Sustainability highlights 2022

TCFD aligned objective setting

We completed our second TCFD report with first comprehensive disclosure. Full details can be found on pages 69 - 81 of the 2022 Annual Report & Accounts.  


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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.


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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)

Policies

View our policies