Galiano 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 14:30:27 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 Case study: How Galiano creates economic value for its stakeholders https://sustaincase.com/case-study-how-galiano-creates-economic-value-for-its-stakeholders/ Wed, 14 Dec 2022 08:15:27 +0000 https://ccprowebs.com/new-sustaincase.com/?p=14523 Galiano Gold Inc. (Galiano) is a publicly-traded precious metals mining company headquartered in Vancouver, BC, Canada, whose principal asset is the large-scale, multi-pit Asanko Gold Mine. This case study is based on the 2020 Sustainability Report by Galiano, 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 Enhancing benefits to its stakeholders, while simultaneously mitigating and managing […]

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

]]> Galiano Gold Inc. (Galiano) is a publicly-traded precious metals mining company headquartered in Vancouver, BC, Canada, whose principal asset is the large-scale, multi-pit Asanko Gold Mine. Galiano’s vision is to create a sustainable business, capable of long-term value creation for its stakeholders.  Tweet This!

This case study is based on the 2020 Sustainability Report by Galiano, 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

Enhancing benefits to its stakeholders, while simultaneously mitigating and managing risks resulting from its business activities, is a top priority for Galiano. In order to create economic value for its stakeholders Galiano took action to:

  • create economic value for employees
  • create economic value for the government of Ghana
  • support communities

What are the material issues the company has identified?  

In its 2020 Sustainability Report Galiano identified a range of material issues, such as business ethics, diversity and equal opportunity, waste management, community relations, energy and emissions. Among these, creating economic value for its stakeholders stands out as a key material issue for Galiano.

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 Galiano engages with:

Stakeholder Group                Method of engagement
Employees and contractors

 

 

 

 ·      Meetings

·      Regular briefings

·      Monthly newsletter

·      Engagement surveys

·      Grievance mechanism
Local communities

 

 

 

 ·      Meetings

·      Company/community forums, associations, committees

·      Open-door policy at site office

·      Community information centres

·      Monthly newsletter

·      Galiano website / Social Media

·      Ceremonial gatherings

·      Grievance mechanism
Traditional authorities

 

 

 ·      Meetings

·      Company/community forums, associations, committees

·      Grievance mechanism
Suppliers

 

 ·      Meetings

·      Contract management

·      Due diligence assessments

·      Grievance mechanism
Ghana mineworkers union

 

 ·      Meetings

·      Site visits

·      Grievance mechanism
Ghanaian government/ public sector partnerships

 

 ·      Meetings

·      Multi-stakeholder roundtables

·      Active partnerships and collaboration

·      Site visits

·      Compliance and progress reporting

·      Sustainability Reports
Industry bodies

 

 ·      Chamber of Mines meetings

·      Annual Mines Safety Competition

·      Regular inspection visits to project sites
Non-governmental organisations

 

 ·      Meetings

·      Multi-stakeholder roundtables

·      Site visits

·      Compliance and progress reporting

·      Sustainability Reports
Shareholders, investors and analysts ·      Press releases

·      Quarterly videocasts

·      Conferences

·      Site visits

·      Annual and Sustainability Reports

·      Annual General Meetings

·      Face-to-face meetings
Gold Fields (JV partner) ·      Meetings

·      Site visits

·      Compliance and progress reporting
Media ·      Press releases

·      Galiano website / Social Media

·      Briefings with management

·      Sustainability Reports

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Galiano engaged with its stakeholders through surveys distributed to key internal and external stakeholder group members, including employees, contract workers, union members, suppliers, community members, investors, NGOs, government representatives, and civil agencies.

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

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

  • Creating economic value for employees
  • Human capital is Galiano’s greatest asset. Galiano recognises the value of its people in the pursuit of its objective to be a top industry employer and world-class mining company. Accordingly, in 2020 Galiano spent $39,238 million in employee wages and benefits.
  • Creating economic value for the government of Ghana
  • In 2020, Galiano spent $28,992 million in payments to the government of Ghana.
  • Supporting communities
  • In 2020, Galiano spent $1,308 million in community investment.

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 Galiano, 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://s24.q4cdn.com/325379252/files/doc_financials/2020/ar/2020-Galiano-CSR_Oct-18-2020_FINAL.pdf

Note to Galiano: 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 Galiano creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Galiano respects and promotes human rights https://sustaincase.com/case-study-how-galiano-respects-and-promotes-human-rights/ Mon, 18 Oct 2021 06:10:12 +0000 https://ccprowebs.com/new-sustaincase.com/?p=12962 Headquartered in Vancouver, BC, Canada, Galiano Gold is a precious metals mining company focused on creating a sustainable business capable of long-term value creation for its stakeholders through organic production growth, exploration and disciplined deployment of its financial resources. and corporate social responsibility. This case study is based on the 2019 Sustainability Report by Galiano 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 […]

The post Case study: How Galiano respects and promotes human rights appeared first on SustainCase - Sustainability Magazine.

]]> Headquartered in Vancouver, BC, Canada, Galiano Gold is a precious metals mining company focused on creating a sustainable business capable of long-term value creation for its stakeholders through organic production growth, exploration and disciplined deployment of its financial resources. Respect for human rights is a fundamental component of Galiano’s commitment to ethical business conduct  Tweet This! and corporate social responsibility.

This case study is based on the 2019 Sustainability Report by Galiano 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

As a globally responsible mining company, Galiano respects human rights as articulated within, among others, the Universal Declaration of Human Rights. In order to respect and promote human rights Galiano took action to:

  • implement a Human Rights Policy
  • combat forced and child labour
  • promote human rights among security personnel
  • use grievance mechanisms

  • use grievance mechanisms

What are the material issues the company has identified?

In its 2019 Sustainability Report Galiano identified a range of material issues, such as climate change adaptation, health and safety, environmental stewardship and compliance, contributing to community. Among these, respecting and promoting human rights stands out as a key material issue for Galiano.

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 Galiano engages with:

Stakeholder Group                Method of engagement
Employees and contractors ·      Meetings

·      Regular briefings

·      Monthly newsletter

·      Engagement surveys

·      Grievance mechanism
Suppliers ·      Meetings

·      Contract management

·      Due diligence assessments

·      Grievance mechanism
Local / host communities ·      Face-to-face meetings

·      Company/community forums, associations, committees

·      Open-door policy at site office

·      Community information centres

·      Monthly newsletter

·      Galiano website

·      Ceremonial gatherings

·      Grievance mechanism
Ghanaian government /

public sector partnerships

 ·      Face-to-face meetings

·      Multi-stakeholder roundtables

·      Active partnerships and collaboration

·      Site visits

·      Compliance and progress reporting

·      Sustainability Reports
Labour union ·      Face-to-face meetings

·      Site visits

·      Grievance mechanism
Shareholders, investors and analysts ·      Press releases

·      Quarterly videocasts

·      Conferences

·      Site visits

·      Annual and Sustainability Reports

·      Annual General Meetings

·      Face-to-face meetings
Gold fields ·      Face-to-face meetings

·      Site visits

·      Compliance and progress reporting
Traditional authorities ·      Face-to-face meetings

·      Company/community forums, associations, committees

·      Grievance mechanism
Industry bodies ·      Chamber of Mines meetings

·      Annual Mines Safety Competition

·      Regular inspection visits to project sites
Non-governmental organisations ·      Face-to-face meetings

·      Multi-stakeholder roundtables

·      Site visits

·      Compliance and progress reporting

·      Sustainability Reports
Media ·      Press releases

·      Galiano website

·      Briefings with management

·      Sustainability Reports

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Galiano engaged with its stakeholders through surveys distributed to key internal and external stakeholder groups including employees, contract workers, union and non-unionised employees, suppliers, community members, investors, Non-Governmental Organisations (NGOs), government representatives, and civil agencies.

What actions were taken by Galiano to respect and promote human rights?

In its 2019 Sustainability Report Galiano reports that it took the following actions for respecting and promoting human rights:

  • Implementing a Human Rights Policy
  • In 2019, Galiano drafted a stand-alone Human Rights Policy which was approved and adopted in early 2020 and in which the company makes an overarching commitment to:
    • Avoid causing or contributing to adverse human rights impacts through its business activities, and address such impacts if they occur
    • Seek to prevent or mitigate adverse human rights impacts that are directly linked to its operations
    • Ensure it has and promotes accessible mechanisms in place for stakeholders to raise concerns and seek remedy for issues related to human rights
  • Combatting forced and child labour
  • Galiano’s operations are not at risk for incidents of forced or compulsory labour and the company has strict proof-of-age requirements upon hiring, preventing anyone under the legal industrial working age of 18 from obtaining employment and its contractors and supply chain must also adhere to this requirement. While the Asanko Gold Mine is not at risk for child labour, this risk may exist in the region due to the presence of artisanal mining sites. There were no reported incidents of either forced or child labour practices at Galiano’s operations in 2019.
  • Promoting human rights among security personnel
  • Galiano undertakes the necessary precautions to protect both its people and its assets in a responsible manner that ensures the rights of host communities are respected. Galiano’s private AGM security personnel are carefully screened and, as per Ghanaian law, are not authorised to carry arms. Risk assessment and security practices are aligned with the Voluntary Principles on Security and Human Rights and Galiano will train its on-site, private security contractors to further understand and meet their responsibility to respect human rights, including risk assessments, incident reporting, and the responsible use of force. Initial training in the Voluntary Principles was planned for delivery in early 2020 but has been delayed until travel and visits to site resume in the context of COVID-19.
  • Using grievance mechanisms
  • The Galiano Human Rights Policy, Whistleblower Policy, Galiano’s open-door approach and collective bargaining agreements in the workplace, and the AGM Community Complaint and Grievance Management Procedure all provide a governance foundation from which to ensure employees, contractors, and host communities all have legitimate and accessible ways to express their concerns regarding ethical practices and any social or environmental impacts.

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

The GRI Standards addressed in this case are:

1) Disclosure 408-1 Operations and suppliers at significant risk for incidents of child labor

2) Disclosure 409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labor

 

Disclosure 408-1 Operations and suppliers at significant risk for incidents of child labor corresponds to:

Disclosure 409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labor 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 Galiano, 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 Galiano: 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 Galiano respects and promotes human rights appeared first on SustainCase - Sustainability Magazine.

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