Tivan Limited has reported on its environmental and governance practices, focusing on climate change risks and regulatory compliance in its latest financial report. The company highlighted its commitment to managing climate-related risks through robust environmental and operational practices, aligning its strategy with global decarbonisation efforts and sustainability standards.
Material actions and disclosures
The Group holds various mineral licences to regulate its activities in Australia and Timor-Leste, with conditions and regulations regarding the management and rehabilitation of areas disturbed during its activities. The Board believes the Group has adequate systems in place for managing environmental requirements and is not aware of any breaches.
Tivan Limited has also disclosed its indemnification of Directors and Officers against liabilities to another person, including legal expenses arising from their position as Directors and Officers of the Company and its controlled entities, except where the liability arises out of conduct involving a lack of good faith or for a pecuniary penalty under section 1317G or a compensation order under section 1317H of the Corporations Act 2001.
Forward commitments
The company aims to manage climate-related risks through robust environmental and operational practices and align its strategy with global decarbonisation efforts and sustainability standards. Tivan Limited is committed to addressing the physical and transition risks associated with climate change, including extreme weather events and evolving climate policies.
Tivan Limited will continue to monitor and manage its environmental and governance practices to ensure compliance with relevant regulations and standards.