| From the very beginning, responsible mining has been a central part of our vision and core to our belief system. As a capital provider, we understand that we bear significant responsibility to promote and uphold sustainable business practices to maximize long-term value for all stakeholders. |  |
Release of the 2021 ESG Report – Growing Responsibly
We are pleased to share the second edition of Growing Responsibly with you, highlighting some of the many advances we made in 2021 to enhance our Environmental, Social and Governance (“ESG”) practices.
In 2021, Osisko joined the United Nations Global Compact (“UN Global Compact”) and this report serves as our first annual Communication on Progress. Osisko is committed to the UN Global Compact’s Ten Principles in the areas of human rights, labour, environment and anti-corruption. We continue to embed the principles as part of our strategy, culture and day-to-day operations. We take being part of the world’s largest corporate sustainability initiative seriously and whole heartedly commit our continued support.
This is our first time using Sustainable Accounting Standards Board (SASB) metrics in our reporting. This is important progress in our disclosure that positions us well to meet future requirements in an evolving reporting landscape.
In this report we also highlight an initial review of our indirect CO2 emissions intensity. These emissions are attributable to Osisko based on our share of production from the producing assets in our portfolio. This is an initial step towards providing a holistic picture of the impacts associated with our revenue, as well as providing the data to make strategic decisions about our portfolio.
In 2021, we announced an investment in Carbon Streaming Corporation, a specialized streaming company that finances carbon offset projects through carbon credit streaming agreements. Our investment allows us to participate in those investments and receive a share of the carbon credits that will be generated.
Lastly, in this report, we are pleased to highlight the excellent work done by our third-party mining partners to manage their ESG exposure and respond to the needs of their stakeholders. We believe the only way to drive long-term value for stakeholders is through sustainable business practices, and we endeavour to align ourselves with like-minded partners.
We look forward to hearing from our stakeholders on the ESG topics most important to them.
Sincerely,
Sandeep Singh
President and Chief Executive Officer