At Coda Minerals, producing sustainable business outcomes is at the core of our organisation’s values. This is driven by our focus to operate in a way that puts the health and safety of our people first and bolsters effective relationships with local communities, supply networks, contractors and customers. Conducive to these efforts is our continual promotion of transparency and integrity to deliver stakeholder value.
Coda Minerals recognises that high standards of corporate governance are essential to achieving stakeholder value.
The heart of our business is to generate value for our shareholders through the production of high-quality natural resources for global development on a sustainable basis. This is underpinned by our long-term commitment to generate hand-in-hand complimentary benefits for the broader community at three levels:
- Economically – creating communal wealth by providing opportunities for local businesses
- Environmentally – optimising production processes and employing new technologies to minimise the environmental impact of our activities
- Communally – providing employment for people in surrounding communities
We strive to achieve these outcomes through measured and responsible business practices involving risk management, minimising our environmental footprint and promoting continuous engagement with local communities.
This all starts with a resilient and proactive organisational culture based on our core company values.
SUSTAINABILITY REPORT 2023
Coda Minerals is pleased to release its maiden Sustainability Report which summarises the Company’s approach to environmental, social and governance matters.
Coda’s inaugural Sustainability Report sets the baseline from which future sustainability reporting will be grown through regular updates. Coda recognises the importance of transparent and respectful relationships with stakeholders, of which Sustainability reporting is a key part of maintaining such stakeholder relationships. The Sustainability Report has been prepared to provide our stakeholders with an understanding of Coda’s approach to sustainability as well as create a communication platform to keep stakeholders informed on achievements as well as updates to sustainability activities.
The standalone Sustainability Report is a part of Coda’s annual reporting and should be read in conjunction with the Company’s 2023 annual report for a comprehensive overview of Coda’s activities.
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to download the full report
Environment
In an industry dependent upon development of natural resources in remote and sensitive environments, Coda Minerals recognises its important responsibility to conduct operations with care for the land that provides it with such opportunities. It is crucial that sustainable business practices are implemented that are appropriate to the environments in which we operate. This requires unwavering commitment to minimising the environmental impact of our activities, notably with regard to biodiversity and natural ecosystems, and reducing our carbon footprint.
Accordingly, it is integral to our business that we continually look to improve the efficiency of our resource use and reduce production emissions through innovative new technologies for energy production and process design.
All stages of mine development factor into consideration potential environmental impacts and how to ensure best practice to achieve sustainable outcomes.
In pursuit of setting environmental best practice benchmarks, we consider compliance with existing laws and regulations to be the bare minimum standard required by our operations.
Key aspects of our approach to environmental sustainability include tailoring the mining strategy to the native environment and its inhabitants through:
- Respecting local cultural and spiritual land importance
- Minimal disturbance of land
- Study and conservation of flora and fauna habitats
- Clean water practices
- Waste management optimisation
as well as:
- Routine assessment of process efficiency
- Emissions management
- Review and employment of new technologies.
Community Relations
The development and enhancement of communities surrounding our operations are a key commitment of Coda. Our objective to develop long-term sustainable businesses that deliver local benefits, such as employment and local business opportunities, is a role we strive to play in regional communities. At the core of our commitment is forging long-term relationships that value the cultures and traditions of the region, whilst identifying the social needs of the area to tailor our community investment approach.
It is our goal to work in unison with our local communities to help them attain the skills and capabilities needed to prosper into the future.
Indigenous Affairs
Coda recognises the importance of understanding indigenous culture and way of life. By nature, our business operations take place on regional land, making consideration of the heritage and social concerns of traditional owners paramount to our organisation’s long term success. Through doing so, our aim is to create strong and mutually beneficial relationships with local Native Title groups on whose land our operations are located.
Coda believes that special factors are involved when its operations affect Aboriginal communities. In all cases, we embrace a mutual respect and shared responsibility for the traditions, customs, culture and dignity of Aboriginal communities.
Safety Management
The foundation of our success is driven by our people. As such, the health and safety of all employees, contracting partners, site visitors and the wider community in which we operate are central to our organisation. Sustaining a strong safety culture committed to a ‘zero harm’ philosophy is paramount when operating in environments, which by nature, are exposed to risk.
Our approach to all operations embraces a risk-based strategy for safety management.
This includes:
- Maintaining a health and safety system based on best industry standards;
- Develop and empower employees and contractors through routine engagement;
- Identify, assess, mitigate and manage risks;
- Setting measurable objectives and targets aimed at continuous improvement and eliminating work-related illness; and
- Ensuring completed work meets or exceeds relevant standards and codes of practices.
By implementing and maintaining such a strategy we can ensure that the health and safety standards set are never compromised. We believe having proactive control measures for effective risk management will maximise health and safety outcomes for our people.
