Climate Change Data

Environmental Metrics

ESG Focus Areas

• Health & Safety
• Environment
• Community

Environmental Achievements

• No significant environmental incidents in 2012
• Kışladağ operation achieved ISO 14001:2004 Environmental Management System certification
• All cyanide-using gold operations became signatories to the International Cyanide Management Code

Social Achievements

• Zero work-related fatalities
• Decreased overall lost-time incident frequency rate by 17%
• Spent over US$7.4 million on community development programs

Governance Achievements

• Published second annual sustainability report complying with GRI G3.1 Guidelines
• Implemented INX software to standardize health and safety data collection

Climate Goals & Targets

Environmental Challenges

• Land-related disputes at Skouries (Greece) and Vila Nova (Brazil)
• Opposition from a vocal minority at Skouries
• High employee turnover at some sites (particularly Hellas Gold)

Mitigation Strategies

• Negotiations with settler at Vila Nova
• Relocation of four households at Kışladağ
• Working to improve communication with stakeholders at Skouries
• Addressing high turnover through improved working conditions and retention strategies (implied)

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G3.1

Certifications: ISO 14001 (Kışladağ), OHSAS 18001 (Hellas Gold)

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Environmental Stewardship
• Community Relations
• Governance and Transparency

Environmental Achievements

• Maintained ICMC compliance at Kışladağ
• Increased availability and transparency of environmental data in Greece
• No reportable spills

Social Achievements

• 10% annual reduction in Company-wide LTIFR (Lost-Time Injury Frequency Rate)
• Increased local procurement in Greece
• Community investments totaling $3.11 million

Governance Achievements

• Became a signatory to the UN Global Compact
• Developed reporting systems compliant with ESTMA guidelines
• Completed gap assessment for Voluntary Principles on Security and Human Rights

Climate Goals & Targets

Environmental Challenges

• Slower than expected leach rates at Kişladağ
• Fatality at Stratoni mine
• Increased TRIFR (Total Recordable Injury Frequency Rate)
• Delays in obtaining permits in Greece
• Fine issued at Kışladağ mine for washing activities

Mitigation Strategies

• Installation of new leach trains at Kişladağ
• Implementation of Eldorado’s Global Health & Safety Directive
• Increased site safety inspections in Greece
• Engagement with Greek government to address permit delays
• Corrective actions taken at Kışladağ to address washing activities

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Prioritizing local procurement and training of suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI G4 Core

Certifications: ISO 14001, OHSAS 18001, ICMC

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 3: Good Health and Well-being
• Goal 6: Clean Water and Sanitation
• Goal 8: Decent Work and Economic Growth
• Goal 9: Industry, Innovation and Infrastructure
• Goal 13: Climate Action

Eldorado's activities contribute to these goals through various initiatives related to health and safety, water management, economic development, infrastructure investment, and climate action.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Environmental Stewardship
• Community Relations
• Human Rights
• Corporate Governance
• Climate Change

Environmental Achievements

• Reduced greenhouse gas emissions per ounce of gold produced by 30% from 2017 levels.
• Recycled 72% of treated water across operations.
• Almost all tailings facilities are dry stack, reducing environmental footprint and increasing safety.

Social Achievements

• Efemçukuru, Lamaque, and exploration teams had LTI-free years.
• Lamaque invested $1.1 million in training, delivering over 7,400 hours.
• Lamaque contributed $275,000 in donations and sponsorships.
• Increased female representation on the Board to nearly 40%.

Governance Achievements

• Developed a health and safety management system.
• Completed internal safety audits at all sites.
• Began development of a global sustainability management system (SIMS).
• Sustainability factors in senior management compensation (up to 15% of bonuses).

Climate Goals & Targets

Environmental Challenges

• Slightly increased LTIFR in 2019.
• Political uncertainty in Greece.
• Climate change risks (extreme weather, heat, water scarcity).

Mitigation Strategies

• Increased focus on improving company-wide health and safety culture.
• Constructive dialogue with the newly elected government in Greece.
• Investments in flood-prevention infrastructure and equipment.
• Water conservation and recycling programs.
• Dry stack tailings technology.

Supply Chain Management

Responsible Procurement

• Prioritizing domestic suppliers (95% of total spend in 2019).

Climate-Related Risks & Opportunities

Physical Risks

• Extreme heat
• Flooding
• Droughts
• Wildfires

Transition Risks

• Regulatory changes to reduce GHG emissions
• Increased operating costs due to climate policies

Opportunities

• Reduced winter-related risks and energy costs at Lamaque

Reporting Standards

Frameworks Used: GRI Standards, CDP Climate Change Report, Water Report, and Forests Report, Towards Sustainable Mining (TSM), UN Global Compact, UN Guiding Principles on Business and Human Rights, UN Sustainable Development Goals, Voluntary Principles on Security and Human Rights (VPSHR), World Gold Council’s Conflict-Free Gold Standard (CFGS)

Certifications: ISO 14001, OHSAS 18001/ISO 45001, International Cyanide Management Code (ICMC)

Third-party Assurance: None; internally reviewed

UN Sustainable Development Goals

• Goal 3 (Good Health and Well-being)
• Goal 5 (Gender Equality)
• Goal 6 (Clean Water and Sanitation)
• Goal 8 (Decent Work and Economic Growth)
• Goal 9 (Industry, Innovation, and Infrastructure)
• Goal 12 (Responsible Consumption and Production)

Eldorado's initiatives contribute to these goals through various programs and practices related to health and safety, gender equality, water management, economic development, infrastructure development, and responsible resource management.

Awards & Recognition

• Champion award at the 2019 Québec Job Creator Awards
• Involvement in the Community Award from the Federation of Chambers of Commerce of Québec
• Bravo Sustainability Awards for Olympias’s old arsenopyrite rehabilitation project

Environmental Metrics

ESG Focus Areas

• Responsible Gold Mining Principles (RGMPs)
• Environmental
• Social
• Governance

Governance Achievements

• Development of an RGMP-conformant framework, including policies, and other governance programs
• Development and implementation of a Sustainability Integrated Management System (SIMS)

Climate Goals & Targets

Environmental Challenges

• Gaps reported against the self-assessment against the RGMPs

Mitigation Strategies

• Implementation of the new Sustainability Integrated Management System (SIMS) to address many of the gaps

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, Responsible Gold Mining Principles (RGMPs)

Third-party Assurance: PricewaterhouseCoopers LLP

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance
• Safety

Environmental Achievements

• Achieved Level AAA at Lamaque on the MAC-TSM Biodiversity Conservation Management, Water Stewardship and Tailings Management Protocols
• Zero major environmental incidents and no significant spills across Eldorado’s global sites
• Maintained an average Scope 1 and Scope 2 GHG emissions intensity of 0.44 tonnes of CO2 equivalent per ounce of gold

Social Achievements

• Maintained over 80% employment from the local communities surrounding Eldorado’s global operations and 99% employment from the countries in which the Company operates
• Paid over $583 million to domestic suppliers
• Made $2.75 million in community investments, with over 60% focused on building human and institutional capacity
• Zero major community or human rights incidents
• Zero lost-time injuries at three of our global operations - Kışladağ, Efemçukuru and Lamaque
• Achieved the target to reduce total recordable injury frequency rate by 10% from 2021

Governance Achievements

• Exceeded aspirational target for Board of Directors composition, with females representing 56% and other designated groups representing 11% of the directors
• Adopted a global Respectful Workplace Policy
• Completed Eldorado’s first Sustainability Integrated Management System (“SIMS”) Compliance Verification at Lamaque, receiving third-party verification of MAC-TSM minimum Level A and conformance to Responsible Gold Mining Principals (“RGMPs”) Year 2 requirements

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Universal Standards, UN Global Compact, SASB – Metals & Mining Standard, UN Guiding Principles Reporting Framework

Awards & Recognition

• Canada’s Best 50 Corporate Citizens by Corporate Knights

Environmental Metrics

ESG Focus Areas

• Occupational Health and Safety
• Inclusive Diversity
• Responsibly Produced Products
• Engaged and Prosperous Communities
• Healthy Environments, Now and For the Future

Environmental Achievements

• 0.40 tCO2e/oz Au average Scope 1 and Scope 2 GHG emissions intensity for operating mines
• First electric haul truck operationalized at Lamaque, which is expected to mitigate an estimated 1,700 tCO2e per year
• Zero major environmental incidents
• MAC-TSM Level AAA achieved at Olympias on Biodiversity Conservation Management and Tailings Management

Social Achievements

• 56% Women on our Board of Directors
• Reduced Potentially fatal occurrence frequency rate by 20% at our operations
• Achieved target to reduce lost-time injury frequency rate (LTIFR) by 10% from 2022
• $4.29M in community investment
• 79% of our employees are from local communities
• Zero major social incidents

Governance Achievements

• SIMS Olympias completed a Sustainability Integrated Management System Compliance Verification, including external verification of MAC-TSM results, and Eldorado received assurance of full conformance to RGMP Year 3 requirements
• Supplier Code of Conduct formally adopted across our global operations
• In 2024, Eldorado’s Compensation Committee approved the addition of a climate metric within the Performance Share Unit (PSU) scorecard. The climate metric will represent 10% of the PSU scorecard for PSUs granted in 2024.

Climate Goals & Targets

Environmental Challenges

• Missed target to reduce total recordable injury frequency rate (TRIFR) by 10% from 2022
• Climate-related physical risks (flash flooding, landslides, water stress, wildfires, severe winds)
• Climate-related transition risks (regulatory changes, carbon pricing)

Mitigation Strategies

• Continued implementing safety training programs and technologies
• Implementing dry-stack tailings
• Developing climate risk adaptation criteria for operations
• Integrating energy and carbon into regular operations meetings and business planning
• Advancing GHG Emissions Mitigation Pathway

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct
• Prioritization of local procurement

Climate-Related Risks & Opportunities

Physical Risks

• Flash flooding
• Landslides
• Water stress
• Wildfires
• Severe winds

Transition Risks

• Regulatory changes
• Carbon pricing

Opportunities

• Development of energy-efficient products
• Electrification of operations

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UNGC

Certifications: ISO 14001, ISO 45001, ISO 39001, ISO 50001, World Gold Council’s Conflict-Free Gold Standard, International Cyanide Management Code

Third-party Assurance: Internal review by management teams and the Sustainability Committee of the Board of Directors

UN Sustainable Development Goals

• 3
• 5
• 6
• 8
• 9
• 12
• 13

Eldorado’s progress on the SDGs is discussed in the context of its material topics.

Awards & Recognition

• Outstanding Achievement Award for Project Financing at the Resourcing Tomorrow Awards
• Euromines Silver Safety Award
• Québec Mining Association’s Distinction Award in the Environment category