Conducting a materiality assessment is essential for enabling Osisko to identify and prioritize significant sustainability issues for its stakeholders and business. Understanding key sustainability concerns helps us enhance transparency and align our ESG Strategy with stakeholder priorities, in order to promote responsible corporate practices. |
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In 2022, we conducted a materiality assessment to update our material topics and engaged an external global sustainability firm to support us with this process. Utilizing inputs from various sources, including peers, mining industry trends, and sustainability frameworks, we conducted research to establish an initial list of material topics. This list underwent validation and refinement through a comprehensive workshop involving members of the Osisko Senior Executive Team.
As a royalty and streaming company, our control of some of these material issues is limited. For example, while tailings and waste are significant concerns for the mining industry and mining partners we finance, we do not have direct control over tailings management. Instead, we incorporate assessments of tailings management into our investment due diligence process and, where possible, will request regular reporting from our mining partners to ensure responsible management.
We plan to build upon the 2022 materiality assessment, expanding inputs and feedback from a broader range of stakeholders.
- Report standards and frameworks (Global Reporting Initiative, Sustainability Accounting Standards Board, and Task Force on Climate-related Financial Disclosures)
- ESG rating organizations
- Peer material topics
- Stakeholder interest through desktop research
- Internal Enterprise Risk Assessment criteria
- Osisko’s Senior Executive Team input
- Environment and Sustainability Committee review