NextSource Materials Inc.

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023

In its 2023 reporting, NextSource Materials Inc. disclosed greenhouse gas emissions of 733.8 tCO2e (Scope 1 only). By scope: Scope 1: 733.8 tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

💨
GHG Emissions
733.8 tCO2e (Scope 1 only)
2023
⚡
Renewable Energy
35% (of Molo's power)
of total energy

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).733.8 tCO2e

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

📅 Medium-term

  • Maintain a minimum 30% of overall energy from renewable resources.
  • Develop a Climate Action Plan for Board Approval by 2024.

🌱 ESG Focus Areas

Climate ChangeHuman RightsHealth & SafetyEnvironmentHost Communities & Social ImpactGovernance

⚠️ Challenges & Risks +

  • Logistical challenges due to remote location and underdeveloped roads.
  • Impacts on primary inputs (fuel) due to increased demand.
  • Impacts on worker health and safety due to heat and tropical diseases.
  • Impacts on mine infrastructure due to adverse weather events.
  • Uncontrolled release of process water and sewage (mitigated with additional containment infrastructure).

📋 Report Information

Reporting Period: 2023
Frameworks: GRI Standards, ICMM, TCFD