Shanta Gold Limited
Climate Impact & Sustainability Data (2021, 2022)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:41,764 tCO2e
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:0 m3
Waste Generated:Not disclosed
Carbon Intensity:0.73 tCO2e/Au oz sold
ESG Focus Areas
- Health and Safety
- Social & Economic Partnership
- Environmental Management
- Greenhouse Gas Emissions
Environmental Achievements
- Nil m3 water discharge in 2021
- Zero reportable environmental and community incidents across the Company
Social Achievements
- Outstanding safety record extended with lost time injury frequency (“LTIFR”) of 0.00, and total recordable injury frequency rate (“TRIFR”) of 0.67
- 99% local employment from Tanzania and Kenya
- US$67.9 million local procurement from Tanzanian or Kenyan suppliers, covering 85% of total purchases
- US$0.3 million investment in community projects in 2021, with US$1.3 million spent on community programmes in host countries since 2017
Governance Achievements
- Materiality assessment completed with internal and external stakeholders to proactively address key ESG risks and identify opportunities to maximise positive impact for stakeholders
- Sustainability Report prepared in line with the Sustainability Accounting Standards Board (SASB) standards
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- 85% of total purchases from Tanzanian or Kenyan suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: SASB
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- 1st place in 2021 for: Environmental & Safety Compliance, CSR Projects, and Local Content Performance at 2022 International Mineral and Mining Investment Conference in Tanzania
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:44,726 tCO2e/year
Scope 1 Emissions:36,750 tCO2e/year
Scope 2 Emissions:7,976 tCO2e/year
Renewable Energy Share:2% (New Luika)
Total Energy Consumption:602,378 GJ/year
Water Consumption:489,000 m3/year (New Luika)
Waste Generated:1,883,397 tonnes/year (New Luika waste rock)
Carbon Intensity:0.71 tCO2e/oz Au sold
ESG Focus Areas
- Safety
- Occupational health
- Wellbeing and development
- Equality, diversity and inclusion
- Labour relations
- Climate change and energy use
- Water stewardship
- Tailings management
- Waste management
- Mine closure
- Air quality and weather
- Biodiversity
- Financial Contribution
- Local business
- Local engagement
- Local investment and development
- Sustainability governance
- Business ethics
- Transparency and accountability
- Human rights
Environmental Achievements
- Zero major environmental incidents in 2022
- 90% tailings water recycled at New Luika
- Zero water discharge at New Luika
- 22% of New Luika Gold Mine power requirements met by solar and grid power
Social Achievements
- 99% Local Employment (Tanzania and Kenya)
- US$94m Local procurement (Tanzania and Kenya)
- US$287k invested in community projects across operations
- Various community projects completed including classrooms, toilets, water access improvements, and a mosque
Governance Achievements
- Strengthened sustainability governance by implementing various initiatives based on materiality assessment
- Implemented Anti-Bribery Policy
- Executive compensation linked to ESG performance
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions target (details to be developed in 2023)
Medium-term Goals:
- Achieve TCFD alignment
- Develop Scope 3 emissions methodology
Short-term Goals:
- Improve gender diversity (13% female representation in 2023, 15% by 2025)
Environmental Challenges
- Lost Time Incident record broken at New Luika
- Inconsistent voltage from national grid at New Luika limiting renewable energy use
- Water access challenges in some communities
- Artisanal and small-scale mining on prospecting licenses
Mitigation Strategies
- Rolled out refresher training programs to improve safety performance
- Installed voltage regulator at New Luika to stabilize voltage and increase grid power use
- Implemented water harvesting initiatives in West Kenya
- Developing Group ASM policy and standard operating procedure
Supply Chain Management
Responsible Procurement
- Procurement Policy encouraging local suppliers; Code of Conduct for suppliers
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB Metals and Mining Sustainability Accounting Standard, UN Sustainable Development Goals
UN Sustainable Development Goals
- SDG 3: Good Health and Well-being
- SDG 8: Decent Work and Economic Growth
- SDG 10: Reduced Inequalities
- SDG 13: Climate Action
- SDG 16: Peace, Justice and Strong Institutions
- SDG 17: Partnerships for the Goals
Shanta's initiatives contribute to these goals through various programs and practices.