Endeavour Mining plc
Climate Impact & Sustainability Data (2022, 2023-06-30)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:884.9 ktCO2-e (Scope 1+2)
Scope 1 Emissions:749 ktCO2-e
Scope 2 Emissions:136 ktCO2-e
Scope 3 Emissions:415 ktCO2-e
Renewable Energy Share:Not disclosed
Total Energy Consumption:10.0 million GJ
Water Consumption:14,198 ML
Waste Generated:Not disclosed
Carbon Intensity:640 kg CO2-e/oz (2022)
ESG Focus Areas
- Climate Change
- Water Stewardship
- Biodiversity
- Employee Development
- Community Engagement
- Procurement
- Economic Development
- Zero Harm & Employee Wellbeing
- Diversity & Inclusion
- Ethical Business
Environmental Achievements
- Achieved emissions intensity of 640 kg CO2-e/oz, beating the target of <670 kg CO2-e/oz
- Recycled and reused 57% of water (target of 70% for 2023)
- Protected 1,837 hectares of land
- Restored 30 hectares of land (50% of target)
Social Achievements
- Total economic contribution to host countries: $1.9 billion
- 81% of total procurement in-country, supporting over 1,600 businesses
- 94% of employees and 57% of senior operational management are West African
- $23 million spent on social investments
- 43% increase in interns to 504
Governance Achievements
- Achieved Responsible Gold Mining Principles (RGMP) compliance at corporate level and Ity and Houndé mines
- Published externally assured Conflict Free Gold Standard Report and standalone Tax and Economic Contribution Report
- ESG performance targets account for 30% of short-term and 15% of long-term executive incentive compensation
Climate Goals & Targets
Long-term Goals:
- Net Zero emissions by 2050
Medium-term Goals:
- 30% reduction in carbon emissions intensity by 2030
Short-term Goals:
- Emissions intensity < 640kg CO2-e/oz
- 70% recycled water
- Protect 300 hectares of land
- Reclaim 60 hectares of land
- 50% reduction in single-use plastic water bottles
- Increase procurement spend to 35% for national-owned suppliers
- Implement Local Procurement Plan at each mine
- Reduce grievance closure time to 14 days
- Develop a 3-year community health assistance program
- Zero fatalities; reduce TRIFR by at least 5%
- 10% reduction in malaria mine site incidence rates
- Target 15% female new hires
- Conduct an employee engagement survey
Environmental Challenges
- One fatality reported during a blasting incident at the Ity mine
- Increased emissions intensity due to lower production volumes and increased use of thermal power in Burkina Faso
- Decrease in water reused and recycled due to tailings dam raises at Wahgnion and Sabodala-Massawa mines
- Lower total economic contribution due to lower production
Mitigation Strategies
- Implementing decarbonisation initiatives (connecting Mana mine to national grid, analyzing renewable solar projects)
- Setting a Group-wide water target of 70% recycling and reuse for 2023
- Improving Scope 3 calculation methodology and expanding reporting
- Investing in initiatives to improve access to water, education, and health facilities
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Prioritizes in-country suppliers; 81% of procurement sourced from host countries
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes, market shifts
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI Sustainability Reporting Standards (2021), SASB, TCFD, LPRM
Certifications: Null
Third-party Assurance: External assurance for key ESG performance indicators (GRI and SASB); external assurance for RGMP compliance
UN Sustainable Development Goals
- Not disclosed
Guided by the aims of the United Nations Sustainable Development Goals
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Best RSE Initiative award (Elites de Demain program)
- Chevalier de l’ordre de la santé et de l’action social award (Mana mine)
- Two employees recognized by Women in Mining UK
Reporting Period: 2023-06-30
Environmental Metrics
Total Carbon Emissions:640kg CO2-e/oz (FY2022)
ESG Focus Areas
- Health and Safety
- Diversity and Inclusion
- Responsible Gold Mining Principles (RGMPs) compliance
- Climate Change
- ISO Certification
- Health
- Education
- Economic Development
- Access to Water and Energy
- Climate Change
- Water Stewardship
- Biodiversity Protection
- Waste Reduction
- Human Rights
- Zero Harm
- Employee Well-being
- Responsible Sourcing
- Rigorous Reporting
Environmental Achievements
- 49% decrease in TRIFR to 0.87 and a 90% reduction in LTIFR to 0.02 compared to 2021
- Industry-low CO2 emissions intensity, achieving FY-2022 emissions intensity target (total Scope 1 and 2) of less than 670kg CO2-e/oz, reporting 640kg CO2-e/oz for the year
- Zero environmental incidents reported
- All operational tailings audited in 2022 against the International Cyanide Management Code with no significant incidents involving cyanide
Social Achievements
- Total economic contribution to host countries of $1.9 billion
- 81% of total procurement sourced from host countries, supporting approximately 1,600 national and local businesses
- $23 million invested in social investments, including $16 million contributed to the Local Development Mining Funds, and $7 million invested in community projects
- Increase in West African senior management to 57%
Governance Achievements
- Established a dedicated sustainability governance structure with an ESG Committee at board level and an Executive Management ESG Steering Committee
- Appointed Djaria Traore as EVP ESG and Supply Chain in January 2023
- ESG-related executive compensation targets linked to priority areas
- External assurance for compliance to the RGMPs for Houndé and Ity mines and at the corporate level
- Participation in the United Nations Global Compact and signatory of the Women’s Empowerment Principles
Climate Goals & Targets
Medium-term Goals:
- 30% reduction in CO2 emissions by 2030
Short-term Goals:
- 2023 ESG targets focused on health and safety, diversity, RGMP compliance, climate change and ISO certification
Environmental Challenges
- Security threats in operating jurisdictions (terrorism, kidnapping, extortion)
- Complex and unstable geopolitical environments in West Africa
- Potential for adverse community relations impacting reputation and social license to operate
- Volatility of gold prices and production input costs (oil)
- Inherent risk of environmental damage and non-compliance
- Concentration of operations in West Africa
- Supply chain disruptions due to micro and macroeconomic factors
- Potential for operational performance risks (weather, natural disasters, geotechnical challenges, equipment failure)
- Risk of not retaining or attracting skilled employees
- Risks associated with large capital projects (cost overruns, resource recovery issues)
- Complex and diverse regulatory compliance environment
- Credit risk, liquidity risk, currency risk, interest rate risk, and other price risks
Mitigation Strategies
- Ongoing monitoring and management of security risks
- Intensive monitoring and management of geopolitical changes
- Continued focus on generating sustainable benefits for local communities
- Gold revenue protection programs to mitigate gold price volatility
- Compliance with environmental regulations and standards
- Evaluation of portfolio diversification beyond West Africa
- Strategies to mitigate supply chain disruptions
- Risk management processes to address operational performance risks
- Succession planning and talent retention strategies
- Robust project evaluation and management processes
- Effective management of legal and regulatory obligations
- Diversification of investments and monitoring of financial risks
Supply Chain Management
Responsible Procurement
- 81% of total procurement sourced from host countries
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products (e.g., solar power plant at Sabodala-Massawa)
Reporting Standards
Frameworks Used: TCFD, GRI, RGMPs, SASB, LPRM, UN Global Compact
Third-party Assurance: Yes, for key ESG data for a third year in a row