Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance
• Health and Safety
• Economic

Environmental Achievements

• Completed a $243 million sulphuric acid plant, resolving SO2 emissions issues at the Tsumeb smelter.
• Significant reductions in external costs and increased Net Positive Impact through the completion of the acid plant and ongoing modernization of the plant.

Social Achievements

• Improved internal benefits at the Chelopech operation, doubling the mine's life and creating one of the lowest cash cost mines in Europe. This led to significant increases in external benefits, including a highly skilled workforce and a strong community investment program.
• Krumovgrad development project, the first greenfield mining project in Bulgaria in over 30 years, will bring immense external benefits to the region.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Significant external costs associated with the Tsumeb smelter operation prior to 2010, including SO2 emissions and arsenic exposure issues.

Mitigation Strategies

• Construction of the $243 million sulphuric acid plant to resolve SO2 emissions and provide Namibia with a local product.
• Ongoing modernization of the Tsumeb plant.
• Implementation of proprietary technology and leading-edge mining innovations at Chelopech to improve internal benefits and reduce external costs.

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: Global Reporting Initiative (G4)

Certifications: Null

Third-party Assurance: Bureau Veritas UK Ltd

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Safety
• Dignity and Respect
• Environmental Responsibility
• Community Investment
• Continuous Improvement
• Transparency

Environmental Achievements

• Significant reductions in GHG emissions at Chelopech (achieved 20% reduction goal over ten years)
• 59% reduction in Scope 1 & 2 GHG emissions at Tsumeb since 2012 due to reduced coal usage
• Sulphuric Acid Plant at Tsumeb reduced sulphur dioxide emissions by approximately 80%
• Community complaints regarding SO2 emissions at Tsumeb reduced by more than 76% from 2015 to 2016

Social Achievements

• Completed a Human Rights Assessment across all sites and corporate office
• Continued progress with Black Economic Empowerment commitments and Preferential Procurement plans in Namibia
• Improved Lost Time Injury (LTI) Frequency Rate at Chelopech from 0.41 in 2014 to 0.10 in 2016
• Ondundu Public School dining hall opened in Tsumeb

Governance Achievements

• Revised Code of Business Conduct and Ethics adopted
• Established a risk-based third-party due diligence (3PDD) process (implementation to commence in 2017)
• Continued initiatives to promote awareness and confidence in the report handling process

Climate Goals & Targets

Environmental Challenges

• Challenging gold and copper markets in 2016
• Occupational health issues at Tsumeb
• Ongoing SO2 emission complaints at Tsumeb (though significantly reduced in 2016)
• Noise pollution and vibrations due to blasting at Chelopech

Mitigation Strategies

• Executed financial strategy to increase financial flexibility (hedging, sale of Kapan mine, prepaid forward gold sales, public equity offering, strategic equity investment with EBRD)
• Negotiated European Bank for Reconstruction and Development Environmental and Social Action Plan for Tsumeb
• Completed construction and commissioning of Sulphuric Acid Plant at Tsumeb
• Conducted a study at Chelopech demonstrating noise and vibration levels are below acceptable standards

Supply Chain Management

Responsible Procurement

• Maximize local procurement whenever possible
• Supplier rating system at Tsumeb and Chelopech (based on self-declaration)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4 Guidelines (In Accordance — Core), Mining and Minerals Sector Supplement

Certifications: ISO 9001:2008 (Chelopech & Krumovgrad), ISO 14001:2004 (Chelopech & Krumovgrad), OHSAS 18001:2007 (Chelopech & Krumovgrad)

Third-party Assurance: Bureau Veritas UK

UN Sustainable Development Goals

• No Poverty
• Zero Hunger
• Good Health and Well-being
• Quality Education
• Gender Equality
• Clean Water and Sanitation
• Affordable and Clean Energy
• Decent Work and Economic Growth
• Industry, Innovation and Infrastructure
• Reduced Inequalities
• Sustainable Cities and Communities
• Responsible Consumption and Production
• Climate Action
• Life on Land

Mapping framework from the 2016 World Economic Forum White Paper “Mapping Mining to the Sustainable Development Goals: An Atlas” used to show DPM’s contribution

Sustainable Products & Innovation

• Sulphuric acid

Awards & Recognition

• 2016 Outstanding Innovator - International Mining Technology Hall of Fame award (Rick Howes)
• 2016 Socrates Award for ‘Best Manager of the Year’ (Iliya Garkov)
• 2015 Gender Equality Award (Chelopech mine)

Environmental Metrics

ESG Focus Areas

• Environmental Responsibility
• Community Investment
• Safety
• Dignity & Respect
• Continuous Improvement
• Transparency
• Sustainable Development Goals (SDGs)
• Water and Energy Resource Management
• Carbon Emissions Reduction
• Health and Safety
• Stakeholder Engagement
• Employee Engagement

Environmental Achievements

• Improved air quality and worker health risks at Tsumeb smelter through investment in environmental controls and exposure reduction programs.
• 100% of waste rock at Chelopech returned underground as backfill.
• Significant water recycling and reuse at Chelopech (179% of total water withdrawn).

Social Achievements

• Tsumeb awarded Platinum Prize for Employer of the Year by Deloitte.
• Bulgarian operations received several national and international awards for quality, health and safety, CSR, gender equality, and sustainable mining.
• Bulgarian operations won the Socrates Award for Best Enterprise and Manager of the Year.
• Krumovgrad project developed as an example of best practice and responsible mining, including focus on local hiring and community support.
• DPM's 2017 Employee Engagement Survey showed continuous improvement over 3 years, exceeding benchmark levels in 10 of 11 categories.

Governance Achievements

• Alignment of operations and projects with the Performance Standards of the European Bank for Reconstruction and Development (EBRD).
• Improved corporate framework of policies, standards, and procedures for a more robust risk management system.
• Implementation of MineRP’s software platforms and piloting of new digital solutions to improve sustainability performance.

Climate Goals & Targets

Environmental Challenges

• Managing water and energy resources and resulting carbon emissions.
• Improving corporate framework of policies, standards, and procedures for risk management.

Mitigation Strategies

• Developing plans to improve performance in water and energy resource management and carbon emissions reduction.
• Improving corporate framework of policies, standards, and procedures for a more robust and responsive corporate-wide risk management system.
• Adoption and alignment of operations and projects with the EBRD Performance Standards.

Supply Chain Management

Responsible Procurement

• Increasing procurement with PDN-owned businesses in Namibia.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Third-party Assurance: Bureau Veritas UK Ltd

Awards & Recognition

• Platinum Prize for Employer of the Year (Tsumeb, Namibia)
• Several national and international awards (Bulgaria)
• Socrates Award for Best Enterprise and Manager of the Year (Bulgaria)

Environmental Metrics

ESG Focus Areas

• Excellence in Arsenic Handling
• Responsible Storage of Mineral Waste
• Transition to Low Carbon Economy
• Minimisation of Environmental Footprint
• Sustainable and Resilient Communities
• Human Rights Support and Adherence
• Supply Chain and Product Stewardship

Environmental Achievements

• Zero discharge of industrial wastewater from all operations
• Significant decrease of freshwater use intensity
• Decreased SO2 emissions by 47% compared to 2019 at Tsumeb
• Decreased arsenic exposure by 35% compared to 2019 at Tsumeb
• 7.6% reduction of direct energy use in Tsumeb vs. 2019
• Ada Tepe Integrated Mine Waste Facility (first of its kind in Europe)
• Successful trials of vitrification of arsenic-bearing waste

Social Achievements

• Launch of a fund to support Small and Medium Enterprises in Krumovgrad
• Launched an Employee Assistance Program in Tsumeb
• Increased people’s engagement through regular feedback
• Raised salaries in Bulgaria
• Launched a new Future Leaders Academy
• Supported our communities in the fight against COVID-19
• DPM Chelopech was the “Largest Donor by Volume” in Bulgaria for 2020
• DPM Krumovgrad was the “Most Generous Donor” in Bulgaria for 2020
• In 2020, DPM Tsumeb invested in upskilling fourteen Early Childhood Development Caregivers

Governance Achievements

• Refreshed corporate purpose: “Unlocking resources and generating value to thrive and grow together.”
• ’A’ MSCI ESG Rating
• 2020 BSC ESG objectives met
• Inaugural TCFD disclosures report
• A new whistleblower investigation protocol
• A new policy document management standard
• Extended 3PDD process downstream to include customers
• Closed a transaction, transferring 8% ownership in the Tsumeb smelter to local Namibian ownership.
• A new corporate Human Rights Standard in force
• Business infrastructure transitioned to the Amazon Web Services cloud environment

Climate Goals & Targets

Environmental Challenges

• Global pandemic (COVID-19)
• Fatality at Tsumeb in November 2020
• Supply chain disruptions
• Droughts (potential issue for Ada Tepe)
• Extreme rainfall (potential issue for Bulgarian operations)
• Regulatory uncertainty around feed-in tariffs in Namibia
• Excessive wear in off-gas ducting and Ausmelt baghouse structures (Tsumeb)

Mitigation Strategies

• Proactive measures to safeguard employees, communities, and operations from COVID-19 impacts
• Application of lessons learned from the fatality at Tsumeb
• Development of alternative sourcing strategies
• Ada Tepe designed with minimal freshwater use
• Investments in water drainage infrastructure
• Feasibility study for transitioning Tsumeb’s electricity to solar power
• Refurbishment project of the Ausmelt baghouse structure (Tsumeb)
• Updated preventive maintenance process for the Ausmelt baghouse structure (Tsumeb)
• Two-phase ducting replacement project (Tsumeb)

Supply Chain Management

Supplier Audits: 100%

Responsible Procurement

• Compliance with local laws and regulations
• Compliance with DPM’s Code of Business Conduct and Ethics
• Third-Party Due Diligence (3PDD) process

Climate-Related Risks & Opportunities

Physical Risks

• Droughts
• Floods

Transition Risks

• Increased ore prices
• Increased cost per tonne of ore processed
• Carbon pricing

Opportunities

• DPM’s current gold mining operations are amongst the very best performers in terms of GHG emissions intensity globally
• Increased demand for copper

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Third-party Assurance: Bureau Veritas UK

Awards & Recognition

• ’A’ MSCI ESG Rating
• Investor of the Year 2019 for Bulgaria
• Named the most generous corporate donor in Bulgaria by the Bulgarian Donors Forum
• Named the largest corporate donor in Bulgaria by the Bulgarian Donors Forum for the fifth year in a row
• One of the lowest carbon footprint gold mines in the world

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Climate Change
• Water Management
• Emissions Reduction
• Community Investment
• Diversity and Inclusion

Environmental Achievements

• Reduced total freshwater consumption across all sites by over 10%
• Reduced total operational Greenhouse Gas (GHG) emissions by 5%
• Reduced electricity consumption by 4%
• Reduced SO2 emissions at Tsumeb Smelter by 95% compared to their peak in 2014

Social Achievements

• 33% decrease in DPM-wide Total Recordable Injury Frequency (TRIF) rate
• Contributed approximately $1.2 million to support numerous COVID-19 related initiatives
• Women represent more than 46% of all DPM senior managers (compared to a global average of 32%)
• Women represent 50% of the Board of Directors (as of May 5, 2022)
• Included in S&P’s 2022 Global Sustainability Yearbook

Governance Achievements

• Joined the 30% Club in Canada to increase the number of women on corporate boards and executive leadership teams
• Maintained an ‘A’ rating by MSCI EGS Ratings for the second year in a row
• ESG included as a component in Future Leaders Academy (FLA) initiative and DPM-wide internal Innovation program

Climate Goals & Targets

Environmental Challenges

• Supply chain and inflationary pressures
• Geopolitical uncertainty resulting from Russia’s invasion of Ukraine
• Achieving GHG reduction targets

Mitigation Strategies

• DPM’s mining operations have proven resilient to supply chain and inflationary pressures
• Announced GHG reduction targets (37.5% reduction in Scope 1 and 2 GHG emissions by 2035, Net Zero by 2050)
• Increased knowledge of ESG throughout the organization through training and innovation programs

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Value Reporting Foundation’s Six Capitals

Third-party Assurance: Bureau Veritas UK Ltd

Awards & Recognition

• S&P’s 2022 Global Sustainability Yearbook

Environmental Metrics

ESG Focus Areas

• Climate Change
• Water Management
• Biodiversity & Habitat Conservation
• Waste Management
• Tailings Management
• Total Economic Impact
• New Mineral Reserves Development
• Innovation and Technology
• Our People and Culture
• Workforce Health and Safety and Wellbeing
• Governance, Business Ethics and Transparency
• Contribution to local development
• Life after mine/ Resilient Communities

Environmental Achievements

• Achieved approximately 10% reduction in absolute Scope 1&2 emissions in 2022 compared to 2021
• Reduced carbon intensity of mining operations by 7.8% compared with 2021
• Recycled and reused 47% of water consumed on-site
• Zero industrial wastewater discharge across mine sites
• 2.7 hectares of land rehabilitated at Ada Tepe

Social Achievements

• 6.3 million hours worked without a Lost-Time Incident in mining operations
• 99% of workforce comprised of local nationals
• 45% of senior management positions held by women
• $6.4 million invested to support local communities
• 47 non-mining related jobs created through SME support

Governance Achievements

• Updated Code of Business Conduct and Ethics
• Conducted in-person training and awareness sessions for over 90% of employees
• Established GHG reduction targets
• Received an “A” rating from MSCI ESG Research LLC

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to global economic headwinds and the war in Ukraine
• Electricity price surge in Bulgaria
• Water overflows in Tsumeb smelter process plant
• Need for long-term arsenic waste storage solutions beyond current facility capacity

Mitigation Strategies

• Robust Third Party Due Diligence (3PDD) process for suppliers
• Power subsidies from the Bulgarian government
• Ongoing water infrastructure projects in Tsumeb
• Research project on arsenic storage as a regenerative energy carrier

Supply Chain Management

Responsible Procurement

• Third-party due diligence process including screening through a global risk intelligence network
• Relevant contractual clauses in supplier contracts

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Water stress
• Wildfires

Transition Risks

• Carbon pricing
• Regulatory changes
• Fuel price volatility

Opportunities

• Increased demand for copper in clean energy technologies

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Third-party Assurance: Bureau Veritas UK

Awards & Recognition

• 91st percentile for ESG performance among companies in the metals and mining industry by the S&P Global Corporate Sustainability Assessment

Environmental Metrics

ESG Focus Areas

• Safety
• Climate Change
• Water Stewardship
• Human Rights
• Community Investment
• Diversity & Inclusion

Environmental Achievements

• 18% reduction in absolute Scope 1 and 2 GHG emissions relative to 2020 baseline
• Zero industrial wastewater discharged across mine sites
• 42% of water consumed was recycled and reused on-site
• Over 95% decrease in SO2 emissions at Tsumeb smelter compared to 2014 peak

Social Achievements

• Company-wide safety performance better than industry average
• Ada Tepe mine recorded zero lost-time injuries
• 98% of workforce comprised of local nationals
• 42% of senior management positions held by women (exceeding global average)
• 50% of Board of Directors are women
• $5.2M in community investments

Governance Achievements

• Published first Supply Chain Act report in response to Canadian legislation
• Updated human rights due diligence assessments across all sites
• Ranked in the 91st percentile in the 2023 S&P Global Corporate Sustainability Assessment for the Metals and Mining industry
• Included in S&P’s 2024 Sustainability Yearbook for the third consecutive year

Climate Goals & Targets

Environmental Challenges

• Serious lost-time injury at Chelopech mine
• Supply chain disruptions and inflation impacting global economy
• Geopolitical uncertainty

Mitigation Strategies

• Launched Executive Safety Task Force to drive a Generative Safety Culture
• Investing in sustainability and integrating it into operating model to create greater long-term stability

Supply Chain Management

Responsible Procurement

• Published Supply Chain Act report addressing forced labor and child labor risks

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: S&P Global Corporate Sustainability Assessment, TNFD

Third-party Assurance: Bureau Veritas

Awards & Recognition

• S&P Global Corporate Sustainability Assessment (91st percentile)
• S&P’s 2024 Sustainability Yearbook