EXXARO REAFFIRMS ITS COMMITMENT TO UPLIFTING AND DEVELOPING HOST COMMUNITIES

EXXARO REAFFIRMS ITS COMMITMENT TO UPLIFTING AND DEVELOPING HOST COMMUNITIES

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Exxaro hosted its Annual Financial Results Presentation for its 2020 financial year and to reaffirm its ongoing commitment to powering better lives in the communities the company operates in. “The community projects that we invest in address the current socio-economic challenges and offer solutions beyond the life of our mines for our communities to become independent and sustainable,” said Mzila Mthenjane, Executive Head of Stakeholder Affairs at Exxaro. While the world comes to grips with the COVID-19 pandemic, Exxaro has and will continue to proudly play its part in ensuring the well-being of its employees and community members.
ExxaroOur Climate Change Response Strategy is integral to our Sustainable Growth and Impact strategy and objectives as we understand that these elements of our business and operating environment are deeply connected. Our strategic response is also guided by our purpose of powering better lives in Africa and beyond. We believe our greatest opportunity is to help steer South Africa towards a sustainable future through undiluted focus on low-carbon minerals and energy. Our existing coal business portfolio will continue to remain relevant and central to our transition journey. South African government has outlined the energy transition of the country in the Integrated Resource Plan 2030. As the largest supplier of coal to Eskom we have the national responsibility to ensure that we continue to provide quality coal to Eskom during the energy transition process contained in the IRP-2030. We also recognise the risk of stranded assets due to transitional and physical risks of climate change that may make it difficult for our business to operate. To mitigate this risk we have implemented the Early value strategy that will optimise our coal resources to focus on realising maximum value in the shortest period. Climate change does not only present our business with risks, we are leveraging the opportunities presented by the transition to low carbon world. We are committed to meeting our target of being carbon neutral by 2050 by consistently reducing our direct emissions. We also have a responsibility to partner with our suppliers and customers in an effort to reduce our indirect emissions. Our metrics and targets will ensure we have visibility in our progress towards achieving this target and making our business climate-proof.

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