Coeur Mining, Inc.
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:299,279 tCO2e (market-based)
Scope 1 Emissions:208,490 tCO2e
Scope 2 Emissions:93,539 tCO2e (market-based)
Renewable Energy Share:44% (Wharf), 29% (Rochester), 25% (Palmarejo)
Total Energy Consumption:3,954,772 GJ
Carbon Intensity:14.27 kg CO2e/ton processed (market-based)
ESG Focus Areas
- Climate Change
- Greenhouse Gas Emissions
- Site Expansion, Reclamation & Closure
- Tailings
- Water
- Human Rights
- Local Supply & Hiring
- Local Community Development & Engagement
- Diversity, Equity and Inclusion
- Employee Training & Development
- Living Wage
- Workforce Health & Safety
- Anti-bribery & Anti-corruption
- Board Diversity
- Board ESG Oversight
- Ethics & Compliance
- Sustainability Integral to Company Strategy
Environmental Achievements
- Completed a comprehensive self-assessment against the Global Industry Standard on Tailings Management (GISTM)
- Completed an initial climate change scenario analysis, including below 2-degree Celsius scenarios
- Improved greenhouse gas emissions (GHG) reporting and tracking progress on our net intensity reduction goal
- Achieved a 19% decrease in the three-year trailing average of permit discharge exceedances
- Sourced approximately 44% of Wharf’s power in 2021 from wind, resulting in lowered emissions
- Optimized blasting and increased bench height at Rochester
- Implemented Ventilation-on-Demand in underground mines at Kensington
Social Achievements
- Achieved a 30% increase in employee participation in the culture survey
- Experienced a 2% increase in the diversity of the employee population
- Launched the Mobile Maintenance Trainee program in partnership with the University of Alaska Southeast
- Launched a new skilled trades program at Rochester
- Coeur Mexicana hosted 89 apprentices in 2021 and hired 43 into permanent positions
- Coeur Silvertip supported the 2021 Eco-Canada BEAHR training program
- Coeur Wharf supported 13 summer students and interns in 2021
- Coeur’s Chicago Office supported 15 interns across U.S. locations in 2021
- Provided 147 scholarships across locations
- Launched Coeur Mexicana’s Dignified Housing Project
Governance Achievements
- Refreshed corporate governance guidelines and Code of Conduct
- Added a metric to the executive long-term incentive program for 2022-2024 tied to achievement of the public GHG emissions net intensity reduction goal
- Maintained an ISS Quality Score of “1”
- Conducted regular ethics and Code training programs for all employees
Climate Goals & Targets
Short-term Goals:
- Reduce GHG emissions intensity by 35% by the end of 2024
Environmental Challenges
- Slight increase in GHG emissions year-over-year
- 11% increase in the three-year trailing average of significant spills
- 1.5% increase in voluntary turnover among diverse employees
- Contractor performance challenges in 2021
Mitigation Strategies
- Revised GHG emissions reduction goal to 35% net intensity reduction by 2024
- Tied reductions to a portion of the 2022 executive performance share award
- Increased focus on reducing GHG emissions across the organization
- Completed a cross-functional review of contractor management and identified multiple areas for improvement
- Developing company-wide dashboards on key environmental compliance risks
- Enhanced root cause investigations related to environmental indicators and knowledge sharing on lessons learned across sites
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Impacts on water management
- Impacts on supply chains
Transition Risks
- Regulatory compliance risks
- Rising carbon costs
- Reputational risks
Opportunities
- Increased product demand
- Technology advancements
- Operational efficiencies
- Potential to attract ESG-focused investors
Reporting Standards
Frameworks Used: SASB, TCFD, UN SDGs, GRI
Certifications: CORESafety®
UN Sustainable Development Goals
- 3
- 4
- 5
- 6
- 7
- 8
- 10
- 12
- 13
- 15
Coeur mapped its ESG-related strategies and activities to the SDGs and identified 10 that best align with its business and the areas in which it has the greatest potential impact.
Awards & Recognition
- NIOSH Mine Safety and Health Technology Innovations Award