Dynacor Group Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:5883 tCO2e/year (Scope 1 & 2); 20350 tCO2e/year (Scope 3)
Scope 1 Emissions:4139 tCO2e/year
Scope 2 Emissions:1744 tCO2e/year
Scope 3 Emissions:20350 tCO2e/year
Renewable Energy Share:51%
Total Energy Consumption:68898 GJ/year
Water Consumption:134.91 ML/year
Waste Generated:514 tons/year
Carbon Intensity:0.0453 tCO2eq per ounce of gold equivalent (Scope 1 & 2)
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- 18% reduction in water consumption intensity
- 51% of global energy consumption from renewable sources
- Started measuring Scope 3 emissions
Social Achievements
- US$105,958 invested in community development programs benefiting over 15,500 people
- US$527,300 allocated through Fidamar, directly benefiting over 9,000 people
- Increased number of employees by 62 compared to 2022
Governance Achievements
- Updated Code of Conduct
- Established Information Technology Committee
- ESG Criteria Integration training for employees
Climate Goals & Targets
Long-term Goals:
- Influence suppliers to adopt best practices in human rights
- Continue to promote the use of renewable energy in operations
Medium-term Goals:
- Achieve Great Place To Work® certification
- Conduct a third-party audit of electricity supplier to reduce emissions
- Evaluate clean energy projects for the Veta Dorada plant to reduce energy intensity
Short-term Goals:
- Increase sales by 6% to 14% compared to 2023
- Reduce water consumption intensity by adopting techniques that prevent evaporation in tailings pond
- Optimize the use of supplies to prevent waste generation from packaging
Environmental Challenges
- Increase in ore inventory (over 40 days of production at year-end 2023)
- Potential risks of buying ore from suppliers involved in money laundering, terrorism financing, corruption, and bribery
- Potential risks of selling gold to customers with weak or no regulation against money laundering, corruption, and bribery
Mitigation Strategies
- Risk management system for prevention of money laundering and terrorism financing
- Code of conduct guaranteeing sustainable practices respecting human rights
- Training on ore traceability procedure
- Anti-corruption and ML/TF documents and training provided to 307 employees
- Anti-bribery clauses in contracts and anti-bribery affidavits from suppliers, employees, and customers
Supply Chain Management
Supplier Audits: 70% of critical suppliers evaluated in 2023
Responsible Procurement
- Code of Conduct
- Human Rights Policy
- Environmental certification (e.g., FSC) for office paper materials
- Anti-bribery clauses in contracts
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI
Certifications:
UN Sustainable Development Goals
- Goal 7
- Goal 13