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Yamana Gold Inc on Thursday said it plans to improve its environmental, social, and governance performance through limiting the impact of Covid-19, committing to local employment, and reducing greenhouse gases.
The Toronto, Canada-based mining company said it will continue to limit the impact of Covid-19 on the company's workforce, host communities, and business. In particular, it said it will work towards high vaccination rates in all operating jurisdictions.
To further benefit host communities, Yamana has made a commitment to local employment and procurement. The company plans to maintain over 99% national employment and sustain a high in-country procurement level at 93%, spending over $544 million.
Yamana also said that it plans to reduce greenhouse gas emissions by ‘an ambitious target’ of 46% by 2030, from a 2019 baseline. This is consistent with a 1.5 degree Celsius science-based target, aligned with the Paris Agreement, the company added.
Further, Yamana aims to achieve zero discharges of process water throughout the year. The company also aims for 2022 to be the seventh consecutive year without any material spills across operations.
Executive Chair Peter Marrone said: ‘It's important to recognise that environmental, social, and governance has long existed at the core of Yamana's business: we make the health and safety of our people our number one priority. We focus on building partnerships with local communities, promote responsible environmental stewardship, maintain and enhance privilege to operate with host communities, and instil evolving international best practice in everything that we do.’
Shares in Yamana were up 1.2% to 440.00 pence each in London on Thursday morning.
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