Sherritt International Corporation - Metals
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 - Metals
Scope 1
The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonnes) 911,118.272
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) 2024 Scope 1 emissions for the Metals business, which is inclusive of the Fort Site and Moa Nickel, remained within historical range. There were no material changes in activities or operations from previous years.
Scope 2
The total amount of gross location based global Scope 2 GHG emissions (tonnes CO₂-e) 115,729.157
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) 2024 Scope 2 emissions for the Metals business, which is inclusive of the Fort Site and Moa Nickel, remained within historical range. There were no material changes in activities or operations from previous years.
Air Emissions - Metals
Emissions of air pollutants that are released into the atmosphere - carbon monoxide, reported as CO (tonnes) 221.720
Emissions of air pollutants that are released into the atmosphere - oxides of nitrogen (NOx), reported as NOx (tonnes) 2,712.560
Emissions of air pollutants that are released into the atmosphere - oxides of sulphur (SOx), reported as SOx (tonnes) 14,450.950
Emissions of air pollutants that are released into the atmosphere - Particulate Matter 10 micrometres or less in diameter (PM₁₀), reported as PM₁₀  (tonnes)
 95.300
Emissions of air pollutants that are released into the atmosphere - lead and lead compounds, reported as Pb (tonnes) 0.000
Emissions of air pollutants that are released into the atmosphere - mercury and mercury compounds, reported as Hg (tonnes) 0.000
Emissions of air pollutants that are released into the atmosphere - non-methane Volatile Organic Compounds (VOCs)  (tonnes) 10.280
Energy - Metals
Energy Consumption
Total energy consumption within the organization (gigajoules, GJ) 20,014,000.890
Report the energy owned and controlled by the organization consumed in gigajoules for the following 20,087,526.940
Electricity purchased/generated for consumption (gigajoules, GJ) 913,168.600
Heating purchased/generated for consumption (gigajoules, GJ) 7,892,630.540
Cooling purchased/generated for consumption (gigajoules, GJ) 0.000
Steam purchased/generated for consumption (gigajoules, GJ) 6,736,753.490
Renewable fuel consumed (gigajoules, GJ) 0.000
Report energy owned and controlled by the organization sold in gigajoules and report the totals for each 73,526.050
Electricity sold  (gigajoules, GJ) 0.000
Heating sold (gigajoules, GJ) 0.000
Cooling sold  (gigajoules, GJ) 0.000
Steam sold (gigajoules, GJ) 73,526.050
Energy Management - Metals
Total energy consumed in aggregate, in gigajoules (GJ) (hydrocarbons and electricity) including the fuel types used (e.g., biomass, hydro-electric power or bioenergy) 15,552,899.000
Percentage energy consumed that was supplied by grid electricity 5.8714%
Percentage of energy consumed that was renewable energy (does not include purchased grid-mix) 0.0017%
Water - Metals
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) 6,134.110
Water Management
Disclose the amount of fresh water that was consumed in its operations (in thousands of cubic meters) 17,236.140
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 The Moa Nickel site does not interact with water bodies classified as being in High or Extremely High Water Stress locations as defined by the WRI Water Risk Atlas tool, Aqueduct.

At the Fort Site, in 2024, due to drought conditions in the region, the North Saskatchewan River was classified with High Water Stress. Raw water is withdrawn from the North Saskatchewan River by the Fort Site for various onsite uses, such as process water, cooling water, fire water, and boiler feed water. Water withdrawal by the Fort Site is permitted and within Licence parameters.
Disclose water withdrawn in locations with High or Extremely High Baseline Water Stress (in thousands of cubic meters) 2,610.700
Total water consumed in locations with high or extremely high baseline water stress (in thousands of cubic meters) 1,536.140
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 - Metals
Water Withdrawal by Segment
Total water withdrawn by segment, in megalitres (ML) 18,760.850
Surface water (total in ML) 18,199.870
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 18,199.870
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Groundwater (total in ML) 14.150
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 14.150
Seawater (total in ML) 0.000
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)
 546.830
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 546.830
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 2,514.020
Surface water (total in ML)
 2,499.870
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 2,499.870
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Groundwater (total in ML) 14.150
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 14.150
Seawater (total in ML) 0.000
Water Consumption
Report the total water consumption from all areas in megalitres 17,236.140
Report the total water consumption from all areas with water stress in megalitres 1,536.140
Water Discharge
Report the total water discharge to all areas (in megalitres) 1,074.560
Surface water 1,074.560
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 1,074.560
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Groundwater
 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 0.000
Waste - Metals
Waste Generation and Significant Waste-Related Impacts
Report the total amounts of waste generated of the following and associated risks (tonnes) 4,775,332.000
Within the Metals business, there are no tailings facilities at the Fort Site.
Overburden amount (tonnes) 1,305,614.000
Rock amount (tonnes) 340,219.000
Tailings amount (tonnes) 3,129,499.000
Waste Generated
Report the total weight of waste generated (tonnes) 3,539.970
Total waste composition breakdown - Organization's own activities (tonnes) 3,539.970
Type of waste
Hazardous waste (tonnes) 1,921.150
Non-Hazardous waste (tonnes) 1,618.820
Waste Diverted from Disposal
Total weight of waste diverted from disposal (tonnes) 774.49
Total weight of hazardous waste diverted from disposal (tonnes), and a breakdown of this total by the following recovery operations 2.65
Preparation for reuse (total, tonnes) 0
Preparation for reuse - Onsite 0
Preparation for reuse - Offsite 0
Recycling (total, tonnes) 0.4
Recycling - Onsite 0
Recycling - Offsite 0.4
Other recovery operations (total, tonnes) 2.25
Other recovery operations - Onsite 0
Other recovery operations - Offsite 2.25
Report the total weight of non-hazardous waste diverted from disposal (tonnes), and a breakdown of this total by the following recovery operations 771.84
Preparation for reuse (total, tonnes) 0
Preparation for reuse - Onsite 0
Preparation for reuse - Offsite 0
Recycling (total, tonnes) 771.84
Recycling - Onsite 0
Recycling - Offsite 771.84
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) 3,169.75
Total weight of hazardous waste directed to disposal (tonnes), and a breakdown of this total by the following recovery operations 1,920.93
Incineration (with energy recovery), (tonnes) 0
Incineration (with energy recovery) - Onsite 0
Incineration (with energy recovery) - Offsite 0
Incineration (without energy recovery), (tonnes) 1
Incineration (without energy recovery) - Onsite 0
Incineration (without energy recovery) - Offsite 1
Landfilling (total, tonnes) 1,917.68
Landfilling - Onsite 0
Landfilling - Offsite 1,917.68
Other recovery operations (total, tonnes) 2.25
Other recovery operations - Onsite 0
Other recovery operations - Offsite 2.25
Report the total weight of non-hazardous waste directed to disposal (tonnes), and a breakdown of this total by the following recovery operations 1,248.82
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) 1,248.82
Landfilling - Onsite 0
Landfilling - Offsite 1,248.82
Other disposal operations (total, tonnes) 0
Other disposal operations - Onsite 0
Other disposal operations - Offsite 0
Waste Management - Metals
Disclose the total weight of tailings produced (tonnes) 3,129,499.000
Disclose the total amount of waste rock generated (tonnes) 340,219.000
Disclose the total amount of overburden removed (tonnes) 1,305,614.000
Within the Metals business, there are no tailings facilities at the Fort Site.
Tailings Storage Facilities Management
Does your company manage Tailings Storage Facilities Yes
Within the Metals business there are only tailings facilities at the Moa Nickel Site.
Provide an inventory of all tailings storage facilities (TSFs):
TSF #1: (1) Facility name Acid Leach Tailings Facility
TSF #1: (2) Location Cuba
TSF #1: (3) Ownership status Moa Joint Venture
TSF #1: (4) Operational status Care and maintenance
TSF #1: (5) Construction method upstream
TSF #1: (6) Maximum permitted storage capacity (tonnes) 53,700,000.000
TSF #1: (7) Current amount of tailings stored (tonnes) 53,700,000.000
TSF #1: (8) Consequence classification Significant
TSF #1: (9) Date of most recent independent technical review 2024-12-05
TSF #1: (12) Site-specific EPRP Yes
TSF #2: (1) Facility name North Extension
TSF #2: (2) Location Cuba
TSF #2: (3) Ownership status Moa Joint Venture
TSF #2: (4) Operational status Care and maintenance
TSF #2: (5) Construction method upstream
TSF #2: (6) Maximum permitted storage capacity (tonnes) 13,070,137.000
TSF #2: (7) Current amount of tailings stored (tonnes) 13,070,137.000
TSF #2: (8) Consequence classification Significant
TSF #2: (9) Date of most recent independent technical review 2024-12-05
TSF #2: (12) Site-specific EPRP Yes
TSF #3: (1) Facility name Area 22
TSF #3: (2) Location Cuba
TSF #3: (3) Ownership status Moa Joint Venture
TSF #3: (4) Operational status Operating
TSF #3: (5) Construction method centreline
TSF #3: (6) Maximum permitted storage capacity (tonnes) 19,185,127.000
TSF #3: (7) Current amount of tailings stored (tonnes) 12,779,729.000
TSF #3: (8) Consequence classification Significant
TSF #3: (9) Date of most recent independent technical review 2024-12-05
TSF #3: (12) Site-specific EPRP Yes
Provide a summary of the tailings management systems used to monitor and maintain the structural integrity of tailings facilities and to minimize the risk of a catastrophic failure Piezometer readings, settlement monuments, and other technologies are used to monitor tailings dams, abutments, natural slopes and water levels.
Provide summary of tailings management systems and governance structure used to monitor and maintain the stability of tailings storage facilities The tailings management systems and governance structure used to monitor and maintain the stability of tailings storage facilities are summarized in Sherritt's 2024 Tailings Management Report. Each TSF is monitored regularly by the tailings management teams and Engineer of Record for safety and stability. Instrumentation such as piezometers and settlement monuments are reviewed as part of those assessments.
Disclose the approach to the development of Emergency Preparedness and Response Plans (EPRPs) Emergency Preparedness and Response Plans (EPRPs) are developed along with the Operations Maintenance and Surveillance (OMS) manual every two years or when a major facility change occurs. EPRPs are prepared by the Engineer on Record and the Tailings Dam Team. The initial draft is sent for peer revision and the final version is sent to Moa Nickel Directors and Sub-Directors for revision and commentaries. Finally, this document is sent to local authorities for approval.

The EPRP is currently being updating by GEOCUBA and Moa Nickel. The update includes the fourth stage of A22. The surrounding population will be informed and trained on the new actions. In addition, a new alarm system will be installed in the future.
Disclose the company's approach to engagement concerning  Emergency Preparedness and Response Plans (EPRPs) at tailings storage facilities, including the preparedness of local stakeholders EPRPs and the OMS are designed to account for the close proximity between the tailings facilities and the surrounding community of La Veguita. Two major safety campaigns are implemented annually to engage the local population and warn them of the potential risk of living near tailings facilities. Tailings dam personnel are also trained in these areas throughout the year and during their safety inductions and training.
Biodiversity - Metals
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) 1,054.590
Total amount of land newly disturbed within the reporting period (B) 58.750
Total amount of land newly rehabilitated within the reporting period to the agreed end use (C) 40.000
Total land disturbed and not yet rehabilitated (D= A+B-C; closing balance) 1,073.340
Social
Scale of the Organization - Metals
Direct Employee Information
Total number of permanent employees (full-time & part-time) 641
Permanent employees - Male 509
Permanent employees - Female 130
Permanent employees -Non-binary 2
Total number of temporary employees (full-time & part-time) 15
Temporary employees - Male 13
Temporary employees - Female 2
Total number of direct employees (includes full-time permanent, part-time permanent, temporary; exclude workers who are not employees) 656
Direct employees - Male 522
Direct employees - Female 132
Direct employees - Non-binary 2
Workers Who are Not Employees
Total number of workers who are not employees - Male (full-time, part-time) 2,008
Total number of workers who are not employees - Female (full-time, part-time) 190
Total number of workers who are not employees - Gender not disclosed (full-time, part-time) 14
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)		 2,212
2198 of the total workers who are not employees are based in Cuba at Moa Nickel. 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) 2,868
Total female workforce 322
Female workforce as percentage of total employed workforce 11.2273%
Total male workforce 2,530
Male workforce as percentage of total employed workforce 88.2148%
Total non-binary workforce 2
Non-binary workforce as percentage of total employed workforce 0.2985%
Total workforce with gender not disclosed 14
Workforce with gender not disclosed as percentage of total employed workforce 2.0896%
Workers who are not employees (contractors) as percentage of total employed workforce 77.1269%
Employment - Metals
Turnover & Gender Breakdown
Female direct employees:
Total number of turnover (the number of females that left during the period) 46
Male direct employees:
Total number of turnover (the number of males that left during the period) 120
Non-binary direct employees:
Total number of turnover (the number non-binary that left during the period) 0
Report the total number and rate of turnover for all Direct Employees:
Total number of turnover (the number that left during the period) 166
Voluntary Turnover - direct employees:
Total number of turnover (the number that left voluntarily during the period) 95
Involuntary Turnover - direct employees:
Total number of turnover (the number that left involuntarily during the period) 71
Turnover & Age Breakdown
Direct Employees aged 30 years old and under:
Total number of turnover (the number that left during the period) 28
Direct Employees aged between 30 and 50 years old:
Total number of turnover (the number that left during the period) 81
Direct Employees over 50 years old:
Total number of turnover (the number that left during the period) 57
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 55
Rate of hire 8.3841%
Total number and rate of new hires: Direct Female employees
Total female hires during the reporting period 10
Females as percent of total new hires 18.1818%
Total number and rate of new hires: Direct Male employees
Total males hires during the reporting period 45
Males as percent of total new hires 81.8182%
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) 21
30 yr. and under as percent of total new hires 38.1818%
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.) 21
30-50 yrs. as percent of total new hires 38.1818%
Total number and rate of new hires: Direct Employees over 50 years old
Total hires during the reporting period (50+ yrs.) 13
 50+ yrs. as percent of total new hires 23.6364%
Occupational Health and Safety - Metals
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 16
Total recordable work-related injuries rate 0.561
Number of hours worked 5,699,475
Lost Time Injuries (LTIs) 11
Lost Time Injury Rate (LTIR) 0.386
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 7
Total recordable work-related injuries rate 0.900
Number of hours worked 1,554,737
Lost Time Injuries (LTIs) 3
Lost Time Injury Rate (LTIR) 0.386
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 7,254,212
Total number of all recordable work-related injuries 23
Total recordable work-related injuries rate 0.634
Total Lost Time Injuries (LTIs) 14
Lost Time Injury Rate (LTIR) 0.386
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 - Metals
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 - Metals
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
Local Communities - Metals
Operations with Local Community
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.
Community Relations - Metals
Artisanal and Small-Scale Mining (ASM)
List the mine sites where ASM occurs on or in close proximity to the site None.
Report the total number and nature of incidents involving ASM and actions taken to address them 0 incidents.
Number of company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site (not controlled by company/unauthorized) 0
Percentage of company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site 0.0000%
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