Emerald Resources NL has released its sustainability report, detailing its approach to managing climate-related risks and opportunities, including emissions reporting and carbon offset initiatives.
Material actions and disclosures
The Group maintains an environmental management system which tracks energy use and greenhouse gas (GHG) emissions arising from operational, exploration, and corporate activities. Emissions reporting boundaries are established using the operational control approach, covering all operations over which Emerald has operational control, including mining operations, processing, exploration activities, and corporate offices.
Emerald monitors climate-related metrics to assess its exposure to climate-related risks and opportunities. These metrics include diesel consumption across mining and exploration activities, electricity consumption and grid reliance, energy efficiency initiatives and process optimisation, and water usage and recycling.
The Group’s Phnom 1500 Carbon Offset Reforestation Project in Cambodia is linked to its emissions profile. Since FY23, the emissions at the Okvau Gold Mine have been measured and a provision created in the following year to fund carbon offset initiatives. During FY26, US$365,000 was provisioned based on total emissions for FY25 at the Okvau Gold Mine of approximately 81,109 tCO₂- e and a project-specific carbon price of US$4.50 per tonne.
Forward commitments
The Board will consider available carbon offset options with a preference for proprietary nature-based solutions. The Group is committed to carbon-neutral operations over the life of its projects. An independent review will be undertaken in FY27, which will assess the Phnom 1500 Carbon Offset Project’s carbon sequestration potential and projected carbon capture over its remaining life. The outcomes of the independent review will be considered by the Board and will inform the Group’s future carbon offsetting activities and targets.
Emerald is continuing to assess its approach to setting appropriate targets, taking into account the nature of its operations, project life cycles, and evolving regulatory and stakeholder expectations.
The Group’s focus is on improving the accuracy and completeness of emissions data, enhancing internal systems to support climate-related reporting, identifying opportunities to improve energy efficiency and reduce emissions, and monitoring changes in climate-related regulation and market expectations.
Emerald Resources NL’s sustainability report is prepared in accordance with the Corporations Act 2001 (Cth) and AASB S2 Climate-related Disclosures, being part of the Australian Sustainability Reporting Standards (ASRS) issued by the Australian Accounting Standards Board (AASB).