ROYAL ROAD MINERALS ENVIRONMENTAL POLICY
The company is committed to follow the Equator Principles and the International Finance Corporation (IFC) performance standards, the following policy statements are without prejudice to these principles and standards.
Royal Road’s Commitment to Sustainable Development
- Royal Road Minerals Limited believes that progress today should not compromise the future of the next generation.
- We have a strong social conscience and are committed to continuously raising the level of environmental, health and safety performance in all stages of project development and operation.
- To do so, we adhere to world-class environmental and social standards: the International Finance Corporation’s to meet the Equator Principles, the Global Reporting Initiative, OECD Guidance, the United Nations Guiding Principles on Business and Human Rights and the Voluntary Principles on Security and Human Rights.
- These globally recognized framework guide us in comprehensively managing the risks and impacts associated with our operations and in building strong relationships with our regulators and local communities.
- All our consultants and contractors should comply with these standards.
Environment: addressing risks and impacts with a focus on prevention and improvement
- Commitment to the environment is a top priority for Royal Road. This commitment is underpinned by an adaptive management system that allows us to thoroughly identify and control the environmental impacts stemming from our activities and integrate the environment into business planning and operations.
- From the earliest stages of exploration and throughout project planning, development, operation and closure, we place emphasis on anticipating, avoiding and preventing adverse environmental impacts and risks.
- Our approach to environmental management is one of continuously improving what we do. This can only be realized through communication, awareness and participation. We work with regulatory agencies and local communities to address environmental priorities and concerns in a transparent, participatory, open and constructive manner that help us evolve and adapt over time.
- Whenever impacts cannot be prevented, we focus on effectively mitigating and compensating them, and on potentiating the positive ones.
- We believe that responsible mining is a powerful instrument to promote legality and environmental protection. Under our policy and in line with the IFC Performance Standards, we have developed a sustainability framework with three areas for strategic action: Water Management, Biodiversity and Pollution Prevention and Control.
Our integrated sustainability framework
- Water, soil, air quality and biodiversity are not only important to communities and governments that host us; they are indispensable to, and inseparable from our operations.
- Therefore, as part of our commitment to sustainable development, we will implement Environmental Management Plans covering all aspects of operations in order to address all impacts and ensure an efficient use and the protections of those key resources.
- Under a changing climate; water stress, biodiversity loss, air pollution and soil degradation could intensify. Through smart, top-performing alternatives to protect these resources, we will be net contributors to building ecosystem and community resilience to the unavoidable impacts of climate change.
Managing water means planning for and acting in line with water-stressed as well as water-rich contexts now and in the future. We begin with an understanding of water’s state, dynamics and its links with people, and develop projects which do not degrade water resources that provide for or rely on them and the well-being and livelihoods of local communities.
Royal Road aims to achieve no significant impact on water as a result of its operations and commits to reducing its footprint to avoid, where possible, changes to existing water resources that impact on others. We will actively plan to maximise the efficient use of water during all stages of operation.
Biodiversity, business and society are intrinsically related and depend on each other. As such, our approach to biodiversity is that of responsible stewardship. In accordance to IFC’s Performance Standards 6, we will-commit to achieve “No Net Loss” (NNL) of biodiversity or of priority ecosystem services. Ecosystem services are the contributions of nature to people’s well-being. The provision of food, fresh water, construction materials and water purification and regulation are examples of ecosystem services that are critical to our business and local communities.
Our decision-making incorporates considerations on biodiversity conservation. This implies that we aim at avoiding the degradation of key ecosystems providing services to us and local communities; minimizing and compensating unavoidable impacts on biodiversity and maximizing the positive impacts of biodiversity interventions in close collaboration with our regulators and local communities.
Pollution Prevention and Control
Royal Road will manage its environmental footprint and avoid, where possible, legacy contamination from its sites. From the design stage, we will prevent air, water and soil pollution by means of efficient, cleaner design and operation alternatives. We will also integrate cutting edge pollution controls to protect air, soil, water while ensuring full compliance of regulations and standards.
The OECD Guidelines for Multinational Enterprises (MNEs) and the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.