Progress in 2024
- Embedded the sustainability roadmap as the pathway
towards achieving longer-term sustainability goals - Calculated and published financed emissions data
for producing and near-term producing operators - Incorporated financed emissions metrics into our
TCFD disclosure - Improved Sustainalytics score to 7.7 (negligible risk)
and maintained MSCI rating at AA
2025 priorities
- Prepare for changes in UK statutory reporting
requirements - Further develop reporting and disclosure against
UN SDGs - Explore additional regulatory and voluntary
frameworks for biodiversity disclosures and TPT
disclosure requirements
As part of the Materiality Assessment, our key stakeholders provided feedback on the most relevant disclosure frameworks and sustainability ratings agencies for Ecora.
During the course of the year, the Ecora team engaged with both MSCI and Sustainalytics on the Group’s business model and approach to sustainability. Consequently, our MSCI rating improved from A to AA, and we also achieved an improved Sustainalytics score of 7.7 (negligible risk). Identified by our stakeholders as the key ratings agencies during the Materiality Assessment, we will continue to engage with MSCI and Sustainalytics, amongst others as appropriate, in 2025.
The Group submitted its second Communication on Progress as a UNGC Participant during 2024. Further details of the Group’s submission can be found at: www.unglobalcompact.org/what-is-gc/participants/150805-Ecora-Resources-PLC.
In line with our Sustainability Policy, we seek to promote responsible and sustainable mining across our portfolio. In order to do so, Ecora endorses the International Council on Mining and Metals’ (‘ICMM’) Ten Principles of Sustainable Development, which promote ethical and sustainable resource development. We also endorse other globally recognised mining standards such as the International Finance Corporation Performance Standards, the Equator Principles, the Voluntary Principles on Security and Human Rights, the UN Guiding Principles on Business and Human Rights, the World Gold Council’s Responsible Mining Principles and the Global Industry Standard on Tailings Management.
Senior members of Ecora management belong to industry associations in order to enhance their personal development in their fields of expertise.