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
Sustainable Development is about the responsible management of our environmental, social and governance impacts. For ERG, it is also about achieving:
1. True ‘business sustainability’ by ensuring our culture, strategy, processes, technologies, decision-making and skills are fit for the future and can sustain long-term value generation.
2. Long-term, sustainable and profitable growth that delivers sustained benefits to our stakeholders, whether they be our employees, shareholders, customers, business partners, host countries or - in particular - our local communities.
ERG has a long-established record of making a meaningful difference through its community social investment (CSI) programs
ERG has initiated major social and environmental projects in Central Asia and Africa which create significant employment and foster social inclusion for our employees and their communities.
In Central Asia, many of these are being developed in partnership with Chinese government and banks as part of the New Silk Road. Other initiatives include large-scale housing projects in Kazakhstan and Africa that provide affordable housing to local communities and employees. We are one of the largest providers of medical services in many countries of ERG’s operational presence.
Closely integrated with corporate governance strategy, our sustainable development policy is overseen by the Board ensuring that all the necessary procedures are put forward through clear ownership and accountability. The Group CEO, Mr. Benedikt Sobotka, has been working with the World Economic Forum, non-governmental organisations and other mining companies to improve and implement ethical standards for the industry. Eurasian Resources Group has built a strong cooperation with the World Economic Forum: though ERG only applied for membership in 2014, it rapidly advanced from being a Foundation Member to an Industry Partner and then to a Strategic Partner Associate.
In September 2017 at the inaugural World Economic Forum Sustainable Development Impact Summit in New York City, representatives from international businesses and organisations including Eurasian Resources Group, officially launched the Global Battery Alliance. The Alliance is dedicated to ensuring that there is an ethical and sustainable global supply chain for the lithium-ion batteries that help power the Fourth Industrial Revolution and a low carbon economy, through electric vehicles, renewable energy technologies and smartphones. The Alliance is a public-private collaboration comprising stakeholders from across the supply chain including ERG, BASF, Enel, Volkswagen and other major businesses; international organisations such as UNICEF, OECD and African Development Bank; and NGOs including PACT. Eurasian Resources Group is proud to be a founding member of the Global Battery Alliance.