Mineral Resources (MinRes) has detailed its sustainability efforts and performance during the 2022-23 financial year (FY23).
The company released a sustainability report as part of its 2023 annual reporting suite, which provides a comprehensive look into its achievements over the FY23 period.
The report covers areas such as governance, health, safety and wellbeing, safe and respectful behaviours, diversity and inclusion, and Indigenous and community engagement.
“As a leading mining services company, we recognise the importance of sustainable mining practices throughout our business activities. We understand the challenges facing our industry and continue to strive to improve as a responsible business,” MinRes sustainability chair Susie Corlett and independent non-executive chair James McClements said.
“Responsible mining practices have never been more important, and effectively and transparently communicating our performance reinforces trust with our stakeholders. We remain focused on building and maintaining strong relationships within the communities in which we operate to create shared value.”
FY23 highlights include MinRes returning a total recordable injury frequency rate of 2.08 and lost time injury frequency rate of 0.07. MinRes’ workforce is now made up of 22 per cent female representation.
Environmentally speaking, the company created 376,951 tonnes of carbon dioxide equivalent through greenhouse gas emissions and rehabilitated 1217 hectares of land.
MinRes contributed $7.5 million to the community through its social investment program to support more than 120 organisations, and $444 million to local, state and federal governments. It made $769 million in underlying net profit after tax (NPAT) and its total capital expenditure totalled $1.8 billion.
“As we look to the future, we will continue to proactively identify sustainability opportunities and risks while progressing our long-term growth and strategic goals,” Corlett and McClements said.