EXXARO KEEPS
WINNING
AND LEADING THE WAY
This year marks the fourth time Exxaro has been recognised as a “Top Employer” and was again top choice for graduates in the Gradstar Students’ Choice Awards. Exxaro also rates highly on the 2023 Bloomberg Gender-Equality Index, thanks to our continued commitment to gender equality across all levels of the organisation. And when it comes to leading the way for a greener, cleaner economy, Exxaro has not only improved its Environment, Social and Governance (ESG) rating but its Transition Pathway Initiative (TPI) ranking too. It’s thanks to everyone at Exxaro that we continue to “power better lives in Africa” and inspire other companies to follow our lead.
Exxaro has once again been recognised as a Top Employer in South Africa for 2023, according to the international Top Employers Institute.
Maintaining high standards in terms of employee satisfaction and talent management are the main reasons for our continued success, proving that it is possible to succeed financially and take care of your staff simultaneously,” said Hemuna Bhola, Acting Executive Head Human Resources at Exxaro.
In the last 30 years, the Top Employers Institute has certified over 2 000 organisations in 121 regions across five continents. This is done through a combination of employee participation and its HR Best Practices survey, which looks at six human resources domains including work environment, talent acquisition, and diversity and inclusion.
Together, Top Employers positively impact the lives of over nine million employees globally.
TOP RATINGS AND RANKINGS FOR EXXARO’S CLIMATE CHANGE RESPONSE
Exxaro is leading the way for a greener, cleaner future. Thanks to our commitment to a Just Energy Transition, we not only improved our FTSE Russell ESG rating to 4.0 out of 5 for 2022 (from 3.8 in 2021), we also received a Transition Pathway Initiative raking of 4/4 for the same period.
What does a 4/4 TPI ranking mean?
The TPI ranking is an international initiative that assesses a company’s transition to a low-carbon economy and is used as a benchmark to measure how committed a company is to corporate climate action. Obtaining a 4/4 high score reflects Exxaro’s commitment to managing greenhouse gas emissions and indicates to stakeholders and investors that Exxaro is well positioned to benefit from opportunities presented by the low-carbon transition.
Dr Nombasa believes that Exxaro is on track with its Just Transition.
“We are proud to be recognised yet again by TPI on our commitment to reduce scope 1 and 2 carbon emissions from our operations by 43% by 2026. Our vision of producing resources that power a clean world enables our environmental sustainability practices which are guided by our Sustainable Growth and Impact (SG&I) strategy.”
Why is the FTSE Russell ESG Index important?
This is an important indicator of how a company is doing in terms of managing its environmental, social and governance issues. According to the FTSE Russell ESG Index Ratings, Exxaro’s rating just keeps on improving – from 3.7 in December 2021 to 3.8 in June 2022 and now 4.0 in December 2022.
The ESG Rating is an average rating built on over 300 individual indicator assessments. While Exxaro’s Governance rating leads the charge with a 4.7 rating, we made significant improvements in the Environment category, specifically towards climate change mitigation with a rating of 4.0. Exxaro also achieved a Green Revenues Factor rating of 3.64% for the first time, thanks to our actionable commitments towards a Just Transition. Exxaro was the only basic resources company to show any improvement on its rating.
“We are immensely proud of our improved ESG and Green Revenues Factor ratings with sustainable development being the most conducive way to address systematic inequality without compromising the future survival of our planet,” said Dr Nombasa.
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