Taung Gold International Limited
Climate Impact & Sustainability Data (2018-04 to 2019-03, 2022-04 to 2023-03)
Reporting Period: 2018-04 to 2019-03
Environmental Metrics
Total Carbon Emissions:15.150.5 kg CO2e
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:214,454 kWh
Water Consumption:311 m3
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental protection
- Employee rights and safety
- Community investment
- Anti-corruption
Environmental Achievements
- Adhered to sustainable development principles, clean production, and environmental friendliness; complied with local environmental laws and regulations.
- Adopted strategies for business travel, energy, and water conservation; implemented waste recycling measures.
Social Achievements
- Implemented a health and safety management system ('Taung Gold Safety Way'); provided occupational health and safety training and protective equipment.
- Established employment policies promoting a fair and respectful workplace; offered competitive salaries and benefits.
Governance Achievements
- Adopted anti-corruption, anti-money laundering, and whistle-blowing policies; established a Code of Conduct.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Projects in pre-construction phase with limited operational data; challenges in raising funds for large mining projects.
- Uncertainty in global markets and potential supply chain disruptions.
Mitigation Strategies
- Phased approach to projects to reduce capital funding and construction time; monitoring foreign exchange exposure and considering hedging.
- Strong relationships with stakeholders; effective communication mechanisms.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Policy for choosing suppliers and subcontractors with sound environmental and social responsibility measures.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Carbon Emissions:38.71 kgCO2e
Scope 1 Emissions:4.80 kgCO2e
Scope 2 Emissions:33.91 kgCO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:53.83 MWh
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Greenhouse gas emissions
- Hazardous waste
- Electricity and water saving
- Climate change
- Employment
- Air emissions
- Non-hazardous waste
- Environmental and nature resources
- Health and safety
- Packaging material
- Labour standards
- Product responsibility
- Community investment
- Development and training
- Supply chain management
- Anti-corruption
Environmental Achievements
- Adhered to sustainable development, clean production, and environmental friendliness principles. Complied with local environmental laws and regulations and international practices. Obtained a waste management license for the Jeanette Project.
Social Achievements
- Implemented activities under the second Social & Labour Plan for the Jeanette Project to alleviate poverty in the area. Maintained good relationships with surrounding communities through regular meetings.
Governance Achievements
- Complied with all Code Provisions of the CG Code. Adopted the Model Code for Securities Transactions by Directors of Listed Issuers. Established audit, nomination, remuneration, and technical, safety and environment committees.
Climate Goals & Targets
Long-term Goals:
- Mining operation, extraction, and processing of gold ore for the Jeanette Project (2028–2049)
- Mining operation, extraction, and processing of gold ore for the Evander Project (2032–2049)
Medium-term Goals:
- Construction of the Jeanette Project mine and associated infrastructure (3rd quarter 2025 – end of 2027)
- Research on mining plans for the Evander Project including dewatering operation (3rd quarter 2025– 4th quarter 2025)
Short-term Goals:
- Identifying, negotiating, and finalising financing arrangements with financiers for the Jeanette Project (3rd quarter 2024 – 2nd quarter 2025)
Environmental Challenges
- Ongoing travel restrictions to China caused by the COVID-19 pandemic delayed finalizing the Basic Design agreement for the Jeanette Project. Severe economic impact of the pandemic and lockdown on communities around the Jeanette Project.
- Potential climate-related physical risks (changes in weather patterns, extreme weather events) and transition risks (regulatory changes, market shifts) to the mining projects.
Mitigation Strategies
- Resumed discussions with MCC on fundraising and Basic Design of the EPC contract after travel restrictions were lifted. Implemented activities under the second Social & Labour Plan to alleviate poverty. Evaluated possible weather conditions that may suspend business operations and took precautions against flooding.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Prioritizes green products and services. Considers BEE rating and carbon emissions of potential suppliers and subcontractors in South Africa.
Climate-Related Risks & Opportunities
Physical Risks
- Changes in weather patterns, increases in frequency and intensity of extreme weather events
Transition Risks
- Regulatory changes, market shifts
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed