Exxaro Resources limited
Environmental, social and governance report 2021

Evolution of a 21st century company

Exxaro was created and listed on the JSE in November 2006. Since then, we have grown to become South Africa's foremost black-empowered and diversified commodities and energy company with a global asset portfolio including coal operations and investments in iron ore, pigment manufacturing*, renewable energy (wind) and residual base metals.

  • On 27 November 2006, Kumba Resources Limited (Kumba Resources) unbundled its iron ore business and created two separate focused mining groups – Exxaro Resources and Kumba Iron Ore Limited (listed on the JSE in the general mining sector)
  • Exxaro's assets were:
    • Coal
    • Mineral sands
    • Base metals and industrial minerals
  • Listing share price: R57.58
  • Medupi coal supply agreement signed
  • Acquired Namakwa Sands
  • Deal of the Year Award; creation of Exxaro Resources Limited
  • Top employer in South African mining industry (Top Employers Institute)
  • Closing share price: R103.45
  • Reduced HIV/Aids prevalence to 13% (national rate was 25%)
  • Closing share price: R136.24
  • Exxaro's Evergreen Awards instituted to recognise top performers in various categories of the organisation
  • Closing share price: R104.50
  • Signatory to the UNGC
  • Included in JSE Socially Responsible Investment Index
  • Closing share price: R71.90
  • Progress with energy and carbon management measurements across the business
  • Top 10 in EY Excellence in Integrated Reporting Awards
  • Closing share price: R168.00
  • Zeeland water treatment plant near Lephalale in Limpopo received Blue Drop certification
  • Carbon Disclosure Project Leadership Index top score of 100 points
  • Among top 10 companies worldwide delivering highest returns to shareholders over 10 years (Boston Consulting Group)
  • Cennergi (joint venture with Tata Power) formed to realise renewable energy ambitions
  • Closing share price: R169.00
  • Frost and Sullivan Visionary Innovation Leadership Award
  • Deloitte Best Company to Work For (second place in mining category)
  • Carbon Disclosure Leadership Index score of 97 points
  • Best risk information system implementation award (Institute of Risk Management South Africa)
  • Top 10 in EY Excellence in Integrated Reporting Awards
  • Closing share price: R146.46
  • Global bronze medal in RobecoSAM 2015 sustainability reference guide (for ESG performance)
  • Best Corporate Governance Award for Africa region (Ethical Boardroom magazine)
  • Merit award in EY Excellence in Integrated Reporting Awards
  • Acquired Total Coal South Africa
  • Closing share price: R44.04
  • Top employer in South African mining industry (Top Employers Institute)
  • Deloitte Best Company to Work For (resources sector)
  • Top 10 global leaders in Carbon Disclosure Leadership Index
  • Top 10 in EY Excellence in Integrated Reporting Awards
  • Closing share price: R103.50
  • New chief executive officer (CEO) appointed: Mxolisi Mgojo replaced Sipho Nkosi
  • Merit award in EY Excellence in Integrated Reporting Awards
  • Exxaro's 10-year BEE ownership structure unwinds
  • Cennergi windfarms commissioned
  • Thabametsi project approved
  • North Block complex receives the prestigious JT Ryan Award for operating with no fatality since 1925
  • Closing share price: R89.50
  • Replacement BEE transaction implemented
  • Merit award in EY Excellence in Integrated Reporting Awards
  • Business of tomorrow team formed
  • Closing share price: R162.50
  • Mid-cap winner in CSSA Integrated Reporting Awards
  • Belfast project breaks ground
  • Closing share price: R137.87
  • Cennergi became wholly owned subsidiary of Exxaro on 1 April 2020
  • Achieved three fatality-free years in March 2020
  • LTIFR of 0.05
  • Collaborated with communities, public and private sectors to mitigate COVID-19 (donated R20 million to Solidarity Fund)
  • South Africa winner for 2021 and accredited as a Top Employer in South Africa (Top Employers Institute)
  • Ranked 13th in the Sunday Times Top 100 Companies in South Africa in the 2020 listing
  • Ranked third in the TRAC SA 2020
  • Published climate change position statement
  • Ranked among 100 best emerging market ESG performers by Vigeo Eiris
  • Matla achieved 730 LTI-free days
  • Secondary listing on A2X Markets
  • The conneXXion awarded silver WELL Core and Shell certification by International WELL Building Institute (First in South Africa)
  • Record coal exports of 12Mt
  • Closing share price: R138.90
  • Coal Safe Awards for Matla 1 and Leeuwpan mines for 40 fatality-free years
  • Moved to the conneXXion
  • Partnership with Accenture awarded silver in Loerie Awards for MyNexxt learning and development platform
  • Finalist in 2019 South African Graduate Employers Association Awards (mining sector)
  • Newcomer Award in Absa Business Day Supplier Development Awards 2019
  • Localisation and enterprise and supplier development (ESD) recognition award at 2019 South Africa Investment Conference
  • Top 40 winner in CSSA's Integrated Reporting Awards
  • Coal Safe Best Safety Performance for a company with over 10 000 employees
  • Closing share price: R131.14
  • Won the globally recognised ESG Investing award: Best Sustainability Reporting and Finalist for Climate Change Reporting
  • Integrated report recognised as excellent at the EY Excellence in Integrated Reporting Awards
  • Ranked in top 100 Moody's Vigeo Eiris best emerging markets
  • Best manager of the year award for Mxolisi Mgojo (CEO)
  • LTIFR of 0.08
  • Achieved five years fatality-free
  • Closing share price: R154

Established the Decarbonisation Portfolio Management Office

Our 2020 ESG report won the best sustainability reporting award in the metals and mining category at the 2021 ESG Reporting Awards

* Tronox – sold in March 2021.
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About this report
About Exxaro
Evolution of a 21st century company
Our ESG perspective
Measuring our performance
Strategic key performance indicators
Stakeholder management

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Air quality
Climate change resilience
Energy management
Water security management
Waste management
Environmental liabilities and rehabilitation
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Ethical culture
Performance and value creation
Adequate and effective control
Trust, good reputation and legitimacy
Board of directors
Our executive team
Remuneration and nomination committee report
Remuneration committee report
Nomination committee report
Risk and business resilience committee report
Social, ethics and responsibility committee report
Audit committee report
Investment committee report
King IV application register
Remuneration report
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Human rights

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GRI index
SASB index
Task Force for Climate-Related Financial Disclosures (TCFD)
Assurance report
Appendix A: Criteria