ESG is part of our DNA. It underpins our values of being pioneering, equitable and transparent.
Our vision is to lead an equity-driven, environmentally conscious approach to iron ore mining in Africa. We are working to deliver a Tier 1 iron ore asset in Gabon, producing low carbon, high value-in-use raw material that assists steelmakers and their customers to transition to a greener economy.
ESG is integrated throughout our business and supported by clear policies, procedures and relevant committees of the Board.
We recognise the shift in mind set of stakeholders, shareholders, governments and financiers around the world to implement, measure and report ESG within their businesses.
Digbee ESGTM certification
Genmin submitted its second annual ESG disclosure to London based Digbee ESG for independent and impartial assessment. We were awarded an overall score of BBB for our corporate and project level activities at Baniaka, improving on our inaugural score of BB in 2023.
Digbee certification is awarded to mining companies that have satisfactorily disclosed their ESG activities, at both corporate and project level, to an independent and impartial assessment by ESG specialists, thus demonstrating a clear commitment to and integration of ESG through their business.
ESG disclosure to Digbee comprises the completion of a set of comprehensive corporate and project questionnaires tailored to the appropriate stage of the project and mapped to global standards, with the provision of relevant data, narrative and supporting evidence. The submission is subject to Board approval prior to lodgement with Digbee for independent assessment.
Digbee assembled an independent team of suitably qualified mining ESG experts to manually review Genmin’s submission against a set of rigorous and standardised scoring criteria. These scores were then peer reviewed before being finalised to ensure accuracy and credibility.
Genmin’s recently awarded overall score of BBB reflects the corporate level score at a strong BBB with a range of BB to A, and the overarching project level score is BBB with a range of CCC to AA.
A detailed description of the Company's 2024 ESG rating and scores is available to view on Digbee's website at https://digbee.com/organisation/genmin-limited/esg-ratings/2024#score-progression.