Eurasian Resources Group enters into a principal agreement with China's NFC to complete the construction of its project in Africa; EXIM and ICBC to support the financing, Sinosure to provide the insurance
Eurasian Resources Group establishes ESG Committee
Eurasian Resources Group (“ERG” or “The Group”), a leading diversified natural resources group announces the establishment of a dedicated Environmental, Social, and Governance (ESG) Committee with the aim of fully incorporating sustainability practices into the Group’s strategy and decision-making processes. The new Committee serves as a testament to ERG’s commitment to long-term sustainability and to realising the UN Sustainable Development Goals (SDGs).
The Committee will serve as the principal decision-making body in relation to the Group's ESG policies, ensure accountability and provide an in-depth analysis of ERG’s ESG projects. It will also be tasked with ESG goal setting and reporting and the development of ESG-related competencies within the Group.
Dr Alexander Machkevitch, Chairman of the Board of Directors at ERG, commented, “ESG has been a focus for the Group for many years, and we are proud of the progress ERG has made in managing and evaluating corporate responsibility which is at the core of the Group’s mission. The Committee will not only support our existing environmental, social and governance efforts, but will also guide our investment into new environmental technologies and innovative projects across the regions of the Group’s presence.”
As part of its ESG strategy, ERG aims to increase its use of renewable energy sources and build on its global efforts to accelerate the responsible sourcing of materials for the energy transition. The Group reports its sustainability initiatives, including ESG activities and efforts in its Sustainable Development Report, produced annually and benchmarked against the UN SDGs. The Report is also part of its commitment made as a member of the United Nations Global Compact.
Chaired by Mr Aldiyar Kaztayev, Chairman of the Supervisory Board of Eurasian Group LLP, which operates ERG’s assets in Kazakhstan, and First Deputy Chief Executive Officer at ERG, the Committee includes representatives of the Group’s senior management across its geographies. Ms Anastasia Kuskova, Head of Transformation and Sustainability at ERG, acts as Co-Chair of the Committee.
Mr Benedikt Sobotka, CEO of Eurasian Resources Group, said, “The establishment of an ESG Committee reflects our ambition to further improve our sustainable performance, something which is becoming increasingly important in the metals and mining industry. This step falls in line with the Group’s commitment to engage in responsible business that will create more positive impact for our employees, clients, partners, shareholders, local communities and the environment.”
The Group’s ESG strategy is key to advancing ERG’s mission: ‘Be the best at what we do. Drive global change whilst holding true to our values. Unlock the potential of the Earth and its people and ensure the prosperity of those who rely on us.’ In realising its mission, ERG is guided by its values: Safety, Unity, Efficiency, Development and Responsibility.