With a profound sense of responsibility and mission, Zijin Mining Group closely aligns its own development with the destiny of humanity, deeply integrating international ESG governance principles with its modern operational management system. The Company is committed to becoming a “Green, High-Tech, Leading Global Mining Company”, contributing the “Zijin Power” to global sustainable development.
The Company has established a top-down ESG management structure led by the Board and an ESG management committee at the management level, with the President of the Company as its director. The members of the Committee include the President, Vice Presidents, and other senior management who are highly professional and diverse and who are in charge of ESG topics such as safety, environmental protection, business ethics, community relations, supply chain, product quality, and labor relations. They effectively promote and implement the ESG strategic work formulated by the Board and its subordinate committees and improve ESG performance.
To further strengthen the effectiveness of ESG work, during the reporting period, the Company set up an ESG office at its headquarters, forming a network of overall ESG management with the ESG specialists of its subsidiaries. The professional departments of the headquarters and those of the subsidiaries have formed their professional network of ESG management. Relying on the working group networks, we effectively delegate the ESG strategic goals and promptly deliver policy requirements to all levels. We have also formed a dynamic and effective risk prevention and communication mechanism that leads to great ESG practice.
Under the Board’s guidance, the ESG Management Committee is responsible for driving and implementing the Company’s ESG strategy set by the Board, aiming to improve overall ESG performance. Chaired by the Company’s President, the Committee comprises heads of departments responsible for safety, environmental protection, business ethics, community relations, supply Chain, and labour development. With its high level of expertise and diversity, this multifaceted background enables a more comprehensive approach to addressing sustainability challenges.
Our senior executives responsible for sustainability also receive direct reports from departments managing ESG, safety, environmental protection, and community engagement, ensuring coordination in addressing key issues. Subsidiaries are tasked with carrying out ESG management responsibilities and implementing the Company's sustainable development strategies. Additionally, Cross-functional ESG Working groups, formed across headquarters and subsidiaries, further enhance the consistent execution of the sustainability strategy.
Through this comprehensive governance structure and ESG network, Zijin not only promotes effective ESG practices but also remains agile and adaptive in a dynamic global environment, effectively managing sustainability risks.
In joint ventures not under Zijin Mining’s operational control, we collaborate with our partners to enhance ESG governance, manage risks, and achieve objectives. We engage with these joint ventures through participation in their boards, committees, and shareholders’ meetings, contributing to the formulation of key ESG strategic decisions. This involvement allows us to influence the joint ventures’ management teams, ensuring that their operational and governance standards align with Zijin Mining’s sustainability principles.
We enhanced and optimized our comprehensive Risk Management policies and mechanisms following the COSO Enterprise Risk Management (ERM) framework, defined our Risk Management objectives, integrated emerging stakeholders’ ESG concerns into the system, and further set out our key approaches, guidelines, processes, and responsibilities for ESG Risk Management.
Respecting stakeholders’ demands, we adhere to the principles of integrity, interaction, equality, and transparency. Constantly refining stakeholder participation mechanisms and communication methods allows us to better understand stakeholders’ expectations. This aids in defining the Company’s ESG strategy and material ESG issues, enabling stakeholders to participate effectively in the Company’s ESG governance.
During the reporting period, based on international standards and guidelines such as IFRS S1 and AA1000 Stakeholder Engagement Standard (AA1000SES), We regularly recorded, assessed, and reviewed our communications with stakeholders. We made timely improvements to our communication mechanisms based on stakeholder feedback, continuously enhancing the effectiveness and efficiency of our communication with stakeholders.