WTI $69.51
+0.05
Brent $73.65
+0.11
MAHA-A SEK8.60
-0.07
MahaConnect

ESG Strategy

Transparent and Comprehendible Reporting

We believe in reporting and disclosing information in a transparent and comprehendible manner that allow stakeholders to see our progress and commitments. While disclosingEnvironmental, Social, Governance (ESG) and Corporate Social Responsibility (CSR) information is becoming a standardized process, we have always believed in operating sustainably, safely, and effectively. We have undertaken several environmental, social, and governance initiatives that reflect our corporate values and culture.

We strive to maintain a close and long-lasting relationship with our stakeholders. We define stakeholders as individuals, communities, and organizations that are and may be affected by Maha’s operations; or whose actions can reasonably be expected to affect the ability of the Company to successfully implement its strategies and achieve its objectives. Stakeholder engagement is the process whereby information and perspectives in relation to Maha’s activities are exchanged.

We recognize the interest in companies with integrated Environmental, Social, and Governance (ESG) factors into the corporate model and its impacts on performance. We see external ESG ratings as a guide for us to report with higher quality and greater transparency. We believe sustainability must go hand in hand with our business model.

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Connecting with Maha

Given Maha’s presence on a global and local realm, the Company has taken measures to address and meet stakeholder interests. For example, on a global scale, investors have shown interest in integrated Environment, Social, and Governance (ESG) factors into the Company business strategy. To meet this interest, Maha incorporate ESG disclosures into its quarterly presentations, financial reports, and produce an annual Sustainability Report. To further reach Maha’s stakeholders, the 2020 Sustainability Report has been translated into three languages – English, Swedish, and Portuguese. These Reports have been distributed to stakeholders and are all also accessible on the website. To gain further insight to the Company’s ESG and sustainability objectives stakeholders can connect with Maha at the esg@mahaenergy. ca email.

On a local level, Maha has taken an active role in creating an outreach program that allow local stakeholders, like community members and vendors, to connect directly with Maha. As part of Maha’s commitment to engage in a transparent, formal, and respectful dialogue with local stakeholders, the MahaConnect program offers a new official channel of communication.

Corporate Responsibility Initiatives and Operations

Maha acknowledge there is a number of ESG Reporting Firms with differing categories and scoring systems. While Maha will continue to strive to better its ongoing corporate responsibility initiatives and operations, the Company endeavours to use the industry recognized Global Reporting Initiative to (GRI) and Sustainability Accounting Standards Board (SASB) as the reporting frameworks, while also respecting the United Nations Sustainable Development Goals (UN SDGs).

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