Deterra Royalties Ltd.
Industry Group: Steel
Country/Region: Australia
Identifier: ASX:DRR
Deterra Royalties was spun out from Iluka Resources in October 2020, with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area in Western Australia. This includes the North Flank mine, producing around 60 million metric tons of iron ore a year, and the South Flank mine, expected to add 85 million metric tons by 2024 after producing first ore in 2021. It also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Consistent with its strategy to grow into a diversified royalty firm, its Trident Royalties purchase is likely to provide modest diversification from iron ore.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Steel 1 out of 158
Universe
Global Universe 296 out of 15080
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Industry Comparison
Company | ESG Risk Rating | Industry Rank |
---|---|---|
Deterra Royalties Ltd. |
9.6
Negligible
|
1 out of 158 |
Labrador Iron Ore Royalty Corp. |
12.8
Low
|
2 out of 158 |
Usinas Siderurgicas de Minas Gerais SA-Usiminas |
38.4
High
|
85 out of 158 |
Qingdao East Steel Tower Stock Co., Ltd. |
43.8
Severe
|
124 out of 158 |
Ezz Steel |
50.8
Severe
|
152 out of 158 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Deterra Royalties Ltd.'s Exposure is Low
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
Deterra Royalties Ltd.'s Management of ESG Material Risk is Strong
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Top Material ESG Issues for Deterra Royalties Ltd.
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Controversy Rating
Highest Controversy level that has impacted Deterra Royalties Ltd.'s ESG Risk Rating in the last three years
Highest Controversy Level