Climate Change Data

Filo Mining Corp.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:10,720 tCO2e (Scope 1 & 2)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:162 tCO2e
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:86 megaliters
Waste Generated:350 tons
Carbon Intensity:0.28 tCO2e/meter drilled (2023)

ESG Focus Areas

  • Good Governance
  • Climate & Environmental Stewardship
  • Safe & Diverse Workplace
  • Community Trust

Environmental Achievements

  • Improved water monitoring and realized efficiencies across water supply and delivery
  • Reduced GHG Scope 1 and 2 emissions intensity in tCO2e/meter drilled from 0.31 in 2022 to 0.28 in 2023 despite a 108% increase in meters drilled.
  • Reduced trucking distances for fuel and water delivery through the construction of an on-site fuel facility and drilling of three wells closer to operations.
  • Solid waste reduced to 350 tonnes.

Social Achievements

  • Launched a training program for drilling assistants, resulting in 12 trainees completing the program and 6 hired by Filo’s contractors.
  • Developed and implemented a science education program (“Aprendamos con ciencia”) engaging approximately 140 students.
  • Developed a Community Investment Framework to guide future investments.
  • Total payments to local suppliers totalled $47 million.

Governance Achievements

  • Exceeded Board diversity goal with 33% female representation (vs 25% in 2022).
  • Developed and implemented an online training program focused on Filo’s Anti-Bribery and Anti-Corruption Policy with 100% completion rate.
  • Included Climate Change as part of our corporate risk register.
  • Implemented a new Spill Prevention and Control Procedure.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Achieve at least 30% women on the Board by 2025

Environmental Challenges

  • Climate change risks and opportunities
  • Water management in a high-altitude, arid environment
  • Maintaining a safe and diverse workforce in a remote location
  • Balancing exploration activities with community relations and local development
Mitigation Strategies
  • Climate risk assessment integrated into Enterprise Risk Management framework
  • Improved water monitoring, efficient water delivery, and exploration of water reuse and recovery
  • Updated operational risks matrix and Incident Cause Analysis Method (ICAM) for improved health and safety
  • Community Investment Framework and ongoing engagement with stakeholders

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Local procurement totaling $47 million

Climate-Related Risks & Opportunities

Physical Risks
  • Severe weather conditions in the Andes Mountains
Transition Risks
  • Regulatory changes related to climate change and carbon pricing
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: 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

  • Thayer Lindsley Award for global discovery of the year (Filo del Sol project)