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Exxaro Resources Limited
Environmental, social and governance report 2022

Glossary

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T
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W
Y
AECFT
Amakhala Emoyeni Community Fund Trust
AGM
Annual general meeting
AMCU
Association of Mineworkers and Construction Union
B-BBEE
Broad-based black economic empowerment
BEE
Black economic empowerment
Bloomberg GEI
Bloomberg Gender-Equality Index
BU
Business unit
Cennergi
Cennergi Proprietary Limited
CEO
Chief executive officer
CMRR
Consolidated Mineral Resources and Mineral Reserves
Companies Act
Companies Act, 2008 (Act 71 of 2008), as amended
CoGTA
Department of Cooperative Governance and Traditional Affairs
COP27
2022 United Nations Climate Change Conference of the Parties
cps
Cents per share
CSI
Corporate social investment
DBP
Deferred bonus plan
DEL
Department of Employment and Labour
DFFE
Department of Forestry, Fisheries and the Environment
DMRE
Department of Mineral Resources and Energy
DoH
Department of Health
dtic
Department of Trade, Industry and Competition
DWS
Department of Water and Sanitation
EAP
Employee assistance programme
EBITDA
Earnings before interest, taxation, depreciation and amortisation
ECC
Exxaro Coal Central
ECD
Early childhood development
EERF
Exxaro's Environmental Rehabilitation Fund
EIA
Environmental impact assessment
EME
Exempt micro-enterprise
ERM
Enterprise risk management
ESD
Enterprise and supplier development
ESG
Environmental, social and governance
ESOP
Employee share ownership plan
EWP
Employee wellness programme
Exxaro, the company or the group
Exxaro Resources Limited
 
Eyesizwe
Eyesizwe (RF) Proprietary Limited
FAWU
Food and Allied Workers Union
FD
Finance director
GBV
Gender-based violence
GHG
Greenhouse gas
GIBS
Gordon Institute of Business Science
GIS
Group incentive scheme
GRI
Global Reporting Initiative
HDP
Historically disadvantaged persons
HEPS
Headline earnings per share
HPIs
High-potential incidents
IDC
Industrial Development Corporation of South Africa
IDP
Integrated Development Plan
IFC
International Finance Corporation
IFRS
International Financial Reporting Standards
ILO
International Labour Organization
Impact Catalyst
The Impact Catalyst is a collaborative partnership founded by Anglo American, the Council for Scientific and Industrial Research, Exxaro and World Vision South Africa to create mechanisms that drive large-scale, socio-economic development initiatives through public-private partnerships. The initiatives are designed to leverage collaboration across sectors - selected for impact beyond the scale of individual participants. Joint programmes are established between the Impact Catalyst and the Office of the Premier in certain provinces through collaborative regional development platforms. The first regional socio-economic development platform was launched in Limpopo in 2018, focusing on improving health, wellbeing and living conditions. The Impact Catalyst then expanded to include Mpumalanga and Northern Cape communities.
IoDSA
Institute of Directors South Africa
IPP
Independent power producer
IRBA
Independent Regulatory Board for Auditors
IT
Information technology
IUCN
International Union for Conservation of Nature
IWUL
Integrated water use licence
JSE
JSE Limited
JV
Joint venture
KAM
Key account manager
King IV
King IV Report on Corporate GovernanceTM for South Africa, 2016
KPI
Key performance indicator
kTTM
Total kilotonnes mined
Kumba Iron Ore
Kumba Iron Ore Limited
Kumba Resources
Kumba Resources Limited
LoM
Life of mine
LOS
Line of sight
LTI*
Long-term incentive
LTI*
Lost-time injury
LTIFR
Lost-time injury frequency rate
LTIP
Long-term incentive plan
MHSA
Mine Health and Safety Act, 1996 (Act 29 of 1996)
Mining Charter III
Broad-based Socio-economic Empowerment Charter for the Mining and Minerals Industry 2018
MLOSI
Matla line of sight incentive
MoI
Memorandum of incorporation
MPRDA
Mineral and Petroleum Resources Development Act, 2002 (Act 28 of 2002)
MSCI
Morgan Stanley Capital International
MSR
Minimum shareholding requirement
NBI
National Business Initiative
NCOE
Notional cost of employment
NDC
Nationally determined contribution
NEMA
National Environmental Management Act, 1998 (Act 107 of 1998)
NGO
Non-governmental organisation
NIHL
Noise-induced hearing loss
NOx
Nitrogen oxides
NPAT
Net profit after tax
NPO
Non-profit organisation
NUM
National Union of Mineworkers
NUMSA
National Union of Mineworkers South Africa
NWA
National Water Act, 1998 (Act 36 of 1998)
OECD
Organisation for Economic Co-operation and Development
OHIFR
Occupational health incident frequency rate
PEMS
Productivity and energy management services
PIT
Professionals in training
PM
Particulate matter
PV
Photovoltaic
QSE
Qualifying small enterprise
RBCT
Richards Bay Coal Terminal Proprietary Limited
RBR committee
Risk and business resilience committee
REIPP
Renewable Energy Independent Power Producer Programme
ROCE
Return on capital employed
RoM
Run of mine
SAICA
South African Institute of Chartered Accountants
SARS
South African Revenue Service
SDGs
Sustainable Development Goals
SERC
Social, ethics and responsibility committee
SIOC
Sishen Iron Ore Company Proprietary Limited
SLP
Social and labour plan
SMME
Small, medium and micro-enterprise
SO2
Sulphur dioxide
SPV
Special purpose vehicle
STI
Short-term incentive
TB
Tuberculosis
TCFD
Task Force on Climate-Related Financial Disclosures
TFR
Transnet Freight Rail
TGP
Total guaranteed package
TPI
Transition Pathway Initiative
Tronox
Exxaro's investment in Tronox entities
Tronox SA
Tronox KZN Sands Proprietary Limited and Tronox Mineral Sands Proprietary Limited
TSR
Total shareholder return
TVET
Technical and vocational education and training
TWFT
Tsitsikamma Community Windfarm Trust
UN
United Nations
UNFCCC
United Nations Framework Convention on Climate Change
UNGC
United Nations Global Compact
VARP
Value appreciation rights plan
WUL
Water use licence
YES
Youth Employment Service

*The abbreviation is context specific.

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OVERVIEW
Add section
Overview
Driving transition through leadership
About this report
Our strategic evolution
About Exxaro
Our ESG perspective
Transitioning into a low-carbon business
Measuring our performance
Strategic key performance indicators
Stakeholder management

ENVIRONMENT
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Environment
Air quality
Climate change resilience
Energy management
Water security management
Waste management
Biodiversity
Environmental liabilities and rehabilitation

GOVERNANCE
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Governance
Material themes in focus
Ethical culture
Performance and value creation
Adequate and effective control
Trust, good reputation and legitimacy
Board of directors
Our executive team
Audit committee report
Investment committee report
Remuneration committee report
Nomination committee report
Risk and business resilience committee report
Social, ethics and responsibility committee report
King IV application register
Remuneration report

SOCIAL
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Social
People
Communities
Human rights

ADDITIONAL INFORMATION
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Assurance report
Appendix A: Criteria
Glossary
Administration