ESG

Nomad is a signatory to the UN Global Compact, and is committed to upholding the 10 principles outlined therein.  Nomad strives to be a leader in ESG by investing in both direct and indirect sustainable development initiatives, aligned with the Sustainable Development Goals important to our business.

United Nations Global Compact

Nomad strives to be a leader in ESG by investing in both direct and indirect sustainable development initiatives.  Over the next five years, Nomad plans to focus on four of the UN’s Sustainable Development Goals.  These goals were identified during Nomad’s initial materiality assessment:

  • QUALITY EDUCATION
  • GENDER EQUALITY
  • CLEAN WATER AND SANITATION
  • CLIMATE ACTION

An annual Communication on Progress towards these goals will be published in June of every year.

Corporate Profile

Nomad is a newly created Montreal-based precious metals stream and royalty company that generated $29.9M* in revenue in 2020 by providing capital to mining companies in exchange for precious metal stream and royalty interests.  The Company’s major shareholders are Orion Mine Finance  and Yamana Gold Inc. (70.1% and 7.7% respectively, as at December 31, 2021). Its supply chain includes investors and precious metal mines across the globe with 67% of its revenue generated from the Americas, and 28% from Africa for the year ended December 31, 2020. Nomad is listed on the TSX and on the NYSE market under the symbol “NSR”.

Nomad’s portfolio of assets includes interests in the following countries: Canada, USA, Mexico, Argentina, Brazil, Chile, Ivory Coast, South Africa and Australia.

Nomad’s management approach to ESG is to focus on both direct and indirect measures. Direct measures include an internal Diversity Policy; an active commitment to workforce greenhouse gas (“GHG”) reporting and supporting charitable initiatives within our local community.  Nomad also seeks opportunities to be a positive influence on our supply chain by incentivizing ESG reporting of key metrics.  Nomad’s ESG measures also include partnering with existing social and environmental projects in the communities where mining operations take place.

In 2020, Nomad signed the UN Global Compact and identified its priority Sustainable Development Goals (“SDG”). Nomad’s progress towards these identified goals will be reported on its website on an annual basis, and as a component of quarterly financial reporting to its shareholders.

The Company workforce currently includes its Executive Team (3 men, 2 women) who own 2.5% of the Company and whom are governed by a Board of Directors (4 men, 2 women). Board members are elected annually by Company shareholders.

Environmental protection and social responsibility are an integral part of Nomad’s corporate culture.  Our ESG policies were finalized in 2020 and are the direct responsibility of the named executives officers and the GHRC Committee. The Company’s Diversity Policy includes a goal of 30% women, minorities and/or people with disabilities at both the Board and Executive level, and is currently being achieved.

Nomad is committed to engaging its stakeholders, including shareholders, government and partner operations in defining material ESG topics.  An ESG survey of key shareholder groups is planned for 2021.

 

Charters and Mandates

Audit Committee Charter Download the charter
Bord Charter Download the charter
GHRC Committee Charter Download the charter
Audit Committee Charter
Download the charter
Bord Charter
Download the charter
GHRC Committee Charter
Download the charter

Position Descriptions

Nomad’s ESG Projects  (COP)

1.Women’s Centre of Montreal

The Women’s Centre of Montreal is a non-profit organization created by women, for women. Since 1973, the Centre has been guiding women on the path towards personal and professional fulfilment.  The Centre provides educational and vocational training, as well as information services, counselling and referrals. 

In 2020, Nomad was proud to form a partnership agreement to support the centre’s Employability Service.

This is to formalize the partnership agreement between Nomad Royalty Company Ltd. and the Women’s Centre of Montréal, to offer paid internships to women using its Employability Service. Nomad’s donation will allow the Centre to offer 12 paid internships, in the form of a scholarship or allowance to women without work experience in Québec, allowing them to acquire their first professional experience in their field of expertise and thus promote their integration into the labor market.

2.Nomad’s Commitment to Gender Equality

Nomad believes that the ability to draw on a wide range of viewpoints, backgrounds, skills and experiences is critical to our success. Diversity helps ensure that a variety of perspectives are brought to bear on issues, while enhancing the likelihood that proposed solutions will be nuanced and comprehensive. The Corporation believes that diversity is an important attribute of a well-functioning Board and an efficient team of Executive Officers. The Corporation further believes that building a diverse Board and team of Executive Officers is a critical step in fostering a diverse and inclusive culture for all employees of the Corporation and its subsidiaries.

The Corporation aspires towards a Board composition in which women, Aboriginal peoples, persons with disabilities and members of visible minorities comprises at least 30% of the independent Directors and Executive team by 2022. The 2020 Executive team and Board are made up of 40% and 25% women respectively.

3.Direct and Indirect Climate Action

As part of Nomad’s commitment to Climate Action, our goal is to begin tracking the GHG emissions intensity of our direct and indirect operations.  Nomad Executives and Board flights and mileage will be considered in the direct calculation of GHG emissions and reported on an annual basis. Indirect emissions intensity will be calculated based on tonnes of CO2 equivalent per ounce of metal produced at each Third-Party Operator where the data is available.  Third-Party Operators will be provided financial incentives to report emissions according to standards, and long-term incentives to reduce intensity over time will also be provided.

Partner ESG Projects

SUSTAINABILITY PROGRAMS

Third-Party Mine Operators

At Nomad we are committed to realizing meaningful and long-term benefits for all stakeholders. Nomad’s royalty & streaming agreements are held with third-party mine operators located around the world. Several of our partners publish annual sustainability reports outlining their sustainability and ESG related targets and progress.

Below, we provide initial information on the various operators, their respective responsible mining programs and when available, the sustainability reports. In addition. We provide the links to all our partners’ respective websites where further information can be accessed. Nomad is proud to partner with mine operators who are committed to responsible mining through their participation in voluntary and transparent reporting initiatives.

Partner Assets Program Reports Website

BARRICK GOLD (OPERATOR OF NEVADA GOLD MINES)

Robertson & South Arturo

Overview 

Barrick 2020 Report 

Nevada Gold Mines

EQUINOX GOLD

MERCEDES & RDM

Overview

Equinox 2020 Report

Equinox Gold

HERON RESOURCES 

Woodlawn

Overview

Heron Reports

Heron Resources

LUNDIN MINING 

Suruca (Chapada)

Overview

Lundin 2020 Report

Lundin Mining

MINEROS S.A. 

Gualcamayo

Overview

Mineros 2020 Report

Mineros

NORTHERN VERTEX

Moss

Overview

n/a

Northern Vertex

TROILUS GOLD 

Troilus

Overview

Troilus 2020 Report

Troilus Gold

ALLIED GOLD 

Bonikro

Private Company

n/a

BLYVOOR GOLD 

Blyvoor

Private Company

n/a

Blyvoor Gold

As part of Nomad’s commitment to ESG, we are developing a list of key reporting metrics to track monthly, quarterly or annual ESG data from our partner operations.  These reporting metrics are voluntary and represent an opportunity for the operator to receive a direct financial incentive on their agreement.  Encouraging our partners to gather ESG data and report it back in a consistent manner will allow the Company to celebrate successes and understand which areas require further investments.

The following is a list of key metrics that are being considered for voluntary partner reporting:

  • HEALTH AND SAFETY – WORK RELATED INJURIES
  • TRAINING AND EDUCATION – HOURS OF TRAINING PER EMPLOYEE, PERFORMANCE REVIEWS AND SKILLS SUPPORT
  • FAIR COMPENSATION – RATIO OF HIGHEST PAID INDIVIDUAL COMPARED TO MEDIAN OF ALL EMPLOYEES
  • NON-DISCRIMINATION – INCIDENT REPORTING AND CORRECTIVE MEASURES TAKEN
  • FREEDOM OF ASSOCIATION – MEASURES TAKEN TO SUPPORT RIGHTS WHERE THEY MAY BE AT RISK
  • RIGHTS OF INDIGENOUS PEOPLES – INCIDENTS AND/OR AGREEMENTS

 

 

YAMANA GOLD INC. INVESTS IN MINING EDUCATION

In 2020 Yamana Gold Inc. (“Yamana” came together with several other Canadian mining companies to support the Young Mining Professionals Scholarship Fund.

The educational fund’s mission is to attract young Canadians to the resource exploration and mining industry by supporting their academic studies in mining-related post-secondary programs. One hundred percent of donations from partners flow directly to students studying geology or mining engineering at a Canadian post-secondary institution.

One $5,000 scholarship funded by Yamana will be provided to an extraordinary, aspiring industry professional enrolled in a mining-related program via an innovative one-page creation.

 

LUNDIN PARTNERS WITH LOCAL COMMUNITIES

The Lundin Foundation (the “Foundation”) is a Canadian non-profit organization principally supported through contributions from the Lundin Group of Companies. The Foundation works in partnership with its corporate partners, host governments and local communities to improve the management of, and benefit streams from, resource development projects. Operating across diverse geographies, each with a unique cultural and socio-economic context, the Foundation’s aim is to ensure inclusive benefits for generations to come.

The Foundation’s activities are focused on four strategic pillars:

  • Education and Skills Training
  • Local Supplier Development
  • Economic Diversification
  • Social and Environmental Innovation

 

EQUINOX GOLD CORP. BRINGS ENVIRONMENTAL EDUCATION TO LOCAL YOUTH

The Young Environmental Agents Project was created by Equinox Gold Corp. (“Equinox”) in 2015 to strengthen the relationship between the Equinox and local communities through an environmental approach.

The main objective is to educate young people by hosting workshops focused on how minerals are used in our daily lives and the social, environmental and economic impacts and opportunities associated with mining.

ESG Policies

Sustainable Development Policy

Nomad is a signatory to the UN Global Compact, and is committed to upholding the 10 principles outlined therein.  Nomad strives to be a leader in ESG by investing in both direct and indirect sustainable development initiatives, aligned with the Sustainable Development Goals important to our business.

 

Protection of the Environment

The Corporation is committed to conducting its business in a manner that protects the environment, preserves resources and ensures sustainable development. It is continuously seeking to improve its environmental performance, in keeping with applicable law, regulations and guidelines. Personnel are expected to be alert to environmental issues and has a responsibility to work in an environmentally responsible manner.

 

Anti-Corruption

The Corporation promotes zero-tolerance against bribery, corruption and fraud. No funds or assets of Nomad shall be paid, loaned or otherwise disbursed as bribes, “kickbacks”, or other payments designed to influence or compromise the conduct of the recipient, including any payments to a public official, a political party or a candidate for political office.

 

Equal Opportunity

Nomad is committed to providing equal opportunity for all personnel and applicants without regard to on race, colour, sex, gender identity or expression, pregnancy, sexual orientation, civil status, age except as provided by law, religion, political convictions, language, ethnic or national origin, social condition, a handicap or the use of any means to palliate a handicap.

 

Occupational Health and Safety

Nomad is committed to providing a healthy and safe work environment.