Climate Change Data

Bannerman Energy Ltd

Climate Impact & Sustainability Data (2020-09, 2021-12, 2023)

Reporting Period: 2020-09

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Etango has all environmental approvals for the proposed mine and external infrastructure, based on a 12-year environmental baseline

Social Achievements

  • Bannerman is a CSR leader within Namibia

Governance Achievements

  • Bannerman exercises best-practice governance in all aspects of its business

Climate Goals & Targets

Short-term Goals:
  • Completion of Etango-8 Pre-Feasibility Study (PFS) targeted for Q2 2021

Environmental Challenges

  • Muted uranium market activity due to COVID-19 and US election uncertainty
  • COVID-19 related supply disruptions in the uranium sector
Mitigation Strategies
  • Prudent cost control measures
  • No significant disruption to operations due to implemented COVID-19 safety measures

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2021-12

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Environmental Clearance for the proposed Etango Uranium Mine renewed for a further 3-year period to September 2024.

Social Achievements

  • Continued baseline monitoring of groundwater and air quality; high international standards maintained in Environmental and Social Impact Assessment (ESIA) and Environmental and Social Management Plan (ESMP).

Governance Achievements

  • Appointment of Chief Financial Officer, Mr Steve Herlihy; Technical Steering Committee appointed to oversee the Etango-8 DFS.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Completion of Etango-8 Definitive Feasibility Study (DFS) in 3Q CY2022

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

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: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:76,615 tCO2e/annum (forecast for operation)
Scope 1 Emissions:50,975 tCO2e/annum (forecast for operation)
Scope 2 Emissions:25,640 tCO2e/annum (forecast for operation)
Water Consumption:2.4 Mm3/annum (desalinated water)
Carbon Intensity:0.0293 tCO2e per lb U3O8 (forecast for operation)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Achieved all necessary environmental approvals, including Environmental Clearance Certificates (ECCs) for the Etango Uranium Project.
  • Completed the GHG Baseline Report for the Etango Uranium Project.
  • Completed two external environmental audits with no reported environmental issues or incidents.

Social Achievements

  • Won the 2023 ESG Forum Award at the African Mining Indaba in the Community Engagement category for the Early Learner Assistance Programme.
  • Over 3,500 learners benefited from the Early Learner Assistance Programme.
  • Achieved 13 consecutive years without any lost-time injuries.

Governance Achievements

  • Appointed Alison Terry as a Non-Executive Director and Chair of the Sustainability Committee.
  • Completed the Definitive Feasibility Study in December 2022.
  • Commenced Front End Engineering and Design (FEED).

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero emissions (implied, not explicitly stated).
Medium-term Goals:
  • Grow the Early Learner Assistance Programme to reach a further 300 learners.
  • Implement a second flagship youth educational initiative.
  • Update and consolidate Bannerman Namibia’s Environmental and Social Impact Assessments (ESIAs).
Short-term Goals:
  • Develop organisational capacity and competency to promote diversity in employment and stakeholder engagement.
  • Ensure all employees complete human rights training.
  • Implement the Namibian Affirmative Action (Employment) Act once employee count exceeds 10 Namibian employees.

Environmental Challenges

  • Widespread poverty, low employment rates, and limited education resources in Namibia.
  • Potential risks of climate change impacting groundwater recharge rates and habitat vulnerability.
Mitigation Strategies
  • Implementing the Early Learner Assistance Programme and other social investment initiatives.
  • Using desalinated seawater for the Etango Project to avoid competing with communities for groundwater resources.
  • Developing a Mine Closure Plan to address long-term environmental and social liabilities.

Supply Chain Management

Responsible Procurement
  • Sourcing over 80% of goods and services locally.

Climate-Related Risks & Opportunities

Physical Risks
  • Changes in temperature and rainfall patterns impacting groundwater recharge rates and habitat vulnerability.

Reporting Standards

Frameworks Used: GRI

UN Sustainable Development Goals

  • SDG 1: No Poverty
  • SDG 2: Zero Hunger
  • SDG 3: Good Health and Well-being
  • SDG 4: Quality Education
  • SDG 8: Decent Work and Economic Growth

Contributions through employment opportunities, social investment programs, and health initiatives.

Awards & Recognition

  • 2023 ESG Forum Award for Community Engagement