Stakeholder Advisory Committee
Agnico Eagle Mines’ Stakeholder Advisory Committee (SAC) is comprised of independent stakeholders with expertise in ESG, community development, Indigenous affairs, mining, disclosure and governance matters. The group was established in 2011 and meets annually to provide constructive feedback and guidance in areas of focus for Agnico Eagle.
The role and operation of the SAC is one of a number of engagement mechanisms and practices in place at Agnico Eagle that align with international standards and frameworks, including:

The SAC is a relatively unique and valuable arrangement within the Canadian mining sector and provides Agnico Eagle with feedback on our corporate social responsibility efforts and helps us make strategic adjustments to our existing local stakeholder engagement activities.
2021 SAC Key Recommendations Highlights
Every year the SAC provides Agnico Eagle with a broad list of recommendations. Several were selected for immediate consideration and work continues to advance on addressing them. The full list of recommendations is available below.
Climate Change
• Publicly disclose climate related skills and experience of Agnico’s board in the Board expertise matrix
• Rename the Climate-Related Risk Management Steering Committee to also address opportunities
• Review and consider engaging with the Taskforce on Nature-related Financial Disclosures (TNFD)
• Review and consider joining the Science Based Targets initiative (SBTi) to reduce GHG emissions, and establish ambitious medium-term targets
• Update the materiality assessment in light of recent developments regarding climate change
• Conduct site-level climate change risk assessments in collaboration with local communities
• Assess the potential impact of acquisitions on the company’s emissions baseline and performance (recognizing these sources of emissions are treated differently within established emissions protocols)
• Consider the following elements as part of the company’s wider climate change approach:
o Share site-level climate information with local communities and align social investments
o Explore additional opportunities for collaborations with governments, industry, and communities
o Address the physical impacts of climate change, such as water quantity and changing ice patterns, in strategies and actions plans
o Increase the proportion of energy from renewable sources, where possible
o Establish a company-wide carbon price per unit and consider disclosing the cost of major emissions reduction initiatives along with their actual GHG emission reductions
Local Procurement
• Adapt and replicate Nunavut’s approach to procurement transparency and engagement in other sites and regions
• Provide further granularity and clarity on what is considered ‘local’ in public disclosures and reporting
• Identify, engage, and disclose diverse potential and actual local suppliers, such as women-owned businesses, Indigenous businesses and non-Indigenous businesses
• Review and consider engaging and reporting in accordance with the Local Procurement Reporting Mechanism
• Identify and support local entrepreneurs to become potential suppliers in collaboration with local communities
Other Recommendations
• Review and consider the EU taxonomy and CSR Directive
• Review and revise particular terms in public communications and disclosures, including but not limited to:
o Replace references to ‘traditional knowledge’ with ‘Indigenous knowledge’
o Replace references to ‘man-hours’ with ‘person hours’ or the equivalent
• Enhance internal and external sharing of good sustainability practice between the company’s sites