Eurasian Resources Group reports progress in embedding sustainability
Eurasian Resources Group (“ERG” or “the Group”), a leading diversified natural resources group, announces the release of its Sustainable Development Report (“the Report”) for 2017, which reflects the Group’s efforts to embed sustainability and integrates a corporate level materiality assessment and new business strategy framework.
The Report brings the Group into closer alignment with international best practice and standards in reporting while the internal materiality assessment supported ERG’s identification and understanding of its most important sustainability issues. The Report for 2017 also began to consider ERG’s new business strategy and the United Nations Sustainable Development Goals.
Commenting on the publication of the Report, Benedikt Sobotka, CEO of Eurasian Resources Group, said: “ERG is fully committed to being a sustainable and responsible business and we are proud of the progress we have made. The theme of our 2017 Sustainable Development Report - Embedding Sustainability - reflects ERG’s journey to achieve integrated sustainability across all areas of our business to ensure we generate sustained, shared benefits for all stakeholders over the long-term.”
Preparing the business for Industry 4.0, facilitating innovations and improving operational efficiency continued to be a cornerstone of ERG’s sustainability activities throughout 2017. In practice, this included:
Another highlight for the Group in 2017 was the establishment of the ERG Academy in Kazakhstan to develop a common corporate culture and equip employees with the skills to apply transformation in practice.
In 2017, ERG helped to found and launch the Global Battery Alliance, a World Economic Forum initiative, which initiated a collaboration to drive a sustainable value chain for lithium-ion batteries to power the Fourth Industrial Revolution. Under this innovative framework for the whole industry, the Group collaborated with other leading companies, international organisations and NGOs, such as the Organisation for Economic Cooperation and Development (OECD) and the African Development Bank.
Some other key sustainability initiatives are listed below:
Business sustainability
Helping our people thrive
Socio-economic development and wellbeing
Environmental stewardship
The full version of the Report can be found here: https://www.eurasianresources.lu/uploads/1/files/29685_ERG_Sustainability_Report_2017_ENG_Interactive.pdf
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