We regard sustainability as an essential element of our strategy and in the face of significant challenges, Solidcore remains committed to upholding high ESG standards. We consider these principles to be key to the strategic stability of the business and continue to integrate them into all Company processes.
Solidcore’s overall approach to sustainability is guided by the Sustainable Development Goals. In addition, our Code of Conduct guides the behaviour of all employees in relation to their colleagues, local communities and the environment. At an operational level, we have a suite of procedures and policies that are published in line with national regulatory and international standards.
All of these taken together influence our approach to the provision of high quality jobs, secure and safe employment, employee wellbeing and access to professional development. They also influence the way that we communicate and consult with our investors, communities, government bodies and NGOs and suppliers in our areas of operation and the systems we have in place to monitor and improve environmental performance.
The Group’s financial and legal teams monitor current legislation and proposed changes in all jurisdictions where Group companies operate, and incorporate these into the practice, involving leading external experts where appropriate
Our directors engage in communication with shareholders’ CSR teams to better understand their approach to governance and sustainability.
The Audit and Risk Committee helps the Board to monitor the integrity of the Group’s financial statements; reviews the effectiveness of the Group’s system of internal controls and risk management systems.
The Safety and Sustainability Committee monitors the Group’s social, ethical, environmental and safety performance, and oversees all sustainable development issues on behalf of the Board.
Group CEO oversees sustainability initiatives and activities to ensure transparency and long-term value for investors and other stakeholders.
In our approach to human resource development, we aim to attract and retain the very best professionals by providing an inclusive, fair and enabling working environment.
We strongly believe that maintaining high corporate governance standards is essential in creating sustainable shareholder value.
Since our original listing in 2007 we have adhered to the highest standards of corporate governance. Under the leadership of a reputable, experienced and diverse Board, we have been able to achieve superior shareholder returns and create a Company where continuous improvement and strategic agility is deeply engrained in the corporate culture.
Solidcore Resources is compliant with AIFC market rules Corporate Governance Principles and regulations of the AIX Markets Listing Rules. In addition on voluntary basis the Company will continue to comply with the UK Corporate Governance Code as well as corporate other best practices where applicable.
The Board defines business strategy, assesses risks and monitors performance.
The Remuneration Committee is responsible for Group remuneration policy, and for setting pay levels and bonuses for senior management in line with individual performance. Ensures safety KPIs are included in remuneration package.
The Nomination Committee ensures a balance of skills, knowledge, independence, experience and diversity on the Board and its committees.
The Audit and Risk Committee helps the Board to monitor the integrity of the Group’s financial statements; reviews the effectiveness of the Group’s system of internal controls and risk management systems.
The Safety and Sustainability Committee monitors the Group’s social, ethical, environmental and safety performance, and oversees all sustainable development issues on behalf of the Board.
The Group CEO takes ultimate responsibility for delivering on strategy and operating performance.
The Technical Council agrees strategy and tactical implementation across the business.
The Chief Sustainability Officer coordinates sustainability initiatives and activities to ensure transparency and long-term value for investors and other stakeholders.
Human Resources
The Human Resources Director defines and monitors
employment contracts and employee performance.
Communications
The Communications and PR Director
is responsible for identifying and engaging with the majority of external
stakeholders, including government and regional authorities, local communities and
NGOs.
Environment
The Chief Operating Officer supported by our HSE
department defines high-priority environmental issues and ensures full compliance.
Health and Safety
The Chief Operating Officer together with our
HSE department sets targets and is responsible for performance in this
area.
Operations
Our operating mines and development properties have
heads of Operations, Human Resources, Environment and Health and Safety, who
implement and monitor corporate systems, supported by specialist PR and
engineering teams.