Release of the 2024 Sustainability Report:Growing Responsibly |
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It is with great pleasure that Osisko Gold Royalties presents the fifth edition of Growing Responsibly, showcasing our sustainability achievements in 2024. As a leading precious metals-focused royalty and streaming company operating in top-tier mining jurisdictions, we are committed to championing responsible mining practices and fostering positive impacts within the communities where we and our partners operate. This report has been prepared by Osisko’s Senior Executive Team, reviewed by the Environmental and Sustainability Committee and approved by the Board of Directors. The report has not been externally assured by an independent third party.
This past year, we continued to strengthen the foundations of our business. We reached our target of 40% female representation on our Board, and we further embedded ESG considerations into our decision-making by integrating additional ESG-related due diligence checks into advanced-stage investment decisions. Through it all, we remained grounded in our commitment to ethical business practices, with zero material breaches of Osisko’s Code of Conduct or Whistleblower Policy – a reflection of the ethical culture that we work hard to uphold.
In 2024, we also took a closer look at what matters most to our stakeholders. By refreshing our materiality assessment and adopting a double materiality approach – inspired by the evolving European CSRD framework – we gained clearer insights into the topics that are material through both a financial and impact standpoint. This rigorous process included thoughtful engagement with our Board, employees, mining partners, and investors helping to refine our ESG priorities with greater clarity and purpose.
At the heart of our progress are our people and the communities we’re proud to support. This year, we introduced a fitness reimbursement policy to promote employee wellness, launched a company-wide culture survey, and implemented 360-degree reviews for our senior leadership team. These efforts are part of building a high-performing driven culture that values both feedback and growth. In 2025, with the support of an external consultant, we will build on these reviews to bridge the gap between assessment and action.
Community investment also remained a cornerstone of our strategy. In 2024, we contributed $361,000 to local initiatives, bringing our total giving to over $900,000 since 2021. We also launched a new internal donation matching program, enabling employees to support the causes that matter most to them — because we believe that collective impact starts with individual passion.
Environmental responsibility remains central to our strategy. We continued to purchase enough carbon credits to offset emissions from our corporate operations (excluding financed emissions), including 63 tCO₂e in Scope 2 emissions and 380 tCO₂e from business travel and employee commuting. In addition, we enhanced our climate-related transparency by completing our inaugural disclosure to the CDP Climate Change questionnaire – another step in our journey toward greater accountability.
As we look ahead, Osisko remains focused on advancing our ESG commitments while delivering long-term value to our stakeholders. We will continue to integrate sustainability into our investment strategy, maintain strong governance practices, and nurture a culture of collaboration, responsibility and innovation.
We hope this year’s edition of Growing Responsibly offers valuable insight into the progress we’re making on our sustainability journey. Thank you to our employees, investors, mining partners, and broader stakeholder community — your continued support makes this work possible. Together, we are driving meaningful progress toward a more sustainable future.
Sincerely,
Jason Attew
President and Chief Executive Officer
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Edie Hofmeister
Chair, Environmental and
Sustainability Committee of the Board