Sustainability Report 2023 12 SUSTAINABILITY GOVERNANCE [GRI 2-9, 2-10, 2-11, 2-14, 2-15, 2-17, 2-18, 2-19, 2-20, 2-21, 2-24] We stay committed in maintaining good corporate governance practices through disciplined risk management and strong compliance to policies and regulations. Our sustainability framework is embedded within our management, governed by the Enterprise Risk Management (ERM) Working Group, where the ERM Working Group identifies sustainability risks and opportunities across operations. This enables the Group to create and deliver tailored solutions, as well as to generate value. The Board (including the Board of Directors) represents the highest governance body in Geo Energy and recognises the importance of managing the Group’s impacts on the people, environment, and economy around us. The Board is assisted by the Chief Executive Officer (CEO), who oversees the management of the Group’s sustainability strategies, key ESG related matters including climate-related issues and their related impacts, the review of the materiality assessment and the relative importance of the material topics to ensure that they remain relevant to our business context, as well as the management of stakeholders’ expectations. Where there have been any major changes and any areas of concern to be considered during the materiality assessment, the refreshed list of material topics will be reviewed and approved. Our CEO, together with respective Heads of Departments and the Mining Operation Team, are responsible for managing sustainability related matters across day-to-day operations and areas of concern. The Board is responsible for overseeing the corporate governance of the Group. The principal functions of the Board are: • overseeing the Group’s long-term strategic objectives and direction, taking into consideration sustainability issues; • overseeing the management of the Group’s business affairs, financial controls, performance and resource allocation; • assisting the establishment of prudent and effective controls to assess and manage risks, safeguard shareholders’ interests and the Group’s assets; and • setting Geo Energy’s values and standards (including ethical standards) and ensuring that obligations to shareholders and other stakeholders are understood and met. The Board (includes Board of Directors) Respective Heads of Department and Mining Operation Team Enterprise Risk Management (ERM) Working Group CEO
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