Climate Change Data

Gemfields Group Limited

Climate Impact & Sustainability Data (2020)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:44,800 tCO2e (2019); 16,383 tCO2e (2020)
Scope 1 Emissions:24,063 tCO2e (2019); 6,152 tCO2e (2020)
Scope 2 Emissions:2,823 tCO2e (2019); 1,917 tCO2e (2020)

ESG Focus Areas

  • Responsible sourcing
  • Community development
  • Health and safety
  • Environmental rehabilitation
  • Climate change

Environmental Achievements

  • Planted 350 saplings at MRM to rehabilitate 1.3 hectares of backfilled area
  • Planted 234 saplings at Kagem to rehabilitate 0.37 hectares of dump sites
  • Completed a GHG emissions footprint calculation and disclosure (Scope 1 & 2)

Social Achievements

  • Launched Gemfields Foundation to support community and conservation projects in Africa
  • Completed construction of 105 houses and public infrastructure for the Resettlement Action Plan (RAP) at MRM
  • Donated an ambulance to Namanhumbir health centre in Mozambique
  • Continued vocational training at MRM's Vocational Training Centre (VTC)
  • Implemented financial literacy training for communities near MRM
  • Supported COVID-19 prevention efforts through donations of health and sanitation materials and awareness campaigns in Zambia and Mozambique

Governance Achievements

  • Improved broker coverage through finnCap and Liberum
  • Relinquished redundant Bermudan listing
  • Reviewed Articles of Incorporation to align with market practice and improve corporate governance
  • Engaged with activist shareholder group to address concerns regarding Articles and executive remuneration
  • Revised remuneration arrangements and will put forward revised Remuneration Policy for shareholder approval at 2021 AGM

Climate Goals & Targets

Long-term Goals:
  • Full alignment with TCFD
Medium-term Goals:
  • Expand and improve data collection for GHG emissions reporting
Short-term Goals:
  • Complete construction of Masasa Primary School in Zambia

Environmental Challenges

  • COVID-19 pandemic severely impacted operations, auctions, and market conditions
  • Suspension of mining operations at Kagem and MRM
  • Restrictions on travel and movement of goods
  • Inability to hold traditional auctions
  • Insurgency in Cabo Delgado province, Mozambique (indirect impact on MRM)
  • Increased illegal mining activity near MRM due to displaced persons
  • Security risks and political instability in Ethiopia (impact on WGM)
Mitigation Strategies
  • Introduced online auction platform for emeralds and rubies
  • Implemented cost-saving measures, including salary reductions and operational suspensions
  • Continued essential services and security at suspended operations
  • Implemented COVID-19 control programs at MRM and Kagem
  • Developed strategies for site safety and workforce protection in Mozambique
  • Monitored the situation in Cabo Delgado and engaged with Mozambican authorities
  • Provided humanitarian assistance to artisanal miners near MRM
  • Provided support to local communities near WGM in Ethiopia

Supply Chain Management

Responsible Procurement
  • Supporting efforts to communicate responsible sourcing to consumers

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Increased temperatures
  • Higher humidity and heat

Reporting Standards

Frameworks Used: King IV, IFRS, SAMREC Code (2016 edition), JORC (for Kagem), TCFD (voluntary alignment)

Certifications: ISO 9001 (MRM - 25% implemented), ISO 14001 (MRM - 25% implemented), ISO 45001 (MRM - 25% implemented)

Third-party Assurance: BDO LLP

UN Sustainable Development Goals

  • SDG 1
  • SDG 2
  • SDG 3
  • SDG 4
  • SDG 5
  • SDG 15

Initiatives align with SDGs to address poverty, hunger, health, education, gender equality, and land conservation.