ESG FAQs
Please find frequently asked questions regarding sustainable development below.
Solidcore annually discloses qualitative and quantitative information on ESG in the Sustainability Chapter of Integrated Report which is prepared in accordance with the GRI SRS and SASB Standard and is aligned with TCFD recommendations. Our recent sustainability disclosure and all related data on Solidcore’s assets in Kazakhstan are assured by Ernst & Young Advisory LLP.
In the Integrated Annual Report 2023, sustainability-related information is presented for the entire Group as it stood prior to disposal of Russian assets in March 2024 with detailed sustainability figures for Solidcore’s assets in Kazakhstan presented in the Sustainability data annex.
For detailed historical quantitative data on the sustainability performance of Solidcore Resources plc and its current asset portfolio, you can also download our Sustainability Datapack .
All of the above can be found in the Data Center via the link.
Our Code of Conduct, as well as Human Rights, Community Engagement, Environmental, Climate, Health and Safety, Anti-Bribery and other policies are available at our website.
We have identified key impact areas of mining and we are working to maximise our positive and minimise any negative impacts, aligning them to the UN Sustainable Development Goals and setting targets to measure our progress. Explore our Impact and the UN SDGs Report via the link .
Solidcore’s ESG performance is regularly assessed by the world’s leading agencies and raters. The current scores are reflected in our most recent Integrated Report and in Sustainability section of our website.
To date, there have been no environmental accidents involving tailings facilities at the Company’s operations. Our investigations confirmed that any emergency failure at our dams would have no impact on settlements, buildings, structures or facilities where communities or employees may be present.
To eliminate any environmental risks related with tailings, each TSF undergoes rigorous daily monitoring and inspection, including checks on pipelines, pump stations, water levels and dams. Management reviews their current state monthly, while government agencies regularly assess compliance with safety regulations.
We are dedicated to ensuring that all our operations related to TSFs comply with the Global Industry Standard on Tailings Management (GISTM), and highly value the initiatives of the Global Tailings Management Institute in enhancing environmental sustainability and advocating for best practice within the mining industry. In accordance with the GISTM, we have implemented a Tailings and Hydraulic Facilities Management Policy and appropriate internal standards across all our facilities with TSFs, incorporating the fundamental principles outlined by GISTM. Additionally, we conduct annual reporting with detailed information on the status of our TSFs, which is available in our Integrated Report 2023.
Evaluation of climate risks is an integral part of our strategy and decision-making across project life cycles, from scoping to operations and reclamation. The risk analysis complies with recent TCFD guidance, and includes three climate scenarios that correspond to the baseline goals of the Paris Agreement.
The key physical risks for Solidcore associated with heat or cold waves, hurricanes and water scarcity. We are particularly attentive to these risks and, to address them, we have adopted a comprehensive Climate Action Plan covering all our assets in Kazakhstan. At the same time, climate risks associated with permafrost are currently not relevant for Solidcore due to the disposal of Russian business and all the permafrost-located assets.
As of the end of 2023 and in the short term, the current impact of climate-related issues on the financial position of the Company, based on the results of scenario analysis, is assessed as insignificant and does not exceed 1% of Adjusted EBITDA.
For more information on our relevant climate-related risks and Climate Action Plan, please see our recent Integrated Report.