We understand that in order for our key external stakeholders to make informed decisions, we must commit to publicly disclosing transparent, timely, meaningful and accurate information.
Our ESG Priorities
To communicate the ESG factors that could impact Centerra’s future financial and operational results, SASB’s Metals & Mining Industry Standard ESG topics and accounting metrics are used as the foundation for Centerra’s annual ESG Report.
In 2022, Centerra updated an ESG Issue Assessment to help
identify and validate its material ESG issues, including a
comprehensive mapping and peer benchmarking exercise. These issues include, in no particular order: health and safety; standards and assurances; climate change; water stewardship and management; biodiversity; diversity, equity and inclusion (DE&I); and human rights which were all identified as material to the Company.
Due to the nature of the mining industry, full issues assessments will be completed in three-year cycles with limited annual reviews completed to ensure any new and emerging topics are considered and reported on. The annual review will include media monitoring, internal risk assessments and any external feedback received but will not undertake a full stakeholder engagement exercise.
Annual Transparency Reporting on Government Payments
On an annual basis, we prepare and submit a report prepared in accordance with the Extractive Sector Transparency Measures Act (ESTMA), a Canadian legislation. This ESTMA report sets out payments we make to our host governments.
Centerra is a signatory of the Extractive Industries Transparency Initiative (EITI). The EITI contributes to improved governance in resource-rich countries through the verification and publication of all company payments to governments as well as government-reported revenues from oil, gas and mining. The EITI standard is implemented by signatory governments with an international multi-stakeholder structure at the core of the initiative.
Operating in jurisdictions that support accountability and transparency is key.