Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic significantly disrupted and continues to disrupt global health, economic and market conditions.
• COVID-19 impacts on Oyu Tolgoi underground development, including access restrictions and delays.
• Delays in securing a long-term domestic power source for the Oyu Tolgoi mine.
• Supplier force majeure declarations.
• Adverse effects on global economies and financial markets, resulting in reduced demand for base metals.
• Impacts on the health of personnel, partners, and contractors, and difficulty in recruiting and retaining skilled personnel.

Mitigation Strategies

• Multiple COVID-19 controls implemented at the Oyu Tolgoi site.
• Efforts to minimize delays to Panels 1 and 2 due to ventilation constraints.
• Negotiations with the Government of Mongolia to secure a long-term domestic power source.
• Productivity improvement program underway to address slower-than-planned sinking rates at Shaft 4.
• Ongoing monitoring of the situation in Mongolia and assessment of potential impacts of delays.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Safety
• Community Relations
• Social Licence to Operate

Social Achievements

• COVID-19 controls remained in place at the Oyu Tolgoi site to protect the workforce; COVID-19 cases remained at low levels in Q3 2022, leading to a relaxation of the testing regime and a return to full workforce capacity.

Climate Goals & Targets

Environmental Challenges

• Delays in the commissioning of Shafts 3 and 4 at the Oyu Tolgoi project (approximately 15-month delay)
• Delays to commencement of Panel 1 at Oyu Tolgoi
• Potential revocation of Shivee Tolgoi and Javhlant mining licenses due to the new Law on Permits in Mongolia
• Potential termination of the Entrée/Oyu Tolgoi JV or Entrée’s interest in the Entrée/Oyu Tolgoi JV Property
• Potential legal proceedings against Entrée from the Mongolian government
• Sandstorm and Horizon's potential influence on Entrée's affairs

Mitigation Strategies

• Closely monitoring progress on Shafts 3 and 4 and assessing the impact of any delays
• Discussions with stakeholders (Government of Mongolia, OTLLC, Erdenes Oyu Tolgoi LLC, Turquoise Hill, Rio Tinto) to resolve issues arising from Entrée’s exclusion from the Oyu Tolgoi Investment Agreement
• Advancing potential amendments to the Entrée/Oyu Tolgoi JVA
• Binding arbitration proceedings to seek declarations and orders for specific performance relating to certain provisions of the Equity Participation and Earn-in Agreement

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Human development and education
• Environmental protection

Environmental Achievements

• Implemented an environmental management system conforming to ISO 14001:2004 standards.
• Posted environmental bonds for restoration and environmental management work.

Social Achievements

• Launched a scholarship program awarding 27 one-year scholarships in 2023-2024 to Mongolian university students in geology, mining engineering, and environmental science.
• Presented English language training scholarships to medallists in four Mongolian State Olympiads (85 medals awarded).

Governance Achievements

• Established standing committees (Audit, Compensation, Corporate Governance & Nominating, and Technical) to oversee financial reporting, compensation, governance, and technical matters.

Climate Goals & Targets

Environmental Challenges

• Protracted discussions and arbitration proceedings with OTLLC and Rio Tinto regarding the transfer of mining licenses.
• Potential for the Government of Mongolia to share in the economic benefit of Entrée's interest in the Oyu Tolgoi project.
• Legal and political risks in Mongolia, including potential changes in laws and regulations.

Mitigation Strategies

• Commenced binding arbitration proceedings to enforce agreements.
• Ongoing discussions with Erdenes Oyu Tolgoi LLC regarding the Government of Mongolia's potential share in economic benefits.
• Collaboration with OTLLC and Rio Tinto to address legal and political risks.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NI 43-101

Certifications: ISO 14001