Sigma Lithium Corporation
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Renewable Energy Share:100% green hydro power
Water Consumption:35 m3/hr (Phase 1 make-up raw water requirement)
ESG Focus Areas
- Sustainable development
- Minimizing environmental impact
- Improving lives of those in and around the region of operation
- Net zero emissions by 2024
Environmental Achievements
- Successfully initiated production in April 2023 with zero hazardous chemicals
- 100% green hydro power
- Tailings 100% dry stacked
- Zero lost time due to injury since construction commenced
- Minimal water impact
- Substantial Covid-19 suppression
Social Achievements
- More than 1,000 employees by Q4 2022 (approximately 40% from Jequitinhonha Valley community)
- Social programs promoting sustainable development and inclusion
- Board Diversity: 50% female / LGBTQ representation
Climate Goals & Targets
Long-term Goals:
- Net zero carbon emissions by 2024
Medium-term Goals:
- Potential Phase 2 & 3 production expansion
- Further exploration to increase mineral resources and extend mine life
Short-term Goals:
- Complete Phase 1 production ramp-up to nameplate capacity in Q3 2023
- Complete feasibility study and detailed engineering for Phase 2 & 3 expansion
Environmental Challenges
- Risks related to resource development (lithium market prices, EV market development, competition)
- Political, economic, social, regulatory, and geographic risks of doing business in Brazil
- Environmental compliance risks
- Climate change impacts and regulations
- Lack of prior mining operation experience
- Potential cost overruns and delays
- Securing title and property rights
- Community relations
- Counterparty risks
- Liquidity risk
- Material weaknesses in internal controls
Mitigation Strategies
- ESG-centric management strategy
- Stringent corporate governance, internal controls, and disclosure controls
- Experienced management team with expertise in emerging markets
- Proactive community engagement
- Risk mitigation strategies for financial, operational, and environmental risks
- Steps to remediate material weaknesses in internal controls
Supply Chain Management
Responsible Procurement
- Local procurement of goods and services
Climate-Related Risks & Opportunities
Physical Risks
- Flooding
- Inclement weather
Transition Risks
- Changes in lithium market demand
- Stringent environmental regulations
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: NI 43-101, CIM Definition Standards
Certifications: ISO 14001 (in progress), ISO 17025 (laboratories used)
Sustainable Products & Innovation
- Green Lithium