Northern Star’s approach is to create sustainable and profitable value for our shareholders and other stakeholders through ongoing review and improvement of our environmental, social and governance performance. We aim to achieve this by identifying, managing and mitigating risks and impacts from our operations while delivering superior outcomes for our shareholders, our people, our communities, and our natural environment.
Our approach to sustainability is underpinned by our STARR Core Values and framed by our governance structures and systems. Our STARR Core Values, together with our Code of Conduct and our Group policies, are fundamental to the sustainability of our operations. They are integral to the working lives of all our employees and operations, and they define what it means to work at Northern Star. They are at the heart of our culture and the way we do business.
Our commitment to improving our Environmental, Social and Governance (ESG) performance is clearly demonstrated through the business wide ESG targets and KPIs that we set ourselves and through our ESG performance targets forming significant proportions of our leadership team’s remuneration.
By monitoring and tracking local to global ESG developments and priorities, we ensure that we remain informed and able to proactively respond to our stakeholders and the ESG issues important to them. We do this using a range of approaches including sector, industry and peer benchmarking and gap analyses, stakeholder and investor surveys, and employee ESG focus groups.
We have in the past engaged a leading strategic communications firm to benchmark our ESG performance against that of our peers and provide us with guidance for improving our performance and ESG disclosures. We also completed gap analyses of our sustainability reporting against the SASB and GRI Standards, and against the Climate Action 100+ disclosure indicators. As a result, we have significantly increased the performance metrics our reports and will continue to aim for best practice in our Sustainability Report disclosures.
We are committed to transparently reporting our ESG performance and to act on areas identified for improvement.
Lifecycle of a Mine