Osisko Releases Inaugural ESG Report and Files Management Information Circular

MONTREAL, April 08, 2021 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (“Osisko” or the “Corporation”) (OR: TSX & NYSE) is pleased to announce several positive steps towards its ongoing commitment to environmental, social and governance (“ESG”) matters. These include the release of an inaugural ESG report, commitment to the United Nations Global Compact (“UN Global Compact”), and an investment and strategic partnership to promote global decarbonization and biodiversity efforts through carbon credit streaming transactions.

Sandeep Singh, President and CEO of Osisko commented, “ESG sustainability principles have always been core tenets of the Osisko group of companies. When Osisko’s management team built the Canadian Malartic mine in our predecessor company, we did so by being on the forefront of sustainability practices. Those same values underpin our present-day royalty and streaming company.

“Our inaugural ESG report entitled “Growing Responsibly” and voluntary commitment to the UN Global Compact improve stakeholder communication of our ESG successes, risks, and mitigation activities and highlight our belief in the importance of corporate responsibility.

“We perform well under an ESG lens due to the nature of our non-operating business model, the quality and jurisdictional advantages of our portfolio and the importance our operating partners place on sustainability. Nevertheless, we intend to go further and strive to be part of the solutions for a Net-Zero world.

“Our early stage partnership with Carbon Streaming Corporation (“Carbon Streaming”), a newly formed private entity, allows us to be on the forefront of a nascent sector that leverages our streaming expertise to fund capital projects that reduce greenhouse gas emissions. These projects will not only offset our relatively small direct carbon footprint, but also provide opportunities to offset our indirect carbon footprint. We view this as an opportunity to have a positive impact while deploying a small amount of capital accretively.”

ESG Report

Osisko’s goal, with the release of its ESG report, is to facilitate ongoing discussions of our risk management processes and help stakeholders assess our relative exposure to, and performance managing, ESG issues. In addition to a discussion of corporate governance practices, the report provides a focused review of how Osisko assesses potential investments through its diligence process and monitors existing assets to ensure the Corporation is well positioned to deliver growth responsibly.