Climate Change Data

Environmental Metrics

ESG Focus Areas

• Operational Excellence
• Eco-Efficiency
• Community Development
• People and Culture
• Responsible Management

Environmental Achievements

• Partnered with a local recycling company in Ghana to recycle plastic water bottles into sleeping mats.
• Donated GHc100,000 to support Ghana’s Green Ghana Project reforestation program.
• Reduced total energy consumption from 548,643 GJ in 2019 to 377,268 GJ in 2020.

Social Achievements

• Achieved zero lost time injuries (LTI) in 2020.
• Donated mechanized boreholes to two communities in Ghana, providing safe drinking water to approximately 600 people.
• Supported several schools, health and social organizations, and infrastructure projects with financial contributions totaling $132,007.

Governance Achievements

• Received the 2020 Millennium Excellence Award for Mining and Exploration.
• Maintained 100% employee acknowledgement of the code of conduct.
• Zero monetary and non-monetary fines related to non-compliance.

Climate Goals & Targets

Environmental Challenges

• Economic upheaval created by the COVID-19 pandemic.
• Security risks associated with operating in West Africa, Zambia, and Peru (armed robbery, terrorism, etc.).

Mitigation Strategies

• Strictly enforced COVID-19 policies and procedures.
• Worked with highly trained security experts to identify, monitor, reduce, and mitigate security risks.

Supply Chain Management

Responsible Procurement

• Preference for local suppliers to support local economy.
• Long-term relationships with international suppliers for critical components.

Climate-Related Risks & Opportunities

Opportunities

• Investing in renewable energies and energy-efficient technology.

Reporting Standards

Frameworks Used: GRI, SASB

UN Sustainable Development Goals

• Goal 1: No Poverty
• Goal 2: Zero Hunger
• Goal 3: Good Health and Well-being
• Goal 5: Gender Equality
• Goal 8: Decent Work and Economic Growth
• Goal 13: Climate Action
• Goal 16: Peace, Justice and Strong Institutions

Geodrill's initiatives contribute to these goals through local employment, community development projects, health and safety programs, diversity and inclusion efforts, and environmental initiatives.

Awards & Recognition

• 2020 Millennium Excellence Award for Mining and Exploration

Environmental Metrics

ESG Focus Areas

• Sustainable water and energy solutions

Environmental Achievements

• Converted company’s head office in Accra, Ghana, to solar power

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Operational Excellence
• Eco-Efficiency
• Community Development
• People and Culture
• Responsible Management

Environmental Achievements

• Zero incidents of non-compliance associated with water quality permits, standards, and regulations in 2022 and 2021.
• Partnered with a local recycling company in Ghana to recycle plastic water bottles into value-added products.
• Donated to Ghana’s national tree-planting program to offset carbon emissions.
• Implemented measures to prevent water contamination and use biodegradable drilling fluids.

Social Achievements

• Zero lost time injuries (LTI) in 2022.
• Provided extensive training and career opportunities, lifting unskilled workers out of poverty.
• Supported various community projects including schools, education centers, health and social organizations, and infrastructure works.
• Maintained 90% local supplier usage in 2022.

Governance Achievements

• Maintained 100% employee acknowledgement of the code of conduct in 2022 and 2021.
• Zero monetary and non-monetary fines related to non-compliance with social, economic, or environmental regulations in 2022 and 2021.
• Strengthened anti-bribery policies and procedures.

Climate Goals & Targets

Environmental Challenges

• Operating in regions with risks such as armed robbery, terrorism, and political violence.
• Attracting and retaining women in traditionally male-dominated roles.

Mitigation Strategies

• Working with highly trained security experts to mitigate security risks.
• Implementing strategies to increase the number of women in employment and help them climb the career ladder, including reserving specific roles for women and introducing a traineeship specifically for female drillers.

Supply Chain Management

Responsible Procurement

• Preference for local suppliers to support the local economy.
• Long-term relationships with international suppliers for critical components.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB

UN Sustainable Development Goals

• Goal 1: No Poverty
• Goal 2: Zero Hunger
• Goal 3: Good Health and Well-being
• Goal 5: Gender Equality
• Goal 8: Decent Work and Economic Growth
• Goal 13: Climate Action
• Goal 16: Peace, Justice and Strong Institutions

Geodrill's initiatives contribute to these goals through local employment, community development projects, health and safety programs, gender equality initiatives, economic growth support, environmental sustainability efforts, and responsible governance practices.

Awards & Recognition

• Australia-Africa Minerals & Energy Group (AAMEG) Africa Award for Best Workforce and Industry Development Initiative (2020)
• Shortlisted for ESG Impact Initiative of the Year at Mines and Money, London (2022)
• Millennium Excellence Award for Mining and Exploration (2020)

Environmental Metrics

ESG Focus Areas

• Operational Excellence
• Eco-Efficiency and Climate Change
• Community Development
• People and Culture
• Responsible Management

Environmental Achievements

• Zero lost-time injuries in 2023
• Donation to Ghana's Green Ghana Project for reforestation
• Implementation of water-based biodegradable drilling fluids
• Initiatives to reduce paper consumption and recycle waste materials (plastics turned into sleeping mats)
• Phasing out diesel-powered vehicles by investing in electric vehicles

Social Achievements

• Zero lost-time injuries in 2023
• Significant investments in training and development programs, lifting unskilled workers out of poverty
• Support for various community initiatives including orphanages, schools, and shelters
• Construction of boreholes for potable water in local communities
• Support for health programs and facilities in operating communities

Governance Achievements

• Award of prestigious ESG award from the Australia-Africa Minerals Group (AAMEG)
• Formalization of accountability for ESG practices at executive, board, and management levels
• Strong corporate governance standards, including a Code of Business Conduct and Ethics, Whistleblower Policy, and Diversity Policy
• Zero monetary and non-monetary fines related to non-compliance with social, economic, or environmental regulations in 2023
• 92% of suppliers are local

Climate Goals & Targets

Environmental Challenges

• Operating in regions with security risks (armed robbery, terrorism, etc.)
• Limited number of women in the workforce, particularly in operational roles
• Reducing GHG emissions and energy consumption
• Managing waste and hazardous materials responsibly

Mitigation Strategies

• Working with highly trained security experts to mitigate security risks
• Implementing strategies to increase the number of women in employment and promote their career advancement
• Investing in renewable energies and energy-efficient technology
• Implementing responsible waste management practices, including recycling and proper disposal

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Preference for local suppliers (92% in 2023)
• Supplier requirements for responsible environmental management

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, SASB

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 1: No Poverty
• Goal 2: Zero Hunger
• Goal 3: Good Health and Well-being
• Goal 5: Gender Equality
• Goal 13: Climate Action
• Goal 16: Peace, Justice and Strong Institutions

Geodrill's initiatives contribute to these goals through local employment, community development projects, health and safety programs, gender diversity initiatives, environmental sustainability efforts, and ethical governance practices.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• ESG award from the Australia-Africa Minerals Group (AAMEG)