Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Management
• Occupational Health and Safety
• Community Relations

Environmental Achievements

• Completed a Renewable Energy Supply study confirming the Sunrise Project’s external power needs can be 100% supplied by renewable sources. This is estimated to reduce carbon dioxide emissions by 4.6 million tonnes over 25 years.
• No reportable environmental incidents during the year.

Social Achievements

• No lost time injuries during the year.
• No reported COVID-19 cases, and the Company continues to maintain appropriate protocols to minimise the potential transmission of COVID-19.
• Continuation of the Sunrise Community Consultative Committee as a stakeholder forum, along with a number of local community engagement/support programs.

Governance Achievements

• Company changed its name on 24 March 2021 to Sunrise Energy Metals Limited (formerly Clean TeQ Holdings Limited).
• Demerger of Clean TeQ Water Limited completed on 1 July 2021.
• Implemented a 1 for 10 share consolidation on 29 March 2021.
• Mr Trevor Eaton was appointed as an independent Non-Executive Director of the Company, effective 1 July 2021.

Climate Goals & Targets

Environmental Challenges

• Challenges for funding new projects due to difficult conditions for financial markets presented by COVID-19.
• Control measures limiting the movement of people resulting in potential delays to field activities.

Mitigation Strategies

• Ongoing engagement with the automotive and mining sectors on Sunrise.
• Remote working systems and technologies were successfully adopted to ensure that office-based workflows are not materially disrupted.
• Field and laboratory staff adopted control measures based on medical advice and have continued to work largely uninterrupted.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supply contract in place with a third party for limestone resources

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Scandium alloys for aerospace and automotive applications

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Sustainably designed to operate on 100% renewable electricity, offering an industry-leading carbon footprint, coupled with water reuse and responsible waste management.
• No reportable injuries and no environmental issues reported.

Social Achievements

• No reportable injuries and zero community complaints.
• Engaged with partner communities, especially members of the Sunrise Community Consultative Committee, and local government bodies.

Governance Achievements

• Regular assessment of the appropriateness of the nature and amount of emoluments of officers by reference to relevant employment market conditions.
• Board approved policies on stakeholder management and established stakeholder consultation processes.

Climate Goals & Targets

Environmental Challenges

• Project financing and transition towards construction of the Project has not progressed as rapidly as desired.
• Pace of discussions with electric vehicle supply chain for equity investment and offtake partnership has been slower than expected.

Mitigation Strategies

• Actively considering alternate corporate transactions and financing structures.
• Ongoing and constructive discussions with electric vehicle supply chain for equity investment and offtake partnership.
• Engaging proactively with Australian and foreign government agencies for funding assistance.

Supply Chain Management

Responsible Procurement

• Commercial agreement with existing local quarry to secure limestone.

Climate-Related Risks & Opportunities