We recognize how important protecting the environment is to all our stakeholders and doing so is one of our key corporate values: Health, Safety and Environment are embedded in our Code of Ethics. We comply with all host country environmental laws and regulations and we make every effort to comply with international good environmental practices and, in particular, the IFC 2012 Performance Standards. We apply the precautionary principle to minimize environmental risks and integrate the management of environmental, social, cultural, and economic issues into company business planning and risk management. We are committed to returning all sites back to a high environmental standard at the end of the project cycle.
To provide oversight, the Board is supported by a Social, Environmental, Health and Safety Committee that reviews site performance on a quarterly basis. The committee’s mandate includes both past performance as well as proposed implementation plans to allow for ongoing improvements.
To comply with local regulatory requirements, BMSC submits quarterly Environmental and Social reports to the Eritrean Ministry of Land, Water and the Environment and the Ministry of Energy & Mines; the 4th quarter report is combined into an annual report. The Eritrean Internal Review Committee verifies the report accuracy in a site visit, which includes visits by representatives from key ministries.