Endeavour Publishes 2022 Sustainability Report
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NEWS RELEASE – LSE & TSX: EDV
ENDEAVOUR PUBLISHES 2022 SUSTAINABILITY REPORT
HIGHLIGHTS
• Significant measurable benefits to Endeavour’s host countries:
› $1.9 billion of total economic contribution to host countries in 2022
› 81% of total procurement in-country, supporting more than 1,600 national and local businesses
› 94% of our employees and 57% of senior operational management are West African
› $23 million spent on social investments, including Endeavour Foundation initiatives, in 2022
• Continued focus on being a responsible gold miner:
› Further reduction in its industry-leading LTIFR of 0.02 incidents per million hours worked
› 640kg CO2/oz emissions intensity for 2022, beating 2022 reduction target of <670kg CO2/oz
› 57% of water reused and recycled and an ambitious target of 70% set for 2023
• Achieved Responsible Gold Mining Principles (“ RGMP”) compliance, following external assurance, at
the Corporate level and for the Ity and Houndé mines
• 2023 ESG targets, including safety, diversity and climate change, represent 30% of executive short-term
and 15% of long-term incentive compensation
London, 16 May 2023 – Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“Endeavour”, the “Group” or the
“Company”) is pleased to announce the publication of its 202 2 Sustainability Report (“the Report”) with key
environmental, social and governance (“ESG”) highlights presented in Table 1 below. The Report and the ESG data
centre are available at www.endeavourmining.com/esg/esg-reporting.
Table 1: Sustainability Highlights
(1) Lost Time Injury Frequency Rate (LTIFR) = (Number of LTIs in the Period X 1,000,000) / (Total man hours worked for the period)
Sebastien de Montessus, President and CEO, commented: “In 2022, we continued to make significant progress on our
ESG strategy, which was formulated a few years ago following extensive consultation with a range of stakeholders ,
and is guided by the aims of the United Nations Sustainable Development Goals. Moreover, we were pleased with the
recognition that our efforts have received from outside the company, with sector leading ratings, reflecting the positive
impact our business can have in the regions where we operate.
In 2022 our total economic co ntribution to host countries amounted to over $ 1.9 billion, comprised of local
procurement, salaries, taxes, royalties, dividends and other contributions to governments. In addition, to further
contribute to the socio -economic development of the region, we invested significantly in local initiatives to improve
access to water, education and health facilities within our local communities and across the region.
Many of our ESG initiatives are carried out through the Endeavour Foundation, which we established to implement
projects beyond our mines and are focused at the regional, national and trans-border level. During 2022, we launched
FY-2022 FY-2021 Variance
Operating performance from continuing operations
Gold production, koz 1,400 1,436 (3)%
AISC, $/oz 928 864 +7%
LTIFR1 0.02 0.20 (90)%
Environmental performance from continuing operations
Energy intensity, GJ/oz of gold produced 7.48 7.28 3%
Emissions intensity (Scope1+2), tCO2-e/oz of gold produced 0.64 0.54 +19%
Social and Economic Contributions
National Employees, % of total employees 94% 95% (1)pp
West African Nationals in Senior Management positions, % 57% 55% +2pp
Procurement spend in-country, % 81% 80% +1pp
Total economic contribution to host countries, $m 1,930 2,044 (6)%
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a number of initiatives, ranging from an investment in The Great Green Wall, which has the ambition to plant a wall of
trees across the Sahel, in partnership with the Senegalese Agency for Reforestation and the Great Green Wall ,
education projects to develop the future pipeline of talent, funding scholarships, university placements and bursaries,
as well as vocational training for young people to improve their employability and opportunities in life.
As a responsible miner, we have continued to tackle climate change as we seek to meet our 2030 target of a 30%
reduction in our carbon emissions intensity and Net Zero by 2050. For 2022, we set our first annual carbon emissions
intensity target, which I’m pleased to report we beat. We also continued to progress a number of our decarbonisation
initiatives, including connecting our Mana mine to the national grid and advancing the analysis for renewable solar
projects at our Houndé and Sabodala-Massawa operations. Importantly, these initiatives have the dual benefit of
optimising processes, thereby reducing costs, and improving our efficiencies, which further enhances the resilience of
our business.
Looking ahead, we continue to ensure we drive the right type of behaviour across our business. As such, for 2023, ESG
performance targets will account for 30% of the short -term incentive plan for the Group, as well as 15% of our long -
term incentive plan. These weightings include measurement against targets for factors such as health and safety,
carbon emissions reduction, and diversity and inclusion.”
The 2022 Sustainability Report has been prepared in accordance with the Global Reporting Initiative (“GRI”)
Sustainability Reporting Standards (2021) including the Mining and Metals Sector Supplement. The report is also
aligned with the Sustainability Accounting Standards Board (“SASB”) requirements, Task Force for Climate Related
Financial Disclosures (“TCFD”), and the Local Procurement Reporting Mech anism (“LPRM”). It has been externally
assured against key ESG performance indicators for both GRI and SASB.
Endeavour is also pleased to confirm that it has received external assurance for its compliance with the World Gold
Council’s (“WGC”) Responsible Gold Mining Principles (“ RGMPs”) at the corporate level, and for its Ity and Houndé
mines, in line with the WGC’s timeline.
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2022 ESG PERFORMANCE
2022 was a strong year for Endeavour’s ESG activities with important milestones achieved across the Company’s
operations and in its engagement with host communities and countries, as shown in Table 2 below.
Table 2: 2022 ESG Scorecard
TOPIC TARGET COMMENTARY
ENVIRONMENT
Climate Change Emissions intensity <670 kg CO2-e/oz. Achieved. Reported an emissions intensity of 640 kg CO2-
e/oz.
Water
Set a Group water target in 2022. Achieved. Target is to recycle and reuse an average of 70%
water across the Group in 2023.
Biodiversity
Protection of 600 hectares of land across all
the Group’s tenements.
Achieved. A total of 1,837 hectares was protected.
Preservation of 10 hectares per mine for land
and biodiversity restoration.
Ongoing. Achieved 50% of our target, with a total of 30
hectares preserved.
Plastic Waste
Elimination of single use plastic water bottles
at all our operations by 2023.
In progress. Completed a baseline assessment in 2022 and
will roll out the strategy in 2023. The 2023 target has been
realigned to 2025 due to the complexity of some remote
sites.
Study a potential plastic valorisation project. Achieved. Identified a Burkinabe recycling company at the
Houndé mine.
Social
Employee
Development
Develop leadership training programme for
employees in management positions.
Achieved. The Management Development Programme was
enhanced and revitalised.
Education
Develop a national strategy and programme
for youth employability in each country of
operation.
In progress. Youth vocational training programmes
developed for the Mana and Lafigué assets. In 2023, they
will be developed for the other five mines.
Increase annual intake of interns by 20%. Achieved. 43% increase to 504 interns from 352.
Expand the ‘Elites de Demain’ programme in
Senegal and Côte d’Ivoire.
Achieved. Two students each from Cote d’Ivoire and
Senegal have joined the programme.
Community
Engagement
Conduct a baseline assessment of the
infrastructure and amenities for water and
electricity around the Group’s mines.
This will be undertaken in 2023.
Procurement
75% in-country procurement. Achieved. 81% of the Group’s procurement was sourced in
the Group’s host countries.
Define a Local Content Strategy. Achieved. Currently being rolled out across the Group.
Develop a Local Procurement Plan for each
mine.
Achieved. Being implemented during 2023.
Economic
Development
Identify a new ECODEV business prospect to
advance to feasibility stage.
Achieved. A turkey breeding project at the Lafigué project
has been identified and is progressing to feasibility study.
GOVERNANCE
Zero Harm &
Employee
Wellbeing
Zero fatalities. Unfortunately, the Group reported one fatality in the year
during a blasting incident at the Ity mine.
Reduce TRIFR by <5% year on year. Achieved. Reported a 49% decrease year on year to 0.87.
Diversity &
Inclusion
Implementation of the Women
Empowerment Principles across our
business.
In progress. During the year various initiatives undertaken,
including a Women’s Transformation Day and a conference
on leadership for senior female colleagues.
Establish a Diversity Steering Committee. In progress. With the appointment of a new EVP HR, this
will be implemented in 2023 as part of the broader
diversity strategy.
Ethical Business
Publish first externally assured Conflict Free
Gold Standard Report.
Achieved. Available on Endeavour’s website.
Publish first standalone Tax and Economic
Contribution Report.
Achieved. Available on Endeavour’s website.
(
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ENVIRONMENT
Endeavour has a ‘Zero Harm’ approach to environmental management, which is underpinned by its Environmental ,
Biodiversity and Energy Management policies. In 2022, the Group reported no significant environmental incidents or
significant incidents involving cyanide.
Emissions and Energy
Energy is a critical input for mining operations. It is also a significant business cost and a major source of Endeavour’s
GHG emissions. Working to improve the efficiency of its operations, reduce energy use and associated costs, and lower
emissions are key drivers of the long-term sustainability of the Group. During 2022, Endeavour continued its progress
towards its emissions targets with significant progress achieved:
› Endeavour achieved its FY -2022 emissions intensity target (total Scope 1 and 2) of less than 670kg CO2-e/oz,
reporting 640kg CO2-e/oz for the year, advancing on the pathway towards its 30% reduction by 2030 target. The
Group’s 2023 emissions intensity target is to report less than 640kg CO2-e/oz of gold produced.
› As shown in Table 3 below, Endeavour’s emissions intensity increased by 19% in 2022 to 0.64 tCO2-e/oz of gold
produced, predominantly due to lower production volumes. Endeavour’s overall carbon footprint in 202 2
comprised of 58% for Scope 1 emissions ( amounting to 749ktCO2-e), 10% for Scope 2 emissions ( amounting to
136ktCO2-e) and 32% for Scope 3 emissions (amounting to 415ktCO2-e).
Table 3: Emissions Performance by mine1
FY-2022 FY-2021 Variance (%)
Aggregate Emissions (Scope1+2), ktCO2-e
Houndé 176.8 162.8 +9%
Ity 143.0 117.6 +22%
Mana 109.1 132.9 (18)%
Boungou 77.6 86.0 (10)%
Sabodala-Massawa 226.1 192.8 +17%
Wahgnion 136.8 113.6 +20%
Other (Exploration, Projects, Corporate)2 15.4 1.3 n.a.
Group Total 884.9 807.0 +10%
Emissions Intensity (Scope1+2), tCO2-e/oz
Houndé 0.61 0.55 +11%
Ity 0.46 0.43 +7%
Mana 0.57 0.65 (12)%
Boungou 0.68 0.49 +39%
Sabodala-Massawa 0.64 0.51 +25%
Wahgnion 1.12 0.69 +62%
Group Total 0.64 0.54 +19%
(1) FY-2022 and FY-2021 performance excludes contributions from Karma which was divested in March 2022. FY-2021 performance excludes
contributions from the Agbaou mine which was divested in March 2021, and includes full calendar year consolidation of the Teranga assets,
which were acquired in February 2021.
(2) FY-2021 emissions did not include a measurement of greenfield exploration or growth projects.
› Endeavour’s total Scope 1 and 2 GHG emissions increased by 10% in 2022, compared to 2021, due to an increase
in Scope 2 emissions, which resulted from an increased use of thermal power by the national utility provider in
Burkina Faso, impacting the emissions of purchased electricity in Burkina Faso, specifically for the Houndé mine.
– Houndé: The rise in emissions was largely due to increased Scope 2 emissions driven by increased purchasing
of electricity from the Burkina Faso grid which adopted a higher market-based emission factor.
– Ity: The increase in emissions was due to higher energy consumption related to increased usage of on-site
power generation.
– Mana: The reduction in emissions was due to lower total material movement driven by the downsizing of the
open pit mining fleet as underground mining began to represen t a larger portion of mining operations and
the connection of the processing plant to the national grid.
– Boungou: The reduction in emissions was largely due to lower production volumes.
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– Sabodala-Massawa: The increase in emissions was due to increased haulage distances as greater volumes of
ore was trucked to the processing plant from the Massawa deposit, in addition to higher volumes of material
moved and processed when compared to the prior year.
– Wahgnion: The increase in emissions was due to higher mining rates as more material was moved at higher
strip ratios during the year, in addition to longer haulage distances from the Samavogo pit that was accessed
in the latter half of the year.
– Other: Other emissions increased compared to the prior year due to the collection of emissions associated
with greenfield exploration , which had not previously been included , as well as the addition of emissions
incurred at organic growth projects, such as the Lafigué project.
› For 2022, the Company significantly improved its Scope 3 calculation methodology and expanded its reporting,
resulting in an increase in Scope 3 to 414,641 tCO2-e, compared to 226,883 tCO 2-e in 2021. Purchased Goods &
Services (Category 1) accounted for 45% of the Group’s Scope 3 emissions and Fuel & Energy Related Ac tivities
(Category 3) accounted for 43%.
› As shown in Table 4 below, energy use was 10.0 million GJ for 2022, resulting in an energy intensity of 7.48 GJ per
ounce of gold produced, marking a slight increase of 3% year on year. The decrease in energy use was largely due
to lower energy needs at the Mana mine as the Wona open pit activities were wound down as the mine moved to
underground mining, partially offset by increased energy intensity at Wahgnion, Boungou and Sabodala-Massawa
due to lower production.
Table 4: Energy Performance by mine1
FY-2022 FY-2021 Variance (%)
Total Energy Consumption GJ
Houndé 1,722,770 1,825,431 (6)%
Ity 1,516,540 1,428,339 +6%
Mana 1,254,924 1,857,686 (32)%
Boungou 1,021,392 1,198,567 (15)%
Sabodala-Massawa 2,903,614 2,615,759 +11%
Wahgnion 1,713,416 1,527,433 +12%
Corporate, Projects and Exploration2 206,364 1,582 n.a.
Group Total 10,339,020 10,454,796 (1)%
Energy Intensity, GJ/oz
Houndé 5.93 6.21 (5)%
Ity 4.85 5.25 (8)%
Mana 6.56 9.08 (28)%
Boungou 8.99 6.88 +31%
Sabodala-Massawa 8.25 6.85 +20%
Wahgnion 14.02 9.31 +51%
Group Total 7.48 7.28 3%
(1) FY-2022 and FY-2021 performance excludes contributions from Karma which was divested in March 2022. FY-2021 performance excludes
contributions from the Agbaou mine which was divested in March 2021, and includes full calendar year consolidation of the Teranga assets,
which were acquired in February 2021.
(2) FY-2021 did not include a measurement of energy consumption across Corporate, Projects and Exploration.
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Water Stewardship
Endeavour seeks to maximise water reuse and recycling through closed-circuit configurations, which helps to reduce
overall consumption. To improve the Group’s water stewardship and efficiency rates, Endeavour set its first Group-
wide water target, which aims to recycle and reuse an average of 70% for 2023. Key highlights for the year are listed
below.
› As shown in Table 5 below, the t otal water withdrawal for the Group in 202 2 was 14,198 megalitres (“ML”), an
increase of 50% over 2021 due largely to tailings dam raises at the Wahgnion and Sabodala-Massawa mines, which
prevented drawing from rainfall water that was depos ited onto the tailing facilities, thereby impacting water
recycling rates.
› Total water withdrawal intensity for the Group increased to 0.0105 ML of water per ounce of gold produced, which
was approximately a 70% increase over the prior period due to the previously mentioned impact of the tailings
dam raise, compounded by lower production across the Group.
› Water reused and recycled decreased to 57% in 2022, from 67% in 2021, due to the previously mentioned impact
of tailings raises at the Wahgnion and Sabodala -Massawa mines, preventing access to depos ited water in the
tailings storage facilities.
Table 5: Water Performance by mine1
FY-2022 FY-2021 Variance (%)
Aggregate Water Withdrawal, ML
Houndé 3,406 2,785 +22%
Ity 2,513 1,862 +35%
Mana 1,361 778 +75%
Boungou 1,602 1,148 +40%
Sabodala-Massawa 3,089 1,668 +85%
Wahgnion 2,228 1,253 +78%
Group Total 14,198 9,494 +50%
(1) FY-2022 and FY-2021 performance excludes contributions from Karma which was divested in March 2022. FY-2021 performance excludes
contributions from the Agbaou mine which was divested in March 2021, and includes full calendar year consolidation of the Teranga assets, which
were acquired in February 2021.
Tailings Storage Facilities Management
› All of Endeavour’s operational tailings were audited in 2022 against the ICMC and did not record any significant
incidents involving cyanide during 2022.
› In 2022, 23.5 million tonnes of tailings were produced. All pertinent information on the Group’s tailing storage
facilities is published annually on the Company’s website as part of the Investor Mining and Tailings Safety
Initiative.
Biodiversity
Following the development of the Group’s biodiversity strategy in 2021, Endeavour set its first annual biodiversity
targets in 2022 which was to protect 600 hectares of land across its tenements and to preserve 10 hectares per mine
for land and biodiversity restoration.
› In 2022, 1,837 hectares were successfully protected, comprised of 1,695 hectares at the Sabodala-Massawa mine,
12 hectares at the Ity mine and 130 hectares through the Great Green Wall initiative in Senegal.
› 30 hectares were also restored across the Group’s sites, achieving 50% of the 2022 target, with a 2023 target to
reclaim 60 hectares across the Group.
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SOCIAL AND ECONOMIC BENEFITS
Endeavour has the potential to have a positive impact on the communities and host countries where it operates by
offering a range of socio-economic development opportunities, from employment, upskilling its workforce, supporting
local businesses and community projects such as healthcare, education and economic development.
Supporting Local Economies
Endeavour prioritises in -country suppliers of goods and services as well as the development of domestic
manufacturing and supply chains , which in turn, multiplies the Group’s positive impact on the local, regional and
national economies of host countries, strengthens local businesses and creat es direct and indirect employment
opportunities. The majority of the Group’s supply chain sources key supplies from either in-country or within the West
African region. In addition, Endeavour contributes to national economies through the Group’s significant tax and
royalty payments to host governments , as well as continuing to prioritise investments into host community
development projects.
Key highlights for the year are listed below.
› As shown in Table 6 below, i n 2022, Endeavour’s total economic contribution to host countries, including social
investments, was $1.9 billion, a decrease from $2.0 billion in 2021 due to lower production.
Table 6: Host Country Economic Contribution Indicators1
FY-2022 FY-2021 Variance (%)
National procurement, $m 1,150 1,262 (9)%
Payments to host governments, $m2 533 543 (2)%
Employee wages and benefits, $m 195 164 +19%
Taxes on salaries paid, $m 29 49 (41)%
Total social investments, $m 23 26 (11)%
Total economic contribution to host countries, $m 1,930 2,044 (6)%
(1) FY-2022 performance excludes contributions from Karma which was divested in March 2022. FY-2021 performance includes contributions from
the Karma mine.
(2) Includes taxes, royalties and dividends to government owned non-controlling interests.
The Group’s total procurement for 2022 was $1.4 billion, a decrease from $1.6 billion in 2021 due to the
disposal of the Karma mine in March 2022, resulting in a decrease in in-country procurement from $1.3 billion
in 2021 to $1.1 billion in 2022. In spite of this overall decrease, the Group sourced 81% of its procurement from
host countries during 2022, representing a 1 percentage point increase over 2021.
› Endeavour supported approximately 1,600 national and local businesses in Cote d’Ivoire, Senegal, Burkina Faso
and Guinea in 2022. Procurement from ‘National Owned’ and local impacted community suppliers totalled $388
million and $28 million respectively for 2022.
› Endeavour paid $533 million to host governments in the form of taxes, royalties and dividends, $224 million in
gross employee wages, salaries and benefits and payroll taxes, $688 million in operating costs excluding employee
costs, $23 million in social investments and $5 million in royalties to third parties for the 2022 financial year.
› In 2022, Endeavour invested a total $23 million in social investments, including $16 million contributed to the Local
Development Mining Funds, and $ 7 million invested in a range of community projects, including the Endeavour
Foundation and ECODEV, the Group’s impact investing fund.
Growing Local Talents
Endeavour operates in a number of diverse jurisdictions and recognise s that its operations blend a wide range of
nationalities, cultures and abilities. At the end of 2022, the Group had a total workforce of 14,140 people, a 1%
decrease from 14,258 in 2021, and comprised 5,659 employees and 8,481 contractors.
Key highlights from 2022 are listed below.
› Endeavour’s strong record of employing nationals continued in 2022, with 94% of Endeavour’s workforce from
host countries, marginally lower than 2021.
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› 57% of senior management were West African; comprising 44% nationals, 8% regional West African expatriates,
and 5% from host communities.
› In 2022, 262 national employees were promoted based on newly acquired skills, either gained on the job or
through formal training programmes made available to them. In 2022, 504 young nationals gained valuable job
experience through internships across Endeavour’s sites, a 43% increase over 2021.
› Overall, 9% of employees were women, with 12% of those in management roles and 12% in technical or
supervisory roles.
› At the leadership level, at the end of the year, the Executive Management Committee had 13% female
representation and 27% of direct reports to members of the Executive Management Committee were women.
› In 2023, Endeavour has included a gender diversity target as part of the Group’s 2023 annual bonus, targeting 15%
female new hires, with an upper stretch target of 20%.
Table 7: Employee Diversity Indicators
FY-2022 FY-2021 Variance (%)
National Employees, % of total employees 94 95 (1)pp
Female Employees, % of total employees 9 9 -
Female Employees in technical roles, % of female employees 12 12 -
West African Nationals in Senior Management Positions1, % 57 55 +2pp
(1) Includes regional West African expatriates.
ETHICAL BUSINESS
› In 2022, Endeavour received 17 complaints through the anonymous Whistleblower system and none of them were
related to bribery or corruption.
› The Group had no reported or identified cases of bribery or corruption in 2022, similar to 2021.
› There were no substantiated reports of human rights abuse received in 2022, similar to 2021. Endeavour’s Modern
Slavery Statement is available on its website: www.endeavourmining.com.
2023 OUTLOOK
Endeavour’s targets for 2023 are detailed in Table 8 below.
Table 8: 2023 ESG Targets
TOPIC TARGETS
ENVIRONMENT Climate change Emissions intensity of < 640kg CO2-e/oz.
Water Average of 70% recycled water across the Group.
Biodiversity
Protect 300 hectares of land across Endeavour’s tenements.
Reclaim 60 hectares for land and biodiversity restoration.
Plastic Waste 50% reduction in single use plastic water bottles across all sites.
SOCIAL Economic development Increase procurement spend to 35% for national owned suppliers.
Implement the Local Procurement Plan at each mine.
Community Engagement Reduce time to close out grievances to the Group target of 14 days.
Health Develop a 3-year community health assistance programme.
GOVERNANCE Zero Harm and Employee Well-being
Zero fatalities and reduce TRIFR by at least 5% compared to 2022.
10% reduction in total malaria mine site incidence rates.
Diversity and Inclusion Target 15% female new hires.
Conduct an employee engagement survey.
Ethical Business
RGMP compliance at Endeavour’s remaining mines, as per the WGC timeframe.
Membership of the Voluntary Principles on Security and Human Rights.