The Kwale operation and the associated Environmental and Social Impact Assessment (“ESIA”) have been developed in compliance with Kenyan legislation and International Best Practice (“IBP”) guidelines as established by the International Finance Corporation (“IFC”) Performance Standards on Social and Environmental Sustainability, the Equator Principles, the IFC and World Bank Group Environmental Health and Safety (“EHS”) Guidelines, the International Labour Organization (“ILO”) standards and the Voluntary Principles on Security and Human Rights.
Base Titanium adheres to IBP by complying with:
IFC Performance Standards
The IFC Performance Standards provide guidance to “avoid and mitigate adverse impacts and manage risk as a way of doing business in a sustainable way”. They are an international benchmark for identifying and managing environmental and social risk and have been adopted by Base Titanium as a key component of its environmental and social risk management system.
For more information see IFC Performance Standards.
The Equator Principles form a credit risk management framework for determining, assessing and managing environmental and social risk in project finance transactions. Projects which fall under the scope of the Equator Principles are evaluated against comprehensive international performance standards on issues such as labour and working conditions, natural resource management, pollution prevention, impacts on indigenous people, community health and safety and cross-cutting themes such as gender and human rights.
For more information see Equator Principles.
The EHS Guidelines are technical reference documents with general and industry‐specific examples of good international industry practice. They contain the performance levels and measures that are normally acceptable to lending institutions and are generally considered to be achievable in new facilities at reasonable costs by existing technology.
For more information see the IFC EHS Guidelines.
The ILO maintains and develops a system of international labour standards aimed at promoting opportunities for both women and men to obtain decent and productive work, in conditions of freedom, equity, security and dignity. The main objectives of the ILO are to promote rights at work, encourage employment opportunities, enhance social protection and strengthen dialogue on work-related issues. In support of these objectives, the ILO has developed a number of standards, as either conventions or recommendations, which identify appropriate ways to meet these objectives.
For more information see the ILO Labour Standards.
Voluntary Principles on Security and Human Rights
These comprise a set of voluntary principles to guide companies in the extractive and energy sectors in maintaining the safety and security of their operations within an operating framework that ensures respect for human rights and fundamental freedoms.
For more information see the Voluntary Principles on Security and Human Rights.