Climate Change Data

Triple Flag Precious Metals Corp.

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:14,223 tCO2e/year (Scope 2 and 3)
Scope 1 Emissions:0 tCO2e/year
Scope 2 Emissions:16 tCO2e/year
Scope 3 Emissions:14,205 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:70.82 GJ/year
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:0.17 tCO2e/GEO

ESG Focus Areas

  • Governance
  • Climate Change
  • Community Investment
  • Diversity and Inclusion

Environmental Achievements

  • Zero Scope 1 GHG emissions; total Scope 2 and 3 GHG emissions were 18 tonnes of CO2 equivalent (tCO2e)
  • Maintained carbon neutrality since inception, offsetting 14,223 tCO2e in 2021
  • Toronto office consumed 70.82 gigajoules of energy
  • 72 trees planted

Social Achievements

  • Maintained zero-incident record in both health and safety and Code of Conduct breaches
  • Invested over $500,000 in specific initiatives to support underrepresented communities near producing assets
  • Established an Indigenous scholarship program in Quebec

Governance Achievements

  • Enhanced governance framework by updating policies and developing new policies on Human Rights, Diversity and Inclusion, Ethical Business Conduct, Community Investment, Environment, and Climate Change
  • Five out of seven directors on the Board are independent
  • 40% of independent directors identify as women

Climate Goals & Targets

Long-term Goals:
  • Achieve net zero emissions by 2050
Medium-term Goals:
  • Achieve 30% women on the Board by 2025
  • Achieve 30% diversity in Senior Management by 2025
Short-term Goals:
  • Conduct a more robust materiality assessment
  • Increase engagement with producing mining partners
  • Work towards obtaining an ESG rating

Environmental Challenges

  • GHG emissions intensity increased by 25% due to sites ramping up production
  • Need to achieve net-zero emissions by 2050
Mitigation Strategies
  • Developed a Climate Strategy informed by TCFD recommendations
  • Offsetting GHG emissions through purchase of carbon offset credits
  • Will conduct an analysis of operations and value chain to explore pathways to achieve net-zero emissions target

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Prioritization of copper, nickel, and related metals for non-precious metal investments

Climate-Related Risks & Opportunities

Physical Risks
  • Floods, droughts, and other extreme weather events
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Development of energy-efficient products and renewable energy projects

Reporting Standards

Frameworks Used: GRI Standards core option, UNGC, SASB Metals and Mining Standard, SASB Asset Management and Custody Activities Standard, TCFD

Certifications: ISO 14001 (Northparkes), ISO 45001 (Northparkes, RBPlat)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 3
  • SDG 4
  • SDG 8
  • SDG 13

Community investments support quality education, gender equality, decent work, and climate action

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed