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Governance
At Lithium Ionic, our management team leads by example, establishing a culture of trust and transparency. Lithium’s comprehensive approach to governance guides the company to operate with honesty, integrity, fairness, and responsibility. We foster diversity and inclusion throughout our operations, ensuring equitable practices in all aspects of our business and corporate structure.
Compliance and Support of International Standards
Lithium Ionic places paramount importance on supporting and complying with international standards to ensure responsible and ethical practices in our operations. Dedicated to upholding recognized benchmarks such as the Global Reporting Initiative (GRI), Task Force on Climate-related Financial Disclosures (TCFD), and Sustainability Accounting Standards Board (SASB), we are committed to transparency and accountability. In addition to these standards, we proudly support the Extractive Industries Transparency Initiative (EITI), championing openness in natural resource management in line with IRMA Standards. Furthermore, we operate under the strict guidelines of the Canadian Stock Exchange, ensuring adherence to the expectations and associated requirements.
Corporate Policies
The Company adheres to a strict Code of Business Conduct and Ethics to ensure that all persons who are a part of or involved with the Company operate according to the highest standard. The Code outlines the Company’s rules and expectations surrounding abuse, violence, discrimination, illegal activities, conflicts of interest, and unethical behaviour. In addition to the Code of Business Conduct and Ethics, Lithium Ionic also has a strict Anti-Bribery Policy and an Audit Committee Charter, as seen below.
In 2024, Lithium Ionic introduced a comprehensive set of policies to enhance our governance framework and solidify our commitment to responsible practices. Our ESG Policy outlines our overarching sustainability goals and commitments and the specific steps we’re taking to achieve them. In the third quarter, we expanded our policy suite with the introduction of the Diversity and Inclusion Policy, Human Rights Policy, and Private Social Investment Policy, all designed to protect and promote the well-being of our employees and the communities we serve. You can explore all these policies below.
ESG Policy 2024 Diversity and Inclusion Policy 2024 Human Rights Policy 2024 Private Social Investment Policy 2024 Anti-Bribery Policy 2021 Audit Committee Charter 2021 Code of Business Conduct and Ethics 2021
ESG Standards and Reporting
In Q2 2023, Lithium Ionic began using Onyen Corporation's ESG software to efficiently manage and monitor its sustainability reporting. This platform helps to capture, monitor, manage and report ESG risks and opportunities to ensure reporting accuracy to governments while fulfilling the requirements of international sustainability agencies such as SASB and GRI, who are driving ESG frameworks and policies. In Q1 2024, Lithium Ionic published its inaugural ESG Scorecard which can be found here.
In Q4 2023, Lithium Ionic initiated an IRMA Ready self-assessment for our Itinga Project. This draft framework is designed to meet the specific needs of exploration and development mining companies, making it a practical fit for our operations. Lithium Ionic is in the process of completing IRMA’s Mine Measure self-assessment tool to better understand how our operational practices compare with the IRMA Ready-Standard for Responsible Mining.
In Q4 2024, Lithium Ionic proudly joined the United Nations Global Compact, the world’s largest corporate sustainability initiative. By committing to this global movement, we align our strategies and operations with the Ten Principles of the UN Global Compact in the areas of human rights, labour, environment, and anti-corruption. Our participation highlights our commitment to responsible business practices and advancing sustainability, as we remain focused on ethical growth and creating a lasting, positive impact across our operations.
Future Plans:
- Continue to use ONYEN platform to disclose ESG progress and reports to our investors.
- Conduct an ESG Audit once we enter production.