Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental, Social, and Governance (ESG)

Environmental Achievements

• Substantially reduced printing and mailing costs by using notice-and-access for delivering the management information circular, reducing paper use and being more environmentally friendly.

Social Achievements

• Not disclosed

Governance Achievements

• Adopted shareholder engagement principles; implemented a majority voting policy; adopted a diversity policy with a target of at least 30% women and at least 30% men on the board; implemented an external auditor independence policy; adopted a policy respecting the recovery of compensation paid to executives.

Climate Goals & Targets

Environmental Challenges

• Impact of the coronavirus pandemic (COVID-19)

Mitigation Strategies

• Holding a virtual annual meeting via live audio webcast to mitigate risks to the health and safety of communities, shareholders, employees, and other stakeholders.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: FSC®, EcoLogo

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

• Environmental
• Social
• Governance

Environmental Achievements

• Decreased Scope 1 GHG emissions by 95% from 2021
• Avoided the emission of 354,442 tons of CO2 in 2022 through renewable energy generation

Social Achievements

• Increased representation of women in management roles to 29.6%
• Improved total recordable incident rate (TRIR) from 1.2 in 2021 to 0.94 in 2022

Governance Achievements

• Creation of the new role of Senior Vice President, Enterprise Risk Management and Corporate Social Responsibility
• Mandate of the Board of Directors broadened to include CSR oversight
• Increased representation of women on the Board of Directors to 45%
• Launched the Sustainable Procurement Charter and the EcoVadis assessment process for strategic suppliers
• Updated Code of Ethics

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• Sustainable Procurement Charter
• EcoVadis assessment process

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD, SASB

UN Sustainable Development Goals

• 13 of the 17 UN SDGs

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Environmental, Health and Safety
• Community Investment

Environmental Achievements

• Reduced paper use through notice-and-access system for shareholder communications
• Achieved 107% of FCF per share target, exceeding the target and setting a higher target for the following year.
• Achieved 127% of CSR objective, encompassing S&P CSA results, safety incidents, and increased female representation in management.
• Avoided 781,773 tonnes of CO2 emissions (initial target), increased to 1,080,561 tonnes to reflect anticipated growth.

Social Achievements

• Increased female representation on the Board to 45% (and 50% at one point due to a vacancy).
• Exceeded target representation rate of 30% of women managers by 2025 in 2022.
• Initiatives to help employees better understand First Nations people and cultures.
• ESG swap in financing for Apuiat project linked to Innu community involvement and health and safety.

Climate Goals & Targets

Environmental Challenges

• Inflation and increased interest rates impacting project development and construction.
• Supply chain disruptions.

Mitigation Strategies

• ESG-linked financing to mitigate interest rate risks.
• Integrated enterprise risk management framework adopted in 2023.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD