ESG

2022 highlights

• Completed training of Board and management on various corporate policies including business ethics.
• Conducted Board evaluation.
• Supplier screening and vetting conducted.
• Whistleblowing reports are externally investigated, and recommendations are made and followed.

We recognise the importance of good corporate governance to support the Company’s medium to long term success. 

Caledonia endorses, and is committed to, the principles of good corporate governance and citizenship, as well as to ethical and effective business behaviour. Overall responsibility for governance lies with the Board, underpinned by a framework of charters and policies regarding the laws, codes, guidelines and best practices that apply in the multi-jurisdictional environment in which the Group operates. 

Caledonia has adopted the UK’s Quoted Companies Alliance Corporate Governance Code (“QCA Code”) and a statement from the Chairman on the application of the QCA Code is available on the Corporate Governance section of our website, together with the other codes and policies mentioned below. 

The Board aims to provide an example of the ethical conduct it expects of all employees throughout the business. We are committed to high ethical standards and have the following corporate values, which underpin our behaviour:

• Transparency
• Agility
• Equality and diversity
• Credibility
• Excellence

We operate a Code of Business Conduct, Ethics and Anti-Bribery Policy, as well as policies on Human Rights, our Supply Chain and Customer Compliance, which, together with other policies, provide the foundation for our ethical approach and how we conduct business. Caledonia also has an anonymous, externally facilitated whistleblowing hotline to ensure that stakeholders can report any concerns.

Whilst Caledonia’s shares are no longer listed in a Canadian stock exchange, it remains a reporting issuer, with a material number of Canadian shareholders. We therefore apply the requirements of Canadian National Instrument 58 101 Corporate Governance Disclosure (“NI 58 101”) and provide the required disclosure in our annual Management Information Circular ahead of our annual general meeting each year.