Greenland Resources Inc. has published a Sustainability Report prepared by COWI, aimed at providing transparency to investors and offtakers on environmental, social and governance (ESG) matters. Chairman Dr. Ruben Shiffman said the company has made positive progress in permitting, offtakes and capital expenditures. He also pointed to the company’s plan to develop a molybdenum mine that it describes as environmentally friendly.
Scope and materiality screening for ESG topics
The report’s methodology involved screening topics using European Sustainability Reporting Standards and other international frameworks used by mining companies. This screening identified 9 material topics and 51 subtopics across environmental, social and governance domains. COWI then carried out a gap analysis against Greenland Resources Inc.’s existing reports and assessments.
The referenced documents in the gap analysis include the NI 43-101 Definitive Feasibility Study, an EIA, an SIA, a Renewable Energy Report, and a Stakeholders Engagement Plan. The analysis highlighted areas where sustainability performance could be strengthened. The company’s disclosure status was assessed in relation to data and policy requirements.
Gap analysis results and planned initiatives
The gap analysis concluded that all 9 material topics were covered. It also found that about 70% of data and policy disclosure requirements have been addressed. Remaining gaps were described as mainly requiring strengthening existing policies, formulating new ones, and ensuring data availability for some metrics.
Greenland Resources Inc. reported that it is actively working on 13% of the identified initiatives in the short and medium term. The company said it plans to address the remaining approximately 17% once the mine reaches production. The report frames this work as part of ongoing engagement with ESG considerations in the mining sector.