Nordgold to Include Scope 2 Emissions in Future Reporting

London, United Kingdom, 22 December 2020 — Nord Gold SE (“Nordgold” or the “Company”), the internationally diversified gold producer, today announces that it has awarded KPMG with a contract to update the Company’s methodology for measuring greenhouse gas (GHG) emissions. Nordgold’s new approach will encompass both direct and indirect emissions (Scope 1 & Scope 2) in accordance with international ISO 14064-1-2018 and GHG Protocol standards.

Previously, Nordgold reported its direct emissions (Scope 1) in accordance with the methodology adopted by the Russian Ministry of Natural Resources and Environment.

The Company will publish its inaugural TCFD for 2020 using the new carbon intensity assessment. The assessment, expected to completed in early 2021, will also form a part Nordgold’s 2020 Sustainable Development Report.

“We are continually looking for ways to minimise our overall environmental impact and reducing emissions is a core pilar of this objective. This new methodology is the foundation that will enable us to develop strategic targets for reducing GHG emissions. It will facilitate the benchmarking of the carbon intensity of each mine and across every production process, helping us to identifying bottlenecks and opportunities for improvement. Once we have this data, we can more effectively manage greenhouse gas emissions and develop new measures to reduce our environmental impact.” Evgeny TulubenskyNordgold Chief Legal Officer and ESG Director

Nordgold’s sustainability objectives are incorporated into relevant operational improvement and development programmes. Through these programmes, the Company seeks opportunities to reduce GHG emissions, water consumption, and waste creation. Essential on site power generation, which provides both the energy to run operations and to ensure employees benefit from safe and comfortable accommodation and amenities, is a significant source of GHG emissions. Nordgold is therefore implementing a programme to reduce the associated impact, with short to medium-term initiatives including:

• A new efficient power plant at Lefa is expected to be completed by the end of 2021. This is expected to reduce fuel consumption for electricity generation by 15% and engine oil by 30%, resulting in a 17,000 tonnes reduction of greenhouse gas emissions per year.
• Implementation of a consistent 3-year power plant improvement programme at the Gross mine, which is expected to decrease coal consumption by 8% and reduce greenhouse gas emissions by approximately 57,700 tonnes in 2021-2022.
• Implementation of the OMNICOMM fuel and lubricant materials consumption monitoring and the WENCO mining equipment dispatching systems which is expected to reduce both fuel consumption and downtime.
• Technical feasibility and design assessments for a proposed solar power plant at Bissa, which if economic, should reduce fuel consumption by approximately 6.4 million litres and greenhouse gas emissions by approximately 18,000 tonnes per year.

Enquiries

Nordgold
Olga Ulyeva
Head of Corporate Communications
olga.ulyeva@nordgold.com

Powerscourt
Peter Ogden
Tel: +44 (0) 20 7250 1446

About Nordgold

Nordgold is an internationally diversified one-million-ounce gold producer with over 8,000 people operating a portfolio of ten mines (in Burkina Faso, Guinea, Russia and Kazakhstan) and a number of development and exploration projects in West Africa, Eurasia and the Americas. Since its foundation in 2007, Nordgold has established a global reputation as a leading developer of tier one gold mining assets with a proven commitment to community engagement, sustainability, efficiency and operating in an environmentally responsible manner. Since 2013, Nordgold has successfully constructed three gold mines, including two in Burkina Faso (Bouly and Bissa) and most recently, the Gross mine in Russia.