Honesty. Transparency. Accountability.
The Mint launches first ESG‑focused report
- May 07, 2024
- Environmental
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.
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 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)
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
Decarbonization Roadmap
Identify actions and investments needed to achieve reduction targets for Scope 1 and Scope 2 emissions.
Waste Diversion
Achieve waste diversion target of 44%.
Water Consumption
Identify opportunities to reduce water consumption by 5% over 3 years.
Scope 3 GHG Emissions
Identify and quantify Scope 3 sources.
Social
Diversity
Achieve targets for workforce identifying as women, visible minorities, Indigenous Peoples, living with a disability.
Safety
Reduce reportable injury rate year‑over‑year.
Learning & Development
Average five developmental days per employee per year.
Indigenous Relations
Initiate process to achieve Progressive Aboriginal Relations (PAR) Committed Criteria.
Governance
Reduced Chemical Dependence by 2025
Complete R&D project with McGill University to reduce chlorine in gold refining.
Responsible Sourcing
Explore Artisanal Sourced Mining and Indigenous Outreach. Fully deploy precious metals traceability.
Certifications
Maintain LBMA and ISO 14001:2015 certifications.
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.
Honesty. Transparency. Accountability.
Composting Commitment
Mint employees compost 14 tonnes of waste in 2023
- Jul 04, 2024
- Environmental
A Knightly Honor –
Mint ranks sixth in Corporate Knights' Best 50 Corporate Citizens
Jul 17, 2024Social