In This Article:
Kenmare Resources plc
(“Kenmare” or “the Company”)
8 April 2022
Publication of 2021 Sustainability Report and inaugural Climate Strategy Report
Kenmare Resources plc (LSE:KMR, ISE:KMR) today announces the publication of its Sustainability Report and its inaugural Climate Strategy Report for the year ended 31 December 2021 and advises that both reports are available on the Company's website at www.kenmareresources.com/investors/reports-and-presentations.
2021 key sustainability highlights:
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Lowest ever Lost Time Injury Frequency Rate (LTIFR) achieved in 2021 of 0.03 per 200,000 hours worked, an improvement of 88% compared to 2020 (0.25)
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Kenmare’s Climate Policy approved by the Board and ambition to be Net Zero by 2040 established
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Over 90% of electricity requirements in 2021 were generated from renewable (hydroelectric) sources (2020: 90%)
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198 hectares of mined land rehabilitated (2020: 181 hectares)
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At year-end, 97% of employees at the Moma Mine were Mozambican (2020: 97%), with 83% of Moma management roles (supervisor and above) held by Mozambicans, including the General Manager (2020: 80%)
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At year-end, female employees represented 12.5% of the Mine workforce, up from 10.6% in 2020
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$2.3 million of continued investment was made into local communities through the Kenmare Moma Development Association (KMAD) (2020: $2.0 million)
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$26.5 million of payments to the Government of Mozambique (2020: $20 million)
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Kenmare was named as the most transparent company in Mozambique for the second consecutive year by the Centro de Integridade Pública (CIP) Extractive Industry Transparency Index
The 2021 Sustainability Report, aligned with the Global Reporting Initiative standards, aims to assist stakeholders to further understand our business by providing transparent demonstration and disclosure of Kenmare’s sustainability performance. The Company reports its performance against its 2021 sustainability targets, which were detailed in the 2020 Sustainability Report, and sets new targets for 2022 and 2025.
The 2021 Sustainability Report also outlines the strategy, policies, and management approach of Kenmare's longstanding and on-going commitment to sustainability. These efforts are underpinned by the corporate values of Integrity, Commitment, Accountability, Respect and Excellence (ICARE) and Kenmare’s purpose of “responsibly meeting global demand for quality-of-life minerals.”
The 2021 Climate Strategy Report is aligned with the recommendations of Task Force on Climate-related Financial Disclosures (“TCFD”) and contains our disclosures in this regard. Kenmare supports the aims of the TCFD and believes businesses should communicate the risks and opportunities that climate change presents.