Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Released TCFD report and Water Stewardship Plan, outlining a five-year, $1.5 million investment in local water infrastructure projects.

Social Achievements

• Ongoing work in local communities since 2016, including a Social Baseline Study and Materiality Framework in 2020; engaged more than 60 local businesses and built a certifiable assay lab in Arizpe; over 30% of workforce from neighboring communities and 99.7% from Mexico; substantial investment to protect employees and community during the COVID19 pandemic.

Governance Achievements

• Formation of the Environment and Social Sustainability (SESS) Board committee in 2019; development of a five-pillar ESG strategy framework in 2020; early completion of the Transition Climate Risk assessment in 2021; incorporated sustainability framework within every department.

Climate Goals & Targets

Environmental Challenges

• Water consumption in the region (93% by agriculture), impacting community resilience to climate change.

Mitigation Strategies

• Five-year, $1.5 million investment in local water infrastructure projects focused on fixing water and sewage infrastructure supporting the communities.

Supply Chain Management

Responsible Procurement

• Engaged more than 60 local businesses

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD

Environmental Metrics

ESG Focus Areas

• Environment
• Social Capital
• Human Capital
• Leadership and Governance
• Business Resilience

Environmental Achievements

• Successfully achieved commercial production at Las Chispas Operation ahead of schedule and under budget.
• Developed and started implementing a Water Stewardship Plan with a US$1.5 million investment over five years in local water infrastructure projects.

Social Achievements

• Generated significant employment opportunities, with approximately 350 direct employees at the Las Chispas Operation at the end of 2022, approximately 90% from Sonora, and 99% from Mexico.
• Engaged more than 60 local businesses to support work at Las Chispas.
• Received the 2022 Empresa Socialmente Responsable (ESR) Socially Responsible Company Distinction by the Mexican Center for Philanthropy (CEMEFI).

Governance Achievements

• Established the Safety, Environmental and Social Sustainability (SESS) committee in May 2019 to oversee ESG risks and opportunities.
• 30% sustainability weighting on its 2022 corporate performance measures.
• 100% of Board members and employees received communication on anti-corruption.

Climate Goals & Targets

Environmental Challenges

• Water scarcity in the region of Las Chispas Operation.
• Inherent health and safety risks and hazards in mining operations.

Mitigation Strategies

• US$1.5 million investment over five years to improve local water infrastructure.
• Rigorous safety protocols, regular testing, and a dedicated quarantine camp to protect employee and community health during the COVID-19 pandemic.
• Development of health and safety systems involving regular training, audits, and metric measurement.

Supply Chain Management

Responsible Procurement

• Engaged more than 60 local businesses.

Climate-Related Risks & Opportunities

Physical Risks

• Water scarcity
• Drought
• Flooding
• Extreme heat

Reporting Standards

Frameworks Used: CDP, GRI, ICMM, SASB, UNGC

Third-party Assurance: Self-Declared

Awards & Recognition

• 2022 Empresa Socialmente Responsable (ESR) Socially Responsible Company Distinction

Environmental Metrics

ESG Focus Areas

• Climate Change and GHG Emissions
• Water Stewardship
• Tailings and Waste Management
• Biodiversity
• Health and Safety
• Community & Stakeholders
• Human Capital Development
• Diversity and Inclusion
• Business Ethics
• Supply Chain Management
• Human Rights

Environmental Achievements

• 55% Reduction of the scope 1 and scope 2 greenhouse gas (“GHG”) emissions intensity ratio relative to 2022
• 81% Percentage of water recycled
• Zero notifications of non-compliance

Social Achievements

• Zero fatalities
• $400,000 invested in community projects in 2023 (US$)
• Improved water accessibility and resilience through an improved sewage system and the creation of a second planting season for key parts of the agricultural land in the community
• Implementation of new self-rescue oxygen generator technology at Las Chispas

Governance Achievements

• Established an internal ESG taskforce
• 30% of Executive Management compensation incentive criteria tied to ESG objectives
• No notifications of non-compliance
• Board of Directors gender diversity of 43%
• Executive management gender diversity of 38%

Climate Goals & Targets

Environmental Challenges

• Water scarcity in Sonora, Mexico
• GHG emissions from operations
• Potential for acid rock drainage from waste rock

Mitigation Strategies

• $1.5 million committed to a 5-year Water Stewardship Plan to improve local water infrastructure
• Exploring opportunities to procure electricity from renewable sources (solar)
• Conducting geochemical studies to assess potential for acid rock drainage and optimize waste rock disposal process
• Implementing robust environmental management plans and monitoring programs

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct requiring adherence to SilverCrest's Code of Business Conduct and Ethics Policy, Anti-Bribery and Anti-Corruption Policy, and Whistleblower Policy

Climate-Related Risks & Opportunities

Physical Risks

• Drought
• Flood
• Extreme heat

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Renewable energy procurement

Reporting Standards

Frameworks Used: CDP, GRI, GRI - Mining and Metals Supplement, ICMM, SASB, UNGC, TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• CEMEFI Award 2023 for Empresas Socialmente Responsables (ESR) Distinction