ESG policy

Greenstone Health, Safety, Environmental and Sustainability guidelines

We are committed to the goal of sustainable development and seek investments which share this goal.

We seek to invest in companies with world class standards of health, safety and environmental management, companies which actively engage stakeholders in open dialogue and which contribute to the development of sustainable communities.  We seek investments which fully observe the laws and regulations of the host country and which aspire to achieve the highest international standards regardless of location.

We believe that this is a source of competitive advantage for Greenstone and is beneficial to both ourselves and our investment companies.  It assists in sourcing and identifying opportunities, securing and maintaining a licence to operate, managing risks, as well as attracting and retaining the best people.

Health and Safety

We seek investments whose goal is an injury and fatality-free workplace, and who aim to improve the well-being of employees, contractors and communities.  Typically the investments we seek would:

  • adopt, encourage and maintain a positive safety culture and behaviour;
  • provide safety leadership and appropriate training at every level;
  • institute safe work systems, occupational and community health/hygiene programmes and endeavour to eliminate/mitigate safety, occupational and community health and hygiene hazards;
  • work closely with contractors, suppliers and partners so that they understand and abide by occupational and community health and safety standards;
  • report, manage and learn from injuries, illnesses and high potential incidents; and
  • establish effective emergency and crisis plans

Environment

We seek investments which aim to protect the long-term wellbeing and viability of the natural environments affected by their operations.  Typically we would seek companies which:

  • operate leading practice environmental standards;
  • apply practices which minimise, lessen or remediate the impact of their activities on the environment;
  • use raw materials, energy and natural resources as efficiently as possible and strive to improve that efficiency;
  • minimise harmful emissions to air, water and land (including direct and indirect greenhouse gas emissions) as well as wastes and the toxicity of wastes;
  • take precautions to mitigate the negative effects of environmental spills and incidents; and
  • work closely with contractors, suppliers and partners to diminish their environmental impact from working with the operations

Sustainable Communities

We seek investments which positively assist in the social and economic development of sustainable communities associated with operations. Typically we seek investment companies which:

  • maintain an active, transparent and constructive dialogue with the communities and other stakeholders associated with their operations.  This dialogue is conducted in a culturally sensitive and appropriate manner, starting as early as practicable and throughout the life of the operation to build and maintain relationships which are founded on active participation and mutual benefit;
  • work with community leaders/representatives, local authorities, governments, inter-governmental and non-governmental bodies and other relevant stakeholders to develop projects that benefit the communities connected to the operations in a sustainable manner;
  • maximise local content (such as employees, suppliers, contractors) as far as is possible and appropriate;
  • respect local customs, cultures and the rights of communities, including indigenous peoples and previously disadvantaged groups; and
  • aim to minimise the negative impacts of their operations on the communities where they operate

People

We seek investments which foster a safe working environment that is based on mutual respect, openness, honesty and fairness. Typically this is achieved by investments which:

  • provide equal opportunity throughout the organisation and which treat employees and contractors fairly and without prejudice;
  • foster a meritocratic environment with employment and advancement based on merit, whilst respecting local legislation (such as in geographies aiming to benefit historically disadvantaged groups);
  • will not accept any incidents of discrimination, bullying, harassment or physical assault in the workplace and operate an impartial employee complaints process;
  • operate and maintain a drug and alcohol-free workplace;
  • offer suitable training and development opportunities;
  • support the rights of employees to freedom of association and collective bargaining; and
  • provide fair remuneration