Environment, Social and Governance

Environment

  • Positive Climate Action: Savannah’s lithium could help to remove millions of tonnes of CO2 from the EU transport sector.
  • Impact Mitigation: The Environmental Impact Assessment features a host of individual measures to eliminate, mitigate, or minimise impacts.
  • Air Quality: Active dust suppression including spraying unpaved roads.
  • Decarbonisation Strategy: Initiated targeting net-zero Scope 1 & 2 carbon emissions over the life of the Project.
  • Water Usage: Project to be self-sufficient through on-site water harvesting and storage, & wastewater recycling.
  • Smart Project Design: Impact of transport, noise, light and dust emission minimised.

Social

  • Social Benefits: Committed to sharing the socio-economic benefits the Project can bring with local communities.
  • Jobs: The Barroso Lithium Project is expected to create hundreds of long-term direct jobs.
  • Local Supply Chain: Preference for sourcing from local suppliers could create hundreds of additional indirect jobs too.
  • Stakeholder Engagement: Project Information Centres opened in local communities.
  • Community Support: Sponsorship of local cultural and sporting events & teams; donations to local firefighting service (forest fire mitigation); repairs made to local housing stock.

Governance

  • Corporate Governance and Transparency: As a UK Plc listed on the AIM market of the London Stock Exchange, transparency is obtained on a similar basis for all shareholders, as the Company adheres to all reporting requirements.
  • Adherence to Governance Standards: Adherance to QCA Corporate Governance Code.
  • Board and Shareholder Alignment: Directors’ and partners’ interests are aligned with those of other shareholders as they have invested in the business and own over 30% of the Company.