Environmental
Social Governance
Developing minerals to provide the planet with environmentally sustainable products.
Latin believes that environmental stewardship and social responsibility is integral to the success of its business. We continually strive to adhere to the best industry standards and governance in order to create additional value for our shareholders and stakeholders.
Latin has adopted the World Economic Forum ESG framework and has set up an impact measurement plan for each sustainability area which includes governance, anti-corruption practices, ethical behaviour, child labour, GHG emissions, land use, ecological sensitivity, water consumption, diversity and inclusion, pay equality and local tax payments. Measuring our impact and plans using SocialSuite allows us to transparently communicate our ESG credentials to our stakeholders.
Latin Resources is exploring and developing commodities that are assisting the planet to transition to net zero emissions.
A major initiative is the commencement of a three-year $3.2 million R&D project with CRC CARE investigating the potential use of halloysite from the Company’s Cloud Nine Halloysite-Kaolin Deposit in WA to reduce methane emissions from cattle, a major contributor to greenhouse gas emissions.
In Latin America, the company is focused on lithium exploration and development. Lithium is a key component of electric vehicle batteries and is making significant progress towards decarbonisation of the transport sector and reductions in fossil fuels from energy production.
Governance
The definition of governance is evolving as organisations are increasingly expected to define and embed their purpose at the centre of their business. But the principles of agency, accountability and stewardship continue to be vital for truly “good governance”.
Planet
An ambition to protect the planet from degradation including through sustainable consumption and production, sustainably managing its natural resources and taking urgent action on climate change, so that it can support the needs of the present and future generations.
People
An ambition to end poverty and hunger, in all their forms and dimensions, and to ensure that all human beings can fulfil their potential in dignity and equality and in a healthy environment.
Prosperity
An ambition to ensure that all human beings can enjoy prosperous and fulfilling lives and that economic, social and technological progress occurs in harmony with nature.
