100%
of gold and gold-bearing materials produced do not cause, support or benefit unlawful armed conflicts or contribute to serious human rights abuses
100%
of products with communicated safety data sheets and declarations on product hazards
0
proved or probable reserves in or near active conflict areas
We do not sell our products to the public and sell directly to our customers (i.e. smelters, traders, agents), who have been acquired through customer intelligence and market references. Since all products are sold in bulk to downstream refineries for secondary treatment, they do not require packaging or product labeling and information. Furthermore, we:
•F ollow the precautionary approach for all our road and marine shipments from Olympias and Stratoni (even zinc concentrates) and all our shipments are characterized as hazardous (i.e. as including substances such as arsenic), and are therefore conducted under the European Agreement Concerning the International Carriage of Dangerous Goods by Road and International Maritime Organization (IMO) regulations while shipped from our production sites to smelters • Exclusively hire subcontractors certified and trained to follow the standards and procedures relevant to the aforementioned guidelines regarding product transportation with respect to emergency response and security • Closely monitor our product shipments until final arrival to customers, in order to ensure safe delivery • Follow national purity limits, as for example with lead and zinc concentrates, which have higher arsenic content than the respective Chinese import limit, and are therefore sold to non-Chinese markets or to blending facilities in bonded areas at Chinese ports • Do not undertake product recycling (no products are reclaimed), as all our metal products are sold to downstream refiners for further processing.
4 | Responsible Sourcing Our objective is to improve our supply chain through systematic supplier and contractor management, as well as utilize existing transportation networks and transit stations around our projects to transport our products, in order to increase operational efficiency and reduce high stocks in our warehouses. Being aware of the obligations we have due to our size and nature of activities, we cooperate with our suppliers to deploy Corporate Responsibility within our value chain.
Did you Know?
Ecological Backpack of Products and Metals An Ecological Backpack looks at hidden material flows and is calculated as the total quantity (in kg) of materials moved from nature to create a product or service, minus the actual weight of the product. The ecological backpack of some materials changes over time as they become rarer or as technology makes extraction or processing more efficient. For example, copper has moved from an ecological backpack of 1:1 when copper nuggets were easy to find to 500:1 when copper is extracted from sulphide ores. Other products have a much higher ecological backpack than expected because of their production complexity. For example: • A 5 gram gold ring was found to have an ecological backpack of 2,000 kg • An aluminum drink can was found to have an ecological backpack of 1.2 kg • A 20 kg computer was found to have an ecological backpack of 1,500 kg. Source: Wuppertal Institute for Climate, Environment and Energy
Influencing our supply chain We fully acknowledge that our suppliers’ activities can influence our own responsible operation and therefore include our Contractor Safety Rules in all tender notices, which also constitute a key section in all contracts. All our contractors and suppliers have to comply with the MACTSM Prevention of Child and Forced Labour Verification 96
Hellas Gold
