Echelon Resources has updated its policies and frameworks to enhance environmental, social, and governance (ESG) compliance, focusing on whistleblower protection, modern slavery prevention, and climate risk management. The company’s Protected Disclosures (Whistleblower) Policy provides a procedure for employees and contractors to raise concerns about serious wrongdoing, ensuring protection from adverse consequences when raised in good faith. Additionally, the company has a Modern Slavery Policy committed to eliminating modern slavery from its operations and supply chains, ensuring all people are free from exploitation and forced labor.
Material actions and disclosures
Echelon Resources has a comprehensive risk management system framework that applies consistent and comprehensive risk management practices across all functional areas of the business. The company’s Risk Management Framework includes a central risk register that considers the risks, reviews the controls, assigns ownership of a risk, and tracks treatment plans. The ORS Committee regularly reviews the risk register and framework document to ensure the system continues to be sound.
The company’s Climate Change Policy outlines its approach to climate-related governance, risk management, scenario analysis, emissions reporting, and portfolio resilience. Echelon Resources also maintains comprehensive insurance coverage for physical risks associated with its Amadeus Basin interests and utilizes the New Zealand Emissions Trading Scheme (ETS) market pricing for carbon emissions.
Management reviews the risk management framework twice per year and reports to the ORS Committee. The full Board reviews the risk register annually, ensuring ongoing compliance and oversight of ESG-related risks.
Echelon Resources values its natural environment and is committed to responsible management practices that minimize environmental impacts arising from its activities. The company’s Environment Policy is applied by all employees, contractors, and joint ventures under its operational control, promoting environmental stewardship and sustainability.
The company’s Health and Safety Policy aims to provide a safe and healthy environment for all employees, contractors, and visitors to Echelon sites, with a health and safety aspiration of ‘no one gets hurt’ and ‘no incidents’. All employees are responsible for taking practical steps to avoid harm to themselves or others in the workplace and must report any potentially hazardous situations.
The company’s Community Engagement Policy ensures that all employees and contractors engage with local communities in a respectful and responsible manner, promoting positive relationships and contributing to the social and economic well-being of the communities in which it operates.
Echelon Resources has also established a Sustainability Report that considers relevant AASB S2 principles where appropriate, outlining its approach to climate-related governance, risk management, scenario analysis, emissions reporting, and portfolio resilience.
The company’s risk management system framework is monitored by the Board through the audit function, ensuring compliance with all ORS legislative requirements, licence conditions, and stakeholder commitments.
These actions and disclosures demonstrate Echelon Resources’ commitment to enhancing ESG compliance and sustainability.