A resourceful relationship

Buchanan helped the company to establish a strong governance framework with the establishment of an ESG Committee and ESG steering group along with terms of reference. Meeting on a monthly basis, Buchanan supports the committee with briefing papers on developments in sustainability regulation and voluntary best practice disclosure as well as attending executive meetings in a retained advisory capacity.

Buchanan helped the company establish its ESG Policy and disclosure framework, drawing on stakeholder perceptions and using the internationally recognised frameworks of the Global Reporting Initiative, UNSDGs and the Metals & Mining supplement of the Sustainability Standards Accounting Board to measure performance.

Having set in place the disclosure framework, Buchanan worked with the executive team to gather key performance indicators and draft content that captured operational progress. An important component of the company’s reporting is the presentation of the underlying geo-political and economic drivers that are impacting the market for critical raw materials and underpin the sustainable investment thesis of the company. In addition to Annual Reports, Buchanan has now produced two Responsible Business Reports for Norge Mining, each building on the company’s commitments to a low carbon development of critical raw materials that are looking the meet the resource security agenda of the EU and support essential food production requirements and decarbonization technologies. Buchanan is a permanent member of their ESG Working Group and attendee of ESG Committee meetings.