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Exxaro Resources Limited
Environmental, social and
governance report for the year ended
31 December 2023

Our approach

Our resilience as a business depends on the strength of our people and partners. We uphold our licence to operate through our people and DEI strategies, alignment with and commitment to internal policies, and our employee value proposition.

Our approach encompasses:

Prioritising safety, and integrated health and wellness
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We are committed to achieving zero harm through collective responsibility, prevention and risk awareness, supported by respective strategies.
Engaging employees and talent management
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Our employee value proposition is based on creating an innovative and inclusive work environment that encourages growth and development, supported by our DEI and talent management strategies, and sustainable people governance policies. The culture we strive to foster among employees enables us to deliver on our Sustainable Growth and Impact strategy while being mindful of the need to progress against our decarbonisation goals without leaving our employees and communities behind.

Our people strategy

Our people strategy informs our employee engagement approach. The strategy is based on six pillars that support our commitment to be a people-fit organisation, develop capabilities and enable human resources — building on our purpose to power better lives in Africa and beyond. Our people strategy is a catalyst for the five Sustainable Growth and Impact strategic objectives.

People at the heart
We differentiate ourselves by continuously evolving, creating impact through new ways of work and pursuing new opportunities

Lead with trust, adaptability and an outward mindset
through the Exxaro Leadership Way We empower our employees to truly live our values and foster a culture of trust without fear

Enable people through digital
We leverage internal and external partnerships to continuously optimise our people and performance services to better serve our people

Seamless employee experience
We collaborate with our employees to create compelling people-centred experiences throughout the employee lifecycle

Develop capabilities and grow talent
We evolve by demonstrating excellence, sharpening skills, pushing limits and realising our true potential

Future-fit organisation
We look at current and future trends, and continuously pivot our organisation with speed to remain relevant and take our people along on the journey

Cennergi implements its human resources framework through policies and procedures that align with Exxaro's standards. In instances where specific guidelines are absent, Exxaro's established policies and procedures serve as the benchmark.

Following board approval of a revised approach to our DEI strategy in 2022, we reviewed our policies and practices. This included aligning campaigns (in partnership with stakeholder affairs and communications) with strategic objectives. We used electronic and hybrid platforms for employee engagements, such as mobile phones and LetsConnect, supported by our employee assistance programme (EAP) providing wellness sessions to manage mental health, GBV and stigmatisation.

Accountability and responsibility

The SERC oversees people's health, safety, engagement and development. Our chief people and performance officer, supported by various management departments, is responsible for developing and implementing employee-related strategies.

CASE STUDY:

Demonstrating our commitment to our employees

Exxaro is proud of the recognition and commendable accolades our DEI policies and practices have earned.

For the third consecutive year, the Top Employers Institute recognised Exxaro as one of the top employers in South Africa based on strategy, work environment, talent acquisition, learning, wellbeing, diversity and inclusion. At the Top Empowerment Awards, Exxaro received the Top Empowered Company of the Year Award in the DEI in the Workplace category.

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BUSINESS OVERVIEW
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Navigating this report
Building momentum and resilience for sustainable growth and impact
About this report
Who we are

ESG IN CONTEXT
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Our approach to ESG
Transitioning into a low-carbon business
Delivering measurable results and impact
Stakeholder-inclusive approach

ENVIRONMENT
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Environment
Climate change adaptation and resilience
Air quality management
Energy efficiency
Water security
Biodiversity protection
Mine closure and rehabilitation
Waste management

SOCIAL
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Social
Building momentum with people
Prioritising safety
Integrated health and wellness
Engaged employees
Talent management
Co-creating and preserving value with communities
Enterprise and supplier development
Supply chain sustainability
Respecting and upholding human rights

GOVERNANCE
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Governance
Board key matters in focus
Ethical culture
Performance and value creation
Adequate and effective control
Trust, good reputation and legitimacy
Our board of directors
Executive leadership
Audit committee report
Investment committee report
Logistics committee report
Nomination committee report
Remuneration committee report
Risk and business resilience committee report
Social, ethics and responsibility committee report
Remuneration report

SUPPLEMENTARY INFORMATION
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Assurance report
Appendix A: Criteria
Glossary
Administration