12
OUR APPROACH TO 
SUSTAINABILITY
of global nickel  
SUPPLY IN 2025 used to 
manufacture  
stainless steel
62%
Centaurus considers 
sustainability 
fundamental to 
long-term value creation 
and integrates ESG 
considerations into all 
aspects of strategy, 
risk management and 
operational planninga.
ESG INTEGRATION
We believe that integrating ESG 
considerations from the outset of project 
development is essential for creating resilient 
and long-term value. Our approach includes:
	> Strategic planning: ESG is a core component 
of our strategic planning process, informing 
decisions on capital allocation, project 
design and growth opportunities.
	> Risk management: sustainability-related 
risks, such as climate change, community 
relations, and environmental approvals, 
are integrated into our company-wide 
enterprise risk management framework.
Nickel plays a critical role in modern 
economies and the global energy transition. 
Its biggest use is in producing metal alloys, 
with approximately 62% of global nickel 
production currently used to manufacture 
stainless steel. More recently, nickel is seen as 
one of the key industrial metals powering the 
clean energy revolution because of its use in 
the production of lithium-ion (Li-ion)batteries. 
Future production from Jaguar is expected 
to contribute to technologies supporting 
decarbonisation and energy storage. 
Centaurus recognises the global concern 
over climate change and is committed to 
the drive towards energy efficiency and the 
adoption of strict carbon emissions targets 
by international governments. We actively 
promote the continued interest in renewable 
energy technologies involving batteries 
and energy storage. Enabling clean energy 
solutions is central to Centaurus’ efforts to 
tackle climate change.
In late 2021, the Company adopted a formal 
ESG policy framework. This framework is 
based on the recommendations and principles 
of two internationally recognised ESG 
authorities:
	> Towards Sustainable Mining (TSM) Principles
	> Principles of Responsible Investment (PRI)
The TSM standard, developed by the Mining 
Association of Canada (MAC), is a globally 
recognised sustainability program that 
supports mining companies in managing 
key environmental and social risks. It 
provides a set of tools and indicators to drive 
performance and ensure that key mining risks 
at any operation are managed responsibly. 
The most important Mining Associations in the 
Brazilian mining industry, IBRAM and Agency 
for Development and Innovation of Brazil’s 
Mining Sector (ADIMB), have both endorsed 
and promote the TSM Principles. Centaurus is 
an active member of both associations.
Adoption of these principles is voluntary, yet 
the Company sees wide-reaching benefits 
in how we manage and report community 
relations, environmental sustainability, and 
the health and safety of our employees and 
the community. A summary of the guiding 
Principles of TSM, and how Centaurus is 
tracking against these, is presented at the end 
of this Sustainability Report.
The PRI defines responsible investment 
as a strategy and practice to incorporate 
environmental, social and governance 
factors in investment decisions and active 
ownership. The PRI is a global organisation 
that encourages and supports the uptake 
of responsible investment practices within 
the investment industry. It was created as 
an investor initiative in partnership with the 
United Nations Environment Programme 
(UNEP) Finance Initiative and the UN Global 
Compact.
Centaurus’ ESG program combines the 
TSM and PRI principles to guide our actions 
throughout the exploration, development and 
operational phases of all our projects. 
Since the Company started business in 
Brazil, our approach to exploration and 
project development has been based on a 
commitment to sustainability. Along this 
journey, we have learned important lessons 
and our approach to sustainability has 
evolved as we learn more about the minerals 
we target, their use in combating climate 
change and the country and communities in 
which we operate.  
Our approach to sustainability can be divided 
into four key focus areas – Environment, 
People, Community and Governance. 
We continue to evolve our governance 
frameworks to ensure that integrity across all 
our business functions remains robust, and 
that our actions are ethically, socially and 
environmentally right for all our stakeholders.

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