“(Northern Star) recognises that the merger with Saracen will change the company’s footprint and reflects the time required to assess the merged entity’s environmental footprint. “Climate related scenarios allow Northern Star to explore and develop an understanding of how the physical and transitional risks and opportunities of climate change might plausibly impact Northern Star’s operations over time,” the company stated. Northern Star’s second option is a passive response, focussing on increasing and maintaining the performance of its existing fleet and machinery for cost and environmental impact minimisation. Northern Star stated that achieving the proactive scenario would be the most challenging transition of its strategies, but was most in line with the company’s sustainability goals. It is also considering to leverage energy efficiencies across its business, such as the existing practice of regular operational fleet change outs. The company’s climate strategy includes a proactive effort scenario, where Northern Star would value underground mining more highly due to its lower environmental impacts. On the eve of the merger becoming official, Northern Star has set an action plan for 2021 and beyond to include modular, transportable power and hybrids for operations with short mine lives. Northern Star Resources is re-assessing its environmental strategy as it merges with Saracen Mineral Holdings, with renewable energy highlighted as part of the company’s future.
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