Savannah Resources PLC (LON:SAV) announced the development of a Corporate Environmental and Social Management System (ESMS) to help deliver its Corporate Sustainability Policy and support the implementation of its Environmental, Social and Governance (ESG) commitments.
“Savannah recognises that, in order to achieve its ambition of becoming a key participant in the sustainable and responsible production of raw materials, it must manage, as an integral element of its operations, the ESG risks, impacts, and opportunities that may affect the sustainability of its projects,” the AIM-quoted company said.
The ESMS will be aligned with internationally recognised ESG standards.
Third parties operating on Savannah’s behalf will also be expected to adopt its ESG principles.
The resource development company said Baobab Advisory Ltd and its director Jose Sa Pereira will help create the CSP and the corporate ESMS. He is an external Environmental and Social (E&S) consultant to the International Finance Corporation and has 23 years’ experience in supporting organisations to manage E&S risks.