Fair Pay & Worker Respect
0
As a large-scale mining operator, the company is inherently responsible for the safety, labor rights, and compensation of its direct workforce, making this value highly applicable to its operational model. Resolute Mining Limited (RSG.ASX) demonstrates a commitment to worker safety and fair pay through transparent reporting and international certifications, though some quantitative disclosures remain limited. Regarding safety, the company reported a Total Recordable Injury Frequency Rate (TRIFR) of 2.11 per million hours worked in 2024, which improved to 1.87 in 2025.
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These rates align with the rubric's tier for zero-harm ambitions (1.8–2.0 range). The company also maintains ISO 45001 certification for Occupational Health and Safety across its operations.
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In terms of pay equity, Resolute conducts bi-annual analyses and reports "no material gender pay gap" for like-for-like roles.
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While it acknowledges underrepresentation of women in senior and technical roles, the transparent reporting of these audits supports a tier of 10.
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For labor violations, the company reported zero regulatory non-compliances, zero industrial disputes, and zero community grievances in both 2024 and 2025.
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It also completed a group Human Rights Risk Assessment and adheres to the Conflict-Free Gold Standard and Voluntary Principles on Security & Human Rights.
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Data was not available for the CEO-to-median pay ratio, living wage coverage, turnover rates, or the specific percentage of the workforce covered by collective bargaining or health insurance, although the company provides onsite medical facilities and malaria mitigation programs for its workers in Mali and Senegal.
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Fair Trade & Ethical Sourcing
-20
As a gold mining company operating in West Africa, Resolute Mining faces inherent risks regarding artisanal and small-scale mining (ASM) encroachment, child labor, and human rights abuses within its supply chain and broader operational footprint. While the company is not a manufacturer of consumer goods, the gold industry is high-risk for ethical sourcing concerns, requiring rigorous due diligence to prevent the integration of conflict-affected or forced-labor-sourced gold. Resolute Mining (RSG.ASX) demonstrates a structured approach to ethical sourcing through adherence to international frameworks, though quantitative data for several KPIs remains undisclosed. Regarding 'audit_frequency', the company undergoes annual external audits against the World Gold Council’s Responsible Gold Mining Principles (RGMPs), which includes supply chain components, justifying a tier of -60 (annual tier 1 audits).
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For 'forced_child_labour_incidents', the company reported zero significant community grievances or regulatory non-compliances in 2024.
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It maintains a strict Supplier Code of Conduct and is currently conducting a group-wide human rights assessment to review impacts across its supply chain, supporting a tier of -10.
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In terms of 'ethical_clause_coverage', the company explicitly states that it has included human rights and modern slavery provisions in its commercial agreements.
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While the exact percentage of contracts covered is not provided, the description of these as standard 'commercial agreements' within their governance framework suggests a robust application, warranting a tier of -40. Other KPIs such as 'fair_trade_cert_share', 'traceability_coverage', and 'supplier_diversity_spend' were omitted due to a lack of specific quantitative evidence in the provided articles.
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Although the company distributed $778 million in economic value to Mali and Senegal and prioritizes local stakeholders, it does not disclose the specific percentage of procurement budget directed to diverse or local suppliers as defined by the rubric.
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Honest & Fair Business
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Gold mining is a high-risk sector for corruption and transparency issues, but the core business of extraction does not inherently advance or harm honest business practices; the score is neutral, pending behavioral evidence of regulatory compliance or transparency. Resolute Mining (RSG.ASX) scores are primarily driven by a significant $160 million settlement with the Malian government in late 2024.
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This payment resolved claims related to taxes, customs levies, and offshore account management, following the 10-day detention of the CEO and two other executives by the Malian junta.
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While the company characterizes this as a settlement in a complex political environment, the scale of the fine ($100M–$250M range) and the associated charges of "forgery and damaging public property" trigger a -70 tier for regulatory fines and a -70 for ESG controversies.
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On transparency, the company performs relatively well on independent benchmarks, with an MSCI rating of AA (81.5th percentile) and an S&P CSA score in the 82nd percentile, though it lacks the extreme real-time disclosure required for higher tiers.
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Financial integrity is supported by a lack of material restatements in the 2024 reporting period.
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Governance structures are robust: the board is approximately 85.7% independent (6 of 7 directors), and all key committees (Audit, Remuneration, Nomination) are 100% independent.
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Audit coverage is high, with the company undergoing external audits against the World Gold Council’s Responsible Gold Mining Principles (RGMPs) and maintaining ISO 14001 and 45001 certifications.
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#10 Ethical claims regarding "Conflict-Free Gold" and RGMP conformance are independently verified by third-party assurance reports.
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Whistleblower and anti-corruption policies are comprehensive and include third-party due diligence, though public metrics on the effectiveness of the whistleblower hotline (e.g., resolution times) are not disclosed.
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Kind to Animals
-20
Large-scale gold mining operations involve significant land clearing and habitat destruction, which inherently disrupts local ecosystems and wildlife populations. Resolute Mining (RSG.ASX) demonstrates a measurable positive impact on wildlife conservation through its operations in Senegal and Mali, specifically via its subsidiary Petowal Mining Company (PMC).
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According to the evidence, the company has implemented the Petowal Biodiversity Offset Program (PBOP) to achieve a 'net gain' in biodiversity, aligning with IFC Performance Standard 6.
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This program includes a partnership with the NGO Panthera and the Senegal national parks department to manage an 1,800 km² intervention zone in the Niokolo-Koba National Park (NKNP).
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Since the program's commencement in 2017 and the start of production in 2018, the company has documented increased wildlife observations (including lions, hyenas, leopards, and chimpanzees) in the offset areas.
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Specific mitigation and avoidance measures were also cited, such as consolidating the mine footprint to 300 hectares (half the original plan) to preserve chimpanzee habitat and rerouting access roads to prevent habitat fragmentation.
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The company conducts annual ecological monitoring using transect surveys and camera traps, overseen by an independent advisory panel of experts.
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While the company reports a total land disturbance of 1,214 hectares across its Mako and Syama sites, the documented recovery and protection efforts for key species like the Western chimpanzee support a tier of 20, reflecting multi-year conservation with documented population recovery or stability for key species.
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No War, No Weapons
0
Gold mining is a commodity extraction business that does not inherently involve arms manufacturing or military contracting, though it operates in regions with geopolitical instability. Resolute Mining Limited (RSG.ASX) is a gold producer with operations primarily in Mali and Senegal.
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Based on the 2024 Annual Report and sustainability disclosures, the company has no involvement in the defense or arms industry, making several KPIs (revenue_arms_contracts, dual_use_technology, board_oversight_defense) not applicable.
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The company demonstrates strong adherence to conflict-free standards.
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It is 100% certified under the World Gold Council’s 'Conflict Free Gold Standard,' ensuring its production does not support unlawful armed conflict or human rights abuses.
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Independent audits and adherence to this standard provide verification of zero exposure to controversial weapons.
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Regarding human rights and ethical governance, Resolute conducted its first group-wide Human Rights Risk Assessment in 2023 and addressed improvements in 2024.
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It benchmarks its policies against the UN Guiding Principles on Business and Human Rights (UNGPs) and publishes annual performance metrics.
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The company reported 100% compliance with its ethical standards in 2024, noting zero significant regulatory non-compliances or community grievances.
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While the company operates in high-risk geopolitical environments (Mali), it manages these through security risk assessments and adherence to the Voluntary Principles on Security and Human Rights rather than divestment.
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Planet-Friendly Business
-50
Gold mining is an inherently resource-intensive and ecologically disruptive activity that involves significant land disturbance, water usage, and carbon emissions, which conflicts with the proactive environmental stewardship required for this value. Resolute Mining Limited (RSG.ASX) demonstrates a structured approach to environmental management, though it remains in the early stages of decarbonization given the nature of its remote African mining operations. In 2024, the company reported Scope 1 and 2 emissions of approximately 300,954 tCO2e, representing a 7% year-on-year reduction.
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While it has disclosed Scope 3 emissions in previous years, it utilized transitional relief in its 2025 reporting to omit them.
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The company has a stated Net Zero 2050 ambition but lacks validated Science Based Targets (SBTi), with formal targets and transition plans expected in FY26.
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Energy consumption is heavily reliant on fossil fuels (diesel and heavy fuel oil) due to the lack of grid connectivity at the Syama and Mako sites.
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Renewable energy is currently limited to a 100% green tariff for its corporate office, with the company citing topographical and life-of-mine constraints for on-site renewable investment.
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Resolute shows strength in climate risk governance, having aligned its reporting with TCFD recommendations and conducted comprehensive qualitative and quantitative climate scenario analysis (modeling 1.5°C, 2°C, and 3°C+ pathways).
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Its environmental compliance record is exemplary, with zero significant incidents or regulatory non-compliances reported in 2024 and 2025.
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Biodiversity efforts are notable; its mitigation and offset programs contributed to the removal of the Niokolo-Koba National Park from UNESCO’s 'World Heritage Sites in Danger' list.
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The company also maintains ISO 14001 certification across its operations.
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Respect for Cultures & Communities
-10
As a gold mining company operating in West Africa, Resolute Mining is inherently exposed to significant risks regarding land rights, potential displacement of local communities, and environmental impacts on local water sources, which are critical areas for 'Respect for Cultures & Communities'. Resolute Mining (RSG) demonstrates a structured approach to community relations in Mali and Senegal, though its operations are currently navigating significant regulatory and political challenges. Regarding revenue sharing, the company has independently verified disbursements through a $159.9 million settlement with the Malian government in late 2024 to resolve fiscal claims and transition to the 2023 Mining Code.
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This code increases state ownership to 35% and raises production royalties.
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Additionally, the company commits over $2 million annually to community investment initiatives.
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#7 In terms of local employment, Resolute maintains a policy of reserving all entry-level and semi-skilled roles for local and regional employees at the Mako and Syama mines, achieving documented majority local hire in these categories.
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#8 On cultural heritage, the company’s environmental and biodiversity efforts contributed to the removal of the Niokolo-Koba National Park (near the Mako Mine) from UNESCO's "World Heritage Sites in Danger" list, representing a documented positive outcome for a heritage-adjacent area.
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Regarding displacement, while the company has a policy to avoid it, 2024 reports indicate active "village resettlement" planning for the Tomboronkoto prospect, involving $4-6 million in allocated studies.
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This is currently categorized as an isolated relocation with negotiated planning.
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For grievance resolution, the company reported zero community grievances and zero industrial disputes in 2024, supported by a formal Community and Local Stakeholder Complaints and Grievance Procedure.
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While the detention of executives in late 2024 highlights severe regulatory friction with the Malian state, there is no evidence of sustained community-led protests or FPIC violations in the provided articles.
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Safe & Smart Tech
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As a gold mining company, Resolute Mining's core business does not inherently involve the development or deployment of consumer-facing AI, data-intensive digital services, or personal data processing that would trigger significant privacy or algorithmic bias concerns. (No news evidence available; score reflects business-type baseline only.)
Zero Waste & Sustainable Products
-30
Gold mining is an inherently extractive industry that generates significant volumes of waste rock and tailings, which are difficult to manage sustainably and often result in permanent environmental degradation. Resolute Mining Limited (RSG.ASX) demonstrates established waste management practices within its mining operations, particularly regarding tailings and operational waste. According to
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, the company reported a waste recycling ratio of 76.92% in FY23, which aligns with the 'waste_diversion_rate' tier of -10 (70-80%). The company has also shown a decrease in total waste intensity from 5.31 in 2021 to 4.44 in 2023 per million dollars of revenue.
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Regarding waste audits,
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confirms that annual external audits are conducted at each Tailings Storage Facility (TSF) to ensure structural integrity and management practices, supporting a tier of -50 for 'waste_audit_frequency'. The company maintains an exemplary compliance record with no reported incidents relating to the structural integrity of its tailings dams throughout its history, justifying a tier of -40 for 'waste_disposal_violations'.
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In terms of initiatives, the company employs specific operational methods such as in-pit backfilling and enhanced resource efficiency.
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It also adheres to the Global Industry Standard on Tailings Management (GISTM).
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These represent at least 3-4 distinct initiatives with measurable results, placing 'waste_reduction_initiatives' at -60. While the company has clear Net-Zero and CO2 reduction targets for 2050, the provided evidence lacks specific, quantitative waste reduction targets with defined timelines, resulting in a tier of -80 for 'waste_reduction_targets'.
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No data was provided regarding product-specific KPIs (recyclability, durability, repairability) or consumer-facing metrics, which is typical for a primary gold producer whose output is bullion.
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