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Exxaro Resources Limited
Integrated report 2022

Driving value creation through transition

Our purpose informs and motivates our decisions and actions. Stakeholder value creation is central to our purpose and vision to achieve direct and positive impact on society.

Our value creation is driven by our

Purpose

Powering better lives in Africa and beyond

Vision

Resources powering a clean world

 

Values

  • Empowered to grow and contribute
  • Teamwork
  • Committed to excellence
  • Honest responsibility

Strategic outcomes

  1. Transition at speed and scale
  2. Make our minerals and energy businesses thrive
  3. Empower people to create impact
  4. Be carbon neutral by 2050
  5. Become a catalyst for economic growth and environmental stewardship

Strategic outcomes

  1. Business level and growth
  2. Decarbonisation
  3. Health and safety
  4. Environmental stewardship
  5. Diversity, equity and inclusion
  6. Social impact

It is influenced by factors in the operating environment

Forces in our macro-economic context, markets and other social and environmental trends could present opportunities or risks to our business model and thus affect our ability to create value.

Material risks and related opportunities are key factors that must be managed to ensure our continued success. We further assess our climate risks according to the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.

Our stakeholder relationships and active engagement form a key process in understanding and delivering value and impact..

These elements all inform the themes that we consider material to our value creation.

It is achieved through our business activities

These activities and strategy are key to creating value as we pursue a just transition to a new operating model while balancing our financial performance.

Mining responsibly
Strategising for future relevance and a just transition
Generating renewable energy and delivering related products and services
Delivering sustainable impact and responsible practices

Resulting in an impact across . . .

The six capitals
We are mindful of our impact on each capital we use and affect to conduct our business activities and aim to enhance these where possible.
s s s s s s
To deliver value to our stakeholders
We strive to create mutual value for and with our stakeholders. They are an integral part of our business because they can impact Exxaro or are impacted by our business.
Ensuring broader impact
We aim to drive a positive impact on the SDGs that we have identified as being areas where we can make a difference. Exxaro aims to fulfil our ESG commitments, including the TCFD principles.

Value distributed to stakeholders

Payments to government: taxation contribution
R7 250 million
(2021: R2 930 million)
 
Cost of financing
R982 million
(2021: R1 020 million)
 
GreenShare employee scheme
R121 million
(2021 : R164 million)
 
Cash dividend paid
R6 686 million
(2021: R9 557 million)
Community investment and volunteerism
R181 million
(2021: R61 million)
 
Employees' tax
R1 607 million
(2021: R1 390 million)
 
Salaries, wages and benefits
R4 310 million
(2021: R4 084 million)
Dividend paid to non-controlling interest
R2 275 million
(2021: R3 131 million)
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UNDERSTANDING OUR BUSINESS
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Driving transition through leadership
Driving value creation through transition
About our integrated report
Chairperson's statement
About Exxaro
Sustainable growth and impact
Our operating context

DRIVERS OF VALUE CREATION
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Our business model
Our material matters
Our business risks and opportunities
Creating value through stakeholder engagement

TRANSITIONING THE BUSINESS FOR GROWTH
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CEO's report
Our strategy: positioning Exxaro for sustainable growth and impact
Performance against our strategy and future focus
2022 strategic key performance indicators
Key strategic trade-offs

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
Responding to TCFD reporting requirements

OUR MINERAL RESOURCES AND MINERAL RESERVES
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Our mineral resources and mineral reserves

ADDITIONAL INFORMATION
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Glossary
Administration