Governance

North Coal is focused on meeting the growing global demand for high-quality steelmaking coal through responsible project development in British Columbia. The Company’s objective is to advance a metallurgical coal operation that reflects strong governance, robust regulatory oversight, and leading industry standards for environmental and social performance. By supplying this critical input, North Coal aims to support the global steel industry’s transition toward lower-carbon production in a timely and effective manner. 

North Coal’s governance and ESG approach is guided by clear accountability, transparency, and continuous improvement. The Company’s objectives include: 

• Reducing greenhouse gas emissions, including targets aligned with carbon-neutral and lower-emissions outcomes 

• Building and maintaining meaningful partnerships with First Nations 

• Protecting water resources through multi-barrier management systems that meet provincial water quality and selenium requirements 

• Minimizing the disturbance footprint and supporting progressive reclamation 

• Maintaining transparent decision-making and disclosure practices 

• Supporting a strong local presence 

North Coal’s ESG Policy is informed by leading local, national, and international standards and frameworks, including: 

• United Nations Sustainable Development Goals (SDGs) 

• Global Reporting Initiative (GRI) Standards 

• Sustainability Accounting Standards Board (SASB) 

• United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP) 

• United Nations Guiding Principles on Business and Human Rights 

• Global Industry Standard on Tailings Management (2020) 

• Principles for Responsible Investment (PRI) 

• International Council on Mining and Metals (ICMM)