Sustainability
At Gold Road, sustainability is more than just a commitment; it’s ingrained in our DNA. From our origins as an Australian gold explorer and producer, we have been dedicated to managing our business in a sustainable and responsible manner. We take pride in making a positive impact on the environment, communities, and stakeholders, while simultaneously creating lasting value for our shareholders.
Download the Sustainability Report for calendar year 2023 here.
Download the 2023 ESG Data Pack
OUR CORE VALUES
We care for the wellbeing of all
We act with integrity
We deliver
We innovate to improve
We work as one team
OUR PEOPLE
At Gold Road, diversity and inclusion are at the core of our values, we prioritise the health, safety, and wellbeing of every team member. We are committed to cultivating a workplace that nurtures personal growth, professional development, and genuine enjoyment, aligning with our vision for a thriving future. Celebrating individual contributions, we create an environment that drives high performance and collective success.
To ensure diversity and inclusion are embedded in all our decisions and actions, we leverage our Company Values and Core Competencies. We take pride in exceeding industry standards, with 31% female employees, surpassing the industry average. At Gold Road, we remain dedicated to fostering an inclusive workplace that empowers our team to excel and drive positive change.
Gold Road have signed up to 40:40 Vision to help get more women into leadership. Gender equality is important. Creating a diverse, inclusive organisation and culture is not only smart business, it’s better for everyone and the right thing to do.
Through 40:40 Vision we’ve pledged to achieve gender balance (40% women, 40% men, 20% any gender) in our executive leadership team by 2030, and will share a public roadmap outlining how we’ll get there. Find out more about 40:40 Vision here:
Health, Safety and Wellbeing
Gold Road’s objective is to eliminate workplace injuries and illnesses, extending the same commitment to our contractors as we do to our employees. Our comprehensive approach to health, safety, and wellbeing complies with all relevant legislation. At the board level, we meticulously monitor the governance and performance of these crucial aspects through the Risk and ESG Board Committee, which convenes regularly throughout the year. We prioritise the welfare of our workforce and partners, ensuring a safe and secure environment for all.
OUR COMMUNITY
Gold Road values its relationships with all stakeholders and the communities in which we work. Our approach to community and aboriginal relations is respectful and participatory. We are vested in transparent, open, and effective engagement and in building long-term sustainable relationships. Our community and stakeholder engagement approach is founded on identification and consultation with all relevant stakeholders. We listen, understand, consider, and respond to stakeholder and community views, concerns, and feedback promptly. We uphold the principle of free, prior, and informed consent and observe it in our day-to-day interactions with our local communities.
Gold Road’s exploration work respects cultural heritage values. We use an avoidance strategy and ensure appropriate cultural heritage surveys are conducted before any on-ground work begins. In this way, we identify cultural or heritage sites for exclusion or protection enabling us to modify our on-ground activities to avoid those areas.
We focus on enriching the lives of our communities through partnerships, employment, contracting, and local procurement opportunities wherever possible. Gold Road is committed to contributing to sustainable development and upholding and promoting fundamental human rights wherever we do business.
Our community engagement program seeks to identify and mitigate any negative impacts of our operations, but more specifically seeks to promote regional sustainable development. We make community investments that address identified social needs, build capacity, and contribute to social initiatives and organisations in ways that make strategic business sense. We do this by focussing on three strategic pillars: Education and Youth, Environment and Community.
Gold Road is working with Yilka Heritage and Land Care to ensure the continuation of the Yilka people’s vision; for law and culture to remain strong, the land to remain healthy and protected for future generations, and for the people to be prosperous.
OUR ENVIRONMENT
Gold Road aims to find, develop, and operate mines in an environmentally responsible and sustainable manner.
To ensure environmental protection, we adhere to the precautionary principle in all our exploration and development endeavours. This means we are committed to minimising negative environmental impacts, continually improving our management approach, ensuring regulatory compliance, and working collaboratively with stakeholders to understand and improve environmental outcomes in the regions in which we operate.
A key aspect of our environmental approach is to conduct pre-clearing environmental surveys and cultural heritage assessments prior to exploration, to identify important cultural and/or biodiversity aspects. We do not explore on land that Traditional Owners deem culturally significant or where environmental impacts cannot be sustainably managed.
Our commitment to the environment is reflected in our compliance with all necessary environmental licenses and approvals.
Gold Road’s exploration health, safety, and environmental management system is ISO 14001 (Environmental Management Systems) and ISO 45001 (Occupational Health and Safety Management Systems) certified.
Water
In 2022, no incidence of non-compliance associated with water abstraction permits, standards, and regulations.
Renewable Energy
Solar energy powering the Yamarna Exploration Camp.
Biodiversity
Diligent pre-clearing surveys to conserve significant flora and fauna, surpassing legal obligations.
Waste
Gruyere’s Cyanide Management Code adherence ensures safe cyanide handling and containment with no environmental incidents recorded.
Climate Change
Transition risks addressed through reduced gas dependency, renewables, and cost-effective mitigation measures to ensure climate adaptation.
At Gold Road, we recognise our social responsibility to actively contribute to the transition towards a low carbon economy, benefiting both our business and the environment while positively impacting our stakeholders. Our unwavering commitment to sustainable production led us to expand our renewable energy solutions as a crucial aspect of our Low Carbon Economy programme in 2022.
Among our initiatives, we established an integrated solar energy facility at the Yamarna Exploration Camp – the first system of its kind globally to be installed in an exploration operation of this size. Furthermore, we successfully completed the Gruyere renewable energy microgrid, which includes a 13 MW solar farm and a 4.4 MWh Battery Energy Storage System. This achievement delivers sustainably sourced power to the Gruyere mine. By investing in renewable energy solutions, we are promoting sustainable practices and reducing our environmental footprint.
OUR CLIMATE
Gold Road acknowledges the profound and multifaceted impacts of climate change, affecting the environment, economies, and societies worldwide. Aligned with the Paris Agreement’s objective of limiting global warming, we are committed to achieving carbon neutrality by 2050. The latest IPCC report confirms climate change poses a serious risk to Western Australia under all emissions scenarios, where all our activity has been until now.
In 2022, we assessed climate impacts in newly acquired tenements and conducted comprehensive studies on our Western Australian operations. Adhering to TCFD recommendations, we completed a comprehensive climate-related risk and opportunities analysis from a physical and transitional perspective under different climate change scenarios and time horizons and incorporated financial impact assessments. Identified climate-related physical risks (heatwave, wildfire and water stress), are moderated by our geographic locations.
Supporting Traditional Owners’ Caring for Country and Rangers programs, we strive to restore the environment to its pre-colonial state. As we deepen our understanding of climate impacts, we aim to address challenges in adaptation planning, fostering resilience against climate-induced risks.
Read our reports
