameworks, including the IFC Performance Standards, the Equator Principles, the Global Industry Standard on Tailings Management and the Organisation for Economic Co-operation and Development (“OECD”) Anti-Bribery Convention, to reinforce our commitment to responsible and ethical business practices.
Our commitment to sustainable development necessitates the harmonisation of our immediate and future objectives, incorporating economic, health, safety, security, environmental, and social factors into our business strategies. We diligently work to implement necessary measures to guarantee a safe and healthy workplace for all staff members.
The Board is ultimately responsible for our sustainability strategy, supported by a Board-level ESG Committee that oversees key areas including health, safety, environment, corporate social responsibility and stakeholder engagement. We have a comprehensive and robust approach to risk management, ensuring that key ESG risks are effectively identified, evaluated, and addressed at multiple levels of the organisation. Our approach to governance reflects our belief that sustainability is an intrinsic part of how we do business, ensuring resilience, accountability, and shared value creation for all stakeholders.
“We believe that good ESG practices are not just about compliance – they drive operational efficiencies, strengthen our stakeholder relationships, and enhance our long-term value proposition.” Mark Learmonth, Chief Executive Officer
Read our 2024 ESG Report
Our commitment to the UN Sustainable Development Goals
The Sustainable Development Goals (“SDGs”) embody a global call to eradicate poverty, protect the planet, and ensure peace and prosperity for all by 2030. Our choice of SDGs to concentrate on is guided by the most critical ESG topics for our stakeholders and where we expect to have the greatest effect. Looking ahead, we’ve set SDG-linked targets to track our progress and amplify our contribution – these are outlined below.
Health & Wellbeing
Our commitment:
We are dedicated to attaining a workplace free from harm and we concentrate on protecting the health of our employees and their families. Safety remains our foremost concern in all our endeavours.
Applicable SDG targets:
T3.1 By 2030, reduce the global maternal mortality ratio to less than 70 per 100,000 live births
T3.1.1 Maternal mortality ratio
T3.1.2 Proportion of births attended by skilled health personnel
Quality Education
Our commitment:
At Blanket, we enforce a mandatory safety training program for our employees along with various operational training courses. As a fundamental aspect of our Corporate Social Responsibility (CSR) framework, we also strive to bolster education within our local communities.
Applicable SDG targets:
T4.1 By 2030, ensure that all girls and boys complete free, equitable and quality primary and secondary education leading to relevant and effective learning outcomes
T4.a Build and upgrade education facilities that are child, disability and gender sensitive and provide safe, non-violent, inclusive and effective learning environments for all
Water & Sanitation
Our commitment:
We regard access to clean water and sanitation as fundamental human rights and we make provision for water supply and sanitation to the Blanket mine village. Investigations regarding the upgrade and improvement of these facilities has started. Furthermore, we collaborate with the local community to enhance water supply and sanitation facilities.
Applicable SDG targets:
T6.1 By 2030, achieve universal and equitable access to safe and affordable drinking water for all
T6.1.1 Proportion of population using safely managed drinking water services
T6.2 By 2030, achieve access to adequate and equitable sanitation and hygiene for all and end open defecation, paying special attention to the needs of women and girls and those in vulnerable situations
T6.4 By 2030, substantially increase water-use efficiency across all sectors and ensure sustainable withdrawals and supply of freshwater to address water scarcity and substantially reduce the number of people suffering from water scarcity
Decent Work and Economic Growth
Our commitment:
Our objective is to optimise our capacity to make positive impacts on our local communities, fostering social and economic development whenever feasible. Blanket operates in an area with limited job prospects, and the employment opportunities and community assistance we offer significantly enhance the quality of life for those in the vicinity of the mine. Additionally, through transparent tax and royalty payments, we contribute to the broader development of the Zimbabwean economy.
Applicable SDG targets:
T8.1 Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries
T8.8 Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment
T8.8.1 Fatal and non-fatal occupational injuries per 100,000 workers, by sex and migrant status
Reduced Inequalities
Caledonia’s commitment:
Our commitment to women and youth empowerment as a cornerstone of our CSR programme involves elevating the status of women and youth through education, training, and literacy initiatives. To uphold this commitment, Blanket provides attachment opportunities annually for students, offering them exposure to real-world industrial practices.
Applicable SDG targets:
T10.2 By 2030, empower and promote the social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status
T10.3 Ensure equal opportunity and reduce inequalities of outcome, including by eliminating discriminatory laws, policies and practices and promoting appropriate legislation, policies and action in this regard
Climate Action
Caledonia’s commitment:
Given the energy-intensive nature of our operations, we continually strive to enhance efficiencies and minimise emissions whenever feasible.
Applicable SDG targets:
T13.2 Integrate climate change measures into national policies, strategies and planning
T13.2.2 Total greenhouse gas emissions per year