Management of Environmental & Social Impacts
The physical impacts of GCM’s field activities to date have been limited to drilling 108 exploration holes together with associated hole-capping and site restoration. Landowners were consulted throughout the drilling operations and appropriately compensated. All GCM’s other activities, involving analysis, evaluation and preparation of social and environmental base line studies, have had no impact on the environment.
GCM is committed to developing and operating the Phulbari Coal and Power Project, and rehabilitating all Project affected sites, in an economically, socially and environmentally responsible and sustainable manner. This will be done adhering to the highest national and international norms, standards and requirements, including the Equator Principles adopted by major international financial institutions. In particular we are following the guidelines of World Bank, IFC and Asian Development Bank (ADB). More information on these standards can be found in the Corporate Responsibility section.