We are committed to a new model of exploration and mining for a new world, one which reduces environmental impact, benefits communities and contributes to the development of countries. We are working on this through operating in accordance with national and international standards while also seeking to push the boundaries of sustainability performance - identifying new approaches and trialing innovative initiatives to change the mining paradigm.
From the first interaction with a community, and the first footstep on the ground, Royal Road Minerals operates in accordance with the Company's social, environmental, health and safety and human resources policies which aim to minimise adverse impacts and maximise benefits. These policies cover the responsible management of water, biodiversity, pollution prevention, cultural heritage, human rights and stakeholder engagement.
Beyond the company's policies, we are also committed to operating in compliance with the Equator Principles - the risk management framework adopted by leading financial institutions to assess and manage social and environmental risk in project finance.
As part of the effort to develop a new type of exploration and mining for a new world, RRM believes there is a great opportunity to link our economic, social and environmental performance to the achievement of the United Nations Sustainability Development Goals (SDGs) to eradicate poverty, protect the planet and reduce inequality.
Responsible environmental management is a cornerstone of RRM's operational approach. The RRM Environmental Policy provides the basis for practices seeking to minimize and mitigate adverse environmental impacts in accordance with leading international practice. Beyond this however, RRM is looking to application of new technologies that will further reduce environmental impacts. Recognizing that it is not possible to undertake exploration and mining activities with zero impact, we work with our host communities and regulators to monitor the impacts we generate and transparently report on our performance.
Biodiversity is the variety and variability of life on Earth. Through exploring in remote and varied areas, mining companies can be exposed to areas of high biodiversity value. RRM considers the conservation and responsible management of biological diversity a key business and societal issue. The company's approach is one of responsible environmental stewardship. It therefore aims to develop projects which achieve "no net loss" (NNL) of biodiversity or priority ecosystems services. It further aims to develop projects which do not degrade ecosystems, both those upon which the project relies (e.g. water supply) and those upon which others depend for their well-being or livelihood.
Water plays a vital role in sustainable development and water security is a growing global concern. Royal Road Minerals aims to develop projects in a manner which minimizes the use of water across each stage of project development. Technology and smarter approaches to mining are increasingly generating opportunities to reduce the water footprint of mines.
We also seek to minimize impacts to other water users through careful management of both water consumption and water quality.
Royal Road will actively plan for exploration, construction, operation, closure and reclamation of each new project from the design stage. The prevention of pollution is embodied in the company's Environmental Management Plans and RRM commits to managing its environmental footprint to avoid, to the extent possible, contamination from its sites.
The Royal Road Accelerator is a 100% owned subsidiary of Royal Road Minerals Ltd. It is a commercial enterprise, which identifies, incubates and commercializes potentially dividend-paying businesses which greatly benefit the rural communities in and around Royal Road Minerals' exploration and development projects
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