SIDEX acknowledges the importance of sustainable development
for the mining sector in Québec and contributes to
the development of various initiatives
Starting in 2013, SIDEX has contributed to the financing of phases 1 and 2 leading to the implementation in 2019 of the Ecologo certification for mineral exploration.
This is the first comprehensive certification that features third-party certification of environmental, social and economic practices for mineral exploration companies and providers. It was developed in Quebec and is now expanding across Canada and abroad.
Adoption of a sustainable development policy by companies
Since late 2011, SIDEX has requested that companies in which it invests provide a copy of their sustainable development policy or a commitment to adopt such a policy in the 6 months following an investment.
Junior companies are asked to include in their policy good governance practices and compliance with regulations in the performance of all activities regarding health, safety, the environment, economic benefits, and communications with local stakeholders and other land users.
Contribution to the “Fonds Restor-Action Cri”
SIDEX contributes financially to the Fonds Restor-Action Cri, a fund composed of mining industry actors who work with the Government of Québec, the Eeyou Istchee James Bay Regional Government and the Cree Nation Government to restore abandoned mining sites in the Eeyou Istchee James Bay Territory.
The first step in 2018-2019 is to establish an inventory of the sites. Cleanup work will follow from 2020 to 2029. This initiative was inspired by the Fonds Restor-Action Nunavik, a fund set up in the early 2000s that turned out to be a real success.
SIDEX has supported the translation in french of Prospectors & Developers Association of Canada (PDAC) e3 Plus norm. This norm which is internationally recognized, provides a practical guide designed to help mineral exploration companies continuously improve their social, environmental, and health and safety performance.
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