Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Community Relations
• Cultural Heritage and Tradition
• Local Economic Development
• Health and Safety
• Human Rights and Equal Opportunities
• Governance

Environmental Achievements

• Reduced liquid fuel consumption from 25,602 liters in 2020 to 17,422 liters in 2021.
• 95% of waste recycled in 2020 and 74% in 2021.
• 100% of non-potable site water consumption is recycled rainwater and mine drainage.

Social Achievements

• 26% female employees in 2021 (compared to a Finnish industry average of 13%).
• 59% of purchases from the Lapland region.
• 17 community engagement events in 2021.
• Annual employee wellbeing and work ability surveys conducted in cooperation with occupational healthcare service and pension insurance company.

Governance Achievements

• Implemented Falcony HSE Lite for reporting safety and environmental observations and incidents.
• Implemented Ramboll EHS Compass for compliance evaluation.
• Executive and board remuneration plans reviewed biannually by an external HR group.

Climate Goals & Targets

Environmental Challenges

• Potential impacts to local communities from riverine flooding.
• Potential disruption to traditional and recreational land use in the surrounding area due to exploration and mining activities.
• Potential risks relating to the transportation, handling, storage, and disposal of all hazardous materials.

Mitigation Strategies

• Plan for controlled mine closure in unexpected situations.
• Programme of environmental and social impact studies and assessments (ESIAs) to ensure minimal disruption to traditional and recreational uses of the land.
• Comprehensive third-party environmental risk assessment by environmental consultancy AFRY.
• Site-specific operation, maintenance, and surveillance (OMS) manual for Pahtavaara tailings dams (to be produced).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Local sourcing of goods and services (59% of purchases from Lapland region).

Climate-Related Risks & Opportunities

Physical Risks

• Riverine flooding

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, Future-Fit Business Benchmark, TCFD, ICMM's Ten Principles, UNGC, Finnish Network for Sustainable Mining (FNSM)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• People
• Planet
• Governance

Environmental Achievements

• Started groundwater monitoring in both Ikkari and Pahtavaara
• Conducted large-scale nature and biodiversity baseline surveys
• Conducted a comprehensive environmental risk assessment
• Installed continuous environmental monitoring stations
• Seeds were sown at tailings pond in 2019–2021 in the Pahtavaara rehabilitation project, and the area is now being monitored by biologists. Biodiversity in the area has increased and the flora has been found to significantly reduce dusting.

Social Achievements

• Created HR handbook and stakeholder communication and interaction plan
• Improved reporting processes
• Implemented the EHS compass regulation monitoring system
• Value generated for the local economy – 2022: 15 M$CAD (2021: 8 M$CAD)
• Number of jobs created – 2022: 7
• People employed locally – 2022: 96% (2021: 77%)

Governance Achievements

• Improved stakeholder engagement by hosting public events and meetings, replying to demands by creating a mailing list and a Finnish language website for local information as well as conducting stakeholder surveys to receive feedback.
• Invested time and resources to develop reporting processes.
• Conducted GAP analysis against selected standards (ICMM, Responsible Gold Mining, Finnish sustainable standard for mining) and categorised unfulfilled obligations based on urgency. Created an action log that is used to regularly monitor implementation.

Climate Goals & Targets

Environmental Challenges

• GHG emissions and accelerating climate change
• Impacts on surface water and the chemical or ecological status of the receiving water bodies from mining operations in Ikkari
• Exploration causes tree damage and can impact flora and fauna
• Tailings and waste from mining can include minerals and hazardous substances that can cause pollution
• Lack of information might increase stakeholders’ suspicions or disapproval of the project
• Non-compliance with legal and environmental norms would cause great reputational damage for Rupert Resources as well as the whole mining industry

Mitigation Strategies

• Paris Agreement and Finland’s 2035 net zero target
• Environmental Policy
• The Pahtavaara vegetated tailings storage facility is being monitored annually by biologists to ensure successful restoration.
• The Ikkari area is being monitored comprehensively to gather information on the natural state of the area before beginning mining operations.
• An environmental and nature value desktop survey is carried out for all exploration areas before the work starts.
• Information about environmental and nature values is taken into account in the planning of the exploration works.
• Working in the eagle nesting area is planned in a way that the eagles are not disturbed.
• In sensitive areas like in wetlands, work is only done in the winter when the snow cover protects the vegetation.
• Mainly use established forestry roads and other tracks move drill rigs to exploration sites in order to minimize the tree damages.
• Water catchment is continually monitored to notice potential impacts in real time.
• The industry’s best practices of mining waste areas are applied in the planning of the Ikkari project.
• Identified stakeholders and compiled a stakeholder communication and interaction plan.
• Regular stakeholder meetings engage the community and act as opportunities to share information.
• Work together with and report actively to supervising authorities.
• Utilise a GAP analysis tool that helps monitor the implementation of key principles and frameworks.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Prioritising local procurement (54% of purchases from Lapland region in 2022)
• Assessment of contractors’ environmental risk management processes

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, Future-Fit Business Benchmark, TCFD, ICMM, UNGC, Responsible Gold Mining Principles, Finnish Network for Sustainable Mining (FNSM)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed