Building a sustainable future
The Group is playing a significant role in changing the face of the Russian Far East. Both employees and management at Petropavlovsk understand their responsibility for the environment within which they live and work. Therefore, social investment is a key area of attention for the Group.
From day one social and environmental responsibility has been prioritised within the Group's strategic thinking. The Group is committed to improving the quality of life for its employees and for the local community as a whole, working with government development programs and supporting traditional Russian values.
The Group provides funding for health services, education, and childcare and sponsors a variety of sporting, cultural and charitable events.
The Group has adopted a strategy for sustainable development aimed at improving its performance in environmental, health, safety and social development through the continuous application of international best practices. In particular, this means that the Group will continue to implement the IFC Performance Standards; align itself with the Guidelines for Reporting on Sustainable Development and the Global Reporting Initiative ("GRI") and to operate in accordance with the principles of sustainable development of the International Council of Mining and Metals (ICMM), the International Cyanide Code and the recommendations of the World Council of gold ("WGC").