PanAust recognises that sustainable business development is essential for our ongoing success. We strive to ensure that our activities are financially profitable, technically appropriate, environmentally sound and socially responsible.
The Company’s Sustainability Policy clearly outlines the Company’s commitment to preserving and enhancing the environmental, social, technical and financial elements of the business.
PanAust measures its sustainability performance against international standards and commissions independent audits based on the Equator Principles and the International Finance Corporation’s Policy on Social and Environmental Sustainability. PanAust uses an Enterprise Risk Management process to identify all key material risks and audits and/or reviews against those risks are carried out regularly.
PanAust is an associate member of the Minerals Council of Australia (MCA) and a signatory to its ‘Enduring Value – The Australian Minerals Industry Framework for Sustainable Development’.
PanAust aligns with the intent of International Council on Mining and Metals principles on Climate Change Policy Design.
PanAust regularly presents at international forums on its leading practice management of acid generating material (acid rock drainage [ARD]).
Each year, PanAust reports in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards.