Pensana has become a signatory to the United Nations Global Compact, a voluntary initiative to encourage CEOs to implement universal sustainable principles and to take steps to support the UN sustainable development goals.
Pensana joins over 13,000 other businesses committing to uphold the Compact’s ten principles which are split across human rights, labour, environment and anti-corruption.
This commitment follows Pensana’s decision to become a partner of the Taskforce for Climate-related Financial Disclosure (TCFD).
The TCFD, chaired by businessman Michael Bloomberg, provides a framework for transparency on how businesses are responding to the climate crisis across the areas of governance, strategy, risk management and metrics and targets.
Tim George, Pensana’s CEO, commented:
“Joining both the United Nations Global Compact and becoming a partner of the Taskforce for Climate-related Financial Disclosure demonstrates our clear intent to develop a world class sustainable supply chain for rare earths. Both the UN Global compact and the TCFD provide externally recognised frameworks to report our progress.”