There is a continued focus on sustainability across all industries and ESG rankings are becoming a more critical part of a company’s valuation. This gold miner has made ESG a priority and its initial rankings are sending shares higher.
The initial ESG ratings report achieved for Mayfair Gold Corp. (TSX-Venture: MFG) was a BB. The rating, performed by Digbee ESG, a leading independent assessment platform for ESG disclosure in the mining industry. Per the company’s press release, this was based on ESG achievements in the first year of operations at the Fenn-Gib gold project in the Timmins region of Northern Ontario.
The ESG report provided a comprehensive assessment of Mayfair’s achievements across a broad range of key ESG performance criteria and highlighted opportunities for improvement in specific areas.
Shares were trading up on an otherwise down day for markets, at $1.02 in late morning trade