Being a positive influence on our mining partners
Progress in 2024
- Continued to explore opportunities of partnering with
operators on community engagement initiatives - Donated to the Community Food Sharing Association
in partnership with Vale - Published financed emissions metrics for the first time
2025 priorities
- Review and update our operating partner sustainability
due diligence questionnaire - Continue to participate alongside operators
on community engagement initiatives - Take steps to measure Cu equivalent financed emissions
Engaging with operators
In 2024, we continued to engage with our operators, many of which publish detailed sustainability reports which contain an extensive set of key metrics. Consequently, we have adapted our processes such that initially, we extract as much data as possible from these sustainability reports. We then follow up with the operators to obtain specific sustainability-linked information not available in the public domain.
We focus on the following key metrics of our portfolio operations:
- water management;
- energy;
- climate;
- waste management;
- health and safety; and
- diversity.
Using our sustainability risk due diligence framework, we continue to maintain close dialogue with our operating partners to proactively monitor the performance of our portfolio assets and ensure early identification of, and engagement on, any risks and opportunities. Our ongoing engagement includes regular discussions between our operating partners and our technical, legal and investment teams, which also allows for the opportunity to understand their sustainability practices and transition plans and any sustainability risks to be mitigated.
In addition to monitoring and disclosing our operating partners’ sustainability performance, we encourage operators’ adherence to sustainability best practice by: (i) monitoring external media reports and other publicly available information on the assets; (ii) engaging in regular dialogue with operating partners (including conducting periodic site visits); (iii) encouraging our operating partners to adopt policies on relevant sustainability issues; and (iv) gathering periodic reports from our mining partners on their sustainability activities.
Community initiatives with operators
Ecora maintains an ongoing dialogue with its operating partners to identify opportunities to collaborate on charitable initiatives that positively impact the communities within the proximity of the projects in which the Group has invested. The Group is committed to investing in projects that have a positive long‑term impact on communities and which help break the poverty cycle. As such, the Group is exploring projects that focus on the provision of healthcare, education and nutrition.
In 2024, Ecora once again partnered with Vale (operator of the Voisey’s Bay mine) to donate to the Community Food Sharing Association in Newfoundland and Labrador.