Geo Energy 33 services on our systems. We also encourage digitally responsible behaviour within the Group by discouraging employees from using personal computers for work and sending regular internal email reminders on phishing and other cybersecurity threats. We perform annual reviews on our systems such as the Enterprise Resource Planning system to ensure compliance with relevant IT policies and procedures. Our IT team also conducts tests on our servers to identify any potential risks for malware attack. Ensuring business continuity is an integral aspect of Group operations and we have in place an effective risk management approach to digital system disruptions that may impact our operations. Our initiatives and performance Geo Energy ensures compliance of our practices to the Cybersecurity Governance Framework 2021, and Geo Energy’s Data Protection Policy is aligned accordingly. In addition, we ensure that all our stakeholders are aware on cyber hygiene best practices along with our initiatives to manage data privacy through internal memos. Furthermore, we conduct annual cybersecurity trainings to enhance the awareness of our employees on the potential risks they may face in the cyberspace, and measures on how they can mitigate such risks. We conduct regular security updates and patches to reduce the technology and cyber risks that our day-to-day operations may face. A phishing simulation is also conducted periodically to test the awareness of our users and to ensure preparedness against scams. Tests on our servers are also regularly conducted for our live systems to identify any malware attacks or associated risks on an ongoing basis. All of the above control measures have been implemented and performed internally by our IT team. In 2023, we did not have any incidents of cyberattacks, and we will continue to ensure the robustness of our efforts to maintain our track record. Our goals and targets We strive to provide our employees with consistent and secure access to networks, IT, and data systems to allow our operations to run smoothly. Cybersecurity remains a priority to Geo Energy, and we will continue to emphasise the importance of digital security by offering secure VPN services and discouraging the use of personal computers for work. In addition, we will continue to have in place our current measures, such as the continuous evaluation of the effectiveness of our Enterprise Resource Planning system, educating our employees on identifying and reporting phishing emails, and conducting annual reviews to ensure compliance with IT policies. SUPPLY CHAIN MANAGEMENT [GRI 3-3, 204-1, 409-1] Through our robust supply chain management systems and policies in place, Geo Energy possesses the capability to deliver superior products to our customers, ensuring high quality at every step. How we manage this Main suppliers Geo Energy manages a wide-ranging supply chain across different regions and countries which contribute to our ability in delivering high quality products to our customers. Our main suppliers involve energy providers, fuel suppliers, infrastructure solution and maintenance providers as well as distributors, and contractors. However, we recognise the potential negative impacts of our supply chain on the wider environment ranging from oil and fuel spills, leakages of waste and chemical spills which also negatively impact the health of local communities. With the demand in coal remaining strong this year, Geo Energy strives to practise appropriate supply chain management to deliver high quality products to our customers through the following commitments: 1. Ensuring our suppliers are subjected to rigorous evaluation on their environmental performance 2. Protecting the health, safety and well-being of all workers within our supply chain 3. Minimising the negative environmental impacts in the markets we operate in. Responsible procurement Geo Energy continues to maintain a governance structure and a set of policies and practices that governs our procurement and supply chain management processes. We work closely with our suppliers and obtain their commitment to support the transparent and fair conduct of business. Our governance structure and policies provide direction for the decisionmaking process of the Group in its purchases of goods and services. Our approach to responsible procurement is to also foster financial conditions that support the livelihoods of local communities, hence we support local businesses where possible. This is also helpful in maintaining close working relationships. Geo Energy’s geographical definition of ‘local’ refers to being in the same country as our corporate office in Singapore, or in the same region as our corporate office in Jakarta, or our mining operations in Kalimantan and South Sumatra in Indonesia. Our Senior Management, Human Resources and Operation Department regularly reviews and manages our procurement policies and practices which include: • Criteria and processes for purchases and payables; • Selection and annual evaluation of vendors; • Local Recruitment and Procurement Plan; and • Supplier Code of Conduct.
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