Climate Change Data

Environmental Metrics

ESG Focus Areas

• Health
• Safety
• Environmental
• Social
• Governance
• Biodiversity
• Water management
• Mine tailings
• Air
• Noise
• Energy
• Carbon footprint
• Greenhouse gas
• Hazardous substances
• Human rights
• Land use
• Vulnerable people
• Gender
• Labor practices
• Worker/community health & safety
• Security
• Legal compliance
• Ethics
• Anti-bribery and corruption
• Transparency

Environmental Achievements

• Reduced Scope 1 and Scope 2 GHG emissions through fuel switching and operational process improvements at Brazilian operations.
• 85% or higher water reuse rate target achieved at Santa Rita Mine (84% in December 2020) and Serrote Mine designed for over 90% water reuse.
• Development of Biodiversity Action Plans for both Santa Rita and Serrote mines, including revegetation projects and environmental education initiatives.
• Significant investments in tailings management, adhering to the highest international technical and safety standards.
• Development of comprehensive rehabilitation and closure plans for both mines.

Social Achievements

• Creation of around 5,000 direct jobs and ~11,000 indirect jobs in remote and rural communities.
• Preferential procurement from local suppliers and contractors.
• Implementation of numerous social programs, including community infrastructure programs, vocational training, and funding for community enterprise schemes.
• US$2.25 million social and community budget approved for Atlantic Nickel, Mineração Vale Verde, and Kalbar, supporting initiatives such as teacher training, cocoa projects, and women's empowerment programs.
• Both Santa Rita and Serrote Mines received ‘Great Place to Work’ certification.
• Launch of a new leadership and learning framework at Santa Rita and Serrote Mines.

Governance Achievements

• Adoption and implementation of the UNPRI principles.
• Partnership with IFC on all African investments, providing an environmental and social performance framework.
• Support for the DPI’s Responsible Sourcing initiative and membership in RESCO.
• Unified anti-bribery and corruption policy rolled out across all Appian portfolio companies.
• Robust whistleblower policies in each portfolio company.
• Dedicated training sessions on ethics and compliance.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting school closures and delays to school reopenings.
• Supply chain disruptions due to COVID-19.
• Potential for disruptions to operations due to climate change.

Mitigation Strategies

• Adaptation of social programs to address COVID-19 challenges.
• Implementation of COVID-19 relief measures for employees and communities.
• Proactive engagement with stakeholders to address potential risks and challenges.
• Focus on decarbonizing operations and developing a climate strategy.

Supply Chain Management

Responsible Procurement

• Preferential procurement from local suppliers and contractors.
• Development of a supply chain database to support local employment and economic development (Serrote).

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Decarbonization of industries, shifts in commodity demand

Opportunities

• Development of energy-efficient products and processes.

Reporting Standards

Frameworks Used: UNPRI, IFC Performance Standards, IRMA, AccountAbility, IFCMM, ICMM, UN Guiding Principles on Business and Human Rights, ILO 169, Greenhouse Gas Protocol, ISO 45001, ISO 14001:2015, International Cyanide Management Code (ICMC)

Certifications: Great Place to Work (Santa Rita and Serrote)

Awards & Recognition

• UNESCO certificate and recognition as an “Advanced Post of the Caatinga Biosphere Reserve” (Serrote)

Environmental Metrics

ESG Focus Areas

• Health
• Safety
• Environmental
• Social
• Governance
• Biodiversity
• Water management
• Mine tailings
• Air
• Noise
• Energy
• Carbon footprint
• Greenhouse gas
• Hazardous substances
• Human rights
• Land use
• Vulnerable people
• Gender
• Labor practices
• Worker/community health & safety
• Security
• Legal compliance
• Ethics
• Anti-bribery and corruption
• Transparency

Environmental Achievements

• Reduced Scope 1 and Scope 2 GHG emissions at Brazilian operations through fuel switching and operational process improvements
• 70% water reuse at Santa Rita Mine and 90% water recycling at Serrote Mine
• Santa Rita Mine evolving to become a zero discharge facility
• Revegetation projects at Santa Rita (79 ha recovered, 54,000 seedlings planted by October 2022) and Serrote
• Significant investments in tailings management, achieving Gold labels for efforts
• Biodiversity Action Plans developed for both Santa Rita and Serrote

Social Achievements

• Creation of around 5,000 direct jobs and ~11,000 indirect jobs in remote and rural communities
• Preferential granting of goods and services contracts to local suppliers
• Implementation of numerous social programs, including community infrastructure programs (classrooms, health centers, water wells), local recruitment and vocational training, funding for community enterprise schemes
• Great Place to Work certification for a second consecutive year
• US$2.25 million social and community budget approved for Atlantic Nickel, Mineração Vale Verde, and Kalbar
• Successful STEM teacher training initiative (96 teachers trained, 1,300 children participated)
• Women Entrepreneurs and Poultry Farm projects

Governance Achievements

• Adoption and adherence to UNPRI, ICMM Sustainable Development Framework, and IFC Performance Standards
• Unified anti-bribery and corruption policy rolled out across all portfolio companies
• Robust whistleblower policies in each portfolio company
• Multi-party tendering process for all contracts
• Regular gaps analyses conducted by external consultants (ERM, RCS Global Group, Ramboll)

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions (not explicitly stated, but implied by the discussion of local sourcing and contractor management)
• Security risks in Burkina Faso (Fortuna Silver Mines)
• Community disruptions at San Jose mine due to union and local government issues
• COVID-19 pandemic impacting school reopenings and site visits

Mitigation Strategies

• Prioritizing local hiring and suppliers
• Robust security management system in Burkina Faso (Fortuna Silver Mines)
• Addressing union concerns and working with local government to meet community requests (Fortuna Silver Mines)
• Adapting social programs to account for COVID-19 restrictions (e.g., virtual dialogues)

Supply Chain Management

Responsible Procurement

• Prioritizing local and regional suppliers
• Evaluating supplier performance and compliance with expectations

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather (implied)

Transition Risks

• Regulatory changes (implied)

Opportunities

• Renewable energy investments
• Development of energy-efficient products (implied)

Reporting Standards

Frameworks Used: UNPRI, ICMM Sustainable Development Framework, IFC Performance Standards, GRI Standards, SASB Standards, TCFD Recommendations, ISO 14064: 2018 Part 1, AccountAbility, IFCMM, IFC, UN Guiding Principles on Business and Human Rights, ILO 169

Certifications: ISO 14001:2015 (Fortuna aiming for certification at each operation), ISO 45001 (Fortuna's OHS management system)

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 13 (Climate action)
• Goal 8 (Decent work and economic growth)
• Goal 17 (Partnerships for the goals)

Various initiatives contribute to these goals through job creation, renewable energy use, emissions reduction, and community development programs.

Awards & Recognition

• Great Place to Work certification (Appian Capital Brazil)
• UNESCO certificate and recognition as an “Advanced Post of the Caatinga Biosphere Reserve” (Serrote)