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
United Nations Sustainable Development Goals
Ecora’s core purpose is to provide capital to the mining sector required to supply commodities central to a sustainable future. Our initial work on the SDGs has identified two goals which we believe our business is strongly aligned to these are:
- Description: Ensure access to clean, affordable, reliable, sustainable and modern energy for all
- Reason for alignment: Ecora invests in mining projects that will increase the supply of commodities central to the production, storage and transmission of renewable energy
- Description: Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation
- Reason for alignment: Ecora invests in mining that will increase the supply of commodities central to the energy transmission that will enable sustainable industrialisation
Thematic investing
Investing in commodities that support a sustainable future.
Progress in 2022
- 80% exposure to future facing commodities
- 95% exposure to OECD jurisdictions
- 100% of capital deployed in 2021 and 2022 was in future facing commodities
- 85% of book value is in commodities that will support a sustainable future
- 100% of capital deployed in past two years is in future facing commodities
Engaging with our operators
Being a positive influence on our mining partners.
Progress in 2022
- Enhanced our monitoring and engagement process of our portfolio’s sustainability performance
- 86% of our producing/near-term producing operating partners responded to sustainability metrics requests
ESG due diligence
Committing to conducting robust ESG risk due diligence throughout all of our investment decisions.
Progress in 2022
- In 2022, we turned down 15% of investment opportunities due to ESG-related risks identified during the due diligence process
- Acquisition of South32 portfolio royalty satisfied our robust investment criteria
CASE STUDY
South32 royalty acquisition
The acquisition of the South32 royalty portfolio in July 2022 satisfied our robust sustainability investment criteria. Capstone Copper (operator of Santo Domingo) and BHP (operator of West Musgrave) are well-regarded operators with a strong sustainability focus, environmental track record, an emphasis on creating shared value with local communities, and established governance frameworks.
In particular, the West Musgrave project scored as a tier 1 project during our due diligence process. The project has strong sustainability credentials and is expected to be 80% powered by renewable sources of energy, with plans to take it to 100% which will make it one of the largest fully off-grid renewable powered mines in the world. Water requirements at the site can be met from a local acquifer system and a bore field. The operation is envisioned to be a highly scalable, low-cost and low-emissions mine.
80%
Powered by renewable resources
Santo Domingo is located in Chile, in a relatively arid environment; therefore water management is a key issue. To mitigate this, the operator is building a desalination plant which will provide all water for the project reducing water stress on the local environment. As part of the Mantoverde-Santo Domingo district integration plan, the mines will share one desalination plant reducing the combined environmental footprint of the two operations.