Climate change is one of the defining challenges of our time and can significantly impact people and the environment. While once viewed as abstract and of minor concern, physical climate impacts are quite literally hitting home, highlighting the critical importance of mitigating our impact while adapting to changes. |
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We are a small office-based organization with leased offices in Montréal and Toronto, Canada, and Hamilton, Bermuda. Although our direct impacts on climate change and our carbon footprint are relatively small, we are committed to reducing our climate impact and working with our mining partners on their decarbonization efforts.
Osisko’s 2024 – 2027 Climate Change Strategy Summary:
MANAGEMENT OF CLIMATE-RELATED FINANCIAL RISKS
Key Supporting Principles
Osisko will seek to align with industry-leading practices regarding the identification and management of ESG and climate risks, including potential financial impacts, on its own operations and on those of its mining partners.
Osisko commits to:
- Incorporate ESG- and climate-related financial risks into its due diligence process for 100% of all new royalties and streaming agreements.
- Invest in assets with lower climate risk profiles and credible net zero targets and plans, where possible.
- Post investment monitoring and engagement with its mining partners on climate change, including consideration of financial risks and opportunities.
PURSUIT OF A LOW-EMISSION FUTURE
Key Supporting Principles
Osisko will promote and pursue sustainable, innovative and low emissions solutions that reflect its influence and constraints as a royalty and streaming business.
Osisko commits to:
- Track and disclose Osisko’s share of financed emissions from producing mines covered by a net zero target.
- Encourage partner mines to explore and pursue net zero targets aligned with the latest international agreement on climate change where feasible.
- Seek to minimize the impact from Osisko’s direct footprint, including business travel, employee commuting and office space.
GOVERNANCE AND DISCLOSURE
Key Supporting Principles
Osisko commits to maintaining governance mechanisms to implement its strategy and manage climate change risks and opportunities.
Osisko will publicly report annually on the implementation of its climate change strategy, including management of climate-related financial risks.
Osisko commits to:
- Proactively allocate appropriate roles, responsibilities and resources and implement necessary procedures at the board and management levels to implement the climate change strategy and manage climate-related financial risks and opportunities.
- Report climate-related risks, management and performance annually in line with leading disclosure frameworks and standards; and encourage mining partners to adopt a similar approach.
- Participate in relevant royalties and streaming sector initiatives to help identify and promote sector appropriate climate solutions.
Periodically review its strategy and objectives and pursue continual improvement.