ESG Report 2021
Exxaro Resources Limited
Integrated report 2021
Performance and value creation
The board adopted an emergency response plan in 2019, focusing on capability interfaces for crisis management and business continuity, to ensure integrated disaster or incident response and recovery.
The RBR committee oversaw the process of updating the following business continuity governance documents:
Furthermore, this process sought to align BUs with the board-approved business continuity plan template, which is aligned to ISO 22301 and British Standards Institution 11200:2014.
Flowing from a review of the roles and responsibilities of the board committees in 2021, the board approved the change of the role and responsibility of its sustainability, risk and compliance committee to focus on risk management, business resilience and compliance. The committee was renamed the RBR committee to reflect its increased responsibility.
Refer to governance in the ESG report for more information.
The board considers and approves the short, medium and long-term strategy for the group, as formulated and developed by management.
The board is charged with monitoring the implementation of the Sustainable Growth and Impact strategy. KPIs were identified that track the execution of the strategy. KPIs were determined for the board and group executive committee, and the process of reviewing and aligning the board committees' KPIs will be finalised in 2022.
Exxaro uses a strategic performance dashboard that supports reporting on the achievement of KPIs that track execution of our strategy. The dashboard was reviewed in 2021 and its reporting philosophy revised. To measure execution of Exxaro's refined Sustainable Growth and Impact strategy, reporting will focus on exceptions (out of appetite or worst tolerable) going forward to track performance towards the achievement of the strategy and desired portfolio.
Our Sustainable Growth and Impact strategy is illustrated in our strategy: Positioning Exxaro for enduring success.
The board ensures the integrity of our integrated report and its alignment with best practice in integrated reporting, including other reporting by the company, from time to time.
The board also oversees the publication of our annual financial statements, ESG report, and the reports of our audit committee, SERC, RBR committee, investment committee, and remuneration and nomination committees as well as the remuneration report and other online or printed information that complies with legal requirements and meets the legitimate and reasonable information needs of stakeholders.
The board is committed to clear and comprehensive financial reporting and disclosure as well as constructive shareholder engagement, including transparency of activities and performance. The board therefore ensures that reports issued by the company enable stakeholders to make informed assessments of the company’s performance as well as its short, medium and long-term prospects.
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