Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety
• Environment
• Community Relations
• Workforce Culture
• Equity, Diversity and Inclusion (EDI)

Environmental Achievements

• Total environmental incidents decreased by 32% compared to 2020.
• Overall energy intensity decreased by 1.4%.
• Combustion-only emissions intensity decreased to 23% below 2004 levels.
• 1MW solar power system installed at Galong facility in Australia, reducing electricity consumed from the local grid by 17% and curbing carbon emissions by 1,563 tonnes per annum.
• 30KW solar system installed at Excelsior Quarry in New South Wales, Australia.

Social Achievements

• Successfully gained access to sustainability-linked credit facilities in North America and Australia, linking financing costs to ESG performance.
• Continued to advance its Equity, Diversity and Inclusion (EDI) agenda, adopting a formal EDI Statement of Principles.
• Launched Tracking Safety Interactions (TSI) system, recording 666 safety-related discussions in APAC.
• Faulkner plant received COR accreditation.
• Increased near-miss and good-catch reporting by 27%.

Governance Achievements

• Sustainability is embedded into strategic planning and day-to-day operations.
• Six permanent Board Committees oversee specific aspects of the business.
• Annual performance-review process integrated at all levels of management to ensure goals are set in accordance with corporate strategy.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations and employee well-being.
• Climate change challenge: lime production is an emissions-intensive process.
• Lack of infrastructure for carbon transportation and sequestration.
• Inconsistencies with carbon pricing.
• Evolving regulatory environments.

Mitigation Strategies

• Global COVID-19 Task Force established to monitor the pandemic and guide response efforts.
• Commitment to achieving net-zero GHG emissions by 2050.
• Investing in renewable energy sources (solar power).
• Implementing enhanced process-control systems to reduce energy consumption.
• Increased use of lower-carbon fuels.
• Investing in state-of-the-art kiln technology for new projects.
• Multi-level discussions on potential pathways to a decarbonized world.

Supply Chain Management

Climate-Related Risks & Opportunities

Transition Risks

• Evolving regulatory environments
• Inconsistencies with carbon pricing

Opportunities

• Development of energy-efficient products and processes
• Investment in renewable energy and low-carbon technologies

Awards & Recognition

• Presidential Mineral Industry Platinum Environmental Award (Rio Tuba)
• Utah Mining Association Safety Award (Cricket Mountain)
• F.J. O’Connell Award (Marbleton)

Environmental Metrics

ESG Focus Areas

• Environment and Climate Change
• Workforce Culture
• Community Relations
• Safety

Environmental Achievements

• Reduced total environmental incidents by 23% compared to 2021 (lowest since reporting began 9 years ago)
• Reduced deviations by 22% and exceedances by 44%
• Reduced complaints by 24%
• 1MW solar installation at Galong plant, reducing electricity from grid by 17% and emissions by 1,653 tonnes per annum
• 30KW solar system at Excelsior Quarry

Social Achievements

• Launched Graymont Carbon Reduction Fund (GCRF) awarding grants for seven projects
• Improved overall safety performance: GRIR dropped to 1.55 (lowest since 2004), GLTIR decreased to 0.68 (record low), GSR reached its lowest rate since 2016
• Global introduction of Tracking Safety Interactions (TSI) program, recording 4,616 interactions in 2022
• Launched “Behaviors We Live By” safety campaign
• Continued to optimize LearnCenter for employee training and development

Governance Achievements

• Continued Board oversight through six permanent committees, including the Environment, Health, Safety and Community Engagement Committee (EHSCE)
• Maintained an Ethics Reporting System managed by an independent third-party provider

Climate Goals & Targets

Environmental Challenges

• Global supply chain issues, runaway inflation, rising fuel costs, and rising interest rates
• Fatal accident at Kemaman plant in Malaysia
• Climate change and the emission-intensive process of lime production
• Lack of infrastructure for carbon transportation and sequestration, evolving regulatory environments, and inconsistencies in carbon pricing across different countries
• Increased energy consumption and air pollutant emissions due to increased use of solid fuels

Mitigation Strategies

• Launched “Call to Action” in APAC operations including safety belief workshops and show me visits
• Introduced TSI program to improve safety culture
• Implemented baseline safety culture assessments
• Developed Graymont Carbon Reduction Fund (GCRF) to spur grassroots carbon-reduction initiatives
• Exploring pathways to a decarbonized world, including carbon capture and usage/sequestration (CCS)
• Proactively seeking opportunities for more readily achievable emissions reduction initiatives (best-in-class process control systems, increased use of biomass and low-carbon fuels)
• Developing a decarbonization strategy for the Bow Valley in Alberta, Canada
• Working with governments and stakeholders to address challenges related to carbon pricing and infrastructure

Supply Chain Management

Climate-Related Risks & Opportunities

Transition Risks

• Evolving regulatory environments
• Inconsistencies in carbon pricing

Opportunities

• Development of carbon-reduction technologies
• Government-backed financial incentive programs

Environmental Metrics

ESG Focus Areas

• Safety
• Environment
• Community Relations
• Workforce Culture
• Governance

Environmental Achievements

• 2% reduction in total environmental incidents
• Extension of comprehensive environmental standards to facilities in Australia, Malaysia, and the Philippines
• Completion of nine environmental-compliance audits and six environmental-conformance audits
• 0.9% decrease in Scope 2 GHG emissions compared to 2020
• 2.1% decrease in total Scope 1 GHG emissions
• 4.5% decrease in combustion emissions from 2022 levels
• 7% reduction in spills of petroleum or hazardous substances above reportable levels
• 11% year-over-year decrease in the number of complaints received

Social Achievements

• Voluntary turnover rate decreased to 8.9% in 2023
• No workdays lost to strikes or work stoppages
• Improved employee engagement score (76, up from 72 in 2022)
• Inauguration of new modern workspaces in Richmond, B.C., North Sydney, Australia, and Montreal
• Progress made on Equity, Diversity, and Inclusion (EDI) initiatives
• Increased tracking of Safety Interactions (TSI) by 41% to 6,505 interactions

Governance Achievements

• Completion of global safety culture assessments
• Implementation of Graymont Carbon Reduction Fund (GCRF) across Asia Pacific facilities
• Continued adherence to Graymont’s Code of Business Conduct and Ethics
• Maintenance of an Ethics Reporting System managed by an independent third-party provider

Climate Goals & Targets

Environmental Challenges

• Increase in reportable incidents and severity rates
• Tragic accident at Rio Tuba Plant in the Philippines
• Increase in emission exceedances (9%)
• Lingering economic and market uncertainty
• Lack of infrastructure for carbon transportation and sequestration
• Evolving regulatory environments and inconsistencies in carbon pricing

Mitigation Strategies

• Continued focus on advancing safety culture maturity
• Implementation of safety culture assessments globally
• Focus on sites with high exceedances to develop mitigation measures
• Proactive safety metrics (near misses and good catches) continue to increase
• Partnership in decarbonizing the Bow Valley Corridor in Alberta, Canada
• Evaluation of commercially available carbon capture technologies
• Integrated approach to monitoring GHG emissions

Supply Chain Management

Climate-Related Risks & Opportunities

Transition Risks

• Lack of infrastructure for carbon transportation and sequestration
• Evolving regulatory environments
• Inconsistencies in carbon pricing

Opportunities

• Development of energy-efficient products and processes
• Carbon capture and utilization/sequestration

Awards & Recognition

• Congressional Commendation (Eden, Wisconsin Plant)
• Safety Excellence Award (Exshaw, Alberta Plant)
• Mine Operator in the Non-Metal Sector award (Pilot Peak, Nevada Plant)
• Presidential Mineral Industry Environmental Award (PMIEA), Titanium Achievement Award (Rio Tuba, Philippines Plant)
• Safest Mines Award (Rio Tuba, Philippines Plant)