Vertical Exploration Inc.
Climate Impact & Sustainability Data (2019, 2022)
Reporting Period: 2019
Environmental Metrics
Total Carbon Emissions:Not disclosed
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:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Sustainable Farming
- Environmental Remediation
- Resource Management
Environmental Achievements
- Demonstrated wollastonite's potential for CO2 sequestration through enhanced weathering, acting as a substitute for agricultural lime.
Social Achievements
- Partnered with AGRINOVA for research and development on wollastonite's agricultural applications.
- Positive results from Phase 1 of R&D showing potential for BNQ certification and safe use in agriculture.
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Fast-track the St. Onge wollastonite project into an economically viable project within 2-3 years.
Environmental Challenges
- Securing funding for mill construction to produce higher-revenue filler-grade wollastonite.
- Market penetration for wollastonite in new applications (agriculture, cannabis).
Mitigation Strategies
- Seeking strategic partners for mill construction.
- Conducting research and development to demonstrate the effectiveness of wollastonite in target markets.
- Highlighting the cost-competitiveness of crushed wollastonite compared to similar products.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- CO2 sequestration through enhanced weathering.
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 2 (Zero Hunger)
- SDG 13 (Climate Action)
- SDG 15 (Life on Land)
Wollastonite's application in sustainable agriculture contributes to food security, climate change mitigation, and soil health.
Sustainable Products & Innovation
- Wollastonite as a soil amendment and fertilizer.
Awards & Recognition
- Not disclosed
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:Not disclosed
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:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
- Environmental Remediation
- Soil Health
- Regenerative Agriculture
Environmental Achievements
- Wollastonite application helps sequester CO2 from the atmosphere through enhanced weathering.
- Product improves soil health and reduces the need for synthetic fertilizers, lowering GHG emissions associated with fertilizer production.
Social Achievements
- Partnerships with AGRINOVA for research and development of wollastonite applications in agriculture.
- First offtake agreement with Quebec business entrepreneur signed in March 2022.
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Become the dominant provider of wollastonite to the regenerative soil nutrient sector in North America by 2025.
Environmental Challenges
- Unpredictable weather patterns affecting planting and harvest quality.
- Supply chain disruptions causing delays in machinery repair.
- Topsoil degradation and depleting aquifers.
- Rising fertilizer costs and consumer affordability concerns.
Mitigation Strategies
- Wollastonite as a cost-competitive soil amendment to improve soil health and reduce reliance on synthetic fertilizers.
- Research and development to optimize wollastonite's use in agriculture and other applications.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Unpredictable weather patterns
Transition Risks
- Changes in government regulations related to fertilizer use and GHG emissions.
Opportunities
- Increased demand for sustainable soil amendments due to climate change concerns.
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 2 (Zero Hunger)
- SDG 13 (Climate Action)
- SDG 15 (Life on Land)
Wollastonite contributes to these goals by improving soil health, enhancing crop yields, and sequestering CO2.
Sustainable Products & Innovation
- Wollastonite as a sustainable soil amendment
Awards & Recognition
- Not disclosed