MONTRÉAL, April  10, 2024  (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the "Corporation" or "Osisko") (OR: TSX & NYSE) is pleased to announce the publication of its 2023 Sustainability Report, Growing Responsibly (the "Report").

The Report marks the fourth edition of Growing Responsibly and outlines Osisko's key Environmental, Social and Governance ("ESG") achievements in 2023. The Report has been developed in reference to the Global Reporting Initiative and the Sustainability Accounting Standards Board disclosure standards and is guided by the International Financial Reporting Standards S2 climate-related disclosures.

Heather Taylor, Vice President, Sustainability and Communications of Osisko commented: "As Osisko unveils its latest Sustainability Report, Growing Responsibly, the Corporation proudly showcases its 2023 ESG achievements. We recognize our responsibility to operate with integrity, protect the environment, and support the local communities in which we conduct business. Through both collaboration and responsible practices, we strive to create a future where environmental and social impacts go hand in hand with creating long term value. The fourth edition of our Sustainability Report reflects our ongoing dedication to transparency, as well as the positive evolution of our sustainability efforts."

The following are select report highlights:

Environmental Stewardship:

• Established a formal 2024-2027 Climate Strategy

• Conducted climate scenario analysis of five key assets

• Improved reporting on Scope 3 emissions

• Purchased and retired carbon credits to offset Scope 2 and Scope 3 emissions related to employee travel and commuting

Supporting our Employees and Communities:

• Targeted employee training on diversity, equity and inclusion, health & safety and human rights

• Organized corporation-wide volunteering events focused on empowering and uplifting local communities

• Formalized Community Investment Guidelines ("CIG")

• Increased funding of community investments to over $325,000 in accordance with Osisko's CIG

• Adopted new policies relating to Human Resources, Health & Safety, Human Rights and Anti-Bribery, Anti-Corruption and Anti-Money Laundering

Excellence in Governance and Oversight:

• Nominated an Independent Chair of the Board to lead the Board of Directors

• Appointed a dedicated executive to the role of Vice President, Sustainability and Communications

• Maintained zero-incident record of material breaches of Code of Conduct / Whistleblower Reports

• Maintained target of over 30% female representation on the Board of Directors

• Enhanced ESG due diligence process for investments with launch of a screening and monitoring tool

Transparency and Recognition:

• Increased MSCI rating to 'AA'

• Top scorer for Sustainalytics:

  • Ranked 6 out of 120 for Precious Metals industry

  • Ranked 4 out of 90 for Gold sub-industry

  • Recognized as ESG Regional Top Rated and ESG Industry Top Rated