ESG risk evaluation management essential throughout the investment.
- Identify, analyse and evaluate critical ESG factors and identify critical risk mitigation requirements
- Ensure no fatal flaws which could cause reputational, stakeholder, or environmental damage
- Align management with the Fund’s ESG philosophy (including resource stewardship, diversity, community support)
- Define ESG goals and targets to implement mine closure
- Ensure structures and systems are adequate to monitor progress
- Baseline ESG systems & structure to measure ESG performance if investment is made
- Compile ESG qualitative and quantitative data across portfolio
- Report on aggregated ESG metrics & KPIs on a quarterly and yearly basis
- ESG committee to review performance and suggest actions
- Comply with SFDR, PRI
- Promote industry best practice
- Align LMRC portfolio requirements & annual reporting with ESG reporting frameworks & standards
- ESG improvement action plan in the year following the investment with appropriate KPI’s to articulate ESG performance
- Software supported management operating system aligned with mining standards & permits
- Continuously monitor ESG with data driven & tech supported management systems to ensure conformity with industry standards & compliance requirements
- Set relevant & meaningful ESG targets at portfolio company boards level
- Mandatory incident and corrective action reporting
- Mandatory decarbonisation strategy