SUSTAINABILITY SOLID GROUND. STEADY GROWTH Anchored by our theme of Solid Grounds. Steady Growth, the Group continued to strengthen the foundations of a more resilient and sustainable business in 2025. During the year, we completed the divestment of two mine assets, sharpening our strategic focus and reducing our exposure to carbon‑intensive operations. At the same time, we advanced our vertical growth ambitions by acquired controlling stakes in two established Indonesian shipping companies operating fleets of tugs and barges. This strategic move enhances operational integration across our value chain while positioning the Group to pursue next-generation opportunities in electric vessels and cleaner fuel technologies. It supports our commitment to responsible growth and aligns with Indonesia’s push for sustainable infrastructure and greater domestic value creation. Our sustainability journey is grounded in responsible mining practices that aim to balance economic progress with environmental stewardship and the wellbeing of our communities. In line with the GRI 12 (Coal Sector) Standard and the SGX Core ESG Metrics, we outline our key performance highlights and reaffirm our commitments to sustainable development. GOVERNANCE AND COMPLIANCE We uphold strong standards of governance, risk management and transparency through a robust Enterprise Risk Management (ERM) Framework, enabling us to effectively identify, manage and mitigate climate related risks across our operations. During the year, we refreshed our climate-related scenario analysis to include TRA coal mine and continued strengthening our alignment with international reporting expectations as we gradually transition from the Taskforce on Climate-related Financial Disclosures (“TCFD”) recommendations to the IFRS S1 and S2 Standards. In support of responsible mining practices, we maintain strict compliance with applicable regulatory requirements and prioritise responsible sourcing throughout our supply chain. We remain committed to fostering stakeholder transparency and strong customer relationship management as part of our approach to responsible and sustainable governance. ENVIRONMENTAL STEWARDSHIP In line with the GRI 12 (Coal Sector) Standard and the SGX Core ESG Metrics, we present our key environmental performance highlights, including our management of greenhouse gas emissions, waste, water withdrawal and biodiversity. These efforts reinforce our commitment to minimising environmental impact while supporting long‑term operational resilience. Energy and Greenhouse Gas (“GHG”) Emissions In this reporting period, our Scope 1 emissions amounted to 1,037 tCO2e, primarily from direct fuel combustion in mining and transportation activities. Our Scope 2 emissions totalled to 321 tCO2e, arising from purchased electricity consumption, while Scope 3 emissions were 134,769 tCO2e, reflecting indirect emissions across supply chain. The emission intensity of our mining operations stands at 0.0216 tCO2e per tonne of coal produced. Environmental Impact and Waste Management We implement waste reduction, reuse and segregation measures, while continually refining our processes to minimise disposal to landfill. We also work closely with authorised contractors to ensure the safe handling and disposal of hazardous waste, thereby reducing our environmental impact. During the year, our total waste generation amounted to 2,674.90 metric tonnes. Water Withdrawal and Discharge We prioritise responsible water management through stringent policies that govern withdrawal and ensure compliance with safe discharge standards. To evaluate the potential impacts of water use on local resources and ecosystems, we conduct regular water risk assessments, water quality monitoring and water management following our permits and Environmental Impact Assessment (“EIA”) document. During the year, total water withdrawn reached 211,015 cubic metres. 42
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