Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental stewardship
• Sustainability
• Reconciliation with Indigenous peoples
• Talent acquisition and retention

Environmental Achievements

• Numerous mines are using hydropower, resulting in lower emissions compared to peers.
• Companies are increasingly adopting dry stack tailings and dense media separation (DMS) processing to reduce environmental impact.
• Several companies are working towards a 30% reduction in GHG emissions by 2030.

Social Achievements

• Many companies are working to improve camp conditions and rotation schedules to attract and retain talent.
• Initiatives to increase Indigenous participation in mining projects, including training and equity stakes.
• Companies are working to improve diversity and inclusion in the workplace.

Governance Achievements

• The Building More Mines Act, 2023, aimed to reduce administrative burden and improve regulatory efficiencies.
• Companies are increasingly disclosing ESG data and aligning with global standards like the GISTM and TCFD.
• Many companies are working to improve transparency and accountability in their operations.

Climate Goals & Targets

Environmental Challenges

• Persistent labor shortages in the mining sector.
• Escalating costs of mining due to inflation and supply chain disruptions.
• Dwindling investor appetite for junior mining companies.
• Complex and lengthy permitting processes.
• Concerns about the environmental impact of mining.
• Predatory short-selling in the junior mining sector.

Mitigation Strategies

• Government initiatives to attract and retain talent, including immigration programs and training initiatives.
• Companies are consolidating to strengthen their management teams and secure funding.
• Companies are exploring alternative financing options, such as streaming and royalties.
• Government efforts to modernize regulations and streamline permitting processes.
• Companies are investing in technology to improve efficiency and reduce environmental impact.
• Industry organizations are working to improve the reputation of the mining industry.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products and processes

Reporting Standards

Frameworks Used: GRI, TCFD, GISTM