Ecology and Social Justice
Materials that power our technology are often sourced under dangerous and polluting conditions. Province Resources is committed to global best practice in safety, employment rights, environmental protection, and accountability. Province Resources will also use all endeavors to ensure its own supply chain does not contribute to human rights abuses, such as using products defined as conflict minerals.
Province Resources license areas in Sweden and Australia host a diverse array of flora and fauna. We are committed to ensuring that our activities will not impact on this diversity and hope to have a positive impact on expanding and protecting it. Province Resources is committed to the highest levels of environmental protection through positive engagement with the Western Desert Lands Aboriginal Corporation (WDLAC) and Martu people in Western Australia with the Environmental Protection Agency and local municipalities in Sweden.
Province Resources' Responsibility Commitments outline our intentions to be outstanding corporate citizens locally and globally. Follow the links below for more information on the organizations and standards:
Environmental, Social and Governance (ESG)
Adoption of Global Standard for ESG Reporting
The Company has adopted the global standard for Environmental, Social and Governance (ESG) metrics and disclosures as released by the World Economic Forum. Province has engaged Socialsuite, a global leader in impact management, measuring a company’s sustainability and ethical impact.
Adopting an ESG Framework
Environmental, Social, Governance (ESG) and impact investing have become key terms for both investors and fund managers, leading a new path to how companies are being researched whilst also influencing fixed income investments. In 2020, 33% of the $51.4 trillion in total U.S. assets under professional management use ESG investment criteria, with demand for ESG compliance continuing to rise sharply².
Measurement of ESG metrics offers a tool and roadmap for investors and society to hold companies to account, to make sure that the issues we care about throughout society including, climate change, social justice, equality, diversity and environmental protection to name a few, are reflected and appropriately addressed by the company in focus.
Province Baseline ESG Dashboard
The dashboard below, developed by Socialsuite, will be reported by the Company at regular intervals and will provide an easy way for investors to assess the development of the Company’s aim and journey to become a “best in class” ESG Company.
Cultural Awareness Training
Province Resources maintains a core tenet of establishing positive, productive and enduring relationships with Traditional Owners of the land, local communities, and landholders. We believe these relationships are critical to the success of any project. The Company has commenced engagement with both the Ingaarda and Baiyungu peoples upon whose land the HyEnergy project is planned. Cultural Awareness is an important part of understanding the history and connection to country that Aboriginal people have. In recognition of this, Company personnel working on the project have undergone cultural awareness training given by an Ingaarda Elder, and the Company looks forward to continuing the relationship with the Traditional Owners as the project progresses.