Mayfair Gold achieves 'A' ESG assessment with Digbee's guidance, aims even higher
London, UK
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March 08, 2024 10:55 AM Eastern Standard Time
Mayfair Gold CEO Patrick Evans and Digbee Ltd founder and CEO Jamie Strauss joined Proactive's Stephen Gunnion to discuss the significant progress Mayfair has made in enhancing its environmental, social, and governance (ESG) systems and performance.
Since its inception three years ago, Mayfair Gold has consistently worked with Digbee to develop and refine its internal ESG frameworks. This collaboration has yielded positive results, with Mayfair Gold's ESG assessment scores improving from a double B to an A rating in 2023. This improvement is a testament to the company's commitment to continuous improvement and its responsiveness to feedback from Digbee. Evans noted that the focus on ESG has not only been beneficial internally but has also enhanced Mayfair Gold's engagement with a wide range of stakeholders, including investors, regulators, community members, and business partners, demonstrating the company's dedication to ESG principles.
In the next 12 months, Mayfair Gold aims to further enhance its ESG performance by integrating environmental monitoring and diversity initiatives into its operations. The company plans to commence a pre-feasibility study on the Fenn-Gib gold project, incorporating water and atmospheric monitoring to inform its engineering studies and improve its ESG reporting. Additionally, Mayfair Gold is actively working to increase diversity within its workforce and board of directors, recognizing the value of diverse perspectives in risk mitigation and decision-making.
Strauss explained that the evolving landscape of sustainability in the mining industry underscores the importance of continuous improvement in ESG practices. Companies like Mayfair Gold differentiate themselves by committing to transparency, responsibility, and sustainability, aligning with the sector's broader commitment to net zero and responsible mining. This approach not only benefits the environment and communities but also positions companies favourably in the eyes of investors and stakeholders, as the industry moves towards more sustainable and responsible mining practices.
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