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Novo Resources Corp. (TSX:NVO) releases inaugural sustainability statement

Mining
TSX:NVO
16 November 2022 08:45 (EDT)

Source: Novo Resources Corp.

Novo Resources (NVO) has released its inaugural sustainability statement for the 12-month period ended June 30, 2022.

Mr. Mike Spreadborough, Novo’s Executive Co-Chairman and director, commented on the news.

“The company undertook its first sustainability materiality assessment in early 2022 in order to generate a roadmap to drive improvement and further build its governance framework to align with ambitions. Recognizing the growing demand for transparency in sustainability performance, we have identified a number of actions moving forward to ensure we deliver on our commitment to continue being open and honest. We see transparency as essential to good governance and responsible operation, moreover being in the best interest of our stakeholders. In the year to come, we will focus on identifying opportunities to further reduce risk and improve our business practices, make meaningful contributions to the communities in which we operate, and investigate decarbonization and emission reduction pathways.”

In early 2022, Novo engaged global sustainability consultancy Environmental Resource Management (ERM) to assess the company’s existing environmental, social and governance processes and controls to help identify gaps and progress efforts to achieving alignment with internationally recognized frameworks on best practices in sustainable operations.

Novo Resources Corp is engaged in the business of acquiring and exploring natural resource properties with a focus on gold. The organization has business interests in properties located in Australia, Canada, and the U.S.

Novo Resources Corp. (NVO) opened trading at C$0.395.


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