Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental
• Social
• Governance
• Diversity, Equity and Inclusion (DEI)

Environmental Achievements

• Reduced greenhouse gas emissions through electrification of mine haul fleet (KSM project)
• Implementation of an employee busing program at KSM to reduce fuel consumption
• Strategic reorganization of the Environmental Department, adding 10 full-time environmental monitors at KSM (4 from Indigenous communities)
• Successful capture and disclosure of Scope 1, 2, and significant Scope 3 emissions
• Completion of Glacier Creek Fish Habitat Offsetting Project
• Received a Class 4 Quartz Exploration permit for the 3 Aces project
• Investment of over $8 million in the Johnny Mountain Mine reclamation project

Social Achievements

• Appointment of Melanie Miller as Chief Sustainability Officer
• Appointment of Carol Willson to the Board of Directors and as Audit Committee Chair
• Launch of anti-bullying and anti-harassment programs and inclusiveness training
• Improved safety outcomes thanks to investments in training and an enterprise-wide health and safety platform
• Increased local procurement to $170.7 million (compared to $52.4 million in 2021)
• 74% of total procurement budget spent on local suppliers
• Community development investment exceeding $185,000
• Over 68 students received funding through the Northwest B.C. Scholarship Program
• 67 students received funding through the Seabridge Gold Student Bursary Program

Governance Achievements

• Expansion of the Board Sustainability Committee
• Implementation of an enterprise-wide risk management system
• Adoption of the Recoupment of Incentive Compensation Policy (Clawback Policy)
• Adoption of the Equity Ownership Policy
• Adoption of the Say-on-Pay Policy
• Adoption of an Anti-Hedging Policy
• Adoption of a Shareholder Engagement Policy
• Achieved 30% representation of women on the Board and 30% of officers being women

Climate Goals & Targets

Environmental Challenges

• Difficulty in measuring Scope 3 emissions due to reliance on data from external sources
• Challenges in maintaining strong communication and connections with stakeholders during the COVID-19 pandemic

Mitigation Strategies

• Further development of approach to manage and reduce emissions in 2023
• Increased activities with the easing of COVID-19 restrictions
• Expansion of social media program to strengthen information sharing and engagement

Supply Chain Management

Responsible Procurement

• Prioritizing local and Indigenous suppliers
• Requiring contractors to maximize Indigenous employment

Climate-Related Risks & Opportunities

Opportunities

• Providing a long-term, stable supply of responsibly produced copper for the green economy

Reporting Standards

Frameworks Used: TCFD, CDP, SASB Metals and Mining Industry Standards, GRI Standards

Awards & Recognition

• 2022 Robert R. Hedley Award (Clem Pelletier)
• 2022 Jake McDonald Annual Mine Reclamation Award