Novo Resources Corp
Climate Impact & Sustainability Data (2022-07 to 2023-06, 2023-07 to 2024-06)
Reporting Period: 2022-07 to 2023-06
Environmental Metrics
Total Carbon Emissions:11,859 tCO2e
Scope 1 Emissions:11,733 tCO2e
Scope 2 Emissions:38 tCO2e
Total Energy Consumption:252,526 GJ
Water Consumption:402 ML or 0.4 GL
ESG Focus Areas
- Governance
- Health, Safety and Wellbeing
- Communities
- Cultural Heritage
- Biodiversity and Land Management
- Climate Change
- Water Stewardship
Environmental Achievements
- Scope 1 and 2 GHG emissions reduced by 34,862 tCO2e due to the cessation of Nullagine Gold Project Operations.
Social Achievements
- Contributed in excess of $190,000 to community programs
- Gold Industry Group Award for Company of the Year 2022 as part of the National Gold Education Program
- Developed a Social Investment Policy and Social Investment Procedure to guide community investments.
- Opening of the Mantingunya Arts and Cultural Centre
Governance Achievements
- Updated Code of Conduct
- Expanded policies and procedures to enhance governance framework
Climate Goals & Targets
Long-term Goals:
- Adjusting our sustainability objectives to align with Novo’s transition from operations to focus on exploration.
Medium-term Goals:
- Undertake an initial assessment of our climate risks and opportunities.
Short-term Goals:
- Implement our Community Investment Strategy.
- Continue to enhance our environmental and social management system.
Environmental Challenges
- Transition of Nullagine Gold Project operations to care and maintenance.
- Managing climate change risks and opportunities.
Mitigation Strategies
- Refocused efforts on exploration strategy
- Developing a climate change policy to guide decision-making.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards
Awards & Recognition
- Gold Industry Group Award for Company of the Year 2022
- Gold Class Facilitator of the Year for 2022 (Liz Abel)
Reporting Period: 2023-07 to 2024-06
Environmental Metrics
Total Carbon Emissions:11,859 tCO2e/year
Scope 1 Emissions:77 tCO2e/year
Scope 2 Emissions:38 tCO2e/year
Total Energy Consumption:252,526 GJ
Water Consumption:0 m3/year
ESG Focus Areas
- Governance
- People and Communities
- Environment
Environmental Achievements
- 11,713 tonnes of CO2e (Scope 1 and 2) emissions reduced due to cessation of operations and sale of Nullagine Gold Project
Social Achievements
- $41,000 contributed to communities where we operate
- Sponsored WA Mining Club scholarship for regional geological student
- Attendance at Job Expos in WA and Victoria promoting the mining industry
- Improved Total Recordable Injury Frequency Rate (TRIFR) from 27.7 in FY23 to 15.9 in FY24
Governance Achievements
- Novo listed on the ASX on 11 September 2023
- Strengthened Environmental and Social Management Systems (ESMS) by updating key policies and procedures
- Developed new policies including Whistle Blower Policy, Health and Safety Policy, Diversity and Inclusion Policy, Code of Conduct, Anti-Bribery and Anti-Corruption Policy and Discrimination, Bullying and Harassment Policy, Shareholder Communication Policy, Mental Health and Wellbeing Policy, Equal Opportunity Policy, Cultural Heritage Policy, Environment Policy, Risk Policy and Climate Change Statement
Climate Goals & Targets
Short-term Goals:
- Complete rehabilitation of 90% of 14ha of disturbed land at Station Peak by FY25
Environmental Challenges
- Transition from an operator to a gold explorer
- Managing climate-related risks
Mitigation Strategies
- Divestment of the Nullagine Gold Project improved balance sheet and secured funding for exploration
- High-level assessment of physical climate risks and incorporation into corporate risk register
Supply Chain Management
Responsible Procurement
- Yurra Pty Ltd (Yurra) is Novo’s preferred supplier for rehabilitation and clearing in the Pilbara Region. Yurra is majority owned by the Yindjibarndi people.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards