Monday, 28 June 2021 14:14

ESG

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Activities and reporting

Kropz pursues the development of quality rock phosphate exploration, mining and processing in support of the global fertiliser industry’s contribution to food security, worldwide.

The company does so, recognising, delivering on and reporting about its environmental, social and governance (ESG) responsibilities and accountabilities.

The logic and impetus for doing so are guided by the following:

  1. The mining industry is in the spotlight – the company must incorporate ESG in its business strategy
  2. Public markets – investor expectations and shareholder activism
  3. Risk management – climate, social and governance risks are business risks
  4. Access to capital – ESG is incorporated into the business decision
  5. Employee value – companies that value employees outperform
  6. Existential issues – ESG has become central to business strategy and viability
  7. Moral issues – it is the right thing to do
  8. Reputation – customer loyalty; linking company reputation, ESG scores and business performance
  9. Customer focus – ESG can drive consumer preference

Kropz works in line with the following United Nations Sustainable Development Goals:

UN Sustainable Development Goals [logo]
  • GRI goal 1 [icon]
  • GRI goal 3 [icon]
  • GRI goal 4 [icon]
  • GRI goal 5 [icon]
  • GRI goal 6 [icon]
  • GRI goal 8 [icon]
  • GRI goal 12 [icon]
  • GRI goal 15 [icon]

Kropz follows these principles:

Environment [icon] ENVIRONMENT

  • Environmental stewardship

    The company will ensure that environmental responsibility is at the core of how we work.

  • Biodiversity, land use and mine closure

    The company will work to ensure that fragile ecosystems, critical habitats and endangered species are protected from damage and we will plan for responsible mine closure. We design the mines with closure in mind, and aim to introduce concurrent rehabilitation and reduce closure liabilities.

  • Water, energy and climate change

    The company will improve the efficiency of our use of water and energy, recognising that the impacts of climate change and water constraints may increasingly become a threat to the locations where we work and a risk to our licence to operate. Where possible, we will design circuits to maxinise the re-cycle of water, the treatment of water and the minimise the consumption of fresh water.


Environment [photo]

Social [icon] SOCIAL

  • Safety and health

    The company will protect and promote the safety and occupational health of our workforce (employees and contractors) above all other priorities and empower them to speak up if they encounter unsafe working conditions.

  • Human rights and conflict

    The company will respect the human rights of our workforce, affected communities and all those people with whom we interact.

  • Labour rights

    The company will ensure that our operations are places where employees and contractors are treated with respect and are free from discrimination or abusive labour practices.

  • Working with communities

    The company aims to contribute to the socio-economic advancement of communities associated with its operations and to treat them with dignity and respect.


People [photo]

Governance [icon] GOVERNANCE

  • Ethical conduct

    The company will conduct its business with integrity including absolute opposition to corruption.

  • Understanding our impacts

    The company will engage with its stakeholders and implement management systems so as to ensure that it understands and manages its impacts, realise opportunities and provide redress where needed.

  • Supply chain

    The company will require that its suppliers conduct their businesses ethically and responsibly as a condition of doing business with Kropz.

    Further, The company’s governance activities and reporting are guided by The Quoted Companies Alliance Corporate Governance Code (2018 Edition) which sets out the following 10 principles:

    • Establish a strategy and business model which promote long-term value for shareholders
    • Seek to understand and meet shareholder needs and expectations
    • Take into account wider stakeholder and social responsibilities and their implications for long-term success
    • Embed effective risk management, considering both opportunities and threats, throughout the organisation
    • Maintain the board as a well-functioning, balanced team led by the chair
    • Ensure that between them the directors have the necessary up-to-date experience, skills and capabilities
    • Evaluate board performance based on clear and relevant objectives, seeking continuous improvement
    • Promote a corporate culture that is based on ethical values and behaviours
    • Maintain governance structures and processes that are fit for purpose and support good decision-making by the board
    • Communicate how the company is governed and is performing by maintaining a dialogue with shareholders and other relevant stakeholders

Governance [photo]

As an AIM-listed, Kropz must provide details on its website and in its Annual Report how it complies with the Code, where it departs from it and, where it departs from it, an explanation of its reasons for doing so.

Read 288 times Last modified on Friday, 08 October 2021 14:43

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