Governance
A LEADERSHIP COMMITTED TO OUR PEOPLE
Strong corporate governance policies and processes enable Centerra to effectively manage and oversee ESG-related risks and opportunities and create long-term value for the Company.
We have instituted robust governance systems to ensure decision making throughout the Company is consistent with our values, policies, standards and procedures.
Our governance model encompasses ethics, risk management, compliance with regulatory and legal requirements, and administrative actions taken to meet our requirements.
Click here for more information on our values.
Sustainability Governance Structure
Our Board of Directors plays a critical role in defining Centerra’s priorities. Centerra’s Board of Directors has oversight of all ESG factors, including climate-related risks and opportunities. Our Board considers ESG management a priority and an integral piece of our corporate strategy.
Our Board of Directors and the Committees it comprises are structured so that there is majority independence from Management and no conflicts of interest. This helps support the Board’s role in providing critical monitoring and oversight and reduces the potential of any conflicts of interest.
To ensure that the Board understands key emerging trends and risks related to ESG, members of the Board receive awareness training on relevant frameworks, standards and topics. Over the last few years, Board members have received training on the World Gold Council’s Responsible Gold Mining Principles and the Voluntary Principles on Security and Human Rights, among other topics.
Executive and Senior Leadership Commitment
Our Executive and Senior Leadership Team are accountable for ensuring that Centerra meets its ESG priorities. As necessary, the ESG team meets directly with the Executive Team to discuss progress and make decisions related to the Company’s overall ESG performance, including human rights and climate change-related work.
At each active operating site or region, there is a Director or Manager appointed to oversee environmental and social matters. They are actively involved in managing site ESG issues, including climate change and other initiatives which are led from the corporate office. These individuals are supported by environmental experts, consultants and academic specialists, and report to the regional leader or General Manager of the site.
To demonstrate our commitment to our ESG practices, our corporate short-term pay performance is linked to annual sustainability goals, specifically health and safety, environment and maintaining our social licence to operate.