Ramelius is committed to understanding and proactively managing the impact of climate-related risks to its business and continues to align its climate response to the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations. This includes integrating climate-related risks and opportunities into our overall strategic planning and decision-making and exploring potential mitigation measures. Ramelius understands and acknowledges that physical and transitional risks associated with climate change have the potential to negatively impact its business. Top priority climate-related risks include reduced water availability, extreme weather events, changes to legislation and regulation, reputational risk, and technological and market changes.

In an ongoing effort to respond to climate-related risks and opportunities, Ramelius has established an energy and emissions reduction roadmap that covers five phases which include:

The multi-year roadmap takes a comprehensive review of estimated costs, timeframes, benefits and challenges of achieving decarbonisation in its operations. By taking a thorough approach, Ramelius will ensure that its actions are in the best interest of the Company as well as ensuring it is able to meet its emissions reductions aspirations. More information on Ramelius’ Climate Change Management and alignment with TCFD can be found in its Sustainability Reporting.

Ramelius is aware of its impact on global greenhouse gas emissions (GHG) and climate change and recognises that risks related to the climate may have an impact on its business.

In accordance with the National Greenhouse and Energy Reporting (NGER), Ramelius continues to collect and report its annual emissions, energy production and consumption performance. Australia’s new climate-related financial disclosure framework will mandate climate-related reporting for major companies. Ramelius aims to be prepared for the initial reporting period. An in-depth breakdown of Ramelius’ energy consumption and GHG emissions over recent financial years can be found within its Sustainability Reporting.

Ramelius has engaged PWR Hybrid to commence construction of a hybrid power project to replace the existing power plant at the Mt Magnet Gold Mine. The hybrid power project incorporates thermal energy and renewable energy sources by using gas powered generators and back-up diesel powered generators together with solar energy. The hybrid power project also allows options for wind energy and enhanced solar energy in the future. The hybrid power project aims to reduce use of thermal energy (currently gas and diesel) and increase renewable energy supply.