Dundee Precious Metals Announces Greenhouse Gas Reduction Targets; Commits to a 37.5% Reduction by 2035 and Net Zero Emissions by 2050

About this update from Dpm Metals Inc.

[{"type":"text","content":" TORONTO, May 04, 2022 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) is pleased to announce the Company’s greenhouse gas (“GHG”) emissions reduction targets, which include commitments to reduce absolute Scope 1 and 2 emissions by 37.5% by 2035, to achieve Net Zero emissions by 2050 and to develop a Scope 3 emissions target by 2025. Climate Change Commitments DPM’s GHG reduction targets were developed in alignment with the latest findings of the Intergovernmental Panel on Climate Change (“IPCC”) and is consistent with the aspiration of remaining within a well-below two-degree threshold, as defined by the Paris Agreement. DPM’s commits to: Reducing DPM’s absolute Scope 1 and Scope 2 greenhouse gas (“GHG”) by 37.5% by 2035, and achieving Net Zero emissions by 2050; and Developing a Scope 3 emissions target by 2025 and engaging with existing and potential new partners within DPM’s value chain to identify and pursue new opportunities that will have a meaningful impact. “We have a long track record of actively managing and improving DPM’s greenhouse gas emissions and energy use, and our climate change commitments are another step in our journey to realize our objective of generating a net positive impact from our operations,” said David Rae, President and Chief Executive Officer. “Given our talented people, our experience in creating trusted partnerships with our stakeholders, as well as our skills in adding value through innovation, we are confident we can achieve our climate change ambitions.” Climate Action and Progress DPM has actively managed GHG emissions, energy use and energy intensity since it became an operating company in 2004. Throughout the years, ongoing innovation and investments in plant upgrades and modernization have yielded significant improvements, particularly in Scope 1 and 2 emissions, which the Company has been measuring and reporting since it published its first Sustainability Report in 2011. Today, DPM’s mining operations rank among the lowest GHG intensity mines globally.1 In terms of next steps toward achieving its climate change commitments, DPM has identified several broad pathways and initiatives at each of its operating sites, including energy efficiency projects, electrification of mobile equipment, increasing the use of renewable fuels, and where feasible, increas...

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