- Supply chain disruptions (not explicitly stated, but implied by the discussion of local sourcing and contractor management)
- Security risks in Burkina Faso (Fortuna Silver Mines)
- Community disruptions at San Jose mine due to union and local government issues
- COVID-19 pandemic impacting school reopenings and site visits
Appian Capital Advisory LLP
Greenhouse gas emissions & sustainability report data
In its July 2021 to June 2022 reporting, Appian Capital Advisory LLP disclosed greenhouse gas emissions of Santa Rita: 77.4 kt CO2e (2021); Serrote: 18.4 kt CO2e (2021). By scope: Scope 1: Santa Rita: 52.8 kt CO2e (2021); Serrote: 10.6 kt CO2e (2021); Scope 2: Santa Rita: 24.6 kt CO2e (2021); Serrote: 7.8 kt CO2e (2021). 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
Santa Rita: 77.4 kt CO2e (2021); Serrote: 18.4 kt CO2e (2021)
July 2021 to June 2022
Renewable Energy
Brazil's energy mix: 85% renewable or carbon neutral
of total energy
Water Usage
Santa Rita: 70% reuse (2021); Serrote: 90% recycling (2021)
July 2021 to June 2022
📊 Emissions by Scope (July 2021 to June 2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | Santa Rita: 52.8 kt CO2e (2021); Serrote: 10.6 kt CO2e (2021) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | Santa Rita: 24.6 kt CO2e (2021); Serrote: 7.8 kt CO2e (2021) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| July 2021 to June 2022 | Santa Rita: 77.4 kt CO2e (2021); Serrote: 18.4 kt CO2e (2021) |
| July 2020 to June 2021 | Santa Rita: 9.7 thousand tons of CO2-e (2019); Serrote: 21 thousand tons of CO2-e (2019) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 1 and Scope 2 GHG emissions at Brazilian operations through fuel switching and operational process improvements
- 70% water reuse at Santa Rita Mine and 90% water recycling at Serrote Mine
- Santa Rita Mine evolving to become a zero discharge facility
- Revegetation projects at Santa Rita (79 ha recovered, 54,000 seedlings planted by October 2022) and Serrote
- Significant investments in tailings management, achieving Gold labels for efforts
- Biodiversity Action Plans developed for both Santa Rita and Serrote
🎯 Climate & Sustainability Targets
🔜 Short-term
- Improve data capture and subject Santa Rita Mine’s inventory to external verification to further identify avenues for improvement of its GHG emissions
- Achieve 85% or higher water reuse rate
📅 Medium-term
- Increase renewable energy use at Fortuna's operations
- Achieve compliance with GISTM at Santa Rita and Serrote
🔭 Long-term
- Net zero emissions (implied, not explicitly stated)
🌱 ESG Focus Areas
HealthSafetyEnvironmentalSocialGovernanceBiodiversityWater managementMine tailingsAirNoiseEnergyCarbon footprintGreenhouse gasHazardous substancesHuman rightsLand useVulnerable peopleGenderLabor practicesWorker/community health & safetySecurityLegal complianceEthicsAnti-bribery and corruptionTransparency