Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate governance
• Business ethics
• Anti-corruption
• Technological innovation
• Environmental management
• Poisonous substances and waste discharge management
• Biodiversity and land use
• Water stress
• Climate change
• Labour management
• Occupational health and safety
• Rights of indigenous peoples
• Security practices
• Community engagement
• Supply chain management
• Product responsibility

Environmental Achievements

• Achieved zero environmental incidents with severity of general and above and zero ecological damage incidents.
• 13 national green mines and 4 national green plants.
• 19 enterprises obtained ISO 14001 environmental management system certification.
• Reduced emissions of nitrogen oxides and sulfur dioxide per RMB10,000 of income by approximately 36% and 23% respectively compared to 2019 through boiler transformation and desulfurization facilities transformation.
• Recovered 12.8644 million m3 of acidic water containing copper and 11,620.41t of copper metal at the Zijinshan Gold and Copper Mine.

Social Achievements

• Donated about RMB166 million externally, including about RMB30 million of pandemic-fighting donations.
• Implemented a diverse, localized and non-discriminatory employment policy, with female employees accounting for more than 16%.
• 95% localization ratio of employees in host countries.
• Successfully completed the land and economic compensation in connection with the resettlement project for about 2,400 local residents.
• In the DR Congo, cooperated with 24 local suppliers with procurement reaching USD85.85 million.

Governance Achievements

• Renamed the Strategic Committee to the Strategic and Sustainable Development (ESG) Committee, strengthening strategic and sustainable development management.
• Established an ESG Management Committee and an ESG Work Team to implement the ESG strategic plan.
• Linked executive Directors’ and senior management’s remuneration to the Company’s sustainable development and ESG performance.
• Implemented a restricted A Share incentive scheme for key talents.

Climate Goals & Targets

Environmental Challenges

• Sudden and strong impact brought by COVID-19 pandemic in 2020.
• Incident of excessive flue gas from Zijin’s smelter in Serbia in September 2020.
• Two work-related fatality incidents occurred at the Timok Mine in Serbia.

Mitigation Strategies

• Earnestly implemented the general guideline of work with a fighting spirit despite difficulties.
• Accumulatively invested USD77,679,800 in environmental treatment and ecological restoration in Serbia and started an environmental protection technological transformation project.
• Carefully analyzed the cause of the incidents at Timok Mine and formulated corrective and precautionary measures.

Supply Chain Management

Supplier Audits: 155 on-site inspections

Responsible Procurement

• Administrative System of Procurement and Sales
• Practical Rules of Material Procurement Work
• Practical Rules of Refining Material Procurement and Products Sale
• Guideline on Supplier Management of Zijin Mining Group

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards (2016 version), TCFD framework

Certifications: ISO 14001, ISO 45001

Third-party Assurance: Ernst & Young Hua Ming LLP

UN Sustainable Development Goals

• Goal 1: No Poverty
• Goal 2: Zero Hunger
• Goal 3: Good Health and Well-being
• Goal 4: Quality Education
• Goal 5: Gender Equality
• Goal 7: Affordable and Clean Energy
• Goal 8: Decent Work and Economic Growth
• Goal 9: Industry, Innovation and Infrastructure
• Goal 12: Responsible Consumption and Production
• Goal 13: Climate Action
• Goal 15: Life on Land

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• National Civilized Unit
• Best Listed Companies by New Fortune
• Environmental Protection Excellence Award
• Outstanding Socio-economic Contribution Award
• National Advanced Group for Poverty Alleviation

Environmental Metrics

ESG Focus Areas

• Business ethics
• Environment and ecology
• Climate change
• Occupational health and safety
• Human rights
• Employees
• Communities
• Responsible supply chains

Environmental Achievements

• Generated 380 million kWh of electricity from clean energy on equity basis, equivalent to saving 47 thousand tonnes of standard coal, or reducing 267 thousand tonnes of carbon emission.
• Carbon dioxide emissions per unit of manufacturing value added decreased by 1.46% compared with the same period last year.

Social Achievements

• Global social contribution reached approximately RMB150 billion in the past three years.
• Accumulative dividends distributed to global investors exceeded RMB17 billion.
• Local employment rate reached 96% in overseas projects.
• Invested RMB 827 million in communities worldwide, including a donation of RMB10 million to the earthquake-affected areas in Gansu.
• Awarded the “China Charity Award” for the fourth time.

Governance Achievements

• Global mainstream ESG ratings were fully upgraded, placing the Company in the first tier of the global mining industry.
• Ranked among the top 6% of global mining companies in the S&P Global ESG Scores and at the top position among metals and mining companies in the world in the Refinitiv ESG rating.

Climate Goals & Targets

Environmental Challenges

• Extremely severe safety situation in 2023, with multiple safety incidents occurring among construction project subcontractors.
• Rising global geopolitical risks and uncertainties.
• Resource nationalism on the rise.
• Non-market factors bringing new risks to mining investments.
• Cost pressures: Global mining costs are high, skilled workers are in shortage, inflationary pressures are splitting over, mining taxes are rising and decarbonisation costs are mounting.

Mitigation Strategies

• Deeply learning from safety incidents, benchmarking against international advanced practices, anchoring the goal of “zero fatalities”, reshaping the safety management system.
• Implementing the master work directive of “improving quality, reducing costs, boosting profitability”, vigorously breaking through “the major tension between the increasing globalisation and restrictive domestic mindset and management style”, resolutely fighting the battle of production safety, and effectively curbing the rising cost trend.
• Adhering to the concept of common development, fully implementing the practice of making stakeholders benefit extensively from the existence of Zijin Mining, and comprehensively enhancing the Company’s risk resistance capability.
• Relying on self-initiated technologies and engineering capabilities across the entire process, and guiding investment and acquisition, geological exploration and operation and development activities with systematic engineering and the concept of economic mining, increasing the proportion of self-explored resources, reducing the acquisition cost of high-quality resources and enhancing the value of resource development.
• Strengthening the independent global supply chain system and support base development, enhancing the Company’s abilities in international operation, public relations and use of international rules to guard against risks.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Sudden-onset natural disasters

Transition Risks

• Stringent regulations and standards related to climate change response

Opportunities

• Development of clean energy power generation such as wind, solar and hydropower
• Investment in material industries related to clean energy storage such as “hydrogen energy”

Sustainable Products & Innovation

• Battery-grade iron phosphate
• Lithium battery copper foil
• High-performance copper alloy casting and foil
• Ammonia-hydrogen energy products

Awards & Recognition

• China Charity Award