Golden Mine Projects 2030 ESG Targets

In December 2021, the United Nations announced a comprehensive set of 2030 targets for its most important environmental, social, and governance (ESG) issues.

The aims included a promise to reduce its Scope 1 and 2 carbon emissions by 30% nett and 50% absolute by 2030. As a signatory to the Paris Climate Agreement, Golden Mine Projects is dedicated to achieving Nett Zero carbon emissions by 2050.

The company also set ambitious new goals for water and environmental sustainability, tailing facility management, and delivering value for its stakeholders, particularly host communities. Golden Mine Projects wants to increase employee safety, health, and well-being, as well as promote greater inclusion and diversity, by aiming for a 30% female workforce by 2030.

At the same time, Golden Mine Projects incorporated ESG as one of its three strategic pillars. The three pillars are as follows:

• Through people and innovation, maximise the potential of present assets
• Expand on our pioneering commitment to ESG
• Increase the value and quality of our asset portfolio

Its updated Purpose and Vision statements reflect the organization's increased commitment to ESG.

The new Vision is “To be the preferred gold mining company delivering sustainable, superior value”.

The Purpose Statement is “Creating enduring value beyond mining”.

The ESG priorities and their respective 2030 targets are:

Priority	2030 Targets
Decarbonisation	Reductions of 50% absolute and 30% nett emissions from a 2016 baseline (Scope 1+2) Zero nett emissions by 2050
Tailings management	Adherence to the Global Industry Standard on Tailings Management (GISTM) Reduce the number of active upstream raised TSFs to three
Water stewardship	80% water recycled/reused 45% reduction in freshwater usage compared to a 2018 baseline
Safety, health, wellbeing and the environment	Zero fatalities Zero serious injuries Zero serious environmental incidents
Gender diversity	30% women representation
Stakeholder value creation	30% of total value created benefits host communities 6 flagship projects benefiting host communities

Golden Mine Projects' work on ESG goals is supported by sound corporate governance and a dedication to openness. Golden Mine Projects has been listed among the top five mining businesses on the Dow Jones Sustainability Index for the past ten years. The worldwide Reporting Initiative (GRI), the Sustainability Accounting Standards Board, and the Taskforce on Climate-related Financial Disclosures (TCFD) are among the key worldwide reporting and sustainability frameworks against which it reports.