Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Air Quality
• Energy Conservation
• Water Conservation
• Waste Minimization
• Hazardous Materials Minimization

Environmental Achievements

• Reduced paint-related VOC emissions by approximately 33% (2.6 tonnes) annually through the transition to water-based paints.
• Eliminated about 40% of paint and paint thinner solvent use, and associated VOC emissions of 2.1 tonnes by implementing HVLP spray guns.
• Reduced annual natural gas consumption by 3.1 million m³ and 7,000 tonnes of CO2e Greenhouse Gas emissions by installing a high-efficiency electric induction heating coil system.
• Reduced annual solid waste generation at the Salt Lake City bit manufacturing plant by 75% (265 tonnes) by recycling waste graphite dust.
• Reduced hazardous waste water disposal by 90% (1.1 million liters annually) by reverse osmosis filtration and reuse at the Wuxi facility.
• Achieved 400,000 kWh in annual energy savings through high-efficiency lighting installation in North Bay and Mississauga facilities.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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: ISO-14001

Certifications: ISO-14001, OHSAS-18001, ISO-9001

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, Health, and Safety

Environmental Achievements

• Reduced paint-related emission of volatile organic compounds (VOC) by approximately 33% (2.6 tonnes) annually by transitioning from solvent-based to water-based paints.
• Eliminated about 40% of paint and paint thinner solvent use, and associated VOC emissions of 2.1 tonnes by implementing high volume, low pressure paint spray guns.
• Reduced annual natural gas consumption by 3.1 million m³ with a concurrent reduction of 7,000 tonnes of CO2e greenhouse gas emissions by installing a high-efficiency electric induction heating coil system.
• Reduced hazardous waste water disposal by 90% (1.1 million liters annually) by reverse osmosis filtration and reuse.
• Reduced annual solid waste generation at the Salt Lake City bit manufacturing plant by 75% (265 tonnes) by recycling waste graphite dust.

Social Achievements

• Launched THINK safety campaign to increase safety culture.
• Implemented Stop Work Authority program.
• Implemented Make it Personal cards to personalize safety commitment.
• Implemented in-vehicle monitoring system (inthinc) on four continents to provide instantaneous coaching to drivers and reporting on driver and vehicle performance.
• Developed several safety innovations including Drill Control Interface (DCi), S250-M3 Rock Drill, Roller Latch Underground Head Assembly, RC™ Rod Handler, LM™/LF™ Rod Handler, Split Tube Loader, Rod Lifter, and Slide Sledge®.

Governance Achievements

• Established a Global EHS Information Management System (GEMS) to capture and disseminate key EHS information globally.
• Established a Code of Business Conduct.
• Implemented a global compliance strategy including online and in-person compliance training, global audit program, and a confidential global whistleblower hotline.

Climate Goals & Targets

Environmental Challenges

• Manual handling of rods leading to hand injuries.
• Air emissions and greenhouse gases from fuel and power consumption.
• Waste generation and hazardous materials use.
• Water consumption and impacts to water quality.
• Risk of corruption.

Mitigation Strategies

• Developed and implemented safety innovations to reduce manual rod handling.
• Implemented air quality controls including transitioning to water-based paints and implementing high-efficiency electric induction heating coil system.
• Implemented waste minimization programs and systematically reduced the use and inventory of hazardous materials.
• Implemented water conservation measures.
• Joined the Partnering Against Corruption Initiative (PACI).

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO-14001, OHSAS-18001

Sustainable Products & Innovation

• DCi™, S250-M3 Rock Drill, Roller Latch Underground Head Assembly, RC™ Rod Handler, LM™/LF™ Rod Handler, Split Tube Loader, Rod Lifter, and Slide Sledge®

Environmental Metrics

ESG Focus Areas

• Safety
• Sustainability

Social Achievements

• Exceptional safety performance for 2021 with second lowest LTIR of 0.06 in the company’s history and TCIR of 1.31, which is the lowest in six years

Climate Goals & Targets

Environmental Challenges

• Supply chain constraints due to growing demand, COVID-19 related labor shortages, and constraints on global shipping capacity.
• Raw material inflation costs
• Potential interest rate increases
• Implications of the Russian-Ukrainian conflict

Mitigation Strategies

• Increased working capital investment to secure capacity and meet customer commitments.
• Increased ABL facility

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Health and safety
• Environmental management
• Diversity
• Governance and compliance
• Community engagement

Environmental Achievements

• Finalised Scope 1 and 2 emissions baseline project for six manufacturing facilities and developed a system to capture Drilling Services’ emissions (implementation in 2023)
• Upgraded GEMS software to track environmental metrics

Social Achievements

• Maintained a nine-year track record of being fatality free
• Achieved 10.67% women in the global workforce (towards a 15% goal by 2025)
• Delivered a 142% increase in live compliance training sessions compared to 2021
• Completed 63,000 training sessions
• Appointed a Global ESG Manager

Governance Achievements

• Reviewed and updated key company policies
• Enhanced key compliance processes and controls
• Increased live compliance training by 142%
• Published eight new or revised policies (Human Rights; Collective Bargaining; Conflict Minerals; Disclosure; Diversity, Equity and Inclusion; Environmental, Health and Safety; Retaliation and Whistleblower; Procedures for Escalating and Investigating Code of Conduct Reports)

Climate Goals & Targets

Environmental Challenges

• Global supply chain disruptions
• War in Ukraine

Mitigation Strategies

• Individual risk assessments performed as necessary
• Planning for a third-party risk management tool and updating the global vendor onboarding process (implementation in 2023)
• Country anti-corruption risk assessment to be implemented in three high-risk jurisdictions in 2023

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Prioritization of goods and services from local suppliers
• Planning for a third-party risk management tool and updating global vendor onboarding process (implementation in 2023)

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SASB Metals & Mining Sustainability Accounting Standard (version 2021-12), GRI Universal Standards (Core option), UN Sustainable Development Goals

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Drill rigs and equipment designed for reduced water and energy consumption, lower greenhouse gas emissions

Awards & Recognition

• 'Safe Day Everyday Gold Award' (Canada)
• 'Best Drilling Company' (Elko County, Nevada)
• AngloGold Ashanti Zero Harm and Safety Award (APAC)

Environmental Metrics

ESG Focus Areas

• Emissions
• Safety
• Community Investment
• Diversity & Inclusion
• Supply Chain Management

Environmental Achievements

• Published inaugural ESG report
• Baselining Scope 1 & Scope 2 emissions in manufacturing plants
• Distributed >1,000 mosquito nets to local African communities for World Malaria Day

Social Achievements

• Focusing on gender diversity to expand talent pool
• Refining recruitment and onboarding to increase employee retention
• Implementing actions to address employee engagement survey
• Distributed >1,000 mosquito nets to local African communities for World Malaria Day

Governance Achievements

• Finalised three-year ESG strategy

Environmental Challenges

• Higher input costs and supply chain headwinds
• Rising energy costs, tightening metals and freight markets
• Labour inflation

Mitigation Strategies

• Expanded capacity by introducing a rod line manufactured in Germany to leverage lower cost steel within the European market
• Investing capital in manufacturing plants to lower cost of production
• Offering and paying competitive wage rates to attract high-quality candidates
• Differentiating Company with industry-leading training
• Increased investment in inventory to address supplier lead time delays
• Developed vendor management strategy focused on opportunities to lower input costs through diversification
• Continuous leveraging of global manufacturing footprint to support elevated consumption levels

Supply Chain Management

Responsible Procurement

• Developed vendor management strategy focused on opportunities to lower input costs through diversification

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Safety
• Climate Change
• Diversity, Equity & Inclusion
• Governance & Business Integrity
• Community Engagement

Environmental Achievements

• Achieved a 10% increase in renewable energy consumption across six manufacturing plants.
• Measured 100% of Scope 1 & 2 emissions in manufacturing facilities and established a baseline for Drilling Services' surface combustion rigs.
• Recorded zero reportable environmental spills.

Social Achievements

• Achieved a Total Case Incident Rate (TCIR) of 1.25, the best ever.
• Increased women's representation in the company to 10.8%.
• Established the company's first all-women US underground drill crew.
• 70% participation rate in the employee engagement survey.

Governance Achievements

• 100% implementation completion and global tracking of social engagement initiatives.
• 99% completion rate for online governance training (surpassing the 97% target).
• 304% increase in live training participation compared to 2022.
• Implemented an improved vendor assessment and onboarding process.

Climate Goals & Targets

Environmental Challenges

• Regional softness in exploration spending in Canada and Australia due to a weak financing environment for junior and intermediate firms.
• Managing climate-related risks and opportunities.

Mitigation Strategies

• Developing a Scope 1 emissions management guidance document for surface combustion rigs.
• Investing in new drilling technologies to reduce the surface footprint of drilling operations and minimize water use and waste production.
• Annual ERM analysis to guide strategic decisions.

Supply Chain Management

Responsible Procurement

• Code of Conduct
• Human Rights Policy
• Third-party questionnaire covering modern slavery, human rights, bribery, and corruption risks.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB Metals & Mining Sustainability Accounting Standard (version 2021-12), GRI Standards, UN SDGs

Certifications: ISO 14001

UN Sustainable Development Goals

• SDG 3
• SDG 5
• SDG 8
• SDG 9
• SDG 13
• SDG 17

Alignment with UN SDGs is integrated into the company's sustainability framework.

Sustainable Products & Innovation

• Veracio's technology platform

Awards & Recognition

• Safe Day Every Day Gold Award (Boart Longyear Canada)

Environmental Metrics

ESG Focus Areas

• Sustainability
• Safety
• Diversity
• Community Engagement

Environmental Achievements

• Expanded baseline emissions data for Drilling Services and Manufacturing
• Planted over 100 trees in collaboration between Boart Longyear Lao and Lao Ministry of Agriculture and Forestry

Social Achievements

• Commemorated a four-year injury-free milestone at our operations in Ghana
• Celebrated diversity across our global operations with International Women’s Day and International Day of Women in Mining
• Introduced Field Focus Time interactions in early 2023 as a key performance indicator between leaders and field employees to reinforce safety and improve worker knowledge
• Surveyed regional workforce to better understand safety issues to enable implementation of bespoke action plans for to correctly fill gaps

Governance Achievements

• Published our second annual ESG report highlighting our sustainability progress

Climate Goals & Targets

Environmental Challenges

• Inflation, mainly labour, freight, consumables, and raw materials
• Weakness in financing market for junior and intermediate firms reducing near-term exploration spend
• Market ascertaining impact of Chinese economic stimulus program and US credit rating downgrade

Mitigation Strategies

• Implementing a robust cash-flow forecasting process to better predict cash needs
• Identifying cost-saving opportunities to free up cash for working capital purposes
• Managing political, geopolitical and commodity price risks

Supply Chain Management

Climate-Related Risks & Opportunities