Eldorado Gold's Commitment to Sustainability
Eldorado Gold Corporation, a prominent player in the mining industry, is excited to unveil its 2024 Sustainability Report, showcasing the company’s enduring commitment to environmental, social, and governance (ESG) principles. This Report highlights significant achievements and ongoing initiatives that reflect Eldorado's dedication to sustainability within all facets of its operations. The Report can be accessed on Eldorado's official website for stakeholders interested in their ESG performance.
A Message from Leadership
George Burns, President and CEO of Eldorado, emphasized the integral role of sustainable practices across the organization. “At Eldorado, we integrate sustainable practices into every facet of our business. From ensuring the safety of our employees to fostering strong ties with our host communities, we celebrate our commitment to conducting business ethically and responsibly,” he stated. This ethos is reflected in the company's sustainability framework, which aims to enhance sustainability considerations from initial exploration phases through to post-closure management.
2024 Report Overview
The 2024 Sustainability Report elaborates on Eldorado's initiatives categorized by its sustainability framework pillars, illustrating the company’s focus on safe operations, community engagement, and environmental stewardship.
Safe and Inclusive Operations
Eldorado has made remarkable strides in enhancing workplace safety and inclusivity. Initiatives that have shaped the organization's culture include:
- Ensuring a balanced representation of 50% women on the Board of Directors and 40% within senior management by the end of 2024.
- Achieving a 30% reduction in the total recordable injury frequency rate, reaching a commendable rate of 3.24.
- Celebrating seven consecutive years of zero fatalities across all sites, underscoring the commitment to a safety-first culture.
- Implementing the Courageous Safety Leadership initiative, which empowers employees to prevent workplace incidents.
- Supporting diversity in the supply chain through collaborations with women-led businesses.
Engaged Communities
The relationship Eldorado Gold shares with local communities is central to its operations. By adhering to local employment and procurement commitments, the company achieved the following:
- 98% of employees sourced from the countries where it operates, with a noteworthy 82% employed from local communities.
- Over $851 million paid to domestic suppliers, signifying a 23% increase from the previous year.
- Investment of $4.4 million into community initiatives focused on education, the environment, and economic development.
Environmental Stewardship
Eldorado recognizes the influence of its operations on the environment and is actively working towards minimizing ecological impacts. The company has:
- Achieved zero major environmental incidents and significant spills at its global operations.
- Reclaimed and properly stored 288,000 tonnes of contaminated materials as a part of its community commitment.
- Engaged in a multi-year Climate Change Strategy aimed at operationalizing energy and greenhouse gas emissions standards.
- Planted over 118,000 indigenous plants at Kisladag, actively contributing to local reforestation efforts.
Responsibly Produced Metals
The metals produced by Eldorado are essential components of modern economies. The company has obtained external verification for adhering to responsible mining standards, having achieved:
- Outstanding scores across all indicators in Health and Safety and Indigenous Relations.
- Assurance of full conformance with the World Gold Council's Responsible Gold Mining Principles.
Invitation for Feedback
Eldorado Gold remains open to feedback from all stakeholders regarding its sustainability reporting. The company encourages community members and partners to reach out with comments or requests for information related to their sustainability practices.
About Eldorado Gold
Eldorado Gold is a well-established producer of gold and base metals, with operational sites in international locations. The company prides itself on its skilled workforce, commitment to safety, and the fostering of long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
Contact Information
If you have inquiries, please feel free to reach out to:
Investor Relations
Lynette Gould, VP, Investor Relations, Communications and External Affairs
Phone: 647.271.2827 or 1.888.353.8166
Email: lynette.gould@eldoradogold.com
Media Inquiries
Chad Pederson, Director, Communications and Public Affairs
Phone: 236.885.6251 or 1.888.353.8166
Email: chad.pederson@eldoradogold.com
Frequently Asked Questions
What is the purpose of Eldorado Gold's 2024 Sustainability Report?
The Report provides insights into Eldorado's environmental, social, and governance (ESG) performance, highlighting their sustainability achievements.
How does Eldorado Gold ensure workplace safety?
Eldorado prioritizes safety through comprehensive health and safety initiatives, including the Courageous Safety Leadership program and robust policies promoting a safety-first culture.
What initiatives does Eldorado Gold support for local communities?
Eldorado engages with local communities through partnerships, employment opportunities, and significant investments in education and infrastructure.
How does Eldorado Gold address environmental impacts?
The company implements a multi-year Climate Change Strategy and has achieved a record of zero major environmental incidents across its operations.
Where can I find more information about Eldorado Gold's sustainability practices?
Additional details can be found in the company's 2024 Sustainability Report available on their official website.
