Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Co-Development
• Good Governance

Environmental Achievements

• Joined Ecuador Zero Carbon Program
• Measured carbon footprint (GHG emissions) for Warintza Project operations
• Developed and implemented a carbon reduction strategy with a target of at least 9% reduction between 2021 and 2025.
• Developed and implemented a biodiversity and ecosystem management strategy.
• 91.96% compliance with the Environmental Management Plan

Social Achievements

• Created a Strategic Alliance with Shuar communities of Warints and Yawi
• Returned 26 property titles to the communities of Warints and Yawi
• Implemented community development programs: Warintza Deporte, Warintza Educa, Warintza Emprende, Warintza Mujeres, and Warintza Verde
• Launched the “Soy Minera” Scholarship program to promote the participation of women in the mining industry
• Implemented a participatory artisanal mining strategy with Indigenous communities
• Exceeded Ecuadorian law requiring 70% of workforce from the Amazon region (89% achieved)

Governance Achievements

• Adopted six new policies: sustainability, human rights, Indigenous rights, supply chain, anti-bribery and anti-corruption, and health and safety
• Joined the Extractive Industries Transparency Initiative (EITI)
• Adopted the United Nations Women’s Empowerment Principles (WEPs)
• Implemented Lowell 2.0 corporate strategy to improve internal controls and data management
• Became the first exploration company to adopt the Mining Local Procurement Reporting Mechanism (LPRM)

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on operations and community health
• Addressing false accusations made by external organizations regarding Indigenous rights
• Existing conflicts within Shuar territories
• Patriarchal structure in Shuar communities limiting women's participation

Mitigation Strategies

• Implemented a “Biosafety Emergency Plan” to combat COVID-19
• Provided vaccination campaigns in collaboration with the Ecuadorian government
• Addressed false accusations through transparent communication and engagement with communities
• Worked collaboratively with communities to address conflicts and promote self-determination
• Implemented programs to promote gender equality and women's empowerment (Warintza Mujeres)

Supply Chain Management

Responsible Procurement

• Supply Chain Policy requiring suppliers to comply with codes of conduct, safety principles, Indigenous Peoples’ rights, human rights, and labor and environmental standards
• Ring system for categorizing suppliers based on geographic location, level of participation, and value addition
• Preference given to local suppliers in procurement

Climate-Related Risks & Opportunities

Opportunities

• Electrification of infrastructure using low-cost, locally-sourced hydroelectric power

Reporting Standards

Frameworks Used: GRI Standards, SASB Standards, UNGC, UN SDGs, Local Procurement Reporting Mechanism (LPRM)

Certifications: 100% Carbono Neutral Programa Internacional

Third-party Assurance: BIT & T Auditores y Consultores Cia. Ltda. (for financial information)

UN Sustainable Development Goals

• SDG 1
• SDG 3
• SDG 4
• SDG 5
• SDG 6
• SDG 7
• SDG 8
• SDG 9
• SDG 10
• SDG 12
• SDG 13
• SDG 15
• SDG 16
• SDG 17

The report details how various initiatives contribute to each of these goals.

Environmental Metrics

ESG Focus Areas

• Responsible Governance
• Ethics and Transparency
• Impact Management
• Compliance
• Stakeholder Engagement
• Employment
• Value Creation
• Suppliers and Procurement
• Health and Safety
• Diversity, Equity, and Inclusion
• Indigenous Rights
• Community Development
• Human Rights
• Labour Relations
• Climate Change
• Water
• Biodiversity
• Waste

Environmental Achievements

• Reduced Scope 1 GHG emissions from 2042.90 tonnes of CO2 to 577.88 tonnes of CO2

Social Achievements

• Increased local employee percentage to 88%
• Implemented diversity and inclusion policies
• Reduced work-related fatalities to 0

Governance Achievements

• Established anti-corruption policies and procedures
• Implemented a Local Procurement Reporting Mechanism (LPRM)

Climate Goals & Targets

Environmental Challenges

• High employee turnover rate (8%) in 2023
• Incidents of discrimination (12 in 2023)
• High waste generation (136 metric tons of hazardous and non-hazardous waste disposed of in 2023)

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Local Procurement Reporting Mechanism (LPRM)

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UNGC, UN Sustainable Development Goals

Certifications: ISO 27001:2013 (for financial data compilation)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 1, 4, 5, 6, 7, 8, 10, 12, 13, 14, 15, 16, 17

The report states that the 2023 Sustainability Report incorporates the United Nations Sustainable Development Goals, but does not provide specific details on how initiatives contribute to each goal.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed