ESG Vision
Committed to having a positive impact!
Table of contents
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ESG Vision
At Drummond we are committed to the sustainable regional development of our areas of influence. To meet this challenge, we focus on strengthening the communities’ internal capabilities, building trusting relationships with all our stakeholders, safeguarding life and natural resources and adopting sustainable practices based on global ESG (Environment, Society and Corporate Governance) principles in coordination with the 2030 Agenda.
We have created a sustainability policy that guarantees compliance with the law, respect for stakeholders and the search for a positive impact on the environment that we affect and the sociocultural contexts in which we are present.
We are mining with a positive impact!
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Committed to a Sustainable ESG Vision
Throughout 2023, we have taken significant steps in the development of our ESG strategy. Our main achievements include:
- Defining our ESG goal: We established a clear vision of what we want to achieve in terms of environmental, social and governance sustainability.
- Building the ESG strategy: Based on the goal that was defined, we designed a detailed strategy that includes an action plan with short-, medium- and long-term objectives.
- Development of indicators: We established metrics to measure the progress and performance of the ESG strategy.
In 2024, we expect to obtain final approval from Senior Management to formally implement this strategy at the corporate level.
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International Standards and Sustainability Initiatives
We know that the best way to improve as a Company to achieve excellent results is through an ongoing evaluation of our processes. For this reason, we have based our sustainable management on voluntary signing and adherence to initiatives by monitoring entities that review our conduct from various perspectives, carefully evaluating the impacts of our activities and the compensation initiatives that we have developed to mitigate them.
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Stakeholder Relations
Since the beginning of our operations in Colombia, we have maintained close contact with the communities and stakeholders in the regions where we are present. Since 2012, we have identified our priority stakeholders based on dependence and influence criteria.
The exhaustive identification of our stakeholders has allowed us to develop an ongoing relationship plan through various channels managed by our Communications Department. By doing so, we promote close relationships based on transparency, trust and the proper management of information, adding value to our Corporate Social Responsibility strategy.
- Understand and manage: The Company’s positive and negative impacts on the environment and society.
- Prioritize: The most relevant issues for the Company and its stakeholders.
- Align: These issues with the Company’s business model to ensure sustainable long-term growth.
Materiality Drummond Ltd.
This report details how we have handled the most important matters for our business and our stakeholders (such as employees, customers, suppliers, etc.). These issues, called “material topics,” were identified through a detailed analysis conducted in 2018 and updated in 2020 and 2022.
The main objectives of this material topics analysis are: