Climate Change Data

Altius Minerals Corporation

Climate Impact & Sustainability Data (2020 and 2021, 2022, 2023)

Reporting Period: 2020 and 2021

Environmental Metrics

Total Carbon Emissions:94,963.2 tCO2e/year (2021)
Scope 1 Emissions:0 tCO2e/year
Scope 2 Emissions:1.28 tCO2e/year (2021)
Scope 3 Emissions:94,954.0 tCO2e/year (2021)
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Diversity and Inclusion
  • Governance
  • Community Investment
  • Human Rights
  • Health and Safety
  • Cybersecurity

Environmental Achievements

  • Offset some 74 tonnes of emissions through the purchase of carbon offsets in 2021
  • Zero environmental incidents since inception in 1997

Social Achievements

  • Invested some $93,000 in community-related initiatives in 2021
  • Developed an Employee Wellness Policy in 2022 reimbursing up to $1,000 per year per employee for wellness activities
  • Zero health and safety incidents in 2021 and only one minor lost-time injury since 1997
  • 100% of employees participate in the employee community giving program

Governance Achievements

  • Re-constituted the Corporate Governance and Nominating Committee into the Governance and Sustainability Committee
  • Completed a review of core corporate policies
  • Implemented ESG Investment Policy
  • Adopted a “Say-on-Pay” Policy with 99% shareholder support
  • Enhanced disclosure of Scope 3 greenhouse gas emissions

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions (following Mosaic's target by 2040)
Medium-term Goals:
  • Achieve at least a 30 percent reduction in GHG emissions (Scope 1 + 2) per tonne of products produced (following Nutrien's target)
Short-term Goals:
  • Develop a net-zero emissions plan covering Scope 1, 2, and 3 emissions
  • Develop a community investment strategy and policy
  • Conduct enhanced refresher training on corporate policies for employees

Environmental Challenges

  • Indirect risks and opportunities related to the transition to a lower carbon economy through its operating companies
  • Indirect exposure to climate-related physical risks through its operating partners (extreme weather events)
  • Managing Scope 3 emissions from investments in carbon-intensive sectors
Mitigation Strategies
  • Developing a full climate change strategy to address Scope 1, 2, and 3 emissions
  • Integrating climate risks and opportunities into ESG due diligence
  • Investing in renewable energy royalty company ARR (59% stake) and Invert (carbon reduction and removal projects)
  • Reporting investments’ GHG emissions on an attributable basis
  • Engaging with operators on emission reduction and offsetting strategies

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Changes in commodity prices due to lower-carbon economy transition
Opportunities
  • Investments in renewable energy and carbon reduction projects

Reporting Standards

Frameworks Used: SASB Asset Management and Custody Activities Sustainability Accounting Standard, GRI Standards, TCFD

Certifications: ISO 14001 (Chapada Mine, Lundin Mining), ISO 45001 (Chapada Mine, Lundin Mining)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:104,185 tCO2e/year (Scope 3, including financed emissions)
Scope 1 Emissions:0 tCO2e/year
Scope 2 Emissions:1.5 tCO2e/year
Scope 3 Emissions:104,185 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:57,836 kWh/year
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Environmental, Health, and Safety
  • Cybersecurity
  • Diversity and Inclusion
  • Community Investment
  • Responsible Governance
  • Human Rights
  • Supply Chain

Environmental Achievements

  • Purchased carbon credits to offset approximately 25,300 tonnes of CO2 equivalent.
  • Zero environmental incidents since inception.

Social Achievements

  • Invested some $73,000 in community-related initiatives.
  • Introduced an Employee Wellness Policy in 2022.

Governance Achievements

  • Increased ESG weighting in executive compensation to 10% in 2023 from 7.5% in 2022.
  • Say-on-Pay advisory vote with 98% approval in 2023.
  • Developed a Supplier Code of Conduct.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions
Medium-term Goals:
  • Develop a community investment strategy and updated policy.
Short-term Goals:
  • Develop a net-zero emissions plan covering Scope 1, 2, and 3 emissions.

Environmental Challenges

  • Indirect exposure to climate change risks through investments in mining operators.
  • Supply chain risks related to solar panel production in Xinjiang.
  • Data limitations in calculating attributable emissions from investments.
Mitigation Strategies
  • Purchasing voluntary carbon credits to offset emissions.
  • Engaging with operators on decarbonization plans.
  • Partnering with Invert Inc. for emissions calculations and carbon offsetting.
  • ARR counterparties are signatories to the Solar Industry Forced Labor Prevention Pledge.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events impacting operators’ infrastructure and production.
Transition Risks
  • Impact of transition to lower-carbon economy on commodity prices.
Opportunities
  • Investments in renewable energy (ARR) and carbon reduction projects (Invert Inc.).

Reporting Standards

Frameworks Used: SASB Asset Management and Custody Activities, GRI Standards, TCFD

Third-party Assurance: Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:72,757 tCO2e/year
Scope 1 Emissions:0 tCO2e/year
Scope 2 Emissions:1.1 tCO2e/year
Scope 3 Emissions:72,757 tCO2e/year
Renewable Energy Share:78.81%
Total Energy Consumption:66,260 kWh/year
Water Consumption:0 m3/year
Waste Generated:0 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Responsible Governance
  • Business Model Resilience
  • Business Ethics
  • Labour Relations
  • Diversity and Inclusion
  • Cybersecurity
  • Community Engagement and Investment
  • Environmental Stewardship
  • Human Rights
  • Indigenous Rights

Environmental Achievements

  • Zero environmental incidents
  • Offset approximately 22,579 tonnes CO2 equivalent (year ended Dec 31, 2023) through carbon credit purchases
  • Improved climate change disclosure

Social Achievements

  • Developed a community investment strategy and updated policy
  • Zero health and safety incidents
  • Improved diversity and inclusion initiatives
  • Introduced Modern Slavery monitoring of operator disclosure

Governance Achievements

  • Enhanced Board oversight of risk
  • Enhanced ESG due diligence measures for Project Generation segment and site visits
  • Produced first Communication on Progress report in 2024
  • Say-on-Pay Advisory Vote approvals at 99%

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Achieve at least a 30 percent reduction in GHG emissions (Scope 1 + 2) per tonne of products produced from a baseline year of 2018 by 2030 (for attributable share of operator emissions)
Short-term Goals:
  • Enhance Board oversight of risk
  • Enhance ESG due diligence measures for Project Generation segment and site visits
  • Develop a net-zero emissions plan covering Scope 1, Scope 2, and Scope 3 emissions

Environmental Challenges

  • Data collection for emissions generated by our operating royalty assets remains challenging
  • Climate change risks through direct business activities and indirectly through investments in mining operators
  • Transition to a lower carbon economy could impact commodity prices
  • Indirect exposure to climate-related physical risks through operating partners
Mitigation Strategies
  • Purchased voluntary carbon credit offsets for Scope 2 and Scope 3 direct emissions
  • Developed a net-zero emissions plan covering Scope 1, Scope 2, and Scope 3 emissions
  • Improved climate change disclosure
  • ESG risk evaluation is a core element of our overall investment due diligence process
  • Assess how a new cash flowing royalty or portfolio of royalties will impact our Scope 3 emissions profile

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Impact on production or commodity prices
Transition Risks
  • Changing climate legislation
  • Impact on commodity prices
Opportunities
  • Investment in renewable energy (ARR)
  • Investment in low-carbon technologies

Reporting Standards

Frameworks Used: SASB, GRI, TCFD

Certifications: ISO 14001, ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed