Honesty. Transparency. Accountability.
The Mint launches first ESG‑focused report
- May 07, 2024
- Environmental
Sustainability
The Mint operates transparently across all areas of business. Ensuring that we balance profitability with social and environmental responsibility, as well as strong governance—is no exception. As we pursue our sustainability journey, we are seizing opportunities to create additional value for Canada and Canadians by minting with care.
The Royal Canadian Mint 2024 Impact Report is now available.
An Environmentally and Socially Responsible Mint
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 ensure reliable and uninterrupted access to coinage across the country. We shine a spotlight on subjects of national significance and promote responsible sourcing in Canada and around the world. We do all this while generating value for Canada and Canadians.
We are committed to acting responsibly by minimizing our impact on the environment, cultivating safe and welcoming workplaces and making a positive difference in the communities where we operate.
The Mint is recognized as a 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 sustainability commitment.
Message from the President and CEO
“As a Crown corporation and international leader in the minting world, we are committed to communicating our sustainability journey, sharing successes and also reporting transparently 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 has aligned its sustainability priorities with the United Nations 2030 Agenda for Sustainable Development, which was adopted by Canada in 2015.
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 and 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:
Equity, Diversity, Inclusion and Accessibility
Governance
ESG is foundational to our governance processes and integrated to business performance and accountability.
Area of Focus:
Responsible Sourcing and 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)
Tracking Our Sustainability Performance
The Mint reports on key metrics and information aligned to the recommendations of the Sustainability Accounting Standards (SASB) Index – Metals & Mining industry classification. See the Appendix section of the 2024 Impact Report for SASB Index Tables and ESG Performance Metrics.
Sustainability Targets for 2025
Environmental
Decarbonization Roadmap
Begin implementation of Winnipeg Decarbonization Roadmap actions (phase 1 of 5).
Waste Diversion
Increase the Mint’s corporate waste diversion rate to 55%.
Water Consumption
Implement water consumption reduction opportunities to achieve a 5% reduction over three years
(2024 – 2026).
Scope 3 GHG Emissions
Initiate supplier engagements for material Scope 3 greenhouse gas emissions, and align to SBTi (Science Based Targets) requirements.
Zero Major Environmental Incidents
Major environmental incidents are defined as involving a release into the natural environment that results in remediation, property damage, or enforcement action.
Social
Inclusion
Achieve targets for workforce members identifying as women, visible minorities, Indigenous Peoples, and those living with a disability.
Safety
Reduce reportable injury rate year‑over‑year.
Indigenous Relations
Obtain Partnership Accreditation in Indigenous Relations (PAIR) Committed status to build stronger links with Indigenous communities.
Employee Engagement
Maintain an engaged workforce. Achieve an employee engagement survey mean > 3.8.
Governance
Responsible Sourcing
Generate widespread awareness and adoption of Traceability of Precious Metals technology solution (Bullion GENESIS™).
Certifications
Achieve and maintain industry leading certifications.
Transparency
Maintain transparent reporting by publishing the SASB Index (Metals & Mining). See 2024 Impact Report (page 32).
Sustainability Updates
This section includes news and stories showcasing sustainability stories and initiatives at the Mint. Check back regularly for new features.
Honesty. Transparency. Accountability.
Composting Commitment
Mint employees compost 14 tonnes of waste in 2023
- Jul 04, 2024
- Environmental
A Knightly Honour –
Mint ranks sixth in Corporate Knights' Best 50 Corporate Citizens
Jul 17, 2024Social