Climate Change Data

Lithium Americas (Argentina) Corp.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:34,198.4 tCO2e/year
Scope 1 Emissions:28,862.1 tCO2e/year
Scope 2 Emissions:5,336.4 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:53% of total energy use
Total Energy Consumption:Not disclosed
Water Consumption:2,552.05 ML/year
Waste Generated:1,403.69 tons/year (Cauchari-Olaroz) + 46.60 tons/year (Pastos Grandes)
Carbon Intensity:5.7 tCO2e/tLi2CO3 produced

ESG Focus Areas

  • Energy and emissions
  • Water and effluent
  • Biodiversity
  • Waste and hazardous materials
  • Talent attraction
  • Health and Safety
  • Local communities (including Indigenous Peoples)
  • Human Rights
  • Diversity, Equity and Inclusion
  • Ethics and integrity: social donations
  • Regulatory compliance

Environmental Achievements

  • Commencement of Operations at the Caucharí-Olaroz Project in June 2023
  • Development of a comprehensive data collection and reporting process which included the creation of an inventory of Scope 1 and Scope 2 emissions
  • Continued work to record and identify new species, following the identification of +400 species
  • 70,524.50 GJ of renewable energy purchased, constituting 53% of the total electric energy consumption

Social Achievements

  • Issuance of a Human Rights Policy in October 2023
  • Great Place to Work Certification at Caucharí-Olaroz for the second consecutive year in 2023 (78% of employees stated it was a Great place to work)
  • Exar was chosen as “Mining Company of the Year” by Panorama Minero
  • First Job Placement Program (#PIL) for communities, in which 14 young people participated, of which six became employed by Exar
  • Launch of the first edition of the Exar Project Contest with the community and financed 21 projects with a social impact on the community
  • Launch the Women Entrepreneurs Program to promote the development of more than 30 women in seven communities.

Governance Achievements

  • Five of eight board members are independent, and one of eight board members is female
  • Development of a comprehensive data collection and reporting process to collect non-financial, ESG-related information.
  • During 2023, the Board of Directors created the Diversity, Equity and Inclusion Policy, Corporate Governance Framework, Anti-Corruption and Bribery Policy, Human Rights Policy and Inventive Compensation Recovery (Clawback) to enhance the governance of the Company.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • GHG emissions mitigation: Monitor and report energy usage and GHG emissions throughout all project phases and establish a mitigation strategy once reaching full production on-site
  • Energy efficiency: Identify and implement energy efficiency opportunities, including expanding renewable energy sources, aiming for complete reliance on solar energy

Environmental Challenges

  • Water scarcity and depletion of aquifers
  • Disruption of fragile ecosystems
  • Loss of livelihoods and cultural disruptions for indigenous communities
  • Potential negative impacts on local populations from security personnel
Mitigation Strategies
  • Participatory Environmental Monitoring (PEM) approaches
  • Water management system that properly integrates the different elements of the system, proactively managing water quantity and quality, identifying any risks and planning how to respond to any incidents
  • Setting water-related objectives to measure, track and report on performance to both employee and the public
  • Providing training in human rights to security personnel

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Include contractual clauses for contractors, suppliers and other commercial associates taking rigid commitments to abolish child forced and compulsory labor

Climate-Related Risks & Opportunities

Physical Risks
  • Adverse weather conditions and natural disasters
Transition Risks
  • Changes in applicable laws, rules, regulations and government policies
Opportunities
  • Expanding renewable energy sources

Reporting Standards

Frameworks Used: GRI, SASB

Certifications: ISO 45001, ISO 14001:2015, ISO 9001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Mining Company of the Year by Panorama Minero