Appian regards social, environmental and governance standards as crucial elements within all investment opportunities and is committed to working to ensure that all of its portfolio companies adhere to international best standards. Mining requires collaboration from all stakeholders to support the project development in return for the greater social and financial benefit that a mine can bring to isolated communities and governments.
As part of Appian’s 360° due diligence process, the team reviews both the social and environmental aspects associated with all potential investment opportunities. This process generally involves a comprehensive review of existing environmental liabilities, rehabilitation and closure plans, local legislation and permitting requirements, local communities and other operating mines in the region. The Appian team is keenly aware of the continuous need for the social license to operate and ensures all projects and investment opportunities evaluated have a well-established and long term workable social license.
Appian has been accepted as a signatory to the United Nations-backed Principles for Responsible Investment (the "Principles"). The Principles are a set of internationally accepted guidelines, which ensure that all signees adhere to best-in-class responsible investment practices in relation to environmental, social, and governance (“ESG”) issues. Appian has been a member since founding.
The six Principles are:
In signing the Principles, we publicly commit to adopt and implement them, where consistent with our fiduciary responsibilities.
For further information about the Principles, please click here.
Health, safety, environmental, and community programs consistently remain the top priority of all Appian portfolio companies throughout the life of the investment. The long-term value creation that is core to Appian’s mandate is not one-sided but, is rather viewed as an opportunity to give back to local communities and the environment through the implementation of robust social programs and the adherence to Tier 1 environmental practices.
All of Appian’s portfolio companies have delivered significant benefits to the local communities and stakeholders. We are believers in strong partnerships with local communities, which has led to the implementation of numerous social programs, and knowledge and skill advancements for the local stakeholders. Each of Appian’s existing portfolio companies maintains a comprehensive health, safety, environmental, and community program. Beyond providing over 1,400 direct employment and training opportunities to remote communities, and thousands more indirectly, Appian’s portfolio companies undertake a number of community initiatives, including but not limited to:
Roxgold has successfully demonstrated a commitment to conducting its mineral exploration and development activities in accordance with international best practices.
Roxgold has successfully demonstrated a commitment to conducting its mineral exploration and development activities in accordance with international best practices outlined in the International Finance Corporation’s (“IFC”) Performance Standards on Environmental and Social Sustainability, who are a major shareholder. Roxgold’s comprehensive Health, Safety, Environment and Community (“HSEC”) Policy ensures that environmental responsibility and community engagement remain at the forefront of day-to-day operations while maintaining a work environment conducive to workers’ health and safety. A brief summary of Roxgold’s HSEC policy is highlighted below:
From resource development through to the achievement of run rate production and beyond, Avanco has consistently maintained its emphasis on the importance of outstanding ESG performance.