ESG Approach
The Company and Waterberg JV Co. are committed to conducting business in a responsible and sustainable manner. Our core ESG values are:
- to maximize the positive effect of our projects and operations for all stakeholders;
- caring for the environment in which we operate;
- contributing to both the short-term and long-term development of our host communities;
- ensuring safe and secure workplaces for our employees;
- contributing to the welfare of our employees and local communities; and
- promoting good corporate governance, through openness, transparency, and accountability.
We are working to develop a set of performance indicators to measure and monitor key environmental, social sustainability and governance activities at the Waterberg Project. We wish to achieve a high level of understanding and commitment from those who carry out our day-to-day activities. Our social performance indicators aim to cover social risk management, grievance management and community investment. Our environmental performance indicators aim to cover environmental impact mitigation, audits, water, energy, greenhouse gas emissions (“GHG”) and environmental remediation and rehabilitation. Health and safety performance indicators are also to be recorded and monitored.
ESG Reporting and Assessment
The Company’s ongoing ESG analysis continues to refine the set of performance indicators to measure and monitor
key environmental, social sustainability and governance activities at the Waterberg Project. We wish to achieve a high
level of understanding and commitment from those who carry out our day-to-day activities. Our social performance
indicators aim to cover social risk management, grievance management, community investment and human rights.
Our environmental performance indicators aim to cover environmental impact mitigation, audits, water, energy,
GHG emissions, and environmental remediation and rehabilitation. Health and safety performance indicators are
also to be recorded and monitored.
The Company has worked with Digbee since 2021 to independently assess its ESG development and disclosure
at both the corporate and project level as it moves toward the construction phase of the Waterberg Project. The
Digbee ESG platform is aligned with over 25 global reporting standards to generate an appropriate ESG score for
development stage mining companies and address real risk.
As part of the Waterberg Mining Right
application process the Company developed a wide ranging set of studies and plans in relation to potential ESG
impacts. These studies and plans were leveraged to form the basis of the Digbee ESG assessment and subsequent
outcomes.
For 2023, an independent team of ESG experts evaluated the Company’s ESG submission
against a set of rigorous and standardized scoring criteria. To ensure accuracy and credibility, these scores were
finalized after being peer reviewed. As of September 2023, Platinum Group achieved an overall score of BBB with a
range of C to AAA based on the information provided. This score is an improvement from the BB score achieved in 2022.
For additional information, please refer to the Company’s 2023 Annual Information Form available on Sedar+ at www.sedarplus.ca and on Edgar at www.sec.gov.