Nouveau Monde Graphite Inc.
Climate Impact & Sustainability Data (2021, 2023)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:1546 tCO2e/year
Scope 1 Emissions:210.3 tCO2e/year
Scope 2 Emissions:1.3 tCO2e/year
Scope 3 Emissions:1334 tCO2e/year
Renewable Energy Share:37%
Total Energy Consumption:33,008 GJ/year
Water Consumption:0.71 ML/year (operational withdrawal)
Waste Generated:22 tons/year (non-mineral, non-hazardous)
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
- Biodiversity
- Community Engagement
- Indigenous Relations
- Health and Safety
- Diversity and Inclusion
- Governance
- Responsible Mining
- Circular Economy
Environmental Achievements
- Offsetting entire historical emissions
- Commissioned Phase-1 purification facility producing carbon-neutral spherical purified graphite (SPG) at 99.99% purity
- Developed a proprietary, hydrofluoric acid-free purification process
- Committed to an all-electric open-pit mine at Matawinie, projected to reduce CO2 emissions by over 300,000 tonnes over the mine’s lifespan
- Achieved 0 spills qualifying as a non-compliance with environmental laws or regulations
Social Achievements
- Signed collaboration agreement with Lithion Recycling for recycled graphite recovery and transformation
- Signed collaboration agreement with Caterpillar for development of an all-electric mining fleet
- Donated $53,912 in sponsorships to local organizations
- Developed a territory integration plan to enhance the area around the Matawinie Mine site and improve the region’s tourism and educational offer
- Implemented a Complaint Management Policy, resolving 2 complaints within 24 hours
Governance Achievements
- Joined the United Nations Global Compact initiative
- Endorsed the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)
- Received an A2 sustainability rating from Moody’s
- Established ESG functions at the Board of Directors and executive levels
- Released its first Climate Action Plan
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2030
Medium-term Goals:
- Maintain or improve the Company’s A2 sustainability rating
- Transition to Net Zero by 2030
- Partner with at least 3% of Indigenous-owned suppliers by 2025
- Engineer low-carbon infrastructure and deploy all-electric fleet by year 5 of Phase 2 of the Matawinie Mine
Short-term Goals:
- Progressively increase diversity representation on the Board of Directors and Management Team by 2025
- Achieve an OSHA recordable incident rate below 2 by 2025
- Conduct a life cycle analysis on NMG’s graphite materials by 2022
- Adopt a water stewardship policy by 2023
- Certify 100% of suppliers’ compliance with Supplier Code of Conduct by 2023
- Increase biodiversity leadership by ensuring compliance with protocols, launching site reclamation initiatives, and identifying opportunities for additional ecosystem compensation projects by 2023
- Provide training on Indigenous awareness and unconscious bias to 100% of employees by 2023
Environmental Challenges
- Supply chain disruptions due to global events (pandemic, war in Ukraine)
- Tight labor market
- Potential impacts on biodiversity and water resources
- Managing risks associated with community rights and interests
Mitigation Strategies
- Meticulous planning of mining and environmental engineering
- Active engagement with local community and Atikamekw First Nation
- Implementation of mitigation hierarchy for biodiversity (avoidance, minimization, restoration, offset)
- Integrated water management system
- Complaint Management Policy
- Community outreach programs
- Indigenous outreach program
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Supplier Code of Conduct
- Emphasis on local content and Indigenous business participation
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
- Electrification of mining operations
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, UNGC
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 9 (Industry, innovation, and infrastructure)
- Goal 12 (Responsible consumption and production)
- Goal 13 (Climate action)
- Goal 8 (Decent work and economic growth)
NMG's activities contribute to these goals through the production of green battery materials, responsible mining practices, community engagement, and commitment to carbon neutrality.
Sustainable Products & Innovation
- Carbon-neutral SPG
- Proprietary purification technology
Awards & Recognition
- Entrepreneur of the Year Award (Québec Mineral Exploration Association)
- Mining Magazine’s Future Fleets Award
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:644 tCO2e
Scope 1 Emissions:444 tCO2e
Scope 2 Emissions:4 tCO2e
Scope 3 Emissions:195 tCO2e
Renewable Energy Share:61%
Total Energy Consumption:19,358 GJ
Water Consumption:0.09 ML
Waste Generated:44 tons
ESG Focus Areas
- Climate Action
- Responsible Mining
- Indigenous Relations
- Stakeholder Engagement
- Workforce Development
- Governance
Environmental Achievements
- Maintained carbon-neutral balance through reduction efforts and verified carbon credits.
- Adopted a Water Stewardship Policy.
- Implemented environmental program, site reclamation initiatives, biodiversity protection and monitoring, and identified additional ecosystem compensation opportunities.
- No major environmental incidents.
Social Achievements
- Provided training on Indigenous awareness and unconscious bias to 95% of employees.
- Partnered with 1.4% of suppliers that are Indigenous-owned, hire Indigenous labor, and/or subcontract to Indigenous businesses.
- 0 complaints of harassment.
- 1,342 hours of training on health and safety provided.
Governance Achievements
- Implemented an enterprise risk management (ERM) framework.
- Completed a gap analysis against the Towards Sustainable Mining (TSM) protocols.
- 0 whistleblowing for violations or unethical conduct.
- 0 incidents of corruption.
Climate Goals & Targets
Long-term Goals:
- Net Zero emissions by 2030
Medium-term Goals:
- Transition to Net Zero by 2030.
- Implement 100% of initiatives to minimize land-use change at Matawinie Mine by 2060.
- Use 99% of renewable energy in 2030.
Short-term Goals:
- Reduce Phase-2 operations’ Scope 1 emissions by 30% in 2030, 65% in 2035, 100% in 2040.
- Reach a cradle-to-gate GWP of 1.1 kg of CO2 per kg of CSPG by 2030.
Environmental Challenges
- Achieving a recordable incident rate below 2 (OSHA calculation).
- Confirming 100% of suppliers' adherence to the Supplier Code of Conduct.
- Progressively increasing diversity representation on the Board and Management Team.
- Partnering with at least 3% of Indigenous-owned suppliers.
Mitigation Strategies
- Increased attention to slippery surfaces and raising awareness and training of workers.
- Incorporating ESG criteria into supplier selection and management.
- Implementing initiatives outlined in the Diversity, Equity and Inclusion (DEI) action plan.
- Advancing targeted efforts to integrate Indigenous businesses and workers in procurement practices.
Supply Chain Management
Supplier Audits: 86% of active suppliers confirmed adherence to the Supplier Code of Conduct.
Responsible Procurement
- Supplier Code of Conduct
- ESG criteria integrated into tendering process
- Annual disclosure on modern slavery risks.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events (heavy rain, ice storms, drought, heat waves, wildfires)
- Damage to infrastructure
- Supply chain disruptions
- Transportation delays
Transition Risks
- Increased cost of raw materials
- Increased electricity prices
- Fossil fuel price fluctuations
Opportunities
- Increased demand for low-emission products
- Development of energy-efficient products
- Recycling battery materials
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, UN SDGs, UN Global Compact
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 8 (Decent work and economic growth)
- Goal 9 (Industry, innovation, and infrastructure)
- Goal 13 (Climate action)
- Goal 17 (Partnerships for the goals)
NMG's initiatives contribute to these goals through carbon-neutral production, local economic development, sustainable technologies, climate action, and collaboration with stakeholders.
Sustainable Products & Innovation
- Proprietary thermochemical purification technology
- New types of precursors and coating technologies
- High electrochemical performance graphite-based composites
- Advanced graphite transformation technologies
- Recovery and value-added transformation of recycled graphite