Listed on the JSE Top 40 Index and the Socially Responsible Investment Index, we are proud to be an organisation that is recognised for its innovation, ethics and integrity.
Coal is the core commodity of our business, with assets including Grootegeluk – the only coal-producing mine in the Waterberg region and one of the largest integrated mining and beneficiation operations, globally. However, we understand the importance of fossil fuel opportunities and changing global imperatives, and are determined to adapt and redefine our strategic direction as we enter a new decade to 2030.
To live up to our promise of serving all our stakeholders – shareholders, employees, communities, partners, and society at large – we will also continue to work together to drive sustainable development and value creation.
To produce resources that Power a Clean World. Powering Better Lives in Africa and Beyond is our purpose.
This is what drives our ambition to provide resources (beyond just commodities) that are critical in a low-carbon world.
Our Sustainable Growth and Impact strategy enables us to deliver on this vision and our success lies in the strength of organisations’ our culture and values. Through our strategy, we aim to transform Exxaro in a systematic and integrated manner into a diversified company that will transition from a coal base to a minerals and renewable energy solutions business that will thrive in a low-carbon future.
Guided by our purpose to Power Better Lives in Africa and Beyond, we understand that we cannot grow sustainably without deliberately creating a positive impact in the environment and communities we serve. We remain committed to responsibly maximising the value of our coal assets whilst we play an active role in creating a future which enables our vision – “Resources Powering a Cleaner World.”
We are on a journey to support a sustainable South Africa through an unwavering focus on energy security. Our people and communities inspire every decision we make and every action we take. We achieve this by responsibly investing in Resources Powering a Clean World.
As we grow, innovate and adapt as a business, we inch closer to realising our purpose of Powering Better Lives in Africa and Beyond. Coupled with this critical responsibility, we also aspire to promote a cleaner way of living by balancing our mining and energy portfolios.
Our Business Activities
Our business activities align with our strategy of strengthening our resilience and ensuring we deliver sustainable shared-value through a robust portfolio in a low-carbon economy.
Our purpose guides our activities. This ensures that we continue to provide critical resources that support South Africa's sustainable economic and social development. This is done in a way that will accelerate change and ultimately safeguard the value we create for all our stakeholders over time. We are committed to making a deliberate positive impact through our physical outputs and the way we do business.
Our activities include:
- Renewable energy solutions:
- Strategising for future relevance and the Just Transition:
- Diversified equity investments:
In November 2006, Kumba Resources Limited unbundled, and Kumba’s coal and other assets merged with Eyesizwe Coal to create Exxaro Resources Limited. Exxaro has since grown to become one of the largest black-empowered and diversified mining companies in South Africa.
While coal mining remains our core commodity, we understand the nature of opportunities in the fossil fuel sector and changing global imperatives.
We are committed to creating a more sustainable future for South Africa by expanding our business portfolio to include renewable, low-carbon resources.
Strong leadership is crucial for our continued commitment to sustainable value creation. Exxaro is led by a Board of Directors and an Executive Committee. The Board is responsible for deciding and supervising the activities (strategic and operational) and performance of Exxaro, while balancing the company's interests as a responsible corporate citizen with the legitimate needs and expectations of stakeholders.
Within a constantly changing business environment, board members and executive management have a critical role to create value for the business and society. This requires the board and executive management to examine the company’s impact on society and how it could make a positive difference in the communities where Exxaro operates by embedding societal values deep into our core purpose, strategy, and everyday decision-making. Our group’s corporate governance framework, structure and processes further strengthen this, overseeing sustainability matters, including reporting and accountability.
Ethic, integrity and all related policies:
We are pleased to inform you of our latest BBBEE scorecard for the period 2022/2023. We achieved a recognition Level 3 for this period, compared to Level 2 in the previous period.
The lower rating is attributable largely to our performance in the ESD category, where Exxaro achieved a higher NPAT than budgeted for the financial year ended 31 December 2021. Hence, the budgeted 3% of NPAT spent by the end of the financial year was much lower and we were unable to spend the additional required amount for the Enterprise and Supplier Development Programmes during the last quarter of 2021. We have prepared better for the 2022 financial year in this regard to ensure that we fulfill both our compliance obligation and commitment to socio-economic investment in our host communities for improved livelihoods and employment creation.