Capstone Copper Announces Publication of 2023 Sustainability Report
Capstone Copper Corp. (TSX:CS) is excited to share its newly released 2023 Sustainability Report, titled 'Building Capacity.' This report showcases the company's dedication to sustainability across its operations and is prepared in alignment with the Global Reporting Initiative (GRI) Standards, as well as the SASB Metals and Mining Sustainability Accounting Standard. The report comprehensively details Capstone's performance on critical sustainability topics for the past year.
In a statement, John MacKenzie, CEO of Capstone Copper, expressed his enthusiasm, emphasizing the importance of teamwork and the integration of their previous companies. This merger enhances opportunities for growth, learning, and technical excellence, all while being committed to making a positive difference in the lives of their employees and surrounding communities.
Key Highlights from the 2023 Sustainability Report
The report brings forward several key achievements from the year, alongside ongoing commitments to sustainability. Here are some of the notable highlights:
- Capstone has made significant strides towards The Copper Mark, with both Mantos Blancos and Mantoverde being recognized for their achievements.
- The establishment of new cross-site and cross-functional working groups supports the company’s Sustainable Development Strategy, focusing on vital areas such as Climate, Water, Tailings, Biodiversity, and Communities.
- The company has achieved 100% renewable energy coverage for its electricity needs at Mantos Blancos, enhancing its commitment to sustainability.
- For the first time, Capstone publishes a detailed sustainability performance data book, encapsulating four years of data, showcasing transparency regarding its sustainability efforts and reporting on greenhouse gas emissions.
Recent Trends and Metrics
In analyzing data trends from 2022 to 2023, several metrics were observed:
- Total water withdrawal increased by 3%, totaling 19 million cubic meters, with non-freshwater withdrawals remaining stable.
- Energy consumption rose by 2%, with a notable increase in fuel usage attributed to capital projects, while electricity consumption decreased by 2%. Due to increased renewable energy use, total market-based greenhouse gas emissions dropped by 3%.
- Despite a rise in the Lost Time Injury Frequency Rate (LTIFR) to 0.18 from 0.15 in 2022, improvements were noted in the last quarter as the company intensified its focus on incident reviews and site monitoring.
- The total workforce saw a modest increase to 8,520, reflecting ongoing efforts to maintain a balanced and diverse employment environment.
About Capstone Copper Corp.
Capstone Copper Corp. is a copper mining organization with a focus across the Americas, headquartered in Vancouver, Canada. The company operates various mines including Pinto Valley in Arizona, Cozamin in Mexico, and Mantos Blancos and Mantoverde in Chile. Capstone also possesses the Santo Domingo copper-iron-gold project, along with several other exploration properties throughout the Americas.
The company is dedicated to driving transformational copper production growth while continually seeking operational enhancements through innovation and responsible practices. Capstone emphasizes profitability and effective capital allocation, aspiring to provide value to its stakeholders while significantly benefiting the communities it operates in.
Frequently Asked Questions
What is Capstone Copper's commitment to sustainability?
Capstone Copper is committed to enhancing its sustainability practices through responsible mining, community engagement, and transparency in reporting.
Where can I find the full 2023 Sustainability Report?
The full report is available on Capstone Copper's official website in the responsibility section.
What are the key highlights of the 2023 report?
Key highlights include renewable energy initiatives, teamwork towards The Copper Mark, and comprehensive sustainability data reporting.
How has Capstone's workforce changed this year?
Capstone's workforce grew slightly by 1%, with a notable increase in women employees to 9% and stable hiring and turnover rates.
Does Capstone Copper have any future sustainability goals?
Yes, Capstone continues to drive its Sustainable Development Strategy, focusing on climate responsibility, water management, and community development.
