Endeavour Archives - SustainCase - Sustainability Magazine Insights on how you can protect the environment, maintain and increase the value of your company, through a structured CSR/Sustainability process with the use of the GRI Standards. Learn how Today's Best-Run Companies are achieving Economic, Social, and Environmental Success - and How You Can Too... Mon, 06 Mar 2023 14:36:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Case study: How Endeavour creates economic value for its stakeholders https://sustaincase.com/case-study-how-endeavour-creates-economic-value-for-its-stakeholders/ Mon, 19 Dec 2022 07:13:31 +0000 https://ccprowebs.com/new-sustaincase.com/?p=14559 With a workforce of over 11,000, Endeavour is a leading global gold producer and the largest gold miner in West Africa. , including its employees, contractors, suppliers and local communities. This case study is based on the 2020 Sustainability Report by Endeavour, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing. Abstract Endeavour’s mining operations are powerful catalysts […]

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]]> With a workforce of over 11,000, Endeavour is a leading global gold producer and the largest gold miner in West Africa. Endeavour is committed to the principles of responsible mining and delivering sustainable value to all its stakeholders  Tweet This!, including its employees, contractors, suppliers and local communities.

This case study is based on the 2020 Sustainability Report by Endeavour, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Abstract

Endeavour’s mining operations are powerful catalysts in the socio-economic development of its host countries and local communities and key contributors to its host countries’ wealth. In 2020, Endeavour generated $1.62 billion in revenue, and distributed $894 million in economic value. In order to create economic value for its stakeholders Endeavour took action to:

  • create economic value for employees
  • create economic value for governments
  • support communities

What are the material issues the company has identified?  

In its 2020 Sustainability Report Endeavour identified a range of material issues, such as hazardous chemical management, community engagement, health and safety, water stewardship. Among these, creating economic value for its stakeholders stands out as a key material issue for Endeavour.

Stakeholder engagement in accordance with the GRI Standards              

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups Endeavour engages with:

Stakeholder Group                Method of engagement
Employees

 

 

 

 ·      Safety briefings

·      Employee well-being programmes

·      Collective bargaining/contract negotiations

·      Performance reviews and appraisals

·      Training and development programmes

·      CEO and senior leadership townhall meetings

·      Employee communication channels

·      Whistleblower hotline

·      Policies and standards
Communities

 

 

 

 ·      Regular meetings with customary and religious authorities as well as other community groups

·      Participation in Environmental Social Impact Assessments (ESIA)

·      Public hearings and consultations

·      Grievance mechanisms

·      Resettlement committees

·      Local cultural and sporting events

·      Community health awareness campaigns

·      Mine site visits

·      Newspapers, radio, television and annual sustainability reports
Suppliers and contractors

 

 

 ·      Policies and standards

·      Supplier appraisal process

·      Supply contracts process

·      Meetings

·      Grievance mechanism

·      Relationship building by group and site level procurement teams

·      Safety meetings
Government and regulatory bodies

 

 ·      Meetings

·      Local subsidiaries Board meetings

·      Site visits and inspections

·      Hosting and attending Government and private sector meetings

·      Attending national and international mining conferences
Shareholders, investors and analysts ·      Regulatory filings

·      Press releases

·      Annual and quarterly reports

·      Annual general meeting

·      Investor meetings

·      Conferences

·      Site visits

·      Website

·      Annual sustainability reports, and communications by email and telephone
Unions

 

 ·      Formal meetings with the unions

·      Safety briefings

·      Employee well-being programmes
Industry associations ·      Formal meetings

·      Correspondence and events
Non-governmental organisations ·      Meetings

·      Correspondence

·      Conferences

·      Corporate social responsibility (CSR) forums

·      Roundtables

·      Strategic partnerships
Media ·      Press releases

·      Interviews

·      Regulatory filings

·      Presentations

·      Site visits

·      Social media channels

·      Annual sustainability reports

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Endeavour created and sent an online survey to internal and external stakeholders, asking them to rate topics on a 1-5 scale.

What actions were taken by Endeavour to create economic value for its stakeholders?

In its 2020 Sustainability Report Endeavour reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • Endeavour is committed to attracting and retaining top talent by providing a dynamic workplace that offers a range of experiences, career development opportunities, fair employment practices and in which all individuals are treated with dignity and respect. In 2020, Endeavour paid $114 million in employee wages and benefits.
  • Creating economic value for governments
  • In 2020, Endeavour paid $262 million to host governments in the form of taxes and royalties.
  • Supporting communities
  • In 2020, Endeavour spent $8 million in community investments and donations.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standard addressed in this case is: Disclosure 201-1 Direct economic value generated and distributed

Disclosure 201-1 Direct economic value generated and distributed corresponds to:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.
References:

This case study is based on published information by Endeavour, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:

https://www.endeavourmining.com/sites/endeavour-mining-v2/files/endeavour-mining/media/reports-and-fact-sheets/endeavour-sustainability-report-2020.pdf

Note to Endeavour: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How Endeavour creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Endeavour promotes employee satisfaction https://sustaincase.com/case-study-how-endeavour-promotes-employee-satisfaction/ Wed, 13 Oct 2021 06:07:59 +0000 https://ccprowebs.com/new-sustaincase.com/?p=12954 Endeavour a mid-tier precious metals mining company headquartered in Vancouver, Canada, and engaged in the evaluation, acquisition, exploration, development and exploitation of precious metals properties in Latin America. This case study is based on the 2019 Annual Review & Sustainability Report by Endeavour published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing. Abstract Endeavour’s management is […]

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]]> Endeavour a mid-tier precious metals mining company headquartered in Vancouver, Canada, and engaged in the evaluation, acquisition, exploration, development and exploitation of precious metals properties in Latin America. Endeavour wants a workforce that is motivated, ethical and accountable and is committed to helping its people create and maintain a positive work culture.  Tweet This!

This case study is based on the 2019 Annual Review & Sustainability Report by Endeavour published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Abstract

Endeavour’s management is encouraged and trained to receive and address work-related suggestions or concerns both informally and formally, so as to promote employee engagement and satisfaction. In order to promote employee satisfaction Endeavour took action to:

  • respect freedom of association
  • embrace diversity and inclusion
  • foster good working conditions

What are the material issues the company has identified?

In its 2019 Annual Review & Sustainability Report Endeavour identified a range of material issues, such as profitability, environmental compliance, job creation and local procurement, community impacts and investment. Among these, promoting employee satisfaction stands out as a key material issue for Endeavour.

Stakeholder engagement in accordance with the GRI Standards           

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups Endeavour engages with:  

Stakeholder Group
Governments & Regulators
Industry Associations
NGOs
Labour Unions
Local Communities
Employees & Contractors
Customers/ Buyers
Suppliers
Shareholders

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Endeavour conducted 10 interviews with the management team and 198 employee surveys, along with 44 external interviews with representatives from stakeholder groups.

What actions were taken by Endeavour to promote employee satisfaction?

In its 2019 Annual Review & Sustainability Report Endeavour reports that it took the following actions for promoting employee satisfaction:

  • Respecting freedom of association
  • Endeavour respects its employees’ right to freedom of association and collective bargaining. In 2019, Endeavour had collective bargaining contracts with two unions: one at El Cubo and the other representing the miners at Guanaceví, Bolañitos and El Compas. Endeavour seeks to maintain positive relationships with both unions and has been able to negotiate contract renewals through effective collaboration.
  • Embracing diversity and inclusion
  • Diversity, inclusion and equal opportunity are important principles to Endeavour, as a diverse workforce provides a broader range of skills, experiences and ideas to keep the company strong and progressive. Endeavour’s commitment to gender equality includes equal pay for equal work. Men and women should receive the same remuneration for the same position at all of its operations, subject to their training, experience and performance.
  • Fostering good working conditions
  • Endeavour respects national and international labour standards that protect and guarantee basic rights for all. This includes its commitment to provide good working conditions, including adequate facilities and competitive benefits. Endeavour believes that rewarding people through a well-designed compensation and benefits programme enhances its ability to attract, retain and motivate talented and loyal employees. This is especially relevant in a country such as Mexico, which has a large, active mining sector, thereby making the labour market for qualified workers very competitive. Endeavour significantly exceeds legal minimum wage at all of its work sites in Mexico. Three of its mines are within or near communities, so workers are able to return to their homes following their shifts. Because Guanaceví is in a remote location, some workers live in a camp on-site, which includes living accommodations, lunch and dining rooms, and cleaning services.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standards addressed in this case are:

1) Disclosure 401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees

2) Disclosure 405-1 Diversity of governance bodies and employees

3) Disclosure 407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk

 

Disclosure 401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees corresponds to:

Disclosure 405-1 Diversity of governance bodies and employees corresponds to:

 Disclosure 407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk corresponds to:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.
References:

1) This case study is based on published information by Endeavour, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original, please revert to the original on the Global Reporting Initiative’s Sustainability Disclosure Database at the link:

http://database.globalreporting.org/

2) https://www.globalreporting.org/standards/gri-standards-download-center/

Note to Endeavour: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How Endeavour promotes employee satisfaction appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Endeavour promotes employee development https://sustaincase.com/case-study-how-endeavour-promotes-employee-development/ Wed, 24 Jun 2020 06:33:56 +0000 https://ccprowebs.com/new-sustaincase.com/?p=10945 Endeavour Mining is a premier intermediate gold producer, with a solid track record of operational excellence, project development and exploration in the Birimian greenstone belt in West Africa. Employees are Endeavour’s most important resource, and developing their skills while creating a dynamic working culture are commitments that Endeavour remains faithful to. This case study is based on the 2018 Sustainability Report by Endeavour published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s […]

The post Case study: How Endeavour promotes employee development appeared first on SustainCase - Sustainability Magazine.

]]> Endeavour Mining is a premier intermediate gold producer, with a solid track record of operational excellence, project development and exploration in the Birimian greenstone belt in West Africa. Employees are Endeavour’s most important resource, and developing their skills while creating a dynamic working culture are commitments that Endeavour remains faithful to.

This case study is based on the 2018 Sustainability Report by Endeavour published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Abstract

Endeavour firmly believes that in order to grow local talent, it needs to create the right environment for skill transfer and training.  Tweet This! In order to promote employee development Endeavour took action to:

  • create the “Endeavour Academy”
  • collaborate with training institutions
  • carry out performance appraisal reviews

What are the material issues the company has identified?

In its 2018 Sustainability Report Endeavour identified a range of material issues, such as employment and labour relations, sustainable and local procurement, water stewardship, hazardous materials & waste, anti-bribery and corruption. Among these, promoting employee development stands out as a key material issue for Endeavour.

Stakeholder engagement in accordance with the GRI Standards              

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups Endeavour engages with:

To identify and prioritise material topics Endeavour engaged with its stakeholders through the following channels:

Stakeholder Group                Method of engagement
Communities ·      Consultation Committees at various levels

·      Grievance mechanisms

·      Regular meetings with traditional and religious authorities as well as other community groups

·      Consultations, Environmental and Social Impact Assessments, Public hearings, Stakeholder Engagement Plans

·      Local cultural and sporting events

·      Newspapers, radio, television

·      Newsletters and noticeboards

·      Participation in local sporting and cultural events

·      Mine site visits

·      Community focal points
Employees ·      Staff representatives

·      Performance reviews and appraisals

·      Daily pre-start and toolbox meetings

·      Training programmes

·      Newsletters

·      Intranet
Authorities ·      Formal meetings and correspondence

·      Board meetings

·      Site visits and inspections

·      Presentation of annual reports

·      Government and private sector meetings

·      Chamber of Mines meetings and events

·      National and International Mining conferences
Unions ·      Union representatives meetings

·      Formal meetings, correspondence and events

·      Onsite training
Suppliers and contractors ·      Relationship building by procurement team

·      Supplier appraisal process

·      Tender documents process or Request for Quote Process

·      Supply contracts process or Purchase order process

·      Meetings with local businesses plus expediting and Quality Control
Shareholders ·      Investor roadshows

·      Access to meetings and calls, including with CEO/COO/CFO/VP IR

·      Conferences and forums

·      Site visits

·      Press releases, website and filed TSX regulatory documents

·      Responding to sustainability questionnaires

·      Responding to rating agency questionnaires
Associations ·      Partners in Endeavour’s community and livelihood restoration projects

·      Formal correspondence and meetings

·      CSR forum
Media ·      Publications and online information

·      Press releases and market statements

·      Interviews

·      Site visits

·      Short films

·      Regular coverage of site activities

·      Meetings with Journalists

·      Press events

What actions were taken by Endeavour to promote employee development?

In its 2018 Sustainability Report Endeavour reports that it took the following actions for promoting employee development:

  • Creating the “Endeavour Academy”
  • In 2018, Endeavour created the “Endeavour Academy” initiative to give visibility to all its skills transfer and training programmes, making sure that it continuously increases the level of expertise of its employees and that they possess the right skill set to run Endeavour’s business. The Academy constitutes an important staff retention tool, and encourages employees in their daily tasks.
  • Collaborating with training institutions
  • Endeavour has formed partnerships with training institutions to promote the mining industry to school and university students and hopefully create vocations. For example, Endeavour is partnered with the educational establishments in Côte d’Ivoire and Burkina Faso and offers internships to their students. In 2018, a total of 69,443 hours of training were offered by Endeavour, averaging 13 hours of training per employee. Endeavour carries out continuous training programmes for its employees and an intensive training programme during construction projects, alternating classroom and field teaching and, through its “Growing Local Talent” initiative, Endeavour’s supervisors and managers continuously assess its workforce to identify areas of skill mastery and leadership development potential to enhance training opportunities and promote internally wherever possible. As a result, in 2018, Endeavour identified 25 national employees to participate in its ongoing Management Development Programme in partnership with the University of Stellenbosh, which equips managers with necessary competencies to implement Endeavour’s strategic objectives and prepares them for roles that are more senior.
  • Carrying out performance appraisal reviews
  • At the end of 2018, each Endeavour employee went through a Performance Appraisal Review, where their performance was weighed against initial key performance indicators and targets. This leads to a performance-based compensation assessed on metrics such as production, health and safety, environmental compliance and other corporate goals and individual objectives in line with the newly created “Endeavour Reward” initiative. For the projects there is no performance evaluation, due to the short-term nature of the work.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standards addressed in this case are:

1) Disclosure 404-1 Average hours of training per year per employee

2) Disclosure 404-2 Programs for upgrading employee skills and transition assistance programs

3) Disclosure 404-3 Percentage of employees receiving regular performance and career development reviews

 

Disclosure 404-1 Average hours of training per year per employee corresponds to:

Disclosure 404-2 Programs for upgrading employee skills and transition assistance programs corresponds to:

  • Sustainable Development Goal (SDG) 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
  • Business theme: Employee training and education

Disclosure 404-3 Percentage of employees receiving regular performance and career development reviews corresponds to:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

FBRH GRI Standards Certified & ISEP recognised Sustainability Course | Venue: London LSE

By registering for the next 2-day FBRH GRI Standards Certified & ISEP recognised course you will be taking the first step in gaining the many benefits of sustainability reporting.

Most importantly, you will gain the knowledge to use the GRI Standards, project manage your own first-class sustainability report and:

  • Identify your most important impacts on the Environment, Economy and Society
  • Begin taking solid, focused, all-round sustainability action ASAP

 

References:

1) This case study is based on published information by Endeavour, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original, please revert to the original on the Global Reporting Initiative’s Sustainability Disclosure Database at the link:

http://database.globalreporting.org/

2) https://www.globalreporting.org/standards/gri-standards-download-center/

Note to Endeavour: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How Endeavour promotes employee development appeared first on SustainCase - Sustainability Magazine.

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