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

CEO's welcome

Building momentum and resilience for sustainable growth and impact

Welcome to our 2023 environmental, social and governance (ESG) report, which outlines the collective impact of our ESG initiatives and commitments to drive our strategy and the just transition to a carbon-neutral, sustainable future.
Dr Nombasa Tsengwa
Chief executive officer (CEO)
CEOs welcome

ESG in context

Exxaro's business activities impact our people, the environment and broader society. We have a responsibility to reduce our negative impacts, increase our positive impacts, and ultimately create mutually sustainable value for stakeholders and ourselves.

The challenges facing our macroenvironment influence how we manage our ESG impacts. These challenges include operating in South Africa (energy security, failing infrastructure, water scarcity and socio-economic development) and the mining industry (a socially and environmentally impactful industry), and being a critical supplier to South Africa's coal-based energy provider, Eskom.

Our approach to ESG is guided by our Sustainable Growth and Impact strategy, ensuring we deliver measurable results and impact considering our stakeholders' needs and concerns.


Exxaro recognises the imperative role we play in the responsible use and protection of the natural environment through conservation and sustainable practices – enhancing ecosystem resilience and the lives of our people and communities.


Our social approach to business is driven by our responsibility to be accountable for our actions and positively impact our people and communities – creating a holistic and lasting legacy for society.


Good governance is essential to our ability to create value. By prioritising transparency, accountability and integrity, we develop strategies that generate and preserve value while safeguarding from value erosion. This proactive stance aims to ensure that every decision is a step towards reinforcing stakeholder trust and powering a more sustainable future.

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

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

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

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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

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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

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Assurance report
Appendix A: Criteria