The Environment
Preservation of the environment in these challenging times is always an issue with the development of commercial projects which by their very nature are invasive. In addition to compliance with applicable national laws in the jurisdictions that we operate, Patrimoine is guided by The United Nation’s 17 Sustainable Development Goals, a universal call to action to end poverty, protect the planet and improve the lives and prospects of everyone, everywhere. The 17 Goals were adopted by all UN Member States in 2015, as part of the 2030 Agenda for Sustainable Development which set out a 15-year plan to achieve the Goals.
Patrimoine also adheres to the Equator Principles and the IFC Performance Standards. The Equator Principles are a set of guidelines for managing environmental and social impacts. These principles cover the preparation of Environmental and Social Impact Assessments (ESIA), the mitigation, monitoring and management of identified risks in the ESIA and the consultation process with applicable stakeholders.
The IFC Performance Standards are based on the International Finance Corporation’s Performance Standards on social and environmental sustainability. The underlying principle here is to avoid adverse impacts wherever possible and where there are requisite actions that must be taken, to mitigate against further negative environmental impact. This includes wherever possible to effectuate progressive rehabilitation to reduce the residual impact of the mining activity.
