Climate Change Data

Deterra Royalties Limited

Climate Impact & Sustainability Data (2021-07 to 2022-06, 2022-07 to 2023-06)

Reporting Period: 2021-07 to 2022-06

Environmental Metrics

Total Carbon Emissions:3.88 tCO2e/year
Scope 1 Emissions:0 tCO2e/year
Scope 2 Emissions:3.88 tCO2e/year

ESG Focus Areas

  • Corporate Governance, Business Ethics and Transparency
  • Climate Change Mitigation & Resilience
  • ESG Due Diligence

Environmental Achievements

  • Achieved Net Zero operational GHG emissions (3.88 t CO2e)
  • Adopted Human Rights & Climate Policies
  • Issued our first Modern Slavery Statement

Social Achievements

  • 8 employees (36% female)
  • No health and safety incidents

Governance Achievements

  • Became a UN Global Compact Participant
  • Published first Corporate Governance Statement and Voluntary Tax Disclosure
  • Developed ESG due diligence criteria
  • 5 board members (60% female)

Climate Goals & Targets

Environmental Challenges

  • Indirect exposure to ESG risks through the assets in which we invest
  • Finding value accretive investments in strong commodity markets
  • Limited ability to influence or control Mining Area C operations
Mitigation Strategies
  • ESG due diligence analysis prior to entering into royalty and stream agreements
  • Patient and disciplined approach to growth
  • Conservative balance sheet and low overheads
  • Diversification of revenue streams

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Changes in community expectations and legislation
Opportunities
  • Investing in projects with a favourable emissions profile
  • Participating in opportunities stemming from the transition to a low-carbon economy

Reporting Standards

Frameworks Used: GRI

Reporting Period: 2022-07 to 2023-06

Environmental Metrics

Total Carbon Emissions:0 tCO2e (Scope 1); 3.45 tCO2e (Scope 2 location-based); 0 tCO2e (Scope 2 market-based)
Scope 1 Emissions:0 tCO2e
Scope 2 Emissions:3.45 tCO2e
Renewable Energy Share:100% of purchased electricity

ESG Focus Areas

  • Governance, transparency, and disclosure
  • Climate change mitigation and energy
  • Value chain / investment due diligence

Environmental Achievements

  • Achieved Net Zero operational (Scope 1 & 2) GHG emissions

Social Achievements

  • Partnered with Earbus Foundation WA and increased team involvement in supporting community services

Governance Achievements

  • Strengthened ESG due diligence process
  • Strengthened of our board and committee membership through the addition of Jason Neal

Climate Goals & Targets

Environmental Challenges

  • Indirect ESG risks through the assets in which we invest
  • Material fluctuations in iron ore price and foreign exchange rates
  • Material production disruption at MAC from a natural disaster, catastrophic infrastructure or operations incident (mine, rail, or port), environmental or heritage licensing issues
  • Geopolitical risks associated with Chinese steel mill end customers including potential trade barriers or cessation of iron ore exports to China
Mitigation Strategies
  • Expanded our ESG Assessment Criteria and continue to refine our approach to assessing potential investment options
  • Monitors potential developments in MAC operations as well as the geopolitical landscape through its network of business relationships and other information sources
  • Maintains a conservative balance sheet and low overheads to withstand fluctuations in revenues derived from MAC
  • Seeking to further diversify its revenue streams via the acquisition of new royalties or streams in the future
  • ESG considerations applied in due diligence evaluation

Supply Chain Management

Responsible Procurement
  • ESG considerations applied in due diligence evaluation

Climate-Related Risks & Opportunities

Opportunities
  • opportunities stemming from the transition to a low carbon economy

Reporting Standards

Frameworks Used: GRI Standards