Exxaro Resources Limited

Environmental, social and governance report for the year ended 31 December 2024

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Introduction

Introduction

Introduction

Exxaro is a JSE-listed company operating mainly in South Africa. Coal is our core commodity and we have an established energy solutions business.Our additional growth prospects include energy transition minerals and energy solutions.

Navigating this report Our reporting theme: Positioning Exxaro to win through our resilient strategy About Exxaro About this report
Our ESG approach

Our ESG approach

Our ESG approach

In delivering on our purpose of powering better lives in Africa and beyond, we strive to protect the natural ecosystems on which we rely and build a better future for people and the planet. To do this, we consider ESG factors in our strategic decision making, informing our approach to responsible and sustainable business practices.

Our ESG approach Embedding ESG in our business Delivering meaningful and positive impact Stakeholder-inclusive approach
Our environmental
stewardship

Our environmental
stewardship

Our environmental stewardship

To deliver on our strategic objective of becoming a catalyst for economic growth and environmental stewardship, we incorporate responsible business practices in everything we do. Not only do we aim to mitigate and manage our negative impact on natural resources, we also contribute to enhancing ecosystem resilience and the lives of our employees and communities.

Our environmental stewardship Striving for carbon neutrality Transitioning into a low-carbon business Prioritising climate change mitigation, adaptation and resilience Driving energy efficiency Protecting air quality

Safeguarding natural resources Restoring and protecting biodiversity Integrating mine closure and rehabilitation Improving water security Managing waste responsibly
Our social impact

Our social impact

Our social impact

As part of our Sustainable Growth and Impact strategy, we empower people to create impact while enhancing business sustainability. We aim to foster mutually beneficial relationships with our people, partners and host communities, equipping them with the capabilities, mindset and passion to achieve our purpose. We are committed to being accountable for our actions and creating a lasting, positive legacy.

Our social impact Empowering our people Prioritising safety Promoting health and wellness Maintaining sound employee relations Investing in talent

Building sustainable communities Empowering our communities Contributing to enterprise and supplier development Creating post-mining economies Driving supply chain sustainability Upholding and respecting human rights
Prioritising good
governance

Prioritising good
governance

Prioritising good governance

A robust governance approach is essential to our ability to create value. Aligned with our theme, Positioning Exxaro to win through our resilient strategy, we uphold good governance to drive sustainable growth and stakeholder confidence. This section highlights our commitment to responsible business practices that support our strategy and future readiness.

Prioritising good governance Governance and leadership 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 Committee reports 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

Supplementary information

Supplementary information

We have been engaged to provide a reasonable assurance opinion in our report on the following selected KPIs, marked with an “RA” on the relevant pages in the Report.

Assurance report Appendix A: Criteria Glossary Administration
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Our ESG approach

Our ESG approach

In delivering on our purpose of powering better lives in Africa and beyond, we strive to protect the natural ecosystems on which we rely and build a better future for people and the planet. To do this, we consider ESG factors in our strategic decision making, informing our approach to responsible and sustainable business practices.

In this chapter

We unpack our approach to ESG, which is guided by our ESG policy and Sustainable Growth and Impact strategy, enabling us to:

Embed ESG in our business by...

Deliver meaningful and positive impact by...

Recognition of our performance

ESG performance is an increasingly important determinant of a company's overall management, sustainability and risk. It is used by various stakeholders to inform investment and lending decisions – measuring and assessing Exxaro's exposure to ESG risks, and our mitigation and management efforts relative to our peers. We received several accolades this year in recognition of delivering on our ESG commitments, and our efforts to improve the transparency and accuracy of our reporting.

Chartered Governance Institute of Southern Africa

Our 2023 integrated report won the top 40 category at the 2023 integrated reporting awards. This award recognises Exxaro's commitment to innovation and excellence in integrated reporting.

Our placement in the EY Excellence in Integrated Reporting Awards excellent category over the past three years reflects our commitment to integrated thinking in strategic decision making.

Coal Safe 2023

Exxaro received four safety awards at the 2024 CoalSafe Awards – reflecting the progress we have made towards our goal of zero harm (read more about our safety awards).