Sherritt International Corporation - Energas
2024  ESG Scorecard
Published on  August 6, 2025
Sherritt International Corporation
Disclaimer and Forward Looking Statements
Company Profile
Organizational Profile
Name Sherritt International Corporation
Describe nature of activities, brands, products and services Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Sherritt’s Moa Joint Venture has an estimated mine life of approximately 25 years and is advancing an expansion program focused on increasing annual mixed sulphide precipitate production by 20% of contained nickel and cobalt. The Corporation’s Power division, through its ownership in Energas S.A., is the largest independent energy producer in Cuba with installed electrical generating capacity of 506 MW, representing approximately 10% of the national electrical generating capacity in Cuba. The Energas facilities are comprised of two combined cycle plants that produce low-cost electricity from one of the lowest carbon emitting sources of power in Cuba. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.
Link to Corporate Website https://www.sherritt.com/English/Home/default.aspx
Industry Classification NAICS:
21 Mining, quarrying, and oil and gas extraction
22 Utilities
31-33 Manufacturing
54 Professional, scientific and technical services
Market Capitalization $0-$100Million USD
Type of Operations Primarily production oriented
Company Headquarters Toronto, Canada
Environment
Greenhouse Gas Emissions - Energas
Scope 1
Fuel related methane (CH₄)  (tonnes) 0.068
Fuel related nitrous oxide (N₂O)  (tonnes) 0.013
Carbon dioxide (CO₂) (tonnes CO₂-e) 1,379,196.372
Methane (CH₄)  (tonnes CO₂-e) 1.700
Nitrous oxide (N₂O)  (tonnes CO₂-e) 1,696,517.874
Hydrofluorocarbon-23 (CHF₃)  (tonnes CO₂-e) 0.000
Hydrofluorocarbon-32 (CH₂F₂)  (tonnes CO₂-e) 0.000
Sulphur hexafluoride (SF₆)  (tonnes CO₂-e) 478,800.000
Nitrogen trifluoride (NF₃)  (tonnes CO₂-e) 0.000
Perfluoro methane (CF₄)  (tonnes CO₂-e) 0.000
Perfluoro ethane (C₂F₆)  (tonnes CO₂-e) 0.000
Perfluoro butane (C₄F₁₀)  (tonnes CO₂-e) 0.000
Perfluoro hexane (C₆F₁₄)  (tonnes CO₂-e) 0.000
The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonnes) 3,554,515.946
Discuss any change in its Scope 1 emissions from the previous reporting period, including whether the change was due to emissions reductions, divestment, acquisition, mergers, changes in output, and/or changes in calculation methodology (i.e. any changes the entity made to the measurement approach, inputs and assumptions during the reporting period and the reasons for those changes, if any) Net power generated in the Energas business increased from 8,789,485 GJ in 2023 to 9,615,805 GJ in 2024, representing a 9.4% increase. This resulted in an overall increase in Scope 1 emissions as gas turbines are the main source of power generation.
The entity may discuss the calculation methodology for its emissions disclosure, such as if data are from continuous emissions monitoring systems (CEMS), engineering calculations, or mass balance calculations Scope 1 emissions are calculated by means of engineering calculations and mass balance calculations
Scope 2
Does the company purchase externally supplied energy (grid electricity) Yes
Report the total electricity purchased from external suppliers for the reporting year in gigajoules (GJ) 88,931.000
In what jurisdiction is the source of energy (utility) located Cuba
Conversion factor (see Guidance):
 0.800
Total amount of Scope 2 GHG emissions from purchased electricity (CO₂-e) (tonnes) 19,762.460
Does the company purchase externally supplied heat No
Does the company purchase externally supplied steam No
Does the company purchase externally supplied cooling No
The total amount of gross location based global Scope 2 GHG emissions (tonnes CO₂-e) 19,762.460
Discuss any change in its Scope 2 emissions from the previous reporting period, including whether the change was due to emissions reductions, divestment, acquisition, mergers, changes in output, and/or changes in calculation methodology (i.e. any changes the entity made to the measurement approach, inputs and assumptions during the reporting period and the reasons for those changes, if any) There is a 70% decrease in Scope 2 emissions reported between 2023 and 2024 as less power was purchased from the grid during 2024.
Air Emissions - Energas
Emissions of air pollutants that are released into the atmosphere - carbon monoxide, reported as CO (tonnes) 0.000
Emissions of air pollutants that are released into the atmosphere - oxides of nitrogen (NOx), reported as NOx (tonnes) 5,693.000
Emissions of air pollutants that are released into the atmosphere - oxides of sulphur (SOx), reported as SOx (tonnes) 36,119.000
Emissions of air pollutants that are released into the atmosphere - Particulate Matter 10 micrometres or less in diameter (PM₁₀), reported as PM₁₀  (tonnes)
Information unavailable.
Emissions of air pollutants that are released into the atmosphere - lead and lead compounds, reported as Pb (tonnes)
Information unavailable.
Emissions of air pollutants that are released into the atmosphere - mercury and mercury compounds, reported as Hg (tonnes)
Information unavailable.
Emissions of air pollutants that are released into the atmosphere - non-methane Volatile Organic Compounds (VOCs)  (tonnes)
Information unavailable.
Energy - Energas
Energy Consumption
Total energy consumption within the organization (gigajoules, GJ) -8,113,025.000
In 2024, our Energas operations sold more energy than was consumed by the operations resulting in a negative total energy consumption value.
Report the energy owned and controlled by the organization consumed in gigajoules for the following 793,241.000
Electricity purchased/generated for consumption (gigajoules, GJ) 793,241.000
Heating purchased/generated for consumption (gigajoules, GJ) 0.000
Cooling purchased/generated for consumption (gigajoules, GJ) 0.000
Steam purchased/generated for consumption (gigajoules, GJ) 0.000
Renewable fuel consumed (gigajoules, GJ) 0.000
Report energy owned and controlled by the organization sold in gigajoules and report the totals for each 8,906,266.000
Electricity sold  (gigajoules, GJ) 8,906,266.000
Heating sold (gigajoules, GJ) 0.000
Cooling sold  (gigajoules, GJ) 0.000
Steam sold (gigajoules, GJ) 0.000
Energy Management - Energas
Total energy consumed in aggregate, in gigajoules (GJ) (hydrocarbons and electricity) including the fuel types used (e.g., biomass, hydro-electric power or bioenergy) -8,113,025.000
In 2024, our Energas operations sold more energy than was consumed by the operations resulting in a negative total energy consumption value.     
Percentage energy consumed that was supplied by grid electricity -9.7774%
Percentage of energy consumed that was renewable energy (does not include purchased grid-mix) 0.0000%
Water - Energas
Reuse and recycle
Total volume of water that has been used in an operational task and is recovered and used again in an operational task, either without treatment (reuse) or with treatment (recycle) (megalitres) 2,677.000
Water Management
Disclose the amount of fresh water that was consumed in its operations (in thousands of cubic meters) 39.084
Analyse and list all operations for water risks and identify activities that withdraw and consume water in locations with High (40–80%) or Extremely High (>80%) Baseline Water Stress as classified by the World Resources Institute’s (WRI) Water Risk Atlas tool, Aqueduct Does not apply. Operations do not interact with water bodies classified as being in High or Extremely High Water Stress locations as defined by the WRI's Water Risk Atlas tool, Aqueduct.
Disclose the fresh water withdrawn in locations with High or Extremely High Baseline Water Stress as a percentage of the total water withdrawn Does Not Apply
Disclose water withdrawn in locations with High or Extremely High Baseline Water Stress (in thousands of cubic meters) 0.000
Disclose fresh water consumed in locations with High or Extremely High Baseline Water Stress as a percentage of the total water consumed 0.0000%
Total water consumed in locations with high or extremely high baseline water stress (in thousands of cubic meters) 0.000
Was your organization subject to any fines, enforcement orders, and/or other penalties for water-related regulatory violations No
Total number of incidents of non-compliance associated with water quality permits, standards, and regulations, including violations of a technology-based standard and exceedances of quality-based standards (note: only those that resulted in a formal enforcement
action(s))		 0
Total number of violations - continuous discharges, limitations, standards, and prohibitions that are generally expressed as maximum daily, weekly average, and monthly average (regardless of their measurement methodology or frequency) 0
Total number of violations - non-continuous discharges and limitations that are generally expressed in terms of frequency, total mass, maximum rate of discharge, and mass or concentration of specified pollutants (regardless of their measurement methodology or frequency) 0
Total number of violations - other, please specify 0
Water and Effluents - Energas
Water Withdrawal by Segment
Total water withdrawn by segment, in megalitres (ML) 2,672.900
Surface water (total in ML) 0.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Groundwater (total in ML) 63.900
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 3.900
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 60.000
Seawater (total in ML) 2,448.000
Produced water (total in ML)
 0.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Third-party water (total in ML)
 161.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 161.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Report on the total water withdrawal from all areas with water stress in megalitres (ML), and a breakdown of this total by the following sources 0.000
Surface water (total in ML)
 0.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Groundwater (total in ML) 0.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Seawater (total in ML) 0.000
Water Consumption
Report the total water consumption from all areas in megalitres 39.084
Report the total water consumption from all areas with water stress in megalitres 0.000
Water Discharge
Report the total water discharge to all areas (in megalitres) 2,246.000
Surface water 0.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Groundwater
 165.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 165.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Seawater 2,081.000
Waste - Energas
Waste Generation and Significant Waste-Related Impacts
Report the total amounts of waste generated of the following and associated risks (tonnes) 0.000
There are no tailings facilities, and therefore no tailings-related waste produced, at any of the Energas sites.
Overburden amount (tonnes) 0.000
Rock amount (tonnes) 0.000
Tailings amount (tonnes) 0.000
Waste Generated
Report the total weight of waste generated (tonnes) 440.000
Total waste composition breakdown - Organization's own activities (tonnes) 440.000
Type of waste
Hazardous waste (tonnes) 115.600
Non-Hazardous waste (tonnes) 324.400
Waste Diverted from Disposal
Total weight of waste diverted from disposal (tonnes) 323.2
Total weight of hazardous waste diverted from disposal (tonnes), and a breakdown of this total by the following recovery operations 0
Preparation for reuse (total, tonnes) 0
Preparation for reuse - Onsite 0
Preparation for reuse - Offsite 0
Recycling (total, tonnes) 0
Recycling - Onsite 0
Recycling - Offsite 0
Other recovery operations (total, tonnes) 0
Other recovery operations - Onsite 0
Other recovery operations - Offsite 0
Report the total weight of non-hazardous waste diverted from disposal (tonnes), and a breakdown of this total by the following recovery operations 323.2
Preparation for reuse (total, tonnes) 0
Preparation for reuse - Onsite 0
Preparation for reuse - Offsite 0
Recycling (total, tonnes) 323.2
Recycling - Onsite 0
Recycling - Offsite 323.2
Other recovery operations (total, tonnes) 0
Other recovery operations - Onsite 0
Other recovery operations - Offsite 0
Waste Directed to Disposal
Report the total weight of waste directed to disposal (tonnes) 116.8
Total weight of hazardous waste directed to disposal (tonnes), and a breakdown of this total by the following recovery operations 115.6
Incineration (with energy recovery), (tonnes) 0
Incineration (with energy recovery) - Onsite 0
Incineration (with energy recovery) - Offsite 0
Incineration (without energy recovery), (tonnes) 0
Incineration (without energy recovery) - Onsite 0
Incineration (without energy recovery) - Offsite 0
Landfilling (total, tonnes) 115.6
Landfilling - Onsite 0
Landfilling - Offsite 115.6
Other recovery operations (total, tonnes) 0
Other recovery operations - Onsite 0
Other recovery operations - Offsite 0
Report the total weight of non-hazardous waste directed to disposal (tonnes), and a breakdown of this total by the following recovery operations 1.2
Incineration (with energy recovery), (tonnes) 0
Incineration (with energy recovery) - Onsite 0
Incineration (with energy recovery) - Offsite 0
Incineration (without energy recovery), (tonnes) 0
Incineration (without energy recovery) - Onsite 0
Incineration (without energy recovery) - Offsite 0
Landfilling (total, tonnes) 1.2
Landfilling - Onsite 0
Landfilling - Offsite 1.2
Other disposal operations (total, tonnes) 0
Other disposal operations - Onsite 0
Other disposal operations - Offsite 0
Waste Management - Energas
Disclose the total weight of tailings produced (tonnes) 0.000
Disclose the total amount of waste rock generated (tonnes) 0.000
Disclose the total amount of overburden removed (tonnes) 0.000
There are no tailings facilities, and therefore no tailings-related waste produced, at any of the Energas sites.
Biodiversity - Energas
Impacts
Amount of land (owned or leased, and managed for production activities or extractive use) disturbed or rehabilitated (hectares):
Total land disturbed and not yet rehabilitated (A: opening balance) 33.840
Total amount of land newly disturbed within the reporting period (B) 0.000
Total amount of land newly rehabilitated within the reporting period to the agreed end use (C) 0.000
Total land disturbed and not yet rehabilitated (D= A+B-C; closing balance) 33.840
Social
Scale of the Organization - Energas
Direct Employee Information
Total number of permanent employees (full-time & part-time) 42
Permanent employees - Male 28
Permanent employees - Female 14
Total number of temporary employees (full-time & part-time) 21
Temporary employees - Male 20
Temporary employees - Female 1
Total number of direct employees (includes full-time permanent, part-time permanent, temporary; exclude workers who are not employees) 63
Direct employees - Male 48
Direct employees - Female 15
Workers Who are Not Employees
Total number of workers who are not employees - Male (full-time, part-time) 347
Total number of workers who are not employees - Female (full-time, part-time) 45
Total number of workers who are not employees and whose work is controlled by the organization (e.g., suppliers, customers, or other business partners, such as in joint
ventures)		 392
The Cuban workforce is supplied by two state employment contractors. All contractors are under Sherritt and its partners' duty of care, but Cuban nationals are not hired directly by Sherritt.
Total Workforce
Total workforce (includes direct employees and workers who are not employees) 455
Total female workforce 60
Female workforce as percentage of total employed workforce 13.1868%
Total male workforce 395
Male workforce as percentage of total employed workforce 86.8132%
Workers who are not employees (contractors) as percentage of total employed workforce 86.1538%
Employment - Energas
Turnover & Gender Breakdown
Female direct employees:
Total number of turnover (the number of females that left during the period) 0
Male direct employees:
Total number of turnover (the number of males that left during the period) 6
Report the total number and rate of turnover for all Direct Employees:
Total number of turnover (the number that left during the period) 6
Voluntary Turnover - direct employees:
Total number of turnover (the number that left voluntarily during the period) 5
Involuntary Turnover - direct employees:
Total number of turnover (the number that left involuntarily during the period) 1
Turnover & Age Breakdown
Direct Employees aged 30 years old and under:
Total number of turnover (the number that left during the period) 1
Direct Employees aged between 30 and 50 years old:
Total number of turnover (the number that left during the period) 4
Direct Employees over 50 years old:
Total number of turnover (the number that left during the period) 1
Identify types of employees captured in the turnover rate calculations All employees on the payroll
New Hires and Rate of Hire
Total number and rate of new hires: All direct employees
Total hires during the reporting period 9
Rate of hire 14.2857%
Total number and rate of new hires: Direct Female employees
Total female hires during the reporting period 1
Females as percent of total new hires 11.1111%
Total number and rate of new hires: Direct Male employees
Total males hires during the reporting period 8
Males as percent of total new hires 88.8889%
Total number and rate of new hires: Direct Employees aged 30 years old and under
Total hires during the reporting period (30 yr. and under) 1
30 yr. and under as percent of total new hires 11.1111%
Total number and rate of new hires: Direct Employees aged between 30 and 50 years old
Total hires during the reporting period (30-50 yrs.) 5
30-50 yrs. as percent of total new hires 55.5556%
Total number and rate of new hires: Direct Employees over 50 years old
Total hires during the reporting period (50+ yrs.) 3
 50+ yrs. as percent of total new hires 33.3333%
Occupational Health and Safety - Energas
Work-related Injuries
Injuries - direct employees:
Number of fatalities as a result of work-related injury 0
Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours worked 0.000
Number of high-consequence work-related injuries (excluding fatalities) 0
Rate of high-consequence work-related injuries (excluding fatalities) 0.000
Number of recordable work-related injuries 29
Total recordable work-related injuries rate 7.695
Number of hours worked 753,698
Lost Time Injuries (LTIs) 29
Lost Time Injury Rate (LTIR) 7.695
Fatality rate for work-related fatalities - direct employees 0.000
Number of fatalities - direct employees 0
Injuries - workers who are not employees, but whose work and/or workplace is controlled by the organization:
Number of fatalities as a result of work-related injury 0
Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours worked 0.000
Number of high-consequence work-related injuries (excluding fatalities) 0
Rate of high-consequence work-related injuries (excluding fatalities) 0.000
Number of recordable work-related injuries 2
Total recordable work-related injuries rate 1.975
Number of hours worked 202,527
Lost Time Injuries (LTIs) 2
Lost Time Injury Rate (LTIR) 1.975
Fatality rate for work-related fatalities - workers who are not employees 0.000
Number of fatalities - workers who are not employees 0
Combined (Employees and non-employees, but controlled by the organization):
Total Hours Worked 956,225
Total number of all recordable work-related injuries 31
Total recordable work-related injuries rate 6.484
Total Lost Time Injuries (LTIs) 31
Lost Time Injury Rate (LTIR) 6.484
Fatality rate for work-related fatalities - Combined (Employees and non-employees, but controlled by the organization) 0.000
Number of fatalities - Combined (Employees and non-employees, but controlled by the organization) 0
Have rates been calculated based on 200,000 or 1,000,000 hours worked 200,000 hours worked
Were any workers excluded from this disclosure No
Child Labour - Energas
Operations and Suppliers At Risk
Are there operations or suppliers considered to have significant risk for incidents of child labour No
Forced or Compulsory Labour - Energas
Operations and Suppliers At Risk
Operations considered to have significant risk for incidents of forced or compulsory labor either in terms of type of operation, or countries or geographic areas with operations considered at risk Does not apply.
Countries or geographic areas with operations considered at risk None
Suppliers considered to have significant risk for incidents of child labor either in terms of type of supplier, or countries or geographic areas with suppliers considered at risk Does not apply.
Countries or geographic areas with suppliers considered at risk None
Measures taken by the organization in the reporting period intended to contribute to the elimination of all forms of forced or compulsory labour In 2015, Cuba ratified the International Labour Organization's Worst Forms of Child Labour Convention, which calls for the prohibition and elimination of the worst forms of child labour, including slavery, trafficking, the use of children in armed conflict, the use of a child for prostitution, pornography and illicit activities (such as drug trafficking) as well as hazardous work. Cuban legislation prohibits child labour and establishes 17 years old as the minimum age of employment. Sherritt has also established a Human Rights Policy that stipulates a strict prohibition of any use of child labour in its own operations or supply chain.
Local Communities - Energas
Operations with Local Community
Have the operations included the use of the following:
Social impact assessments, including gender impact assessments, based on participatory processes No
Environmental impact assessments and ongoing monitoring Yes
Public disclosure of results of environmental and social impact assessments Yes
Local community development programs based on local communities’ needs Yes
Stakeholder engagement plans based on stakeholder mapping No
Broad based local community consultation committees and processes that include vulnerable groups No
Works councils, occupational health and safety committees and other worker representation bodies to deal with impacts Yes
Formal local community grievance processes Yes
Significant disputes relating to land use, customary rights of local communities and indigenous peoples Does not apply.
Number of significant disputes relating to land use, customary rights of local communities and indigenous peoples 0
Description of significant disputes relating to land use, customary rights of local communities and indigenous peoples Does not apply.
The extent to which grievance mechanisms were used to resolve disputes relating to land use, customary rights of local communities and indigenous peoples, as well as the outcomes Does not apply.
Governance
Security Practices - Energas
Policy and Procedure Training
Report the percentage of security personnel (direct employees and workers who are not employees) who have received formal training in the organization’s human rights policies or specific procedures and their application to security 0.0000%
Do training requirements also apply to third-party organizations providing security personnel Yes
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