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Sustainability
HOW WE GO ABOUT BUSINESS
CMC recognizes its obligation to extract resources responsibly. Its strategy on sustainability and social responsibility is an intrinsic part of everything that will be done.
We recognize that people and communities are affected by our business activities, and that we have a responsibility to ensure that those people and communities benefit through opportunities such as employment, business development, education, training, or community investment over the long term.
We also recognize that our activities consume resources and have impacts on the broader global environment, and that we have a responsibility to minimize and redress harmful impacts and to optimize positive benefits.
We build sound safety, environmental, and social management practices into all aspects of our business.We strive for continuous improvement in our environmental, safety and social management performance.
Sustainable Development
Our sustainable development strategy is built around four key pillars:
- Economically viable investments
- Technically appropriate operations
- Environmentally sound practices
- Socially responsible actions
Strategy
We aim to deliver this strategy by:
- Economically viable investments
- Technically appropriate operations
- Environmentally sound practices
- Socially responsible actions
Social Responsibility
Within our social responsibility strategy, we have a strong focus on Corporate Social Responsibility projects that are specifically developed to assist the communities which host our operations.
CMC strives to balance the Walikale economic, social, and environmental aspects of our business which are all essential to our long-term sustainability. We are going to make sure that we have good relationships we have with all our stakeholders.
CMC’s values, governance structures and ethical leadership guide our actions to conduct our business activities with integrity and respect for the Walikale environmental and societal contexts in which we operate. As a leading mining and minerals cooperative, CMC is cognisant not only of our impacts on the world around us, but also of the opportunities to make a positive contribution to growth and development in the societies in which we operate.
CMC’s values explicitly acknowledge that social responsibility, good corporate governance, and environmental stewardship are essential aspects of generating economic value for shareholders and social benefit for stakeholders. Taking a broader view to include nonfinancial aspects ensures CMC’s long-term sustainability.
CAPITAL
Governance, Risk Management & Combined Assurance
Policies, standards, management controls, internal audit, external audit, transparent reporting and independent external assurance of sustainability data.
Climate Change
Our climate change and water management strategies and reporting draw on various frameworks, guidelines, good practice and regulatory compliance requirements and also seek to meet multiple and evolving stakeholder reporting requirements. To address these issues comprehensively, we published a supplementary report on climate and water management. This report uses the recommendations of the Task Force on Climate Related Financial Disclosures (TCFD) and the Position Statement of the International Council on Mining and Metals (ICMM) on Water Stewardship as the core framework.
Creating Sustainable Value
Our operations are located in poor and remote parts of the Democratic Republic of the Congo and provide employment opportunities, skills development and educational support in these areas. Infrastructure investments and support for social projects in local communities support socio-economic development and improve community resilience and sustainability. CMC’s preferential procurement and enterprise development programmes support entrepreneurship and economic growth among historically disadvantaged Congolese’s and in local communities, create jobs, improve market access for Congolese capital goods and services, and increase economic activity in the areas around our operations.
Communities
CMC’s commitment to being a responsible corporate citizen drives our support of the development of the communities in which we operate through social investment and local economic development projects. These initiatives aim to build capacity in communities and prioritise women, HIV and Aids projects, the upliftment of people living with disabilities, youth and the socially destitute.
Partnering with communities and other stakeholders for social upliftment is a strategic priority. Investment in local communities is aimed at driving socio-economic development and improving community resilience and sustainability. Most of CMC’s operations are located in remote areas near communities with pressing socioeconomic challenges. This provides an opportunity to make a meaningful difference by investing in infrastructure and social projects that can have a significant positive impact. Delivering these initiatives strengthens our relationships with local communities and benefits employees who live there. Regular engagements improve our understanding of community needs and expectations and promote community ownership of projects by including beneficiaries from the planning phase.