Fortuna Silver Mines Inc.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Scope 1 Emissions:80,972 tCO2e/year
Scope 2 Emissions:55,726 tCO2e/year
Renewable Energy Share:14%
Total Energy Consumption:1,713,121 GJ/year
Water Consumption:1,687,000 m3/year
Waste Generated:1,084 tons/year
Carbon Intensity:17.94 tCO2eq/kt of processed ore
ESG Focus Areas
- Climate Change
- Tailings Management
- Water Management
- Energy Management
- Air Quality
- Biodiversity
- Waste Management
- Community Relations
- Workforce Health and Safety
- Security
- Human Rights
- Indigenous Peoples' Rights
- Business Ethics
- Transparency
- Human Capital Management
- Labor Relations
- Supply Chain Management
Environmental Achievements
- Zero significant spills
- 14% of total energy consumed was renewable
- 63% water recycled
- Zero significant incidents associated with hazardous materials and waste management
- Caylloma mine switched to a grid electricity supplier that offers access to energy from 100% renewable sources.
Social Achievements
- $5,636,894 USD Community investments
- Zero significant disputes with local communities
- 25 youth, including 2 women, trained at Séguéla project
- Implementation of Zero Harm Leadership Program and Zero Harm Award
Governance Achievements
- 75% Independent Directors
- 37.5% Women directors
- Executive compensation linked to ESG performance, including climate change performance
- Robust ESG oversight structure
- Updated Sustainability Committee Charter to explicitly include oversight of climate change factors
Climate Goals & Targets
Short-term Goals:
- Reduce water consumption per tonne of processed ore to 0.28 m3/t by 2023
- Reduce GHG emissions intensity per thousand tonnes of processed ore to 17.80 tCO2e/kt by 2023
- Reduce energy use intensity per tonne of processed ore to 0.21 GJ/t by 2023
Environmental Challenges
- Fatality at Lindero mine in January 2022
- Lower than estimated production at Argentina operation resulting in higher GHG emissions intensity and energy use intensity.
- Challenges in achieving local hiring targets due to national state of emergency in Peru and high demand for employment in Argentina.
- Political instability in Burkina Faso impacting implementation of social development projects.
Mitigation Strategies
- Immediate and longer-term actions taken to improve health and safety, including enhanced safety training and the Visible Leadership Program.
- Monitoring of GHG emissions and energy use intensity to improve projection accuracy.
- Development of plans to manage challenges related to local hiring in Peru and Argentina.
- Assistance to local authorities and communities in Burkina Faso to operationalize the LDMF.
Supply Chain Management
Supplier Audits: Annual internal assessment process performed by an external third party, focusing on critical Type A contractors.
Responsible Procurement
- Supplier Code of Business Ethics and Conduct
- Prioritization of local suppliers
- Contractual expectations for contractors on HSSEC matters
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Drought conditions
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Resource efficiency improvements
- Increased use of renewable energy
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI Standards, SASB Metals and Mining Standard, TCFD Recommendations
Certifications: ISO 14001 (Caylloma, San Jose), ISO 45001 (Caylloma, San Jose)
Third-party Assurance: Not externally assured