Exxaro Resources Limited
Environmental, social and governance report 2022

Our strategic evolution

We are responsibly transitioning to a low-carbon future by repositioning the organisation into a future-facing minerals and renewable energy business

  • Kumba Resources Limited (Kumba Resources) unbundled its iron ore business and created two separate focused mining groups - Exxaro Resources and Kumba Iron Ore (listed on the JSE in the general mining sector)

Listing share price: R57.58

  • Acquired Namakwa Sands
  • Sipho Nkosi appointed CEO
  • Deal of the Year Award; creation of Exxaro Resources Limited

Closing share price: R103.45

  • Signatory to the UNGC
  • Included in JSE Socially Responsible Investment Index

Closing share price: R71.90

  • Exxaro's Evergreen Awards instituted to recognise top performers in various categories

Closing share price: R104.50

  • Reduced HIV/Aids prevalence to 13% (the national rate was 25%)

Closing share price: R136.24

  • Progress with energy and carbon management measurements across the business

Closing share price: R168.00

  • Carbon Disclosure Project Leadership Index top score of 100 points
  • Among top 10 companies worldwide delivering highest returns to shareholders over 10 years
  • Cennergi (JV with Tata Power) formed to realise renewable energy ambitions

Closing share price: R169.00

  • Frost and Sullivan Visionary Innovation Leadership Award
  • Deloitte Best Company to Work For
  • Best risk information system implementation award (Institute of Risk Management South Africa)

Closing share price: R146.46

  • Top 10 global leaders in Carbon Disclosure Leadership Index

Closing share price: R103.50

  • Best Corporate Governance Award for Africa region (Ethical Boardroom magazine)
  • Acquired Total Coal South Africa

Closing share price: R44.04

  • Mxolisi Mgojo appointed CEO
  • 10-year black economic empowerment (BEE) ownership structure unwinds
  • Cennergi windfarms commissioned

Closing share price: R89.50

  • Replacement BEE transaction implemented

Closing share price: R162.50

  • Mid-cap winner in Chartered Secretaries Southern Africa Integrated Reporting Awards

Closing share price: R137.87

  • Coal Safe Awards for Matla 1 and Leeuwpan mines for 40 fatality-free years
  • Newcomer Award in Absa Business Day Supplier Development Awards 2019
  • Coal Safe Best Safety Performance for a company with over 10 000 employees

Closing share price: R131.14

  • Cennergi became a wholly owned subsidiary of Exxaro on 1 April 2020
  • Collaborated with communities, public and private sectors to mitigate COVID-19 (donated R20 million to Solidarity Fund)
  • Published climate change position statement
  • Secondary listing on A2X Markets

Closing share price: R138.90

  • 2020 ESG report won the ESG Investing best sustainability reporting award
  • Best manager of the year award for CEO, Mxolisi Mgojo
  • Remaining Tronox shareholding sold in March 2021
  • Disposed of our equity interest in ECC in September 2021

Closing share price: R154

  • 2021 integrated report ranked fifth at the 2022 EY Excellence in Integrated Reporting Awards
  • Achieved five fatality-free years in March 2022
  • Exxaro appoints its first female CEO, Dr Nombasa Tsengwa on 1 August 2022
  • Launched Social Impact and diversity, equity and inclusion strategies
  • Repacing of the energy business
  • Reaffirmed our strategy

Closing share price: R217.31

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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

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

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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

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Human rights

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Assurance report
Appendix A: Criteria