Sustainability Report 2023 22 Our initiatives and performance In 2023, structuring activities were carried out at SDJ, TBR and TRA mines. The total land reclamation for SDJ (20 ha), TBR (83 ha) and TRA (3 ha) is approximately 106 ha, a decrease of 56% total land reclaimed from the previous year. Moreover, our TRA mine has carried out revegetation activities of sengon, pulai, durian, and pinang plants this year over an area of 2.57 hectares. Our goals and targets We are dedicated to avoiding and preventing negative ecological impacts of our operations by continuing the practice and rehabilitating the land once mining activities in a particular area have finished. Going forward, we aim to maintain good stakeholder relationships and implement environmental stewardship principles. ENERGY AND CLIMATE CHANGE [GRI 3-3, 302-1, 302-3, 305-1 to 305-4] How we manage this Geo Energy recognises the threat of climate change and the need to align our operations with global efforts to limit the increase in global temperatures. We are aware of the significant amounts of energy and greenhouse gas (GHG) emissions that our operations produce and are committed to adhere to all applicable environmental laws, and when practical, implement necessary operational changes to minimise these impacts. We are also cognisant of the physical and transitional climate risks that may impact our business, ranging from extreme heat and flooding to carbon pricing. To enhance our understanding of climaterelated impacts on the business, we published our inaugural Task Force on Climate-Related Financial Disclosures (TCFD) Report in the previous year in line with the SGX regulations and TCFD recommendations. This has helped us communicate to our stakeholders the climate-related risks and opportunities for our business and allowed us to design climate impact mitigation and adaptation strategies. Our TCFD Statement for this year’s report, which covers the governance, strategy, risk management, and metrics and targets involving climate-related risks and opportunities, is found in pages 28-32. We are deeply committed to effectively manage the energy impact of our operations through strict adherence with relevant environmental laws, optimal Environmental Management System (EMS) practices, and where practical, changes to our operations. Much of the energy we consume is utilised for mining operations (i.e. fuel for mining units), and the remaining energy is used to support mining operations, such as lighting in mines, staff dormitories, and food hall. The coal we produce is low in sulphur, ash and energy. These characteristics allow us to comply with the strict emission limits and guidelines laid out by the relevant environmental laws. To minimise energy impacts, we have implemented energysaving measures, such as replacing legacy machinery with more energy-efficient tools, and turning off unused machinery, lights and air conditioners when not in use. We also monitor the energy and fuel used for our mobile equipment and facilities to better identify hotspots for further energy reduction. Engaging with internal and external stakeholders is also an important pillar in our approach. For instance, we conduct awareness programmes annually, on energy saving measures to lower the energy usage by our employees. We also collaborate with two governmental agencies in Indonesia, the Regional Environmental Protection Agency (BLHD) and Ministry of Energy and Mineral Resources (ESDM), by allowing them to perform direct inspections on our business and monitoring of relevant environmental data. Geo Energy endeavours to implement best practices and initiatives to optimise our EMS approach and minimise the significant GHG emissions of our operations. Adhering to all applicable environmental laws is a priority for us to follow.
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