We believe that long-term value can only be achieved through sustainable and responsible investment.
Marc Bishop Lafleche
Chief Executive Officer
Sustainability highlights 2022
TCFD disclosure and SBTi aligned
objective setting
This is our second TCFD report but our first comprehensive disclosure. We have also set emissions objectives leveraging guidance from the Science Based Targets initiative for SMEs.
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
A new sustainability framework
We have developed a new framework for Ecora’s sustainability strategy that clearly communicates the areas that are of key focus. Our sustainability activities have been divided up to sit underneath two key pillars: Responsible business and Responsible investors. Underneath these we have identified six priority areas under which we will report.
Responsible business
Being a responsible business means looking after our people. At Ecora, we promote health and safety, well-being, diversity and inclusion, and continuous improvement and development of our employee culture and skillset. We are also committed to operating our business with the highest standards of ethics and integrity and we proactively seek to align our frameworks with globally recognised initiatives such as the UNGC.
Responsible investors
Long-term value for all our stakeholders can only be achieved through sustainable and responsible investment. We look to finance resources that enable a sustainable future, and to influence others in the mining sector towards sustainable outcomes.
Our purpose and commitments
Our purpose is to finance investment in natural resources to enable a sustainable future.
We are committed to:
- Conducting business ethically
- Diversity
- Encouraging international ESG best practice
- Engaging with our stakeholders
Next steps
- Improve our sustainability disclosures by aligning with voluntary frameworks
- Enhance our contributions to charitable causes and the communities where our operators work
UN Global Compact and Sustainable Development Goals
Ecora joined the United Nations Global Compact (UNGC) in February 2022. As a participant, we are committed to voluntarily aligning our operations and strategy with the UNGC’s Ten Principles in the areas of human rights, labour, environment and anti-corruption. As such, in our continued support of the UNGC, we are committed to making the UNGC and the Ten Principles a part of the Company’s strategy, culture and day-to-day operations, and have made progress in doing so in 2022. We will be submitting our first enhanced Communication on Progress between 27 March 2023 and 30 June 2023 by way of the new questionnaire format introduced for 2023. Through the submission, we aim to learn and continuously improve our performance as an UNGC participant year on year.
Building on our membership of the UNGC, we aim to engage in collaborative projects which advance the broader development goals of the United Nations, particularly the United Nations Sustainable Development Goals (SDGs). We recognise that our major sustainability impacts arise though the investments that we decide to make as a business.
As such, we have started to seek to align our investment strategy with the SDGs. This alignment will help strengthen our sustainability framework and ensure relevance of the implementation of our investment decisions to global stakes and initiatives.