Transparency
Opportunity Mined Responsibly
A Commitment to Sustainability
2024 ESG Annual Report
RCF is proud to announce the publication of its 2024 ESG Annual Report. It provides an overview of RCF’s approach and performance in environmental, social, and governance (ESG) issues across its business and portfolio companies for the year ending December 31, 2023. RCF’s fourth annual report is a detailed account of the work RCF does through the various stages of the investment life cycle to support responsible investment.
Responsible investment has always been at the forefront of RCF’s approach to value creation. Through 25+ years of experience gained in the delivery of 25+ mines brought into production, and with investment projects across 30+ commodities and 50+ countries, we believe incorporating ESG principles into our investment analysis and decision-making, can lead to positive financial outcomes.
Report highlights:
- Overview of RCF’s ESG guiding principles
- ESG integration into RCF’s investment analysis and decision-making
- Alignment with Global ESG initiatives
- RCF’s Principles of Responsible Investment (PRI) scorecard
- Portfolio company ESG case studies
- The RCF Foundation
Reporting alignment
Performance Frameworks & Affiliations
RCF understands the importance of adopting standards in its approach to ESG disclosure and transparency, and the need to provide meaningful information to RCF’s Limited Partners and other stakeholders.
Engagement and collaboration with leading industry frameworks, associations and initiatives enables RCF to continue to lift its standards in line with its risk profile and stakeholder expectations.
Learn more about some of the key frameworks and organizations RCF is an affiliate of, or seeks to align with.
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Important Information
The data and information on this website (“Website”) is presented for informational purposes only by Resource Capital Funds and/or its affiliates (together, “RCF”). This Website shall not constitute an offer to sell or the solicitation of any offer to buy any interest, security, or investment product. The information in this Website is only as current as the date indicated and may be superseded by subsequent market events or for other reasons, and RCF assumes no obligation to update the information herein. Nothing contained herein constitutes investment, legal, tax, or other advice nor is it to be relied on in making an investment or other decision.
Certain information contained herein relating to any goals, targets, intentions, or expectations, including with respect to Environmental, Social and Governance (“ESG”) targets and related timelines, is subject to change, and no assurance can be given that such goals, targets, intentions, or expectations will be met. There can be no assurance that RCF’s ESG policies and procedures as described in this report, including policies and procedures related to responsible investment or the application of ESG-related criteria or reviews to the investment process will continue; such policies and procedures could change, even materially, or may not be applied to a particular investment. RCF is permitted to determine in its discretion that it is not feasible or practical to implement or complete certain of its ESG initiatives, policies, and procedures based on cost, timing, or other considerations. Statements about ESG initiatives or practices related to portfolio companies do not apply in every instance and depend on factors including, but not limited to, the relevance or implementation status of an ESG initiative to or within the portfolio company; the nature and/or extent of investment in, ownership of or, control or influence exercised by RCF with respect to the portfolio company; and other factors as determined by investment teams, corporate groups, asset management teams, portfolio operations teams, companies, investments, and/or businesses on a case-by-case basis. ESG factors are only some of the many factors RCF considers in making an investment, and there is no guarantee that RCF will make investments in companies that create positive ESG impact or that consideration of ESG factors will enhance long term value and financial returns for limited partners. To the extent RCF engages with portfolio companies on ESG-related practices and potential enhancements thereto, there is no guarantee that such engagements will improve the financial or ESG performance of the investment. In addition, the act of selecting and evaluating material ESG factors is subjective by nature, and there is no guarantee that the criteria utilized, or judgment exercised by RCF will reflect the beliefs or values, internal policies or preferred practices of investors, other asset managers or with market trends.
RCF Innovation I is a partnership in which Resource Capital Fund VI L.P. (“RCF VI”) is an investor. It is managed by the RCF Innovation team, who were the principals of Jolimont Global Mining Systems Pty Ltd before and after it was acquired by RCFM in September 2019. Two of the same three principals currently manage RCF Jolimont Mining Innovation Fund II in a substantially similar manner to RCF Innovation I. Total performance results for RCF VI are available upon request.