Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced capital costs prior to first revenues ($312 million versus $380 million) and incorporated additional environmental measures ($85 million) for a total of $602 million.
• Improved environmental controls incorporated into the Supplemental Draft Environmental Impact Statement (SDEIS) resulting in lower energy consumption, reduced waste disposal and emissions.

Social Achievements

• Maintained an active community outreach program to provide information about the Project and its socio-economic benefits. Received letters of support from U.S. Senators.

Governance Achievements

• Complied with revised form of NI 43-101 Standards of Disclosure for Mineral Projects.

Climate Goals & Targets

Environmental Challenges

• Permitting is the most significant risk factor for the Project. Permits may be denied or legally challenged, or operating requirements imposed by the permits could be financially burdensome.
• Uncertainty related to the engineering scope and cost of mitigation required to meet applicable water standards, and responsibility for the financial liability.

Mitigation Strategies

• Completing a thorough environmental review and utilizing existing infrastructure (Erie Plant).
• Developing key mitigation plans and incorporating them into the SDEIS to demonstrate that the NorthMet project meets all state and federal standards.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NI 43-101