NOVAGOLD's Commitment to Sustainability in Mining Practices
NOVAGOLD's Commitment to Sustainability in Mining Practices
NOVAGOLD RESOURCES INC., a dedicated mining company, recently published its 2024 Sustainability Report, providing insights into the company's efforts regarding environmental, social, and governance (ESG) initiatives. This comprehensive report focuses on various aspects of NOVAGOLD’s operations, particularly its strong commitment to health and safety, environmental responsibility, community investments, stakeholder engagement, and robust corporate governance.
Overview of NOVAGOLD's ESG Performance
The 2024 Sustainability Report presents a detailed overview of NOVAGOLD’s ESG performance, highlighting key areas such as workplace safety and community outreach. The company has consistently focused on maintaining an exceptional health and safety record, demonstrating its dedication to safeguarding the wellbeing of employees and the communities in which it operates.
With a clear commitment to environmental stewardship, NOVAGOLD emphasizes its investments in Donlin Gold LLC. These investments reflect a strong alignment with community needs, ensuring that the voices and priorities of local stakeholders are taken into account. As part of this commitment, NOVAGOLD actively engages with local communities to foster meaningful relationships and address their specific concerns.
Strategic Alignment with Global Standards
In this year's report, NOVAGOLD aligns its sustainability practices with the recommendations from the Taskforce on Climate-related Financial Disclosures (TCFD) and the Taskforce on Nature-related Financial Disclosures (TNFD). Adhering to the Global Reporting Initiative (GRI) framework further illustrates the company’s commitment to maintaining high standards of transparency and accountability in its operations.
Building a Legacy through Sustainable Development
Greg Lang, NOVAGOLD’s President and CEO, expressed optimism about the company's ongoing progress, reinforcing the notion that responsible mining goes beyond just extracting resources. The essence of NOVAGOLD’s strategy lies in working closely with the Yukon-Kuskokwim region's communities to reduce environmental impacts while fostering economic development through the sustainable advancement of the Donlin Gold project.
Engagement with Local Communities
NOVAGOLD remains committed to productive collaboration with Alaska Native Corporation landowners at the Donlin Gold site. This partnership is crucial for ensuring that the project benefits the local community, economically and socially, through responsible development practices. By placing community engagement at the forefront of its operations, NOVAGOLD seeks to leave a positive legacy that resonates well beyond the mining sector.
Commitment to Transparency
Transparency is a vital component of NOVAGOLD’s sustainability ethos. The company places significant emphasis on clear communication regarding its sustainability practices and its ESG performance metrics. As part of its annual reporting since 2020, NOVAGOLD ensures stakeholders are well-informed about its governance, health and safety initiatives, environmental efforts, social engagement contributions, and economic performance.
About NOVAGOLD
NOVAGOLD is a highly capitalized precious metals company concentrating on the development of the Donlin Gold project in one of the most secure mining regions globally. With an impressive estimated 39 million ounces of gold in the Measured and Indicated Mineral Resource categories, Donlin Gold stands out as one of the most significant and high-grade open-pit gold deposits worldwide. The project anticipates yielding more than one million ounces of gold annually over its anticipated 27-year mine life, profoundly impacting regional economic stability.
NOVAGOLD Contacts
Mélanie Hennessey
Vice President, Corporate Communications
Frank Gagnon
Manager, Investor Relations
604-669-6227 or 1-866-669-6227
www.novagold.com
Frequently Asked Questions
What does NOVAGOLD's 2024 Sustainability Report cover?
The report highlights NOVAGOLD’s ESG performance, focusing on health and safety, environmental responsibility, and community engagement.
How does NOVAGOLD engage with local communities?
NOVAGOLD focuses on collaboration with local stakeholders, ensuring their needs and priorities are considered in the development process.
What frameworks does NOVAGOLD align with for its sustainability practices?
NOVAGOLD aligns its practices with TCFD, TNFD, and GRI standards to ensure accountability and transparency in its sustainability initiatives.
What is the significance of the Donlin Gold project?
The Donlin Gold project is noted for its vast mineral resources and is expected to produce substantial amounts of gold, contributing to local economic growth.
Who is the CEO of NOVAGOLD?
Greg Lang serves as the President and CEO of NOVAGOLD, overseeing the company's strategic direction and commitment to sustainability.
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