Sherritt Publishes its 2017 Sustainability Report
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OR FOR DISSEMINATION IN THE UNITED STATES
Sherritt Publishes its 2017 Sustainability Report
TORONTO, June 12, 2018 – Sherritt International Corporation ("Sherritt") (TSX: S) is pleased
to announce the release of its 2017 sustainability report. It outlines the company’s sustainability
approach and performance for the period between Jan. 1 and Dec. 31, 2017. The report, which
was prepared in accordance with the Global Reporting Initiative’s Standards, is only available
online at sustainability.sherritt.com.
“We have reason to be optimistic about the future. 2017 was marked by a dramatic increase in
the price of cobalt and increasing optimism about nickel. The current financial outlook is better
than we have seen in several years,” said David Pathe, President and Chief Executive Officer.
“The position Sherritt finds itself in today is a testament to the hard work of our employees to
improve safety performance, lower costs, and deliver high quality products. When I think about
a sustainable future, I know Sherritt’s products will have a role to play.”
Within the report, Sherritt reported 2017 performance against the four pillars of its Sustainability
Framework. Some highlights over the year include:
1. Providing a Safe and Rewarding Workplace
Achieved peer-leading safety performance over a three-year period; the total
recordable injury frequency (TRIF) decreased by 33%, while the lost time injury
frequency (LTIF) decreased by 14%
Signed the Catalyst Accord, which calls on companies to increase the average
percentage of women on boards and women in executive positions in corporate
Canada to 30% or more by 2022
2. Operating Ethically
Received zero human rights-related complaints
3. Demonstrating Environmental Responsibility
Recorded zero high-severity environmental incidents
Achieved an overall reduction of 4% in Scope 1 and 2 greenhouse gas emissions
compared to 2016
4. Engaging Shareholders and Benefitting Communities
Generated more than C$840 million in economic benefits to host communities and
the countries of Canada, Cuba, and Madagascar.
About Sherritt
Sherritt is a world leader in the mining and refining of nickel and cobalt from lateritic ores with
projects and operations in Canada, Cuba and Madagascar. The Corporation is the largest
independent energy producer in Cuba, with extensive oil and power operations across the
island. Sherritt licenses its proprietary technologies and provides metallurgical services to
mining and refining operations worldwide. The Corporation’s common shares are listed on the
Toronto Stock Exchange under the symbol “S”.
For further information, please contact:
Jennifer Prospero
Manager, Sustainability
Telephone: 416-935-2276
Email: [email protected]
Media inquiries:
Telephone: 416-935-2421
Email: [email protected]
www.sherritt.com