ESG Report 2021
Exxaro Resources Limited
Integrated report 2021
Powering better lives through value creation.
Our purpose is the motivation that has informed everything that we have done since our inception and will continue to drive our direction in the future. Value creation is central to our purpose and our vision as we aim to have a direct and positive impact through our business on external challenges such as climate change and socio-economic development.
Our overarching approach to value creation is driven by stewardship and a responsibility to minimise our negative impact, preserve value and, where possible, create value for our stakeholders and the natural environment on which we rely.
Our operating context
We monitor our operating context to understand the forces in our macro-economic context, our markets and in other social and environmental trends, such as climate change, that may present opportunities or risks to our business model and thus our ability to create value.
Our operating context is unpacked here.
Our business risks and opportunities
We follow a rigorous risk analysis process to remain aware of the material risks and related opportunities for our operations and our strategy as these are key factors that must be managed to ensure our continued success. We further assess our business according to the TCFD framework. Our TCFD assessment scope focused on the potential impact of our climate change transition and current physical risks and opportunities.
Our business risks and opportunities are unpacked here.
Further detail on our TCFD recommendations alignment is outlined in the TCFD index in the ESG report.
Our stakeholders' needs and concerns
Our stakeholder relationships and active engagement form a key process in understanding and delivering value and impact.
Our stakeholder engagement is unpacked here.
Material matters
These elements all inform the material themes that we
consider material to our value creation
Our material matters determination process and key material themes are outlined here.
These activities and our strategy are key to our business creating value as we pursue a just transition to a sustainable new operating model that seeks to achieve carbon neutrality by 2050, while balancing our financial performance, South Africa's economic development needs, ecosystem protection and societal adaptive capacity in the face of a changing climate.
Our business activities are unpacked in our business model.
The six capitals
We are mindful of our impact on each of the capitals we utilise to conduct our business activities and aim to enhance each capital where possible.
Our use of and effect on the capital is unpacked in our business model.
| DELIVERING VALUE TO OUR STAKEHOLDERS | ENSURING BROADER IMPACT | |
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We are committed to driving a positive impact on the SDGs we have identified as being areas where we can make a difference, and to fulfilling our commitment to the TCFD principles. |
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