301-103 Management Approach Environment

Environmental topics

Environmental topics, such as energy use, water, emissions, effluents & waste, compliance and transport are directly connected to how Boliden conducts its operations and whether it maintains stable processes that comply with permit requirements. ­Several topics are linked and impact Boliden’s overall performance and compliance. Other environmental topics, such as climate, materials, biodiversity, closure planning, grievance mechanisms and supplier assessments constitute environmental topics as they impact external stakeholders, and determine Boliden’s license to operate and ability to develop its business.

Boliden’s overall goal is to contribute to increased biodiversity by 2030 in all regions where we operate.

Materials and circular economy

Materials is a fundamental topic since Boliden’s core business is mining (production of concentrates) and smelting (transformation of concentrates to base metals). Boliden produces high-quality metals, which are mainly sold to industrial customers in Europe. Material stewardship is important to us. Care and consideration for people, society and the environment are constant themes for Boliden’s entire value chain – from exploration to customer ­deliveries. Boliden’s recycling of materials, e-scrap and batteries are also an important contribution to the circular economy.

Energy

Metal production is energy intensive, both in the mining phase and in refining processes. All Boliden’s Business Units have implemented a energy management system in accordance with ISO 50001. All units are obliged to work continuously on making improvements in energy efficiency. Boliden shall reduce its dependence on fossil fuels by using renewable and/or recycled energy wherever possible. Boliden’s energy consumption is a major cost item, accounting for approximately 14% (14%) in the breakdown of the Group’s total operating costs.

Climate

Boliden’s target is to reduce greenhouse gas emissions by 40% measured in CO₂ intensity to 2030. Boliden’s Board and Group Management evaluate the company’s CO₂ emission trends every quarter. Boliden’s units evaluate their climate impact every month to identify possible improvements and ­efficiency ­measures. Using the best available technical solutions and resources efficiently, and replacing fossil fuels with renewables, are important components of Boliden’s efforts to reduce CO₂ emissions.

Boliden’s position regarding implementation of the Global Industry Standard on Tailings Manage-ment is that all Boliden’s facilities with ‘Extreme’ or ‘Very high’ potential consequences will be in conformance with The Global Industry standard on Tailings Management within three years of today, and all other facilities within five years.

Waste

Apart from normal industrial waste, Boliden’s operations produce large quantities of extractive waste (such as tailings and waste rock) and smelter waste (such as slag and sludge), which is managed in a controlled way. Boliden’s operations also generate waste in water and gas purification processes that are managed in line with local requirements.

Boliden’s position regarding the implementation of the Global Industry Standard on Tailings Management is that all Boliden’s facilities with ‘Extreme’ or ‘Very high’ potential consequences will be in conformance with The Global Industry standard on Tailings Management within three years, and all other facilities within five years.

Biodiversity

Boliden’s overall goal is to contribute to increased biodiversity by 2030 in all regions where we operate. Boliden has developed a biodiversity approach to long-term land management – from exploration to rehabilitation. Boliden has decided that all ­rehabilitation plans shall have a specific chapter on ecological rehabilitation. Compensation plans are made to enable compensation for possible losses.

Water

All Boliden’s units shall have a Water Management Plan. Water conservation is an important part of Boliden’s policy. Water management plans consider many critical operational aspects such as water scarcity, pollution and flooding. Water risk assessments shall be undertaken regularly to evaluate potential impact on the business, operations, revenue or expenditures.

Air

Boliden aims to continue to reduce its emissions to air, focusing on metals and sulfur dioxide as well as reducing diffuse emissions (dust). Local action plans are being developed both at mines and smelters.

Compliance

Environmental compliance is a prerequisite for successful mining and smelting operations. Legal requirements shall always be met.

Business Partner assessments

Environmental criteria are a vital part of Boliden’s Business Partner Code of Conduct, and accordingly also a crucial part of the evaluation of business partner and supplier assessments. Boliden requires all business partners to identify and document their environmental aspects and to be aware of and comply with environmental legislation and common practices. All business partners must agree to comply with Boliden’s Business Partner Code of Conduct, which requires them to conduct their business in a responsible way with as little impact on the environment as possible, by preventing, mitigating and controlling environ­mental damage from their operations. They shall also constantly strive to minimize their environmental impact, greenhouse gas emissions and the amount of waste. Within the area of environment, the Business Partner Code of Conduct addresses: a precautionary approach to environmental challenges, implementing environmental management systems, and minimizing the operational impact related to energy, greenhouse gas emissions, waste and water consumption.

Grievances about environmental impacts

The subjects of reports received by Boliden included noise, vibrations, dust, and other types of environmental disturbances to Boliden’s site. Complaints are handled in accordance with local procedures. Neighbors and other stakeholders are welcome to contact either the Business Unit or any of the company functions through a variety of channels, e.g. phone, e-mail, written correspondence. It is the responsibility of every employee to ensure that operations are conducted properly and in compliance with given instructions. Employees must promptly report any ­suspected environmental violation.

Boliden’s position regarding implementation of the Global Industry Standard on Tailings Management is that all Boliden’s facilities with ‘Extreme’ or ‘Very high’ potential consequences will be in conformance with The Global Industry standard on Tailings Management within three years of today, and all other facilities within five years.

Boliden’s overall goal is to contribute to ­increased biodiversity by 2030 in all regions where we operate.