Sustainability is the future
There is no future without it. At The Perth Mint, we’re committed to playing our part towards being carbon neutral by 2050.
As the oldest mint in Australia and at the forefront of gold production for more than 100 years, we feel responsible for the sustainable management and efficient use of our country’s natural resources.
We’re making changes in how we go about our day-to-day business - introducing new practices and measures to reduce our carbon footprint as we progress towards our target.
Our past is important to us, but the future will be our golden years. To find out more about how we’re making progress, please read our reports below.
So why are we doing this?
Our ambition is to become the sustainability benchmark for the precious metals industry around the world. As one of the largest and most reputable refiners in the southern hemisphere, we take our responsibility in this journey seriously. Find out why the future is gold.
Commitment to sustainability
The Sustainability Commitment 2021 outlines our approach through a culture of responsibility embedded at The Perth Mint and reflected in how we source our precious metals, treat our natural environment and treat each other.
Setting the benchmark for global industry - five pillars
To become the sustainability benchmark in the precious metals industry, we will pursue five strategic pillars. These pillars inform our material topics - the topics most important to The Perth Mint and our stakeholders - and align to the Global Reporting Initiative (GRI) Standards, the global best practice for sustainability reporting.
We will embrace a sustainability mindset. Sustainability is everyone’s responsibility; we aim to be the sustainability benchmark.
We will continue to build the policies, expectations, standards, tools, and procedures to become the ESG benchmark.
We will take a proactive approach to external engagement, being open and transparent in our communications.
Our value chain will be responsible and sustainable, forming the benchmark for the industry and attracting the value chain partners we want to work.
We will take responsibility for the local environments where our people live, work, and operate, delivering initiatives to protect and improve them.
Establishing a baseline
To become the industry sustainability benchmark, The Perth Mint identified seven material topics in 2021/22 from which to establish a baseline for reporting. Our current performance has therefore been outlined in our Sustainability Report.
Material issues for 2021
Safety and wellbeing
The health and safety of all our stakeholders is at the heart of our activities. Employee wellbeing is embedded in our culture, from the top down.
Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF)
A clear, transparent and appropriate risk appetite drives our customer and supplier onboarding decision-making process and is the filter through which we continually evaluate all of our business relationships.
Waste and hazardous materials management
Our respect for the environment motivates us to do more than just meet external compliance standards.
Ethical and sustainable supply chain
We aim to consistently exceed societal expectations in the ethical sourcing of our inputs and the placement of our products across the global value chain.
Ethics and values
We strive to be considered ’clean’, above board and beyond reproach by the industry.
Cyber, data and privacy
We seek to ensure that our data and the data of those we interact with is secure, protected, safe and well managed.
Air emissions and quality
We will focus on reducing all atmospheric emissions from our operations. We will develop a roadmap to net zero carbon, set ambitious targets and invest resources in meeting them.
In addition our material topics, we continue to invest in employee diversity, inclusion and engagement and in community relations. Find out more about how we value people and communities.