Sandstorm Gold Ltd.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:85,444.9 tCO2e/year (2023)

Scope 1 Emissions:Not disclosed

Scope 2 Emissions:24.3 tCO2e/year (2023)

Scope 3 Emissions:85,298.7 tCO2e/year (2023)

Renewable Energy Share:90% (Vancouver office)

Total Energy Consumption:112,342 KWh/year (2023)

Water Consumption:410 m3/year (2023)

Waste Generated:881 kg/year (2023)

Carbon Intensity:Not disclosed

ESG Focus Areas

Climate Change
Human Resources
Corporate Governance
ESG Due Diligence for Investment Decisions
Community Relations
Business Ethics
Human Rights
Information Systems and Cyber Security

Environmental Achievements

Achieved carbon neutrality for Scope 2 emissions in 2023.
86% of producing partners reported under a sustainability reporting standard in 2023.
61% of producing partners reported under a climate-related reporting standard in 2023.

Social Achievements

100% employee retention rate for senior management in 2023.
93% employee satisfaction survey completion rate in 2024, with 100% of respondents feeling valued.
56% of senior management identified as diverse (as per the Employment Equity Act) as of December 31, 2023.
Continued partnership with First United's First Forward project, pledging $1 million over four years.
No workplace injuries, near-miss injuries, occupational diseases or work-related fatalities since operations began.

Governance Achievements

Formation of a Sustainability Committee (subcommittee of the Board of Directors) in 2024 to oversee ESG best practices.
Maintained an “AA” rating from MSCI for the third consecutive year (2021-2023).
Met all performance targets for the sustainability-linked loan in 2023.
No reported incidents of corruption, allegation of fraud, executive misconduct or insider trading.

Climate Goals & Targets

Long-term Goals:

Achieve carbon neutrality for all emissions (including Scope 3) through the use of removal credits only by 2045.

Medium-term Goals:

Achieve carbon neutrality for Scope 2 emissions through the use of removal credits only by 2030.
Achieve carbon neutrality for all emissions (including Scope 3) through the use of both categories of carbon credits by 2035.

Short-term Goals:

Achieve a certain percentage of producing assets reporting under sustainability and climate-related standards by 2025.

Environmental Challenges

Indirect exposure to ESG risks from mining partners due to Sandstorm's royalty financing model.
Climate-related risks impacting mining partners' production and reputation.
Potential for supply chain disruptions due to climate events or regulatory changes.

Mitigation Strategies

Thorough due diligence process integrating ESG factors into investment evaluations.
Diversified portfolio of royalty and stream agreements across various commodities and jurisdictions.
Inclusion of reporting obligations, audit and inspection rights, and transfer restrictions in agreements with partners.
Ongoing monitoring of partners' ESG performance through site visits, dialogue, and review of public disclosures.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

Extreme weather events (droughts, floods, hurricanes)
Gradual shifts in weather conditions (water scarcity, changes in rainfall patterns)

Transition Risks

Stringent climate-related policies and regulations
Carbon pricing policies
Reputational risks for companies slow to transition to low-carbon options
Shifts in supply and demand for commodities

Opportunities

Increased demand for copper in renewable energy technologies
Increased demand for silver in solar panels and electric vehicles

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UN Global Compact

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

Not disclosed

Not disclosed

Sustainable Products & Innovation

Not disclosed

Awards & Recognition

Not disclosed