OceanaGold's Commitment to Sustainability Shines in 2024 Report
OceanaGold's Commitment to Sustainability and Progress
OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) has proudly released its annual Sustainability Report, showcasing its achievements and efforts toward sustainability for the year ended December 31, 2024. As a responsible mining company, OceanaGold understands the significance of its role in the community and the environment, and is continually working towards a better future.
Leadership in Sustainability
According to Gerard Bond, President and CEO of OceanaGold, the company has made substantial progress on its sustainability commitments in 2024. He emphasizes that their purpose is to mine gold for a better future, demonstrating that operating safely and responsibly is a strategic imperative. This comprehensive approach to sustainability is crucial for protecting value for all stakeholders involved.
CEO's Vision for the Future
Megan Saussey, the Chief Sustainability Officer, adds that 2024 was dedicated to implementing their updated three-year Sustainability Strategy. This involved a strong focus on improving responsible business practices, ensuring consistent performance across all operations, and enhancing their commitment to sustainability.
Key Achievements of 2024
The 2024 Sustainability Report highlights several key outcomes that showcase OceanaGold's commitment and progress:
- Secured an MSCI "AA" rating, reflecting strong ESG practices.
- Initiated the rollout of an updated three-year Sustainability Strategy.
- Instituted Safety Improvement Plans, addressing findings from site investigations following unfortunate incidents.
- Achieved an impressive 80% employee engagement score in the 2024 Culture Survey, surpassing the mining industry benchmark.
- Maintained a flawless record with zero material environmental incidents.
- Underwent progressive rehabilitation of over 100 hectares of disturbed land, exceeding the amount disturbed within the year.
- Engaged approximately 250 facilitated consultations with Iwi groups regarding the Waihi North Project.
- Invested over US$193 million in local suppliers, contributed US$125 million in taxes and royalties, and added US$11 million to community partnerships.
- Conducted a comprehensive analysis of climate change scenarios to prepare for future risks.
- Met 70% of company-wide water needs through recycled resources.
Resources for Stakeholders
OceanaGold provides additional resources related to sustainability efforts:
- Access the comprehensive 2024 Sustainability Report to see detailed achievements and future commitments.
- Explore the 2024 Interactive ESG Data to stay informed on environmental, social, and governance metrics.
- Review the Basis of Preparation and Reporting Indexes for transparency in reporting.
- Understand the 2024 RGMP Implementation and Conformance Report, ensuring adherence to standards.
- Read the 2024 Conflict-Free Gold Statement to affirm their focus on ethical practices.
- Visit the 2024 Modern Slavery Statement to learn about their commitment to eradicating modern slavery in their operations.
About OceanaGold Corporation
OceanaGold is an evolving intermediate gold and copper producer with a mission to maximize Free Cash Flow and generate strong returns for its shareholders through responsible practices. Their operational portfolio comprises four active mines: the Haile Gold Mine, Didipio Mine, Macraes, and Waihi operations.
Frequently Asked Questions
What is OceanaGold's main focus in this report?
The report highlights their sustainability commitments and performance outcomes for the year 2024.
How did OceanaGold perform in terms of employee engagement?
They achieved an 80% employee engagement score, exceeding the mining industry's benchmark.
What sustainability strategy did OceanaGold implement?
An updated three-year Sustainability Strategy aimed at improving responsible business practices.
How does OceanaGold manage its water needs?
The company meets 70% of its water needs through recycled resources.
What is OceanaGold's commitment to the community?
They invest millions into local suppliers, taxes, and social partnerships to support the host communities.
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