Supporting Decarbonization

The shift away from fossil fuels is being driven by an international consensus that the world’s carbon footprint must be managed and reduced. Renewable energy and the electrification of vehicles are a core component of this transition.

Graphite will play a central role in this transition as it is a key battery material, and vital to other applications and technologies that will support a more sustainable world.

Sustainability Is Central To The Way We Work

NextSource is committed to being part of the global energy transition by using sound social and environmental management practices at every stage of the project cycle. From the outset of development of the Molo Project, NextSource has followed and adhered to the requirements of the:

International Finance Corporation’s (IFC) Performance Standards (PS) which define companies’ responsibilities for managing environmental and social risks.

Equator Principles which are the financial industry’s benchmark for identifying, assessing and managing environmental and social risks when financing projects.

United Nationals Sustainable Developments Goals (UNSDGs)

Our Approach To Sustainability

NextSource’s sustainability framework is built around:

  • A focus on the economic, environmental and social needs of all our stakeholders today, and in the future
  • Respectful and transparent engagement with all our host communities and stakeholders in our operations
  • Consistent and uncompromising adherence to ethical corporate governance and human rights principles with all stakeholders
  • A risk-based approach to the protection of biodiversity and natural resources
  • Safeguarding the health and safety of our workforce and host communities
  • Minimizing environmental and social impacts and creating value for stakeholders
  • Promoting the use of renewable energy sources in our operations, commercial activities and stakeholder communities
  • Responsible practices as we foster a circular and sustainable battery material value chain

People And Community

A Partner In The Community

In alignment with our collaborative and responsible approach, NextSource has engaged in a multitude of community outreach and investment programs which include:

  • Skills training and support to increase agricultural yields
  • Erosion control programs to strengthen local food security
  • Seeding pastures for livestock
  • Establishing vaccination corridors
  • Construction of community wells
  • Reconstruction of school buildings
  • Expansion of school facilities and provision of teaching materials

Benefitting Our Host Community

Since the exploration programs on the Molo Project, the Company has been the largest formal employer in the region. More than two-thirds of our workforce is drawn from local and regional communities, and we continue to give preference to suitably qualified local candidates from these communities. Furthermore, we are delivering:

  • Additional infrastructure investments within the community
  • Internships and on-the-job skills training leading to longer-term employment opportunities within the region
  • Local educational programs for members of our host community
  • Local road repair
Environment +

We recognize that mining will always have some unavoidable impacts on the environment. To ensure that these impacts are systematically minimized at all stages of the project cycle, the Molo Project Environmental and Social Impact Assessment (ESIA) was conducted in accordance with IFC Performance Standard requirements as well as Malagasy national legislation.

We have taken a holistic approach, not only minimizing our physical footprint but by planning for closure in a way that can create a long-term net positive environmental and socio-economic legacy. We do this by investing in sustainable infrastructure, in human capital and in viable, socio-economic projects which will endure beyond mining.

Minimizing Our Footprint +
Utilizing Hybrridized Solar-Thermal Energy +