Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF), has announced the publication of its inaugural Sustainability Report titled 'Laying the Foundations'.
The report illustrates the fully-funded development and exploration company's commitment to community engagement, social and environmental performance, and its vision for the future as a sustainable, multi-asset metals producer.
The report was prepared in accordance with the primary ESG metrics, including Task Force on Climate-Related Financial Disclosures, Sustainability Accounting Standards Board, and International Council on Metals & Mining frameworks.
The report highlights Adriatic's commitment to building a capable workforce that addresses all stages of the employee life cycle. The company has hired 91% of its workforce from the local community, including the Head of Sustainability. Additionally, the report states that 29% of Adriatic's employees are female, exceeding the company's diversity targets.
Adriatic has established a Public Liaison Committee to ensure structured, regular communication to the Vares community. The company's flagship education initiative in 2022 offered free English lessons to residents in Vares.
Furthermore, the company opened an information centre office in Vares town to provide public information on the scope and nature of the Vares Project and to invite the community to raise any concerns.
The report states that Adriatic is committed to managing tailings and waste responsibly in conformance with national legislation and international codes of best practice. The company is targeting a 30% reduction of Scope 1 and Scope 2 emissions by 2027 and aims for zero non-compliance incidents in line with environmental laws and regulations.
Adriatic's managing director and CEO, Paul Cronin, expressed pride in publishing the Sustainability Report and in the company's commitment to responsible and transparent business practices.
He said: "At Adriatic, we believe that building a successful business and generating returns for all stakeholders requires a commitment to accountable sustainability."
The report is available on the company's website.