IAMGOLD Corporation
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:573,528 tCO2e/year (Scope 1); 566 tCO2e/year (Scope 2)
Scope 1 Emissions:573,528 tCO2e/year
Scope 2 Emissions:566 tCO2e/year
Renewable Energy Share:7% (electricity from solar)
Total Energy Consumption:10,047,327 GJ/year
Water Consumption:57,419,900 m3/year (withdrawal); 20,393,900 m3/year (discharge); 37,026,000 m3/year (consumption)
Waste Generated:22,366 tonnes/year (hazardous); 32,408 tonnes/year (non-hazardous); 21,045,358 tonnes/year (tailings)
Carbon Intensity:0.8 kg CO2e per ounce of gold produced
ESG Focus Areas
- Environmental Stewardship
- Community Engagement and Development
- Governance
- Our People
Environmental Achievements
- Achieved Level A under the Mining Association of Canada (MAC) Towards Sustainable Mining (TSM) Water Stewardship Protocol across all sites.
- Achieved Level A under the MAC TSM Tailings Management Protocol at Westwood and Essakane.
- Achieved Level AAA at Essakane and Level A at Rosebel under the MAC TSM Biodiversity Conservation Management Protocol.
- Obtained ECOLOGO® certification for mineral exploration activities in Quebec.
Social Achievements
- Over $15 million in community investments.
- Over $100 million spent on local contracting and procurement (56% increase from 2021).
- Partnership with One Drop Foundation, CowaterSogema and Global Affairs Canada for Phase 2 of Triangle d’eau project (potable water to 75,000 people near Essakane).
- Decreased Lost Time Injury Frequency Rate to 0.08.
Governance Achievements
- Strengthened ESG governance with the Sustainability Committee overseeing ESG strategy implementation.
- Board gender diversity of 38% (surpassing the 30% target).
- Updated Anti-Bribery and Anti-Corruption Policy to reflect industry best practices.
- Received a rating of AA in the MSCI ESG Ratings assessment.
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2050
Medium-term Goals:
- Achieve net positive biodiversity by 2050
Short-term Goals:
- Finalize drafting of Project Implementation Plan for Phase 2 of the Triangle d’eau project and begin project implementation
- Advance global gender representation to 20% female employees by 2030
- Achieve 50% gender parity at manager level by 2030
Environmental Challenges
- Constrained global supply chains and rising inflation.
- Fatality of an Essakane team member in an off-site accident.
- Inconsistent performance against TSM Protocols, particularly at Westwood.
- Challenging labour market due to skilled labour shortage.
Mitigation Strategies
- Renewed policies and procedures following the off-site fatality.
- Aligned management compensation metrics with TSM performance to improve scores.
- Implemented key changes in off-site interventions, including submitting them to higher management for evaluation.
- Implemented leading safety indicators, behaviour-based programs (MBA), and a new software solution for health and safety reporting.
Supply Chain Management
Responsible Procurement
- Prioritizing local suppliers where competitive.
- Supplier Code of Business Conduct and Ethics.
- Supplier Development Program.
Climate-Related Risks & Opportunities
Physical Risks
- Drought conditions at Essakane
- Potential for rationed water supplies
Transition Risks
- Regulatory changes
- Technology shifts
- Market shifts
- Reputational risk
Opportunities
- Development of energy-efficient products
- Energy sources
- Resource efficiency
Reporting Standards
Frameworks Used: GRI Standards, SASB Metals and Mining disclosures
Certifications: ISO 45001 (Essakane), ECOLOGO® (Quebec exploration)
UN Sustainable Development Goals
- 1
- 3
- 5
- 6
- 7
- 8
- 9
- 10
- 12
- 13
- 15
Initiatives contribute to various SDGs through community development, water access, biodiversity conservation, climate action, and responsible labor practices.