Sustainability highlights 2022
SBTi and TCFD aligned objective setting
The SBTi has approved Ecora’s near-term science-based emissions target and we have completed our second TCFD report with first comprehensive disclosure. Full details can be found on pages 69 - 81 of the 2022 Annual Report & Accounts.
UNGC membership and SDG alignment
This is our first full year as a UNGC participant and we have started to seek to align our investment strategy with the UN SDGs.
Engagement with our operators
An increased level of engagement with operators of producing/near term producing royalties resulted in a 86% response rate to requests for sustainability information, up from 38% in 2021.
126%
Increase in response rate from operators
ESG Data
| 2022 | 2021 | 2020 | ||
| Performance indicator | ||||
|---|---|---|---|---|
| Total number of employees (at 31 December) | 14 | 12 | 9 | |
| Employee turnover rate (annual %) | 7.1 | 8 | zero | |
| % of employees who have been with the Company for more than 10 years | 31 | 25 | 22 | |
| 2022 | 2021 | 2020 | ||
| Performance indicator | ||||
|---|---|---|---|---|
| Fatality rate | zero | zero | zero | |
| Lost time injury frequency rate | zero | zero | zero | |
| Total recordable injury frequency rate | zero | zero | zero | |
| 2022 | 2021 | 2020 | ||
| Performance indicator | ||||
|---|---|---|---|---|
| % of female employees – all levels (at 31 December) | 64 | 70 | 55 | |
| % of females in management or higher positions | 23 | 30 | 33 | |
| % of female executives/board members (at 31 December) | 14 | 14 | 14 | |
| 2022 | 2021 | 2020 | ||
| Performance indicator | ||||
|---|---|---|---|---|
| % of employees who completed annual ABC and AML training | 100 | 100 | 100 | |
| Corruption incidents | zero | zero | zero | |
| Whistleblower reports | zero |
zero |
zero | |
| 2022 | 2021 | 2020 | ||
| Performance indicator | ||||
|---|---|---|---|---|
| Direct (Scope 1) GHG emissions | 0 | 0 | 0 | |
| Direct (Scope 2) GHG emissions | 0 | 0 | 13.42t | |
| Total Scope 1 and Scope 2 | 0 | 0 | 13.42t | |
| Scope 3 (upstream) at a corporate level | 102t | 35t | 23.25t | |
Operator Metrics
| Voisey’s Bay | 2019 | 2020 | 2021 |
| Water management | |||
|---|---|---|---|
| % of water reused/recycled | 51.7 % | 49.8 % | 50.1 % |
| Water abstracted (unit/year) | 2,824,328 m3 | 2,696,018 m3 | 3,047,041 m3 |
| Climate | |||
| GHG Emissions – Scope 1 (tCO2 e) |
LHPP: 41,440.88 VB: 81,705.44 |
LHPP: 41,458.36 VB: 73,397.22 |
LHPP: 35,957.69 VB: 83,744.71 |
| GHG Emissions – Scope 2 (tCO2 e) |
LHPP: 12,793.17 VB: 0 |
LHPP: 8,205.34 VB: 0 |
LHPP: 9,043.91 VB: 0 |
|
Waste Management |
|||
| Tailings | |||
| Tailings management alignment with GISTM or equivalent (please state what standard or approach if equivalent) | Committed to GISTM by August 2023 | ||
| Energy | |||
|
Energy consumed (unit/year) |
2,746 TJ |
2,635 TJ |
2,772 TJ |
|
% energy supplied from renewables |
0.01% |
0.02% |
0.02% |
| Health and safety | |||
|
Lost Time Injury Frequency Rate |
0 |
0 |
0.61 |
| Transparency | |||
|
Employee gender breakdown LH |
101 women/394 men |
102 women/387 men |
105 women/402 men |
|
Employee gender breakdown VB |
49 women/380 men |
66 women/430 men |
101 women/702 men |
| Mantos Blancos | 2019 | 2020 | 2021 |
| Water management | |||
|---|---|---|---|
|
% of water reused / recycled |
287,657 m³ |
358,973 m³ |
|
|
Water abstracted (unit/year) |
|
4,350,128 m³ |
4,668,884 m³ |
| Energy | |||
|
Energy consumed (unit/year) |
169,648 MWh |
183,489 MWh |
|
|
% energy supplied from renewables |
|
|
|
| Climate | |||
|
GHG Emissions – Scope 1 (tCO2e) |
132,848 |
156,382 |
|
|
GHG Emissions – Scope 2 (tCO2e) |
65,043 |
71,689 |
|
| Waste management | |||
| Tailings | |||
| Tailings management alignment with GISTM or equivalent (please state what standard or approach if equivalent) | Adopt the Global Industry Standard for Tailings Management (“GISTM”) by 2026. We aim to achieve independent assurance of all of our tailings storage facilities in conformance with GISTM. Chile by 2025 and PV 2026 | ||
| Other waste (excluding rock and tailings) | |||
|
% of waste diverted from disposal |
|
17.24% |
4.9% |
| Health and safety | |||
|
Lost Time Injury Frequency Rate |
|
0 |
0 |
|
Total Recordable Injury Frequency Rate |
0.05 |
0.05 |
|
| Transparency | |||
|
Employee gender breakdown at mine site |
M: 96% F: 4% |
M: 96% F: 4% |
|
| Maracás Menchen | 2019 | 2020 | 2021 |
| Water management | |||
|---|---|---|---|
|
% of water reused / recycled |
94% |
95% |
95% |
|
Water abstracted (unit/year) |
640,000 cubic meters |
672.5 Million litres |
712.1 Million litres |
| Energy | |||
|
Energy consumed (unit/year) |
53,750,000 KWh |
1,165,500 GJ |
1,060,041 GJ |
|
% energy supplied from renewables |
Not calculated |
Not calculated |
19% |
| Climate | |||
|
GHG Emissions – Scope 1 (tCO2e) |
Not available |
78,506 |
77,765 |
|
GHG Emissions – Scope 2 (tCO2e) |
Not available |
4,169 |
8,270 |
| Waste management | |||
| Tailings | |||
| Tailings management alignment with GISTM or equivalent (please state what standard or approach if equivalent) | Committed to GISTM by 2025 | ||
| Other waste (excluding rock and tailings) | |||
|
% of waste diverted from disposal |
Not available |
52% |
57% |
| Health and safety | |||
|
Lost Time Injury Frequency Rate |
2.61 |
2.23 |
0.75 - 2 injuries (<15 days) |
|
Total Recordable Injury Frequency Rate – includes all injuries except first aid cases |
7.82 |
7.81 |
5.28 |
| Transparency | |||
|
Employee gender breakdown at mine site |
M: 88% F: 12% |
M: 89% F: 11% |
M: 87% F: 13% |
| Kestrel | 2019 | 2020 | 2021 |
| Water management | |||
|---|---|---|---|
|
% of water reused / recycled |
702ML imported |
90% 877ML imported |
|
|
Water abstracted (unit/year) |
|
|
2501.5ML |
| Energy | |||
|
Energy consumed (unit/year) |
1,759,357 |
2,088,502 |
|
|
% energy supplied from renewables |
|
|
|
| Climate | |||
|
GHG Emissions – Scope 1 (tCO2e) |
1,178,560 |
1,236,654 |
|
|
GHG Emissions – Scope 2 (tCO2e) |
142,177 |
148,269 |
|
| Waste management | |||
| Tailings | |||
| Tailings management alignment with GISTM or equivalent (please state what standard or approach if equivalent) | Co-disposal until 2020, and dry disposal post 2020 | ||
| Other waste (excluding rock and tailings) | |||
| % of waste diverted from disposal | 6.4 | ||
| Health and safety | |||
|
Lost Time Injury Frequency Rate |
|
|
4.3 |
|
Total Recordable Injury Frequency Rate |
18.70 |
13.70 |
|
| Transparency | |||
|
Employee gender breakdown at mine site |
M: 94% F: 6% |
M: 92.6% F: 7.4% |
|
| Piauí | 2019 | 2020 | 2021 |
| Water management | |||
|---|---|---|---|
|
% of water reused / recycled |
73% |
64% |
64.5% |
|
Water abstracted (unit/year) |
170,229m3/yr. |
182,375m3/yr. |
167,373m3/yr. |
| Energy | |||
|
Energy consumed (unit/year) |
21.9M KWH |
25.9M KWH |
28.0M KWH |
|
% energy supplied from renewables |
9.3% |
9.3% |
9.3% |
| Climate | |||
|
GHG Emissions – Scope 1 (tCO2e) |
0.3303 tCO2e |
0.3822 tCO2e |
0.4035 tCO2e |
|
GHG Emissions – Scope 2 (tCO2e) |
n/a |
n/a |
n/a |
| Waste management | |||
| Tailings | |||
| Tailings management alignment with GISTM or equivalent (please state what standard or approach if equivalent) | Not Applicable | ||
| Other waste (excluding rock and tailings) | |||
|
% of waste diverted from disposal |
60% |
60% |
60% |
| Health and safety | |||
|
Lost Time Injury Frequency Rate |
2.61 |
0 |
0 |
|
Total Recordable Injury Frequency Rate |
1 |
0 |
0 |
| Transparency | |||
|
Employee gender breakdown at mine site |
12 females; 50 males |
9 females; 51 males |
11 females; 53 males |
| Piauí | 2019 | 2020 | 2021 |
| Water management | |||
|---|---|---|---|
|
% of water reused/recycled |
|
|
|
|
Water abstracted (unit/year) |
|
|
~ 25,000m3 |
| Energy | |||
|
Energy consumed (unit/year) |
|
|
330,652 (KWh) |
|
% energy supplied from renewables |
|
|
78.1 % |
| Climate | |||
|
GHG Emissions – Scope 1 (tCO2e) |
|
|
1,209 (tCO2e) |
|
GHG Emissions – Scope 2 (tCO2e) |
|
|
31 (tCO2e) |
| Waste management | |||
| Tailings | |||
| Tailings management alignment with GISTM or equivalent (please state what standard or approach if equivalent) | |||
| Other waste (excluding rock and tailings) | |||
|
% of waste diverted from disposal |
|
|
73% |
| Health and safety | |||
|
Lost Time Injury Frequency Rate |
|
|
2.3 |
|
Total Recordable Injury Frequency Rate |
|
|
9.2 |
| Transparency | |||
|
Employee gender breakdown at mine site |
|
|
34% female |
|
% Local direct employees (target 60%) |
|
|
74% (end 2021) |