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GTI Resources Ltd (GTI or Company) is pleased to advise that the Company has adopted the internationally recognised Environmental, Social and Governance (ESG)StakeholderCapitalismMetricsframework with 21 core metrics and disclosures created by the World Economic Forum (WEF).
Executive Director, Bruce Lane commented:
"The GTI board is committed to best practice governance and will monitor and report the Company's activities against the 21 Core Metrics identified by the World Economic Forum1. The WEF ESG framework is helping us to create transparency around aspects of our operation so that our stakeholders can evaluate our performance in these key areas. In particular the Company is transitioning to carbon neutral operations as it seeks to develop its clean energy projects in the US. I am delighted that GTI has adopted this universal ESG reporting framework as we strive to define economic ISR uranium resources in Wyoming's Great Divide Basin. GTI ultimately aims to supply the rapidly expanding nuclear power industry which is experiencing transformative growth as part of the aggressive global push towards NetZero emissions."
ADOPTING AN ESG FRAMEWORK
The context in which the Company operates has been transformed by climate impact, nature loss, and social unrest around inclusion and working conditions. In particular the globally supported move towards significantly reduced carbon emissions is driving a transformation of the global energy business including a spectacular resurgence of the nuclear energy industry. This new global environment is challenging the traditional expectations of corporations and redirecting investment capital. At the start of 2020, global sustainable investment reached US$35.3 trillion in five major markets, a 15% increase in the past two years (2018‐2020)2. GTI is charting a course to address the rapidly expanding future need for uranium to provide emissions free nuclear power. Ultimately GTI aims to build corporate resilience and enhance our social licence through a commitment to long‐term, sustainable value creation that embraces the wider demands of people, planet and shared prosperity.
This article includes content from GTI Resources (ASX:GTR), licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.