Geo Energy 21 managing our environmental footprint As a major mining company in Indonesia, we recognise the potential negative environmental impacts that arise from our operations, such as spills originating from oil, fuel, wastes and chemicals. We are dedicated in preventing the occurrence of these impacts and to minimise these risks by maintaining stringent environmental standards and practices in line with global standards. However, where negative environmental impacts are unavoidable, we strive to minimise the environmental risks through close collaboration with on-site workers and mining contractors. Our comprehensive approach aligns with ISO 14001:2015 standards for Environmental Management Systems (EMS). Furthermore, we have established an Environmental and Social Management System (ESMS) across all our assets, in accordance with international benchmarks such as the Equator Principles III and International Finance Corporation's Performance Standards (IFC PS). BIODIVERSITY [GRI 3-3, 304-1] How we manage this Biodiversity is a highly ranked material topic for Geo Energy as we are cognisant of the potential impacts our mining activities have on the health of local ecosystems. We are committed to managing our environmental footprint and mitigating biodiversity risks, as evidenced by our implementation of strict environmental management practices certified under ISO14001:2015 standards across all assets with the exception of the TRA mine, which was acquired in October 2023 and will be expected to follow the same standard of practice from the next financial year. This proactive approach not only aims to preserve biodiversity- rich locales but also to fortify our commercial endeavours. Through the adaptation of robust environmental management procedures, including the ISO 14001:2015 EMS and a comprehensive ESMS, we systematically address biodiversity impacts, thereby enhancing ecosystem health, lowering business risks and strengthening overall business operations. Furthermore, we ensure that our mining assets, including those owned by contractors, in Indonesia do not reside in or near protected areas and regions with high biodiversity value. To manage our impacts on biodiversity, we avoid choosing assets that are situated in or close to areas of high biodiversity value. We target to mitigate and remediate environmental and ecological impacts where impacts are unavoidable. By doing so, we work towards preventing and mitigating adverse ecological effects by taking prospective effects into account when choosing mining concessions. We aim to sustain positive stakeholder relations and use environmental stewardship principles. Despite this, we recognise that our activities may invariably produce negative impacts on biodiversity. For instance, our TRA mine may produce air pollution due to exhaust gas emissions from the mining equipment while local species and habitats may be disrupted due to land clearing for mining activities. As a result, we are implementing key mitigation measures to limit these impacts. For instance, we adopt a strategic approach to post-mining reclamation, where we have agreed with the landowner to borrow, use and return the land once coal mining activities are completed. As a result, whenever we initiate mining activities, the topsoil that is excavated will eventually be stored for land reclamation purposes. We work closely with our third-party contractors to implement industrystandard approaches to land reclamation by preserving materials over the coal seam or ore body which can be re-used to rehabilitate the landscape once mining activity is completed, maintaining soil quality and fertility.
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