Climate Change Data

NextSource Materials Inc.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:733.8 tCO2e (Scope 1 only)
Scope 1 Emissions:733.8 tCO2e
Scope 2 Emissions:0
Scope 3 Emissions:Not disclosed
Renewable Energy Share:35% (of Molo's power)
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Human Rights
  • Health & Safety
  • Environment
  • Host Communities & Social Impact
  • Governance

Environmental Achievements

  • Reduced CO2 emissions by over 2,275 tpa through a solar-hybrid power plant providing 35% of Molo’s power needs.
  • Implemented water management plan including water reuse and clean/dirty water separation infrastructure.
  • Initiated reforestation projects (though targets not fully met due to land use conflicts).

Social Achievements

  • More than two-thirds of workforce from local and regional communities.
  • Initiated 12 internships and on-the-job training opportunities.
  • Provided educational materials kits for local schools benefiting 485 children.
  • Construction of sports facilities, solar street lighting, and road rehabilitation in the community.
  • Practical agricultural training for women in Beamalo and Ambararata.

Governance Achievements

  • Established a Sustainability Committee with six key focus areas.
  • Implemented a whistleblower and grievance mechanism.
  • Developed a Human Rights Policy aligned with international frameworks.
  • Developed a Business Conduct & Anti-Bribery and Corruption Policy.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Maintain a minimum 30% of overall energy from renewable resources.
  • Develop a Climate Action Plan for Board Approval by 2024.
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Logistical challenges due to remote location and underdeveloped roads.
  • Impacts on primary inputs (fuel) due to increased demand.
  • Impacts on worker health and safety due to heat and tropical diseases.
  • Impacts on mine infrastructure due to adverse weather events.
  • Uncontrolled release of process water and sewage (mitigated with additional containment infrastructure).
Mitigation Strategies
  • Appointed a Director of Logistics and Supply Chain to monitor road conditions and plan alternative routes.
  • Evaluating alternative transportation modes (river barges).
  • Localizing supply chain for basic inputs and skills.
  • Commitment to renewable energy (solar power).
  • Closed-loop system for water recycling.
  • On-site water treatment facilities.
  • Facility risk and maintenance registers and business continuity plans.
  • Additional containment dams to prevent uncontrolled water and sewage releases.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Localisation of supply chain where possible.

Climate-Related Risks & Opportunities

Physical Risks
  • Impacts on logistics (road conditions, adverse weather).
  • Impacts on worker health and safety (heat, tropical diseases).
  • Impacts on mine infrastructure (damage from weather events).
Transition Risks
  • Increased cost of primary inputs (fuel).
Opportunities
  • Increased demand for graphite due to energy transition.

Reporting Standards

Frameworks Used: GRI Standards, ICMM, TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • SuperFlake® graphite concentrate

Awards & Recognition

  • Not disclosed