Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate change
• Energy efficiency
• Environment
• Circular economy
• Safety
• Social responsibility

Environmental Achievements

• Reduced CO2 emissions per sellable ton of production (stable compared to previous years)
• Installed new environmental filter in Kvinesdal, reducing dust emissions by 7 tonnes/year
• Conducted a study on dust volume and air quality in Porsgrunn in collaboration with Yara and NORCE

Social Achievements

• Awarded a development grant to further develop the On-the-Job Training (OJT) program
• No serious accidents in 2019
• Active contribution to local community development

Governance Achievements

• Implemented the Green Zone concept to strengthen safety culture
• Signed an anti-corruption directive and developed clear guidelines on anti-corruption and ethics
• All plants are ISO 50001 certified for energy management

Climate Goals & Targets

Environmental Challenges

• Reducing CO2 emissions by 43% by 2030 and 80% by 2050
• Increasing energy recovery by 27% by 2030
• Reducing waste deposition by 50% by 2030
• Managing dust emissions and air quality

Mitigation Strategies

• R&D projects focusing on bio-carbon, pre-reduction, CO2 capture and storage (CCS), and CO2 utilization (CCU)
• NewERA energy recovery project
• Shore electricity facilities at all plants
• Continuous improvement efforts in energy management
• Systematic mapping of fugitive emission sources and development of flow models

Supply Chain Management

Responsible Procurement

• Lead Buyers system for critical goods
• Strict sustainability requirements for suppliers

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and processes

UN Sustainable Development Goals

• Goal 8
• Goal 9
• Goal 12
• Goal 13

The report details how Eramet Norway's activities contribute to these goals.

Sustainable Products & Innovation

• Silica Green Stone

Environmental Metrics

ESG Focus Areas

• Climate change
• Diversity & Inclusion
• Responsible supply chain
• Health and safety
• Community engagement

Environmental Achievements

• Reduced tCO2/t outgoing product by 25.4% (ref. 2018)
• Recovered 990,000t of low-grade incidental ores and tailings thanks to the circular economy plan
• 92% of decarbonated power purchased in 2020

Social Achievements

• Reduction of accident frequency rate (FR2) by 24% in 2020
• 67% of employees received training
• €10 million Covid-19 solidarity plan
• Signature of the Diversity Charter

Governance Achievements

• Improved ISS ESG Corporate rating to B-, achieving "Prime" status
• B rating in CDP Climate Change questionnaire

Climate Goals & Targets

Environmental Challenges

• Slowdown in global economic growth due to the pandemic, particularly the aerospace crisis
• Rapidly changing markets and customer needs
• Increased market volatility
• Desire to refocus investment on future projects
• Acceleration of organizational transformation
• Development of Industry 4.0
• Change in sales strategies and customer demands
• Deep, long-term aerospace crisis
• Significant decline in manganese ore prices

Mitigation Strategies

• Quick adaptation to Covid-19 health measures, maintaining mine and plant operations
• New business model for SLN based on ferronickel production and low-grade ore exports
• Improved productivity and reduced energy prices at SLN
• Industrial restructuring of A&D and Erasteel, focusing on strategic market segments
• Cost reduction and working capital control measures in High-Performance Alloys division
• Modular approach to increase capacity of Moanda mine
• Dry processing of manganese ore to extend mine life
• Development of Weda Bay nickel deposit
• Study with BASF on refined nickel-cobalt production for electric vehicles
• Cash control plan, including strict control of industrial capex and WCR

Supply Chain Management

Responsible Procurement

• Code of Conduct
• CSR/Ethics assessments

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IIRC

UN Sustainable Development Goals

• SDG 8
• SDG 9
• SDG 12
• SDG 13

Eramet's economic and productive activities directly meet these goals

Awards & Recognition

• Wall Street Journal ranking among the 100 most sustainably managed companies

Environmental Metrics

ESG Focus Areas

• Climate change
• Biodiversity
• Water resource management
• Employee safety and well-being
• Community relations
• Human rights
• Responsible supply chain
• Ethical business practices

Environmental Achievements

• 39% reduction in tCO2/t outgoing product (ref. 2018)
• Creation of the Lékédi Biodiversity Foundation in Gabon
• 90% extraction efficiency in lithium direct extraction process at pilot plant
• -44% reduction in water resources consumed compared to conventional lithium process

Social Achievements

• 59% reduction in accident frequency rate (FR2)
• 26% of managers are women
• 72% of employees received training
• Medical care provided to 22,000 people
• Improvement in apprenticeship conditions for 14,000 students
• €9.3 million investment in local communities

Governance Achievements

• Inclusion of the corporate purpose in the Group’s Articles of Association
• 50% proportion of independent directors on the Board
• 44% parity level on the Board

Climate Goals & Targets

Environmental Challenges

• Variability in global economic growth
• Rapidly changing markets and customer needs
• Logistical disruptions
• Increased market volatility
• Geopolitical tensions
• Climate change
• Loss of biodiversity
• Uneven distribution of water
• High freight costs and logistics issues
• Developments in energy costs
• Increase in the price of metallurgical coke

Mitigation Strategies

• Development of crisis management procedures
• Increased use of digital interfaces
• Integration of a societal approach to operational excellence
• Implementation of a solution for transporting manganese ore by larger vessels in Gabon
• Long-term supply contracts using hydro and wind power in Norway
• Action plan to strengthen internal controls and security measures within the Group Treasury department

Supply Chain Management

Responsible Procurement

• Code of Conduct
• CSR/Ethics assessments
• Monitoring of action plans for the Responsible Purchasing procedure

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IIRC

UN Sustainable Development Goals

• SDG 8
• SDG 9
• SDG 12
• SDG 13

Eramet’s CSR Roadmap, based on these goals, particularly contributes to the human, ethical and environmental issues.

Environmental Metrics

ESG Focus Areas

• Health and safety of employees and subcontractors
• Energy consumption and GHG emissions
• Contribution to and impact on local populations/communities
• Sustainable economic performance
• Impact on biodiversity
• Human rights
• Adapting to climate change
• Impact on water resources

Environmental Achievements

• Reduced CO2 emissions per tonne of alloy produced by 40% between 2018 and 2022 (compared to 2018)
• Return of 85 hectares of rehabilitated land to the Senegalese State
• First drone seeding campaign (17 ha) at Comilog
• All the Group’s mining and metallurgical sites are ISO 50001 certified.

Social Achievements

• Number of accidents fell by 27% in 2022. More than six-fold reduction in five years.
• Women accounted for nearly 26% of managers at the end of 2022.
• 22,100 people obtained access to free healthcare and medicine (Gabon).
• 30 micro-entrepreneurs supported by a development programme in Argentina.

Governance Achievements

• Finalisation of Eramet’s repositioning, with the planned completion of the divestment of Aubert & Duval and the receipt of an exclusive put option agreement for Erasteel.
• Implementation of two initial IRMA self-assessments.

Climate Goals & Targets

Environmental Challenges

• Economic growth and urbanization
• Geopolitical tensions and conflicts
• Transition to a more sustainable world
• Increased societal requirements
• Climate change
• Energy mix and efficiency
• Increasing inequality
• Loss of biodiversity
• Increased pressure from stakeholders
• Tightening regulatory pressure

Mitigation Strategies

• Diversification of sites in strategic areas to guarantee the continuity of operations
• Roadmap to decarbonise its activities, with ambitious targets for reducing its emissions
• Integration of societal challenges into operational excellence
• Research, innovation and the development of partnerships to improve technologies
• Industrial and mining development to reduce impacts

Supply Chain Management

Responsible Procurement

• Systematic implementation of a carbon criterion and a CSR criterion in our major calls for tender
• Code of Conduct
• CSR/Ethics assessments

Climate-Related Risks & Opportunities

Physical Risks

• Physical impacts of climate change

Transition Risks

• Decarbonisation
• Increased expectations and tightened regulations relating to CSR

Opportunities

• Energy transition

Reporting Standards

Frameworks Used: IIRC

Certifications: ISO 50001

Awards & Recognition

• Gold by EcoVadis
• A- by the CDP Climate Change
• Happy Trainees 2022-2023 labels

Environmental Metrics

ESG Focus Areas

• Human Rights

Environmental Achievements

• Improved mercury treatment plant at Eramet Norway, resulting in lower heavy metal emissions and less waste.
• Revegetated 85 hectares of former mining land in Senegal, returning it to the Senegalese Department of Water and Forests.

Social Achievements

• Launched Eramet Global Forum, a transnational employee representation and social dialogue body.
• Increased women's inclusion in management positions to 22% of the Eramet Leadership Team and 25.7% of management teams for operations activities on site.
• Implemented a mandatory D&I training program for the Eramet Leadership Team.
• Improved safety performance at Weda Bay Nickel, achieving a zero accident frequency rate.
• Implemented culturally appropriate conflict resolution methods in Senegal using a Committee of the Wise.
• Provided access to drinking water in the commune of Poum, New Caledonia.

Governance Achievements

• Revised Human Rights Policy in 2023 to comply with the Initiative for Responsible Mining Assurance (IRMA).
• Implemented a robust whistleblowing system (Integrity Line) accessible to all stakeholders.
• Achieved 99% compliance with Human Rights Policy by the end of 2023.

Climate Goals & Targets

Environmental Challenges

• Psychosocial risks, safety incidents, impacts on indigenous peoples, cumulative impacts on local communities, gender-based violence, and human rights violations in the supply chain.
• Security risks in Gabon due to piracy.
• Potential negative impacts on cultural heritage in Argentina.
• Maintaining good relationships with communities in New Caledonia.
• Managing resettlement of communities in Gabon and Senegal.
• Addressing allegations of human rights violations.

Mitigation Strategies

• Implemented various mitigation measures for each salient risk, including safety protocols, stakeholder engagement, grievance mechanisms, and training programs.
• Developed a collaboration agreement with the Gabonese army to enhance security in Libreville port.
• Followed the Archaeological and Paleontological Site Identification and Reporting Procedure in Argentina.
• Established community offices in New Caledonia to foster dialogue.
• Developed resettlement action plans in Gabon and Senegal, including measures to restore livelihoods.
• Responded publicly to allegations of human rights violations through the Business & Human Rights Resource Centre platform.

Supply Chain Management

Supplier Audits: 1.5% of suppliers assessed as at risk from an ESG point of view in 2020-2022.

Responsible Procurement

• Know Your Supplier procedure, Supplier Code of Conduct, Responsible Procurement Committee, ESG criteria in tenders, ethical screening, training programs

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Guiding Principles Reporting Framework, IRMA Standard for Responsible Mining

Third-party Assurance: Shift-Mazars

UN Sustainable Development Goals

• Goal 8: Decent Work and Economic Growth
• Goal 10: Reduced Inequalities
• Goal 16: Peace, Justice and Strong Institutions

Eramet's human rights approach contributes to these SDGs through initiatives such as the Eramet Global Forum, D&I programs, safety improvements, and community engagement.

Awards & Recognition

• Two safety awards from the Indonesian Ministry of Mines for Weda Bay Nickel (3rd prize in 2022 and 2nd prize in 2023).