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Exxaro Resources Limited
Integrated report 2021

Introduction

NAVIGATING THIS REPORT

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Detailed disclosure and further reading

Read more online at www.exxaro.com


The capitals we use and affect

Read more within this report


NATURAL
HUMAN
SOCIAL AND RELATIONSHIP
MANUFACTURED
INTELLECTUAL
FINANCIAL

Our vision

Resources powering a clean world

Exxaro Resources Limited (Exxaro, the company or the group) is a South Africa-based diversified resources company with a robust coal business and acquisitive growth prospects in minerals and energy solutions.

Our purpose, powering better lives in Africa and beyond, drives our ambition to provide resources (beyond just commodities) critical to a low-carbon world.

Our Sustainable Growth and Impact strategy ("Strategy") enables us to deliver on our purpose and vision. Our success lies in the strength of our culture and values.

Through our Strategy, we aim to strengthen our resilience and ensure we deliver sustainable stakeholder value through a robust business portfolio in a low-carbon economy.

INTEGRATED THINKING

Exxaro believes in sustainable value creation, enabled through carefully considering the relationship among the resources we use and affect, and potential trade-offs inherent in strategic decision-making. We have integrated the six capitals into our business model and strategy, and continuously strive to positively contribute to and negate any adverse impact on these capitals.

OUR SUSTAINABILITY FRAMEWORK

Exxaro voluntarily endorses the United Nations (UN) 17 Sustainable Development Goals (SDGs). We also participate in the National Business Initiative (NBI) in South Africa to align the 17 SDGs with the country's National Development Plan and implement leading practices to uphold the most material SDGs so that our business leaves a lasting positive impact.

We are committed to transparent reporting and publish an annual reporting suite detailing our performance

Reporting suite

These reports are available online and should be read together for a complete understanding of Exxaro's business and its performance.

CONNECT WITH US

We encourage and welcome feedback on our reporting suite from our stakeholders. Please send any comments or suggestions to:

Malusi Buthelezi

Manager: Integrated reporting and ESG

Tel: +27 12 307 3174
Mobile: +27 83 460 3723
Email: Malusi.Buthelezi@exxaro.com

www.exxaro.com

Disclaimer: Photographs of people without masks were either taken pre-COVID-19 or in full compliance with health and safety protocols. With thanks to Stefanie De Beer, Line of Sight Photography, for Cennergi's windfarm photographs, and all contributors who supplied the photographs used in our reporting suite.

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ABOUT EXXARO
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Introduction
About our integrated report
UNDERSTANDING OUR BUSINESS
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Chairperson's statement
Positioning Exxaro for sustainable growth and impact
About Exxaro
Our operating context
DRIVERS OF VALUE CREATION
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Our value creation
Our business model
Creating value through stakeholder engagement
Our material matters
Our business risks and opportunities
POSITIONING THE BUSINESS FOR GROWTH
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Outgoing and incoming CEOs' reports
Our strategy: Positioning Exxaro for enduring success
Sustainable Growth and Impact strategy
2021 strategic performance KPIs/performance dashboard
Understanding our key strategic trade-off considerations
GOVERNANCE FOR VALUE CREATION
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Our leadership
Summarised governance report
Combined assurance for effective governance

OUR PERFORMANCE
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Finance director's overview
Operational performance
Business resilience
Our people
Social licence to operate: enabling our legitimacy
Our environment: stewardship and compliance
OUR MINERAL RESOURCES AND MINERAL RESERVES
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Our mineral resources and mineral reserves
ADDITIONAL INFORMATION
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Glossary
Administration