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Boss Energy has unveiled its environmental, social and governance (ESG) framework that has been designed to govern its approach to developing its Honeymoon project.

The Honeymoon uranium project is located in South Australia, 80 kilometres northwest of Broken Hill. Boss Energy confirmed in late July that the Honeymoon project is on track to achieve its first uranium in the December 2023 quarter.

Boss Energy’s ESG framework was created after a need to incorporate ESG into its business strategy, governance and operations was identified.

“The Boss ESG framework will ensure that Honeymoon makes a meaningful contribution to (the) energy transition while placing the highest priority on safety, governance, the environment and all stakeholder relationships,” the company said.

The ESG framework will align to ESG standards from the Sustainability Accounting Standards Board (SASB), Global Reporting Initiative (GRI), the Towards Sustainable Mining (TSM) Initiative and the International Sustainability Standards Board (ISSB) Standards: S1 (general requirements) and S2 (climate).

“(The ESG framework) is an initial step towards a broader and ongoing commitment to sustainability, and we are proud to have achieved this important milestone,” Boss Energy said.

According to Boss Energy’s commitment to sustainability, it will continue working on launching its ESG framework and roadmap between 2023–2024.

Then the company is expected to have the ESG framework’s preparation completed by 2024, to commence ESG reporting by 2025, and to complete TSM’s year 3 self-assessment and public facility level reporting by 2026 and the TSM external verification self-assessment by 2027.