Climate Change Data

Tier One Silver Inc.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Environmental Protection
  • Community Engagement
  • Social Responsibility

Environmental Achievements

  • Established environmental policies and codes of conduct; implemented measures to minimize environmental footprint; conducted work practices with due regard for environmental protection.
  • Renewed notarized social agreement with local community at Curibaya project until May 18, 2024, with option for one-year extension.

Social Achievements

  • Renewed notarized social agreement with local community at Curibaya project; committed to working constructively with local communities, government agencies and Indigenous groups; prioritizing creating mutually beneficial and long-term partnerships with communities; maximizing employment and procurement for local communities.

Governance Achievements

  • Adopted Code of Business Conduct and Ethics, Diversity Policy, Insider Trading Policy, Disclosure Policy and Whistleblower Policy; maintains high standards of corporate governance and social responsibility.

Climate Goals & Targets

Short-term Goals:
  • Renewal of community agreement at Curibaya.

Environmental Challenges

  • Risks associated with exploration activities (unusual formations, flooding, etc.); commodity price fluctuations; negative cash flow; relationships with local communities; environmental regulations; Peruvian regulatory compliance; climate change; changes in government regulation; civil unrest; competitive conditions; integration of acquisitions; title defects; reliance on contractors; legal and litigation risks; emerging market issuer risks; cybersecurity risks; social media risks.
Mitigation Strategies
  • Implemented safety and environmental measures; maintains liability and property insurance; diversification of funding sources; ongoing community engagement; compliance with environmental regulations; obtaining necessary permits; risk management strategies; due diligence in acquisitions; legal counsel; cybersecurity measures; reputation management.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Increased regulation of greenhouse gas emissions

Reporting Standards

Frameworks Used: NI 43-101