UK Modern Slavery Statement


Modern Slavery takes on many different forms forced labour, forced or servile marriage, debt bondage, force commercial sexual exploitation, human trafficking, slavery like practices, and the sale and exploitation of children in all its forms, systematic removal of freedom (to refuse a job, to decide, to leave an employer…).

This statement is published by Caracal Gold Plc in accordance with the requirements of the UK Modern Slavery Act 2015 and details our approach in addressing human rights and modern slavery risks across our business and supply chains.

Caracal is committed to respecting and protecting the human rights of all our employees, contractors, suppliers, business partners and the communities that we interact with through the course of our business activities, and this includes ensuring that no forms of modern slavery occur. We view this responsibility as not just an essential ethical business practice, but also key to ensuring we create
long- term value for our shareholders, to promoting sustainable development in our host countries, and integral to maintaining our license to operate.

Caracal is incorporated in the UK and listed on the London stock exchange. Caracal works across a spectrum of the gold mining value chain including exploration, development, mining and processing. Caracal has operations in Kenya and exploration activities both in Kenya and Tanzania. As an international mining company, we are cognizant that the risk of modern slavery exists within our
business and supply chain, due to the nature and location of our activities, and the broader socio-political environments in which we operate. As a junior company, we are working towards implementing and enforcing effective internal processes that aim to eliminate the risk of modern slavery both within our business and our supply chain. We understand that identifying instances of modern slavery, especially in areas where business relationships are further from core operations, will be complex, and that working collaboratively with governments and civil society can drive long lasting sustainable solutions.

Our approach to addressing the risks caused by modern slavery in its business and supply chain will be founded on our capacity to establish robust systems for corporate governance, policies & Procedures, risk identification and management, training and awareness, stakeholder engagement, and performance review.

The governance and oversight responsibility for our sustainability strategy is assigned to the Environmental, Social and Governance (ESG) Committee composed of several non-executive directors who each have diverse knowledge, skills and experience within the remit of the Committee.

Caracal is committed to being a responsible corporate citizen and to creating a culture of ethical behaviour as set in its Ethical Conduct Policy that ensure all personnel comply with legal and ethical standards, and promote the principles of integrity, honesty and respect in the performance of their duties.

We also require all our contractors and suppliers to conduct business ethically and responsibly as a condition of doing business with us. They are contractually bound by our various Policies-anti-bribery and corruption, ethical conduct code, environmental, social and health and safety policies ensuring comparable business practices and workplace standards are maintained. We prioritize in-country suppliers of goods and services to multiply our positive impact on the economy of our host country.

Caracal has a Whistleblower policy to enable the reporting of potential misconduct to management so that prompt, effective and appropriate action is taken. We do not tolerate retaliatory action against any individual for reporting potential misconduct in good faith.

This statement was approved by the Board of directors of Caracal Gold Plc on 22nd June 2023.