enCore Energy Corp.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate Change and Emissions
- Water Management
- Occupational Health and Safety
- Community Relations
- Labor Practices and Human Capital
- Responsible Supply Chain Management
- Business Ethics and Transparency
Environmental Achievements
- Completed exploratory life cycle assessment of greenhouse gas emissions at Rosita and Alta Mesa facilities.
- Maintained overall emissions of radionuclides to air from operations as low as reasonably achievable (ALARA).
Social Achievements
- Grew from 3 employees in 2021 to 87 employees by the end of 2023.
- Launched “Get the Edge from Education”, enCore’s Education Society in early 2024.
- Sponsored several community events in 2023.
- Awarded 10 community scholarships and 5 team scholarships in June 2024.
Governance Achievements
- Completed first materiality assessment in early 2024.
- Established goals, targets, and next steps for priority sustainability topics.
- Reported environmental, social, and governance performance across enCore’s business.
Climate Goals & Targets
Long-term Goals:
- By 2027, establish a responsible supply chain program.
Medium-term Goals:
- By 2026, establish baseline groundwater usage and develop a goal to reduce overall groundwater usage.
- By 2026, maintain TRIR below the industry average, aiming for year-over-year reductions of 10%.
- By 2026, establish a companywide annual review of enCore's Business Conduct Policy.
- By 2026, map enCore's supply chain to identify human rights violations or compliance issues.
Short-term Goals:
- By 2025, begin groundwater restoration at Rosita and Alta Mesa.
- By 2025, establish baseline for Total Recordable Incident Rate (TRIR).
- By 2026, conduct a community assessment to determine areas where enCore's Education Society can provide an impact.
Environmental Challenges
- Limited production and workforce at the time of the materiality assessment.
- Potential supply chain disruptions.
- Need to formalize community engagement policies.
Mitigation Strategies
- Conducting a GHG inventory for Scope 1, 2, and 3 emissions.
- Implementing variable frequency drives, soft starts, and systems telemetry to manage electricity usage.
- Developing formalized community relations policies by 2026.
- Assessing supply chain risks and procuring critical spare parts to ensure continuity.
Supply Chain Management
Responsible Procurement
- 100% of 2023 procurement spend was with local Texan suppliers.
- Vendor Code of Conduct
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, SASB, UN SDGs, TCFD