At DPM, our strategic objective is to become a mid-tier precious metals producer. We have long understood that earning and maintaining our social license to operate is a strategic imperative in the mining industry. We have also seen first-hand how excellence in sustainability performance is a competitive advantage which can unlock real value and deliver superior long-term returns for all of our stakeholders, a fact that we are keeping front of mind as we prepare DPM for its next phase of growth.
In 2024, DPM maintained its high standard for responsible mining, delivering strong sustainability performance while generating meaningful benefits to our stakeholders. We made notable progress on our environmental and social efforts and pushed key initiatives forward focused on achieving our purpose of unlocking resources and generating value to thrive and grow together.
Informed by Our Values, our Corporate Responsibility Policy reinforces and strengthens our integrated approach to managing our commitments and responsibilities across three broad and inter-related pillars: Health and Safety, Environment and Social. Refer to our Corporate Responsibility Policy.
We delivered strong operating and record financial results in 2024. Importantly, we achieved these results while maintaining our high standards for safety, environmental and social performance, in line with our values.
Highlights from the year include:
Successfully completed over 4.7 million hours without a Lost Time Injury by the end of 2024;
Continued the focus on safety through the work of our safety steering team, comprised of executives and senior leaders from across the organization;
Reduced our scope 1 & 2 greenhouse gas (GHG) emissions from our mining operations by over 25% compared to our climate target 2020 baseline;
Achieved our fifth consecutive year of zero industrial wastewater discharge at our Chelopech mine and third consecutive year of zero discharge at our Ada Tepe mine;
Ranked in the top decile among metals and mining companies for the fourth consecutive year in the annual S&P Global Corporate Sustainability Assessment.
See our full 2024 SUSTAINABILITY REPORT
Overall, DPM’s sustainability performance was strong in 2024. We delivered meaningful benefits to our stakeholders and made significant advances in our environmental and social performance.
To mitigate negative climate impact from our activities, DPM established a set of GHG emissions reduction targets that were announced in 2022 and aligned with a well-below two-degree pathway as defined by the Paris Agreement and the climate science available at that time. Our target is to reduce our absolute Scope 1 and 2 GHG emissions by 37.5% by 2035 compared to our 2020 baseline, and to become Net Zero by 2050.
Refer to our approach to climate change on our latest Sustainability Report.
DPM is committed to the long-term sustainability of the communities where we operate, aligning with our core purpose of unlocking resources and generating value to thrive and grow together. The Company acknowledges its responsibility to support communities beyond the life of our operations, working to ensure they have the socio-economic capacity to sustain themselves for the long-term after mining ends.
Refer to our approach to local development and partnering with communities on our latest Sustainability Report.
As a company, we aim to make a difference wherever we can, to build a resilient and sustainable business, to be the best employer, to build and maintain trust-based relationships with all stakeholders and be a responsible steward of our natural environment. See some examples of how we are putting this into action.
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