Sustainability

The UN Principles for Responsible Investment: Greenfield Exploration SpA Commitment to Communities

In a world where sustainability and social responsibility are increasingly important values, Greenfield Exploration SpA has based its business strategy on the United Nations Principles for Responsible Investment (PRI).

The adherence to the UN’s PRI demonstrates our commitment to ethical and sustainable business practices. These principles establish a robust framework for companies to manage environmental, social and corporate governance risks in a responsible way. By embracing these principles, Greenfield Exploration SpA acknowledges that its success is not only based on the mineral resource extraction, but also on the creation of local value for the communities.

The primary focus of Greenfield Exploration SpA on environmental sustainability has a direct impact on the communities. As a company, we strive to minimize the negative impacts on the natural environment, implementing measures for water conservation, waste management and protection of the biodiversity. This, not only guarantees that natural resources are used responsibly, but also preserves the quality of life of local communities, avoiding contamination and environmental degradation of their territories.

Additionally, the PRIs promote corporate social responsibility, which means that as Greenfield Exploration SpA we must commit to the well-being of the communities in every activity we engage in. We want to work closely together with the communities, listen to their concerns, respect their rights, and provide employment and economic opportunities for their development.

Transparency and accountability are also fundamental aspects of the PRIs that benefit neighboring communities. At Greenfield Exploration SpA, we are engaged with an open and honest communication, which includes reporting on the operations, their impacts and mitigation plans. This fosters an environment of trust and collaboration between us and the local stakeholders, facilitating a constructive dialogue and the opportunity to effectively address any concerns that may come up.

In short, our adherence to the UN Principles for Responsible Investment is a testament of our commitment with the sustainability and well-being of the communities. By following these principles, Greenfield Exploration SpA demonstrates its ethical approach and responsibility towards the environment, not only seeking to extract resources efficiently, but also striving to create shared value by improving the quality of life of the communities and leaving a positive long-term legacy.

Mining exploration industry committed to the Sustainable Development Goals

Nowadays, the mining industry is going through a crucial point in its evolution, and Greenfield Exploration SpA, is not oblivious of this momentous change. As the environmental and social challenges continue to be a matter of importance worldwide, we find it imperative to assume our responsibility and commit ourselves to sustainable patterns. In this sense, the adoption of the Sustainable Development Goals (SDG) is presented as a valuable opportunity for us, promoting in the first instance the goals below:

Goal 6: Clean water and sanitation:

We know that the mining sector has a close dependency on water, both during the extraction and the processing of minerals. Therefore, it is vital to commit to SDG 6, by implementing responsible practices that minimize water consumption, improve the management of water resources and protect water quality in the areas where we operate. For example, promote the use of seawater during the mineral processing in Chile, instead of using freshwater from rivers and canals in the basin.

Goal 7: Affordable and clean energy:

Mining exploration plays a fundamental role in energy production, since many of the natural resources necessary for the generation of electricity and fuels come from minerals and metals. By aligning with SDG 7, we seek different ways to use energy more efficiently, reducing its environmental impact and promoting the use of renewable energy sources in our operations.

For example, the processing of minerals accounts for roughly ten percent of Australia’s total energy use.

Goal 12: Responsible production and consumption:

At Greenfield Exploration SpA we want to address SDG 12 by adopting sustainable production practices, promoting efficiency in the resources use, reducing the amount of waste and promoting reuse and recycling of waste materials. We believe that this is an opportunity to lead the implementation of circular business models, where waste is turned into resources, thus creating a positive impact on the environment and the society.

Goal 13: Climate action:

We cannot be oblivious to climate change, so it is essential to focus on SDG 13, reduce our carbon footprint and adopt patterns that mitigate climate change. This implies the implementation of cleaner technologies, the reduction of greenhouse gas emissions and the promotion of reforestation and conservation of natural ecosystems.

For example, supporting CONAF with the promotion of plant nurseries, reforestation and agriculture in the desert, with the purpose of helping communities to have their own and independent source of food sustenance and, on the other hand, the roots help the plants to maintain firmness of the land in case of floods during the highland winter.

In summary, we feel that Greenfield Exploration SpA has a unique opportunity to lead the change towards a more sustainable future, aligning with the Sustainable Development Goals. By incorporating the SDGs into our business strategies, we strengthen our commitment to sustainable development and generate a positive impact on the environment and the local communities.

Responsible and sustainable mineral exploration is a long-term investment that can promote socio-economic development, preserve biodiversity and ensure a lasting legacy for future generations.

It is time for all companies to assume their role as a change agent and fully commit to the Sustainable Development Goals.

The Importance of Applying ESG Criteria at Greenfield Exploration SpA

The mining exploration industry, activity carried out by Greenfield Exploration SpA, prioritizes that we act responsibly on environmental, social and corporate governance (ESG) criteria. Moving towards a sustainable future, we, mining companies, must recognize the importance of applying ESG criteria in all our operations.

The term ESG has gained growing interest in the business and financial world, and with good reason. It is not only about complying with government regulations and international standards, but it is also a key strategy to maintain a competitive advantage in a market that is increasingly aware of the environmental and social challenges today.

First of all, the adoption of ESG criteria benefit mineral exploration companies by ensuring the long-term sustainability of their operations. Mining is an activity that can have a significant impact on the environment and local communities. Therefore, by implementing practices that respect the environment, such as the reduction of carbon emissions, the responsible water management and protection of biodiversity, the mining companies can minimize their carbon footprint and ensure the continuity of their activities over time.

In addition, ESG criteria encourage proper management of the social and labor aspects of the mining industry. This means ensuring safe and healthy conditions for workers, promoting diversity and inclusion in the workplace, respecting human rights, and maintaining a transparent and constructive communication with the local communities. These practices also improve the reputation and legitimacy of the mining businesses with the different interest parties.

In terms of corporate governance, ESG criteria contribute to strengthening transparency and accountability in the mining industry. By setting up clear policies, having solid governance structure and proper risk management, companies can build trust among investors and shareholders.

It is worth to highlight that adopting ESG criteria in the mineral exploration industry is not only an ethical and responsible matter, but also an opportunity for innovation and development of more sustainable solutions. The use of clean and efficient technologies, such as renewable energy and digital mining, can also help reduce the environmental impact and improve the operational efficiency of the mining companies.

In conclusion, for the mining exploration companies, the implementation of ESG criteria has become essential in a constantly evolving social and business environment. By implementing sustainable, responsible and transparent practices, these companies can guarantee their long-term viability, minimize the risks associated with their activity and contribute positively to the sustainable development of the communities where they operate. Investing in ESG criteria not only is a wise decision, but also a commitment to a more responsible and equitable future for all.