Climate Change Data

Agnico Eagle Mines Limited

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:1,184,000 tCO2e (Scope 1 & 2)
Scope 1 Emissions:568,699 tCO2e (Agnico Eagle) and 321,776 tCO2e (Kirkland Lake Gold)
Scope 2 Emissions:122,910 tCO2e (Agnico Eagle) and 170,518 tCO2e (Kirkland Lake Gold)
Scope 3 Emissions:2,300,000 tCO2e (estimated)
Renewable Energy Share:46% (combined)
Total Energy Consumption:Not disclosed
Water Consumption:8.9 Mm3 (Agnico Eagle) and 1.3 Mm3 (Kirkland Lake Gold)
Waste Generated:Not disclosed
Carbon Intensity:0.37 tonnes of CO2e per oz of gold produced (2021)

ESG Focus Areas

  • Governance
  • Health, Safety and Wellness
  • Environmental Stewardship
  • Our People
  • Our Communities

Environmental Achievements

  • Achieved 71% freshwater recycled (Agnico Eagle) and 89% (Kirkland Lake Gold)
  • Combined GHG intensity of 0.37 tonnes of CO2e per oz of gold produced in 2021
  • Eight of eleven operations outperformed the industry average for GHG emissions intensity per gold ounce produced

Social Achievements

  • Combined $9.98M in community investments
  • $1.6B combined spend on local procurement
  • Improved global combined injury frequency rate to 0.82 (Agnico Eagle) and 0.70 (Kirkland Lake Gold)

Governance Achievements

  • 25% of short-term incentive compensation for Named Executive Officers linked to sustainability performance in 2021
  • Completed corporate risk and opportunity assessment using updated RMMS consequence criteria suitable for assessing climate-related financial risk and opportunities
  • Formal support of the Task Force on Climate-related Financial Disclosures (TCFD)

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2050
Medium-term Goals:
  • Achieve zero major or critical/extreme environmental incidents
  • Set medium-term climate change targets
Short-term Goals:
  • Implement Environmental Incident Standard at all sites
  • Implement corporate water management strategy at Legacy Kirkland Lake Gold sites
  • Develop integrated Climate Change Strategy for Agnico Eagle

Environmental Challenges

  • Increased GHG emissions due to increased production and energy intensity
  • Data limitations for Legacy Kirkland Lake Gold
  • One fatality at Hope Bay Mine
  • COVID-19 pandemic impact on operations and workforce
  • Increasing energy intensity due to declining ore grades and deeper orebodies
Mitigation Strategies
  • Implementing GHG reduction initiatives across all sites
  • Working with local businesses, communities, and governments to find solutions for emission reductions
  • Strengthening climate governance and aligning with TSM Climate Change Protocol
  • Supporting employees unable to work due to COVID-19 restrictions
  • Investing in research and development for energy efficiency and carbon footprint reduction
  • Exploring technologies and solutions to improve energy performance
  • Implementing a Water Management Policy and updated Corporate Standard for Water Stewardship

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Increased average temperatures in the Arctic
  • Increased water stress in arid environments
  • Increased severity of hurricanes and tropical cyclones
Transition Risks
  • Increased carbon pricing
  • Higher fuel costs
  • Increased cost of other goods and services
  • Industry stigmatization and exposure to litigation
Opportunities
  • Development of energy-efficient products and processes
  • Opportunities for fuel switching and electrification

Reporting Standards

Frameworks Used: GRI Standards: Core Options, SASB Metals and Mining disclosures, TCFD

Certifications: ISO 14001, ISO 45001, International Cyanide Management Code (ICMC)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 6: Clean Water and Sanitation
  • Goal 7: Affordable and Clean Energy
  • Goal 8: Decent Work and Economic Growth
  • Goal 13: Climate Action

Various initiatives contributing to these goals (see report for details)

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Corporate Knights Global 100 Most Sustainable Corporations
  • Company Committed to Human Rights Award (Agnico Eagle Mexico)
  • Ethics and Values Award (La India Mine)
  • TSM Excellence Award for Community Engagement (Pinos Altos Complex)
  • Visit Levi Partner of the Year Award (Agnico Eagle Finland)
  • 2021 Contribution to Economic Development Award (Agnico Eagle Abitibi)