OTTAWA,
ON, June 27, 2024 /CNW/ - The Royal Canadian
Mint has once again ranked among Corporate Knights' Best 50
Corporate Citizens in Canada. For the 2024 edition of this
important corporate responsibility award, the Mint has ranked sixth
overall, placing first among metal products manufacturers and
second in the Metals & Mining category. The Mint
continued to be recognized for the management of energy consumption
and carbon emissions, waste reduction, sustainable revenue, as well
as gender and racial diversity among executive management and Board
positions.
"Over the last year, the Mint has made considerable progress
toward the implementation of the measures underpinning our
environmental, social and governance commitment and action plan,"
said Marie Lemay, President and CEO
of the Royal Canadian Mint. "We are setting goals that help us meet
important corporate objectives while making a positive difference
in the communities where we operate, and we are both proud and
encouraged that our efforts to be among the best corporate citizens
in Canada -and in the global
minting industry- are being recognized by Corporate Knights."
Our inaugural Impact Report was published this past May, to
honestly account for our 2023 environmental, social and governance
(ESG) performance by both reporting progress and achievements, as
well as acknowledging areas for improvement. The report includes
stories and employee testimonials that bring our ESG commitment to
life and demonstrate how we embody our goal of being a caring
Mint.
We also used the Impact Report to provide an update on our
Task-force on Climate Related Financial Disclosures (TCFD)
obligations. Included in the TCFD update is a Mint-wide
climate-related risk assessment that will help us integrate and
monitor climate change risks and opportunities in our enterprise
risk management system.
As part of our commitment to making our circulation coinage
manufacturing carbon-neutral by 2030, we have developed a
decarbonization roadmap that is plotting out and tracking important
steps towards meeting our goals, including implementation of
geothermal technology to heat and cool our Winnipeg facility.
In our quest to continually improve our ability to responsibly
source precious metals, the Mint implemented a transformative
distributed ledger technology solution to track the provenance and
custody of gold entering our refinery, from mine to mint, which
enhances investor trust in the integrity and quality of our gold
bullion products.
To help minimize the environmental impact of our operations, we
maintain a strong focus on recirculating existing coin inventories
and recycling coinage. As a result, 88% of coins placed into
circulation through the operation of our national coin management
system are re-circulated, requiring only 12% of coin demand to be
fulfilled by new coin production.
The Best 50 Corporate Citizens in Canada ranking is based on 24 quantitative key
performance indicators relating to resource management, employee
management, financial management, clean revenue, clean investment
and supplier performance.
About the Royal Canadian Mint
The Royal Canadian Mint is the Crown corporation responsible for
the minting and distribution of Canada's circulation coins. The Mint is one of
the largest and most versatile mints in the world, producing
award-winning collector coins, market-leading bullion products, as
well as Canada's prestigious
military and civilian honours. As an established London and COMEX Good Delivery refiner, the
Mint also offers a full spectrum of best-in-class gold and silver
refining services. As an organization that strives to take better
care of the environment, to cultivate safe and inclusive workplaces
and to make a positive impact on the communities where it operates,
the Mint integrates environmental, social and governance practices
in every aspect of its operations.
For more information on the Mint, its products and services,
visit www.mint.ca. Follow the Mint on LinkedIn, Facebook and
Instagram.
About Corporate Knights
Corporate Knights Inc. includes the sustainable business
magazine Corporate Knights and a research division that
produces rankings and financial product ratings based on corporate
sustainability performance. Corporate Knights was named
Magazine of the Year in 2013 and won the SABEW Canada Silver Award
for Investigative Reporting in 2019.
SOURCE Royal Canadian Mint (RCM)