- In the form of local purchases, salaries, taxes, royalties, and other contributions to governments
- 81% of total procurement in the country, supporting over 1,600 national and local businesses
- 94% of employees and 57% of senior operational management are West African
- 23 million dollars spent on social investments,
- Information published in its Sustainability Report 2022
Endeavour Mining published its Sustainability Report 2022 on 16 May 2023 from London. The report presents key environmental, social and governance highlights.
Satisfaction of the top management
Sébastien de Montessus, Chairman and CEO, commented: “In 2022, we continued to make significant progress on our environmental, social and governance strategy, formulated a few years ago following extensive consultation with various stakeholders, and guided by the United Nations Sustainable Development Goals. In addition, we are pleased with the recognition our efforts have received from outside the company, with industry-leading ratings reflecting the positive impact our business can have in the regions where we operate. In 2022, our total economic contribution to host countries amounted to more than 1.9 billion dollars (approximately 1.140 billion FCFA), including local purchases, salaries, taxes, royalties, dividends and other contributions to governments. In addition, to further contribute to the socio-economic development of the region, we have invested significantly in local initiatives to improve access to water, education and health facilities in our local communities and throughout the region. Many of our initiatives are conducted through the Endeavour Foundation, which we have established to implement projects beyond our mines and which focus on regional, national and cross-border levels. During 2022, we have launched a number of initiatives, ranging from an investment in the Great Green Wall, which has the ambition to plant a wall of trees across the Sahel, in partnership with the Senegalese Reforestation Agency and the Great Green Wall, educational projects to develop the future talent pool, funding for scholarships, university internships and bursaries, as well as vocational training for young people to improve their employability and opportunities in life.
As a responsible miner, we have continued to fight climate change as we seek to achieve our 2030 target of a 30% reduction in carbon emissions intensity and zero net emissions by 2050. For 2022, we set our first annual carbon intensity target, which I am pleased to say we have exceeded. We have also continued to progress a number of our decarbonisation initiatives, including connecting our Mana mine to the national grid and advancing the analysis of renewable solar projects at our Houndé and Sabodala-Massawa facilities. Importantly, these initiatives have the dual benefit of optimising processes, thereby reducing costs, and improving our efficiency, further strengthening the resilience of our company.
Going forward, we are continuing to ensure that we adopt the right kind of behaviour across our company. For example, for 2023, performance targets will account for 30% of the Group’s short term incentive plan, as well as 15% of our long term incentive plan. These weights include measurement against targets for factors such as health and safety, carbon reduction, diversity and inclusion”.
The 2022 Sustainability Report has been prepared in accordance with the Global Reporting Initiative (“GRI”) Sustainability Reporting Standards (2021), including the Mining and Metals Sector Supplement.
Social and economic benefits
Endeavour has the potential to have a positive impact on the communities and host countries in which it operates by providing a range of socio-economic development opportunities, from employment, to upgrading its workforce, supporting local businesses and community projects such as healthcare, education and economic development.
Supporting local economies Endeavour prioritises domestic suppliers of goods and services and the development of domestic manufacturing and supply chains, thereby multiplying the Group’s positive impact on local, regional and national economies of host countries, strengthening local businesses and creating direct and indirect employment opportunities. The majority of the Group’s supply chain sources key supplies in-country or in the West African region. In addition, Endeavour contributes to national economies through the Group’s significant tax and royalty payments to host governments, as well as by continuing to prioritise investment in host community development projects.
In 2022, Endeavour’s total economic contribution to the host countries, including social investments, was 1.9 billion dollars, down from 2 billion dollars in 2021 due to lower production.
The Group’s total procurement for 2022 was 1.4 billion dollars, down from 1.6 billion dollars in 2021 due to the disposal of the Karma mine in March 2022, resulting in a decrease in country procurement from 1.3 billion dollars in 2021 to 1.1 billion dollars in 2022. Despite this overall decrease, the Group sourced 81% of its requirements from the host countries in 2022, an increase of 1 percentage point compared to 2021. Endeavour supported approximately 1,600 national and local companies in Côte d’Ivoire, Senegal, Burkina Faso and Guinea in 2022. Procurement from affected ‘belonging to national interests’ and local community suppliers totalled 388 million dollars and 28 million dollars respectively for 2022. Endeavour paid 533 million dollars to host governments in taxes, royalties and dividends, 224 million dollars in gross salaries, wages, benefits and employee benefits, 688 million dollars in operating costs excluding personnel costs, 23 million dollars in social investments and 5 million dollars in third-party royalties for 2022. In 2022, Endeavour invested a total of 23 million dollars in social investments, of which 16 million dollars was contributed to Local Development Mining Funds and 7 million dollars was invested in various community projects.
Summary by Elie KABORE
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