Ecora Resources believes that investment success and long-term value can only be achieved through sustainable and responsible investment with a strong focus on environmental, social and governance (ESG) factors. As a result, we are committed to integrating ESG considerations into our strategic decision making and capital allocation process and corporate behaviours.

While we do not operate any of the assets underlying our royalty portfolio and hence do not control the manner in which operations are carried out, we recognise that we face ESG risks through the investments we make and that we can use our influence to contribute to good ESG practice in the mining industry. Therefore, we seek to promote responsible mining extraction and strong management of ESG issues through a range of
mechanisms at our disposal, including our policies, our due diligence on new investments and our ongoing engagement with operating partners.

Being a responsible business means looking after our people and creating a culture of which we can be proud. Ecora Resources is committed to upholding high corporate governance standards as a standard listed company on the London Stock Exchange and we encourage sustainable practices at the industry level. Our Board and employees are committed to championing and embedding the Company’s purpose, values and standards, which are set out in our Code of Conduct. We also aim to be an equal opportunities employer which promotes excellent learning opportunities and celebrates diversity.

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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 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


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 business

 

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.

Responsible investors


Our purpose and commitments 

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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

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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.