Exxaro Resources Limited
Environmental, social and governance report for the year ended 31 December 2025 
Supplementary information

Glossary

ALL
B
C
D
E
G
H
I
K
L
M
N
O
P
Q
R
S
T
U
V
W
B-BBEE
Broad-based black economic empowermen
BCEA
Basic Conditions of Employment Act, 1997 ( 75 of 1997)
BMP
Bonus matching plan
Board
Exxaro Resourced Limited's board of directors
BU
Business unit
CDP
Carbon Disclosure Project
CHIETA
Chemical Industries Education and Training Authority
DBP
Deferred bonus plan
DBS
Deferred bonus scheme
DEI
Diversity, equity and inclusion
DFFE
Department of Forestry, Fisheries and the Environmen
DMPR
Department of Mineral and Petroleum Resources
DoE
Department of Education
DoH
Department of Health
dtic
Department of Trade, Industry and Competition
DWS
Department of Water and Sanitation
EBITDA
Earnings before interest, taxation, depreciation and amortisation
ECD
Early childhood development
EEA
Employment Equity Act, 1998 (55 of 1998)
EME
Exempt micro-enterprise
ERM
Enterprise risk management
ESD
Enterprise and supplier development
ESOP
Employee share ownership plan
EWP
Employee wellness programme
EWT
Endangered Wildlife Trust
GBV
Gender-based violence
GHG
Greenhouse gas
GIS
Group-wide incentive scheme
HDP
Historically disadvantaged person/people
HPIs
High-potential incidents
IFC
International Finance Corporation
IFRS
International Financial Reporting Standards
ILO
International Labour Organization
ISSB
International Sustainability Standards Board
King IV
King IV Report on Corporate GovernanceTM for South Africa, 2016
kTTM
Kilotonnes mined
LoM
Life of mine
LSP
Lephalale solar plant
LTI*
Lost-time injury
LTI*
Long-term incentive
LTIFR
Lost-time injury frequency rate
LTIP
Long-term incentive plan
M&A
Mergers and acquisitions
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
MoI
Memorandum of incorporation
MoU
Memorandum of understanding
MPRDA
Mineral and Petroleum Resources Development Act, 2002 (Act 28 of 2002)
MQA
Mining Qualifications Authority
MSP
Minerals succession programme
MSR
Minimum shareholding requirement
NCOE
Notional cost of employment
NEMA
National Environmental Management Act, 1998 (Act 107 of 1998)
NIHL
Noise-induced hearing loss
NPAT
Net profit after tax
NWA
National Water Act, 1998 (Act 36 of 1998)
OECD
Organisation for Economic Co-operation and Development
OHIFR
Occupational health incident frequency rate
PIT
Professional in training
PM
Particulate matter
PMO
Portfolio management office
PV
Photovoltaic
QSE
Qualifying small enterprise
RA
Reasonable assurance
RBR
Risk and business resilience
ROCE
Return on capital employed
RoM
Run of mine
SERC
Social, ethics and responsibility committee
SLP
Social and labour plan
STI
Short-term incentive
TCFD
Task Force on Climate-related Financial Disclosures
TNFD
Taskforce on Nature-related Financial Disclosures
TSR
Total shareholder return
The group
Exxaro Resourced Limited
UNGC
United Nations Global Compact
VARP
Value appreciation rights plan
VFL
Visible felt leadership
WUL
Water use licence

* The abbreviation is context specific.