Business
Adoption of ESG Standards
Adoption of ESG Standards.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n \n \n \n RNS Number : 0503Y\n European Metals Holdings Limited\n 10 May 2021\n \n \n \n \n \n \n \n EMH BELIEVES CINOVEC TO HAVE A LOW CARBON FOOTPRINT COMPARED TO PEERS AND WILL ADOPT GOLD STANDARD OF ESG REPORTING\n \n \n European Metals Executive Chairman, Keith Coughlan, believes that the Project's CO2 footprint will be low when compared with other hard rock lithium projects. \"The proximity to end users resulting in low transport CO2, the fully integrated nature of the Project and anticipated lower CO2 emissions from mining and processing strongly suggest that lithium from Cinovec will have a low carbon footprint compared to its peers\". \"We are quietly confident and look forward to releasing the results of our Carbon Footprint assessment\". \n \n \n \n European Metals Holdings Limited\n \n (ASX & AIM: EMH, NASDAQ: ERPNF) (\"EMH\", \"European Metals\" or the \"Company\") is pleased to announce that the Company has adopted a set of Environmental, Social and Governance (\"ESG\") metrics and disclosures following the recommendations released by the World Economic Forum (\"WEF\") in Geneva, Switzerland¹ which are acknowledged as the gold standard for ESG reporting.\n \n \n HIGHLIGHTS\n \n \n • \n Establishment of an ESG Committee at Board level, to be chaired by Ambassador Lincoln Bloomfield who has considerable private sector experience centred on sustainability, resilience and renewable energy\n \n \n • \n Engagement of Socialsuite ESG technology platform - a global leader in ESG impact management systems and sustainability reporting \n \n \n • \n Initiation of ESG reporting, monitoring and improvement for European Metals utilising Socialsuite\n \n \n • \n EMH's ESG transparency commitment is a precursor to an independent lithium production Life Cycle Assessment2 (\"LCA\") which includes a full Carbon Footprint assessment\n \n \n ADOPTING AN ESG FRAMEWORK\n \n \n ESG and impact investing have become key criteria for both investors and fund managers, leading a new path to how companies are being assessed. In 2020, 33% of the US$51.4 trillion in total US assets under professional management used ESG investment criteria, with demand for ESG compliance continuing to rise sharply3 with total Global sustainable investment now topping $30 trillion-up 68% since 2014 and tenfold since 2004.4\n \n \n The...