European Green Metals Ltd
Climate Impact & Sustainability Data (Q3 2023)
Reporting Period: Q3 2023
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Baseline environmental surveys commenced in summer 2023 (Geosyntec)
Social Achievements
- Strong relationships with local communities
- Community engagement practices, impact assessments & development programmes in accordance with each project phase
Governance Achievements
- Adheres to all international protocols for resource development
- Transparency and consultation are key to EGM’s community relations
- Committed to properly recording any damage from drilling or other invasive works and if necessary, will agree compensation with any affected landowners
Climate Goals & Targets
Medium-term Goals:
- Complete Bankable Feasibility Study in 18-24 months
Short-term Goals:
- Publish New Resource Estimate in Q2 2024
- Advance workstreams for Feasibility Study and social license to operate with community engagement
Environmental Challenges
- Securing necessary permits and approvals
- Potential for environmental impacts
- Maintaining positive community relations
Mitigation Strategies
- Constant consultation with stakeholders
- Implementation of stringent environmental guidelines
- Community engagement programs and impact assessments
Supply Chain Management
Climate-Related Risks & Opportunities
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 9 (Industry, innovation and infrastructure)
- Goal 13 (Climate action)
The Olserum project aims to contribute to the supply of critical minerals needed for renewable energy technologies and the transition to a low-carbon economy.