Policies &

The Alamos Sustainability Policy provides the vision and direction for the Company’s sustainability practices, while the Alamos Sustainability Performance Management Framework helps to operationalize this commitment on-the-ground. The Framework is intended to develop a common understanding across all operations of Alamos' general approach to sustainability management and how we shall achieve our strategic objectives and targets.

Acknowledging that every operation is at a unique stage of development and situated in unique socio-political and legal contexts, the Alamos Sustainability Performance Management Framework intends to:

  • Outline leading practices for Health, Safety, Security, Environment and Community Relations management,
  • Guide the development of new tools, processes, procedures, policies and/or standards, whether they are developed at the site or at the corporate level,
  • Assist operations in any evaluations or self-evaluations of their current state of practice; and
  • Improve the overall integration of sustainability into our operations.

Alamos Sustainability Performance
Management Framework

Management Framework

Supporting the Alamos Sustainability Performance Management Framework are sustainability standards developed by the Alamos Corporate Office with input from our sites, management team and industry guidelines, most notably the World Gold Council's Responsible Gold Mining Principles. The Standards are split into four distinct categories:

  1. Common Elements: Integrating sustainability governance in day-to- day management across all sustainability disciplines.
  2. Health, Safety & Security: Eliminating hazards that can result in accidents and ill health to our workforce and communities.
  3. Environment: Improving environmental stewardship and managing the impacts of our activities.
  4. Community: Building strong and trusting relationships, community support, business security and the delivery of shared and lasting value.

Each Alamos location develops its own supporting procedures and practices within the parameters of the Alamos Sustainability Performance Management Framework.

Risk Management

The Alamos Risk Management Program intends to ensure our strategic objectives are met while protecting our assets, stakeholders, reputation, and the environment. The program objectives are to:

  • Understand the risks associated with our business activities through integrating the outputs of various risk functions.
  • Reduce the likelihood and consequences of adverse effects to acceptable levels. In relation to health, safety, security, community and environmental issues, risks should be managed to a point that is as low as reasonably practicable.
  • Strive to make informed decisions based on understanding the risk tolerance levels, and the reward-to-risk balance at corporate and operating levels.
  • Continuously improve our management of risk, thereby providing greater certainty on the delivery of objectives.

The Alamos Risk Committee is responsible for overseeing and monitoring, from a process standpoint, the Alamos Risk Management Program. The Committee’s goal is to ensure a single, integrated, principled approach to risk management throughout the organization. To achieve this, and to ensure that our employees and contractors are informed about the program and their responsibilities, we focus on education, effective policy implementation and continuous risk assessments.

Alamos has completed a study to identify and incorporate climate-related risks – transitional and physical – into its Risk Management Program and financial reporting. Further information is outlined within the Climate Change section of Alamos’ 2022 ESG Report, which has been prepared in support of the recommendations made by the Task Force on Climate-related Financial Disclosures.