Steppe Gold Limited
Climate Impact & Sustainability Data (2018 to 2022)
Reporting Period: 2018 to 2022
Environmental Metrics
Renewable Energy Share:1.3% (ATO site in 2022)
Total Energy Consumption:5,887.36 GJ (ATO site in 2022)
Water Consumption:36155 m3 (ATO site in 2022)
Waste Generated:235.64 metric tonnes (non-mineral waste in 2022)
ESG Focus Areas
- Climate Change
- Energy Management
- GHG Emissions
- Health and Safety
- Water Management
- Human Rights
- Waste Management
- Mine Closure
- Diversity and Inclusion
- Governance Strategy
- Compliance
- Biodiversity
- Local Community
- Youth Development
- Ethics
- Transparency
Environmental Achievements
- Consistently achieved a score of over 90% in the implementation of the Environmental Management Plan in recent years.
- Implemented 168 activities as committed in the EMP on site in 2022.
- Approval for 2023 EMP with 160 activities obtained.
- Recycled 100% of plastic waste and waste oil generated at the mine site (11.7 tonnes and 32.4 tonnes respectively since 2019).
Social Achievements
- Provided financial scholarships to over 1,600 local students since 2017.
- Employs over 260 local inhabitants (approximately 7% of the total population of Tsagaan Ovoo soum).
- Over 80% of total local procurement (over US$ 1,813,000 over a four-year period) from local producers.
- Zero non-technical delays of the project since commencement.
- Zero fatalities since the commencement of operations.
Governance Achievements
- Adopted a Code of Business Conduct and Ethics (2018), Anti-bribery and anti-corruption policy (2018), Whistleblower policy (2018), Transparent communication policy (2022), Corporate disclosure policy (2018), and Securities Trading Policy (2018).
- Conducted anti-corruption training for all employees in 2022.
- Implemented accountability accounting, internal controls, and auditing processes.
Climate Goals & Targets
Long-term Goals:
- Minimal environmental effects and return of land to a state supporting beneficial future land uses.
Medium-term Goals:
- Increase the use of clean energy (target not specified).
Short-term Goals:
- Develop a comprehensive Climate Action Strategy (CAS) by the end of 2023.
- Obtain ISO 14001 certification in 2023.
- Reduce non-hazardous waste by taking environmentally friendly measures in 2023.
Environmental Challenges
- Potential impacts of mining on water, land, and ecosystem.
- Growing vulnerability to climate change in Mongolia.
- Managing climate-related risks and opportunities.
- Managing the environmental and social impacts at the end of the mine’s life.
Mitigation Strategies
- Developed a closure and rehabilitation plan (2018) prior to mine operation.
- Implemented an environmental management system aiming for ISO 14001:2015 certification (preparatory work completed in 2022).
- Setting a goal to develop a comprehensive Climate Action Strategy (CAS) by the end of 2023.
- Implementing diverse initiatives such as tree planting, natural resource savings and natural conservation activities.
- Developing a Biodiversity Offset Management Plan.
Supply Chain Management
Responsible Procurement
- Inclusion of compliance requirements with Code of Business Conduct in procurement agreements.
- Greater consideration of vulnerable groups in the selection process.
Climate-Related Risks & Opportunities
Physical Risks
- Vulnerability to climate risks in the Steppe area.
Reporting Standards
Frameworks Used: SASB, HKEX Environmental, Social and Governance Reporting Guide, GRI Standards: Core option
Certifications: ISO 45001 (implementation commenced)
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 13 (Climate action)
- Goal 6 (Clean water and sanitation)
- Goal 8 (Decent work and economic growth)
- Goal 10 (Reduced inequalities)
- Goal 12 (Responsible consumption and production)
- Goal 15 (Life on land)
- Goal 17 (Partnerships for the goals)
Initiatives contribute to these goals through various programs and policies.