UNDERSTANDING OUR STAKEHOLDERS
Our purpose is to create opportunities for all our stakeholders through gold mining. To do this, we must understand our stakeholder interests and needs, while communicating our purpose. Communication creates community and with regular engagement with our stakeholders we are able to create mutual long-term value and success.
FOCUS ON MAKING CENTAMIN A GOOD PLACE TO WORK
Centamin’s first priority is ensuring our workforce has a safe and healthy workplace. In 2019 our lost time injury frequency rate was 0.29 per 200,000 hours worked.
Employees are competitively remunerated and offered personal and professional development training.
To better understand our employees’ changing needs and expectations, with which to nurture a skilled and motivated workforce
Create a safe and healthy workplace
Develop a highly-skilled local workforce
HOW WE ENGAGE
Daily pre-start and toolbox meetings
Personal development. (including professional and managerial skills)
Code of conduct, improvement in standards, welfare and human rights
Grievance mechanisms and whistleblowing platform
Regular HR discussions about performance, salary levels, transparency and worker benefits
Voice of Sukari (launched in 2019), an employee engagement committees
Regular visits to operational hubs and operational leadership team visit corporate head office in Jersey
In our regular engagement with our employees, we continue to work hard to address some of the issues that remain on the agenda of any mining and exploration business, that is, safety, training and creation of meaningful employment opportunities for the local communities.
FOCUS ON JOB CREATION – PAYING COMPETITIVE SALARIES
The creation of value has been instrumental in Centamin’s operations and will continue to be, as this ultimately aligns with our strategic objective of creating value and opportunities for our stakeholder group.
- Maintain a strong licence to operate in all our countries of operation
- To share our vision and create mutual benefits.
- Meaningful economic contribution remains a key benefit for our host countries of operation
HOW WE ENGAGE
Engaging with the governments in the countries of operation to build on our efforts to align with international best practice for emergency preparedness:
- Regular formal and informal engagement with respective ministries, including Egyptian General Assembly.
- Routine on site representation from EMRA representatives and audits under the Concession Agreement terms
- Materiality assessment to ensure objectives are aligned
- Transparent profit sharing, royalty, permit, tax payments
- Direct job creation and indirectly through the supply chain
- Meetings with counsel ministers in Côte d’Ivoire
FOCUS ON COMMUNITY SUSTAINABILITY THROUGH INVESTMENT, EDUCATION AND EMPLOYMENT
Key to our communities is economic development and at Centamin we strive to support local communities with education and welfare initiatives. Over the year we have delivered new projects focused on development of sanitary and unpolluted water systems and aiding in the construction of local facilities such as schools and athletics grounds.
- To work in partnership with our local communities
- To make a lasting positive impact on the communities in which we operate through financial, logistical and educational support
HOW WE ENGAGE
- Open dialogue with the Sustainability, Security and Public Relations departments
- Site tours of the operations
- Grievance mechanisms
- Third-party community perception studies
- Sustainability performance
- Local community and the local government meetings with senior management
- Financial contributions and charitable donations
- Direct and indirect job creation
- Human rights, health, and climate change education
FOCUS ON CREATING LONG TERM SUSTAINABLE VALUE
Sustainability related expectations and climate change is at the heart of our shareholders and ours. Continuous dialogue has helped us set clear corporate strategy, objectives, capital allocation, operations and stakeholder relations that have high standards of ESG practices to benefit all parties.
- To continuously improve lines of communication
- To better communicate our ESG values and culture
- To continuously improve our disclosures in line with market best practices
HOW WE ENGAGE
- Regular regulatory announcements and press releases on material performance, including quarterly operational and sustainability reporting and biannual financial reporting
- Established public market corporate governance best practices
- Regular market presentations and interactive conference calls
- Site visits
- One-on-one meetings, investor conferences, and open market dialogue
- Annual Report and Sustainability Report
- AGM attended by key Directors
- Engagement with proxy advisory groups and shareholder stewardship teams
- Climate Change
Our working practices reflect a commitment to addressing climate change. We will continue to work hard to reduce emissions year on year
- Water management
We have a site-specific water management plan to ensure that we use water as efficiently as possible
- Corporate Governance
Whilst we have worked hard to deliver an ambitious board succession plan, we will continue to monitor the size, diversity in gender and skills of our Board
FOCUS ON MAINTAINING A TRUSTED TRACK RECORD WITH SUPPLIERS, CONTRACTORS AND REFINERS
A key issue for suppliers and contractors is the use of locally procured goods and services. To address this, Centamin conducts regular competitive tender processes to ensure mutually fair and reasonable supply contracts. The long life of the Sukari mine increases the likelihood of negotiating mutually beneficial contracts.
- To ensure our partners understand our values and expectations, adhering to the high standards we set for ourselves and the code of conduct with which we operate
- To better understand our partners perspectives and businesses to evolve a strong working relationship
HOW WE ENGAGE
- Tendering and procurement procedures
- Grievance mechanisms and whistleblowing platform
- Contractor induction and ongoing training on Centamin code of conduct, health and safety and operational standards
- Contractor management protocols
- Routine education on Modern Slavery Act, Anti-bribery and corruption policies and the prevention of Modern Slavery
- Compliance audits
- Open dialogue and regular meetings with onsite management and senior management