Ensuring a Responsible and Sustainable Mining Sector

Commitment to Responsible and Sustainable Mining

At SMDF, we are deeply committed to leading the way in sustainable and responsible mining practices. We understand that mining is not only an economic opportunity but also a responsibility to protect the environment, empower communities, and uphold the highest ethical standards.

Community Empowerment

We prioritize building strong, mutually beneficial relationships in the communities in which our portfolio companies operate. Our commitment to community empowerment goes beyond job creation; it encompasses skills development, infrastructure investments, and ensuring that our f activities align with local needs and priorities.

Ethical Governance

Transparency, accountability, and integrity are the cornerstones of our governance framework. We have rigorous processes, policies, and procedures to prevent corruption and uphold the highest ethical standards in all aspects of the mining projects we finance.

Environmental Preservation

We support thorough environmental impact assessments before starting any mining activities, and we continuously seek ways to reduce the environment footprint and protect natural resources.

Safety & Well-being

The safety and well-being of the workforce in mining projects we finance are non-negotiable. We ensure adherence to international safety standards and prioritize the health and security of workers.

Transparency & Accountability

We believe in transparency and accountability as essential components of responsible mining. Our comprehensive sustainability reports detail our initiatives, performance, and progress toward our sustainability goals in the mining projects we finance. These reports are accessible to our stakeholders, reflecting our commitment to open communication.

Sustainability is a Collaborative Journey

Fatima Umaru Shinkafi

Executive Secretary / Chief Executive Officer

In the dynamic landscape of the mining sector, sustainability has evolved from a concept into a pivotal guiding principle. It’s more than a commitment; it’s a profound understanding that our role extends beyond resource extraction.

At the heart of our strategy lies a dedication to sustainable mining practices, environmental stewardship, and the well-being of the communities we touch. We recognise that our actions today will reverberate long into the future, and this realisation has transformed how we approach every project and partnership.

Sustainability is a collaborative journey. We invite partners, stakeholders, and visionaries who share our passion for a sustainable future. Together, we can set new industry standards, challenge conventions, and pave the way for responsible and prosperous mining ventures in Nigeria.

Key Milestones in our Sustainability Journey

We’ve made significant progress in integrating sustainability into our operations, developing responsible sourcing frameworks and guidance documents in line with OECD due diligence guidelines.

Responsible Mining Framework & Guidance Document

The responsible mining framework and guidance document is a document developed as a multi- stakeholder initiative on responsible supply chain management focusing on risk-based due diligence based on globally accepted and followed standards such as the London Bullion Market Association (LBMA) and the Organisation for Economic Co-operation and Development (OECD).

Responsible Sourcing Toolkit for Suppliers

The responsible sourcing toolkit provides checklists and questionnaires to guide companies in reporting on their commitments, due diligence processes, and actions related to responsible sourcing.

Responsible Sourcing Guidelines for Buying Centres and Cooperatives

The responsible sourcing guideline document outlines a comprehensive procedure for cooperatives and buying centers to establish policies, assess risks, conduct due diligence, and ensure regular supply chain monitoring and control.

Join Us in Building a Sustainable Future.

Sustainability is not an option; it’s our shared responsibility. We invite you to join us in shaping a sustainable future for the mining industry through financing and investment. Together, we can make a meaningful impact, not only in the mining sector, but also in the communities and environments we touch.