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

Glossary

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W
AECFT
Amakhala Emoyeni Community Fund Trust
AGM
Annual general meeting
AMCU
Association of Mineworkers and Construction Union
B-BBEE
Broad-based black economic empowerment
BMP
Bonus and matching plan
BU
Business unit
CMRR
Consolidated Mineral Resources and Mineral Reserves
cps
Cents per share
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
EME
Exempt micro-enterprise
ERM
Enterprise risk management
ESD
Enterprise and supplier development
ESOP
Employee share ownership plan
FAWU
Food and Allied Workers Union
GBV
Gender-based violence
GHG
Greenhouse gas
GIS
Group incentive scheme
HDP
Historically disadvantaged person
HEPS
Headline earnings per share
HPIs
High-potential incidents
IFC
International Finance Corporation
IPP
Independent power producer
IWUL
Integrated water use licence
KAM
Key account management
King IV
King IV Report on Corporate GovernanceTM for South Africa, 2016
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
Key performance indicator
MPRDA
Mineral and Petroleum Resources Development Act, 2002 (Act 28 of 2002)
MQA
Mining Qualifications Authority
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)
NIHL
Noise-induced hearing loss
NPAT
Net profit after tax
NUM
National Union of Mineworkers
NUMSA
National Union of Metalworkers 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
OHSA
Occupational Health and Safety Act, 1993 (Act 85 of 1993)
PAIA
Promotion of Access to Information Act, 2002 (Act 2 of 2002)
PEMS
Productivity and energy management services
PIT
Professionals in training
POPIA
Protection of Personal Information, 2013 (Act 4 of 2013)
PV
Photovoltaic
QSE
Qualifying small enterprise
REIPPPP
Renewable Energy Independent Power Producer Procurement Programme
ROCE
Return on capital employed
RoM
Run of mine
SERC
Social, ethics and responsibility committee
SLP
Social and labour plan
SPV
Special purpose vehicle
STI
Short-term incentive
TCFD
Task Force on Climate-Related Financial Disclosures
TFR
Transnet Freight Rail
TGP
Total guaranteed package
TSR
Total shareholder return
TWFT
Tsitsikamma Community Windfarm Trust
UNFCCC
United Nations Framework Convention on Climate Change
UNGC
United Nations Global Compact
VARP
Value appreciation rights plan
WUL
Water use licence

* The abbreviation is context specific.

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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