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Custom Coins & Bars Pallion 2020 Sustainability Report
ABC Refinery and its parent Pallion are focused on exceeding the highest international environmental, community, health, and industry standards. It is this approach that informs our position as a global leader in the vertically integrated and transparent supply of Considerate™ Precious Metals.
Developed in accordance with the Global Reporting Initiative (GRI), the Considerate™ Precious Metals Report, documents our sustainability, environmental and corporate social initiatives in respect of the 2020 financial year. The Considerate™ Precious Metals Report will be published annually.
The concept of Considerate™ Precious Metals is based on 5 essential tenets:
1. Collaboration
Successful corporate social responsibility depends on collaboration between all relevant stakeholders, both internal and external to ABC Refinery. We achieve this through informal and formal channels of communication and actively encourage suppliers input to create value.
2. Procurement
ABC Refinery has one of the most responsible and transparent supply chains in the world with 92.5% of metal refined being newly-mined. In addition to being accredited members of leading international organizations such as the Shanghai Gold Exchange (SGE), CME Group (COMEX), Responsible Jewellery Council (RJC), The National Association of Testing Authorities (NATA) and the Singapore Bullion Market Association (SBMA), the majority of ABC Refinery's suppliers are from Australia and New Zealand, two of the most regulated primary metal sources globally.
3. Environment
Protection of our ecosystem is of utmost importance to ABC Refinery. From our business suppliers to our logistic partners and clients, we minimise the safety, environmental and health impacts throughout our supply chain through technological innovation.
ABC Refinery encourages responsible use, re-use and recycling in excess of OECD guidelines. Amongst many waste management initiatives, we have two key crushing and recycling facilities: (a) a silver leach plant which recovers silver from the byproduct of the electrolytic silver refining process; and (b) a sweeps treatment plant which crushes, grinds and recovers residual precious metals from consumables, such as exhausted crucibles.
4. Community
At ABC Refinery, the health and safety of our staff and the broader community in which we conduct business is paramount. We are committed to be a world leader in health and safety, the environment and external community engagement.
ABC Refinery provides a safe, rewarding and diverse workplace for all our team which contributes to the betterment of the community in which we operate. We employ, develop, and promote based on merit and do not tolerate discrimination, bullying or harassment and actively encourage our team members to ‘speak up’.
5. Technology and Innovation
ABC Refinery is committed to investing in technology that reduces our carbon footprint thereby ensuring a safe, ecological and sustainable refining process.
We have adopted the world’s leading environmentally conscious waste disposal process. Pyrolytic incineration avoids waste disposal into landfill and ensures that any output is reproduced to recover and refine residual metal. Unlike traditional methods, this is conducted without exposure to oxygen thereby achieving a 600% increase in operational efficiency compared to standard technologies.