Corporate Social Responsibility
Caledonia aims to be a socially conscious and sustainable business and its approach is guided by the United Nations Sustainable Development Goals.
Further details of the CSR Strategy are set out in the presentation below and the main CSR activities during the last quarter are set out in section 4.2 of the latest quarterly management discussion and analysis.
Caledonia believes it is critical that both employees and the local community are integral stakeholders in the long-term prosperity and sustainability of the business. Nearly 99% of the group’s employees are Zimbabwean and most are permanent residents of the mine village. In 2012, Caledonia facilitated: the acquisition of a 10% ownership interest in the mine by a trust in favour of the employees at the mine; and the donation of a 10% ownership interest in the mine to a trust in favour of the local community, and it also paid the trust advance dividends. It also facilitated the acquisition of a 16% ownership interest in the mine by the National Indigenisation and Economic Empowerment Fund of Zimbabwe.