Monarca Minerals Inc.
Climate Impact & Sustainability Data (2015-12-10, 2020, 2022)
Reporting Period: 2015-12-10
Environmental Metrics
ESG Focus Areas
- Community Relations
Climate Goals & Targets
Medium-term Goals:
- Drill 12 new core holes
Short-term Goals:
- Re-assay approximately 5% of the mineralized intervals.
- Survey Collars
- Downhole Survey
- Topographic Survey
- Re-log Existing holes (approximately 5% of mineralized intervals)
- Review and correct data entry
Environmental Challenges
- Poor QA/QC procedures on all drilling, questions on drill logging and surveying standards.
- Strained relationship with the local community.
Mitigation Strategies
- Implementing industry-accepted procedures, including QA and QC programs.
- Concentrated effort to mend relations with the community.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: CIM Definition Standards for Mineral Resources and Mineral Reserves
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Corporate Social Responsibility (CSR)
- Stakeholder Engagement
- Community Development
- Sustainable Supply Chain
Social Achievements
- Appointment of Ms. Monica Ospina, a CSR expert, to the Board of Directors. Ms. Ospina's expertise includes stakeholder engagement, land access for exploration, and public-private partnerships. She is the author of the Local Community Procurement Program (LCPP), a Sustainable Supply Chain model awarded by the World Bank.
Climate Goals & Targets
Supply Chain Management
Responsible Procurement
- Local Community Procurement Program (LCPP)
Climate-Related Risks & Opportunities
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Community Relations
- Social Management
Social Achievements
- Monarca’s Social Management System is customized to manage social risk while building relationships of trust that support the work of exploration at each site
- Community engagement and agreement for drilling at San Jose Project
- Social risk assessment and community engagement at Tejamen Project
- Early community engagement at San Lucas Project