Our material matters guide our integrated reporting process, which is driven in turn by strategic and integrated thinking that enables sustainable value creation and preservation. These matters help us manage our risks and opportunities, and guide our commitment to our stakeholders. We determine these material matters through a detailed materiality determination process.

DETERMINING MATERIALITY

The purpose of our materiality determination process is to give our stakeholders insight into the matters that may affect our ability to create and preserve value over time.

Materiality determination process

MATERIALITY MATRIX

Our materiality determination process identified 18 material matters. These are shown in the matrix that follows, reflecting their importance for Exxaro and our stakeholders. The identified material matters are mapped into five broad themes:

Theme		Material matters
Macro-environment The context in which we operate considering these material matters.		Price and currency volatility Country risk Infrastructure access and capacity Climate change resilience Social unrest
Business resilience The business's ability to respond to key macro-issues and success in achieving its objectives.		Key customer dependency Financial performance and resilience Prudently maximising the value of our coal portfolio Supporting a just transition to a low-carbon economy Cost competitiveness of our products Capital allocation Legal, regulatory and compliance excellence Cybersecurity, technology and digitalisation

^# Where organisations are oriented to serve the interests of all their stakeholders.

Theme		Material matters
Our people We refer to the organisation's internal stakeholders and our external stakeholders in our supply and value chains.		Legal, regulatory and compliance excellence Transparency, ethics and integrity Workforce: culture, capability, diversity, inclusion and innovation Health, safety and wellness
Social licence to operate We operate in an environment of stakeholder capitalism# and where our business activities impact our stakeholders who respond to these impacts. This interaction provides for a social licence to operate supporting regulatory licences and permits.		Social unrest Supporting job and business creation Supporting a just transition to a low-carbon economy
Climate change Climate change is no longer a refutable occurrence. We are committed to the Paris Agreement and have established business objectives to respond to the risks and opportunities presented by climate change.		Responsible environmental stewardship Climate change resilience Supporting a just transition to a low-carbon economy

For more information on our material matters.