Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate and energy
• A fair employer for everyone
• Sustainable business
• Ethical business
• Contributing to local community development
• Promoting biodiversity
• Future-proof mining

Environmental Achievements

• Achieved 97-99% reduction of several metal pollutants in mine water through a pilot water purification project.
• 83% of energy consumption consisted of origin-labeled, self-produced, or recycled energy.

Social Achievements

• Continued engagement with the local community through initiatives like 'Kiruna växer', including sponsoring cultural events and community projects.
• Strengthened the team with people of multiple nationalities, fostering diverse perspectives.

Governance Achievements

• Updated the company's code of conduct and mapped its use in procurement to ensure early communication of sustainability expectations to potential suppliers.

Climate Goals & Targets

Environmental Challenges

• Fluctuations in metal prices and demand.
• Inherent uncertainties in mineral exploration and assessment of mineral resources.
• Risks related to growth strategy and future planned mining operations.
• Dependence on key personnel.
• Dependence on third parties for current and planned operations.
• Environmental responsibilities and external factors.
• Potential for disputes.
• Securing financing for continued operations and future mining.

Mitigation Strategies

• Proactive investments in preparatory infrastructure before obtaining environmental permits.
• Continuous dialogue with authorities and stakeholders to facilitate the permitting process.
• Resource upgrades and exploration efforts to extend mine lifespan and increase production volume.
• Development of a detailed feasibility study for Viscaria.
• Strengthening the team and securing key personnel.
• Diversification of suppliers and partners.
• Implementation of robust environmental management practices and mitigation strategies.
• Securing financing through equity and debt financing.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Prioritizing local suppliers and incorporating sustainability requirements into procurement processes.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products and processes.

Reporting Standards

Frameworks Used: ICMM (International Council on Mining & Metals), Svemin guidelines, TSM Protocols (Towards Sustainable Mining), UN's Agenda 2030, UN Global Compact

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 8 (Decent work and economic growth)
• Goal 9 (Industry, innovation, and infrastructure)
• Goal 11 (Sustainable cities and communities)
• Goal 13 (Climate action)
• Goal 15 (Life on land)

The company's initiatives contribute to these goals through responsible mining practices, community engagement, and a focus on sustainable energy and resource management.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• A decent employer for everyone
• Future-proof mining
• Promoting biodiversity
• Climate and energy
• Sustainable business
• Contributing to local community development
• Ethical business practices

Environmental Achievements

• Installed a pilot plant for water treatment, reducing metal contaminants by up to 97-99 percent in mine water.
• Developed a mass balance plan to optimize the reuse of topsoil.

Social Achievements

• Strengthened the team with people of several different nationalities and backgrounds.
• Developed a common set of values for the company.
• Actively contributed to local development through sponsorship of Kiruna växer and other initiatives.
• Offered summer jobs for young people and had students writing their degree projects.

Governance Achievements

• Updated its Code of Conduct and mapped how the Code of Conduct has been used in procurement.
• Established an external whistleblower function.

Climate Goals & Targets

Environmental Challenges

• Securing necessary permits (environmental permit, land allocation).
• Attracting and retaining skilled personnel.
• Shortage of housing in Kiruna.
• Ensuring responsible and sustainable operations.
• Managing stakeholder expectations (e.g., Sami communities).
• Fluctuations in metal prices and demand.
• Securing sufficient funding.

Mitigation Strategies

• Proactive investments in preparatory infrastructure.
• Detailed studies and pre-feasibility studies to reduce risks.
• Intensive exploration drilling to increase knowledge of deposits.
• Development of innovative water purification solutions.
• Dialogue with stakeholders and engagement with local communities.
• Directed share issue to secure funding.
• Convertible loan from Norrlandsfonden.

Supply Chain Management

Responsible Procurement

• Collaborations with local suppliers and partners.
• Setting sustainability goals in purchasing and procurement.

Climate-Related Risks & Opportunities

Opportunities

• Becoming one of the leading copper mines in the world in terms of low carbon dioxide emissions.

Reporting Standards

Frameworks Used: IFRS, ICMM, Svemin guidelines, TSM Protocols, UN Agenda 2030, UN Global Compact, PERC Standards

Third-party Assurance: Öhrlings PricewaterhouseCoopers AB

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 8 (Decent work and economic growth)
• Goal 11 (Sustainable cities and communities)
• Goal 13 (Climate action)
• Goal 15 (Life on land)

Copperstone's initiatives contribute to these goals through responsible mining practices, sustainable energy use, community development, climate change mitigation, and biodiversity protection.