ESG

The Mint is committed to operating transparently across all areas of business, and ESG is no exception. As we pursue our ESG journey, we have many opportunities to create additional value for Canada and Canadians by minting with care.

The Royal Canadian Mint 2023 Impact Report is now available.

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An Environmentally and Socially Responsible Mint

The Mint performs a duty that is essential to Canadians, and we don’t take that responsibility lightly. We use our unique position as Canada’s coin producer to support important causes, shine a light on historical figures and moments, as well as advocate for responsible sourcing in Canada and around the world — all while generating value to the Canadian economy.

The Mint is a recognized Canadian corporate leader in socially and environmentally responsible business practices (with multiple Corporate Knights Top 50 Best Corporate Citizens rankings) and will continue to prioritize its corporate-wide ESG commitment.

We are committed to acting responsibly by minimizing our impact on the environment, cultivating safe and inclusive workplaces and making a positive difference in the communities where we operate.

Message from the President and CEO

“As a Crown corporation and international leader in the minting world, we are committed to being transparent about our ESG journey, sharing successes and also reporting on areas where we have the opportunity to do better.

Through everything we do, we strive to be a performing and caring Mint — environmentally, socially and ethically.”

Marie Lemay
President and CEO

The Royal Canadian Mint is committed to supporting Canada’s adoption of the United Nations 2030 agenda for sustainable development.

Minting with Care

Environmental

We are committed to investing in solutions that lower our carbon footprint, reduce water use and waste, and minimize our environmental impact.

 

Area of Focus:

Carbon Emissions & Climate Change

Social

We are committed to developing a healthy, safe and caring workplace for employees, grounded by a culture of inclusion that is reflected in our diverse product offerings, while ensuring equitable access to coinage.

Area of Focus:

Diversity, Equity & Inclusion

Governance

ESG is foundational to our governance processes and integrated to business performance and accountability.

 
 

Area of Focus:

Responsible Sourcing & Manufacturing

Learn More

 

🗎 2023 ESG Commitment and Action Plan (1.39 MB)

 

🗎 2023 Impact Report (1.39 MB)

 

🗎 2023 Annual Report (1.39 MB)

 

🗎 Supplier Code of Conduct (1.39 MB)

 

Learn more about Diversity, Equity and inclusion (DEI)

Tracking Our ESG Performance

* The waste figures are calculated based on data supplied by our waste management providers in Winnipeg and Ottawa. The Mint engaged a new waste management provider for its Ottawa facility in December 2023 and a new calculation will be applied and reflected in 2024 reporting.

ESG Targets for 2024

Environmental

<strong>Decarbonization Roadmap</strong><br /><p>Identify actions and investments needed to achieve reduction targets for Scope 1 and Scope 2 emissions.</p>
Decarbonization Roadmap

Identify actions and investments needed to achieve reduction targets for Scope 1 and Scope 2 emissions.

<strong>Waste Diversion</strong><br /><p>Achieve waste diversion target of&nbsp;44%.</p>
Waste Diversion

Achieve waste diversion target of 44%.

<strong>Water Consumption</strong><br /><p>Identify opportunities to reduce water consumption by 5% over 3 years.</p>
Water Consumption

Identify opportunities to reduce water consumption by 5% over 3 years.

<strong>Scope 3 GHG Emissions</strong><br /><p>Identify and quantify Scope 3 sources.</p>
Scope 3 GHG Emissions

Identify and quantify Scope 3 sources.

Social

<strong>Diversity</strong><br /><p>Achieve targets for workforce identifying as women, visible minorities, Indigenous Peoples, living with a disability.</p>
Diversity

Achieve targets for workforce identifying as women, visible minorities, Indigenous Peoples, living with a disability.

<strong>Safety</strong><br /><p>Reduce reportable injury rate year&#8209;over&#8209;year.</p>
Safety

Reduce reportable injury rate year‑over‑year.

<strong>Learning & Development</strong><br /><p>Average five developmental days per employee per year.</p>
Learning & Development

Average five developmental days per employee per year.

<strong>Indigenous Relations</strong><br /><p>Initiate process to achieve Progressive Aboriginal Relations (PAR) Committed Criteria.</p>
Indigenous Relations

Initiate process to achieve Progressive Aboriginal Relations (PAR) Committed Criteria.

Governance

<strong>Reduced Chemical Dependence by 2025</strong><br /><p>Complete R&D project with McGill University to reduce chlorine in gold refining.</p>
Reduced Chemical Dependence by 2025

Complete R&D project with McGill University to reduce chlorine in gold refining.

<strong>Responsible Sourcing</strong><br /><p>Explore Artisanal Sourced Mining and Indigenous Outreach. Fully deploy precious metals traceability.</p>
Responsible Sourcing

Explore Artisanal Sourced Mining and Indigenous Outreach. Fully deploy precious metals traceability.

<strong>Certifications</strong><br /><p>Maintain LBMA and ISO 14001:2015 certifications.</p>
Certifications

Maintain LBMA and ISO 14001:2015 certifications.

<strong>Transparency</strong><br /><p>Publish 2023 Impact Report.</p>
Transparency

Publish 2023 Impact Report.

ESG Updates

This section will be continually updated with articles, photos, videos and more. There will be new content to share in the weeks and month ahead, so be sure to check back often.

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