Our ESG report provides a holistic and transparent view of our ESG approach and performance during the year, and what we aim to achieve in future to address challenges and leverage opportunities.
Our double materiality determination process underpins how we distinguish the information to be included in our reporting suite by identifying matters that affect enterprise value (financial materiality) and those that impact the environment, communities and society (impact materiality). Recognising that sustainability matters can shift between these lenses, we conduct an annual assessment to reflect these changes in our reporting suite.
Detailed information about our materiality determination process can be found in the integrated report.
Information on ESG-related material matters.
Between one and five years
Between six and 10 years
More than 10 years
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IR# | ESG | AFS# | CMRR |
| Integrated Reporting Framework | x | x | x | |
| Companies Act, 2008 (Act 71 of 2008), as amended (Companies Act) | x | x | x | |
| International Financial Reporting Standards (IFRS®) Accounting Standards* | x | x | x | |
| JSE Limited (JSE) Listings Requirements and Debt and Specialist Securities Listings Requirements | x | x | x | x |
| Department of Trade, Industry and Competition (dtic) Broad-based Black Economic Empowerment (B-BBEE) Codes of Good Practice | x | x | ||
| The effective parts of the Broad-based Socio-economic Empowerment Charter for the Mining and Minerals Industry 2018 (Mining Charter III) | x | x | ||
| King IV Report on Corporate Governance™ for South Africa, 2016 (King IV)** | x | x | x | |
| South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves, 2016 edition (SAMREC Code) | x | x | x | x |
| In accordance with Global Reporting Initiative (GRI) standards | x | x | ||
| United Nations Global Compact (UNGC) | x | x | ||
| Sustainability Accounting Standards Board | x | x | ||
| Task Force on Climate-related Financial Disclosures (TCFD) recommendations*** | x | x |
| # | Integrated report; annual financial statements. |
| * | As issued by the International Accounting Standards Board. |
| ** | Copyright and trademarks are owned by the Institute of Directors South Africa NPC and all of its rights are reserved. |
| *** | This falls under the custodianship of the IFRS Foundation®. |
Exxaro complies with all relevant legislation and financial reporting frameworks while closely monitoring advancements in sustainability reporting. Exxaro fully supports the voluntary adoption of IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures, which were effective from 1 January 2024. These standards seek to provide a globally consistent and transparent framework, enabling businesses to disclose sustainability-related risks and opportunities comparably.
We are actively engaging with relevant industry bodies and monitoring ongoing government discussions regarding the potential implications of adopting the new sustainability standards for businesses in South Africa. While we are refining our approach, our immediate priority in 2024 was to develop our decarbonisation roadmap, which aligns with our broader sustainability commitments.
Refer to prioritising climate change mitigation, adaptation and resilience for details.
We recognise the integration of the TCFD into the ISSB's monitoring responsibilities and support the collaboration between the ISSB and the GRI to ensure complementary standards.
We apply a combined assurance model to support the integrity of information used in decision making and external reporting.
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