Business
Greenland Resources Releases Sustainability Report on Malmbjerg
TORONTO / Jun 27, 2024 / Business Wire / Greenland Resources Inc. (Cboe CA: MOLY | FSE: M0LY) (“Greenland Resources” or the “Company”) is pleased to announce th
About this update from Greenland Resources Inc.
[{"type":"text","content":"TORONTO / Jun 27, 2024 / Business Wire / Greenland Resources Inc. (Cboe CA: MOLY | FSE: M0LY) (“Greenland Resources” or the “Company”) is pleased to announce that it has published its Sustainability Report (the “Report”) produced by COWI, an integrated engineering and environmental company based in Denmark, with the aim to provide disclosure to investors and offtakers on environmental, social and governance (ESG) matters. The Report will be available on the Company’s website. Chairman Dr. Ruben Shiffman said, “All initiatives related to permitting, offtakes and capex are moving in a positive direction, and we now present our significant progress on our ongoing sustainability journey. We have spent a great deal of time and resources designing what we believe will be the most environmentally friendly molybdenum mine in the world and we are aiming to deal with like-minded suppliers and customers that also care about a sustainable world. We also have a very positive ESG track record in previous listed mining projects, where we improved the life skills of the local community and their wealth for generations to come.” The Report followed a detailed methodology that includes: First, a screening of a long list of topics based on the European Sustainability Reporting Standards (ESRS) and other international sustainability reporting standards (SFDR, IFC and SASB) used by mining companies and molybdenum offtakers was conducted in order to identify material topics for our Company (9 material topics and 51 subtopics were identified where 5 relate to environmental topics and 27 subtopics, 3 social topics and 20 subtopics and 1 governance topic and 4 subtopics). Second, using the Company’s NI 43-101 Definitive Feasibility Study, EIA (Environmental Impact Assessment), SIA (Social Impact Assessment), Renewable Energy Report and Stakeholders Engagement Plan, COWI prepared a gap analysis on the Company’s sustainability performance vs the various material topics and subtopics. Third, in order to ensure gaps are closed, a list of initiatives were recommended. The conclusion of the gap analysis is that all 9 topics were covered and 70% of their data and policy disclosure requirements have been addressed with gaps mainly revolving around strengthening of existing policies, formulating new policies and ensuring data availability for some disclosure met...