Sustainability Report 2023 04 incorporating SGX’s climate reporting requirements. A summary of our TCFD qualitative disclosures can be found on pages 28-32. Overall, these internationally recognised sustainability reporting standards and frameworks were utilised as they offer comprehensive sustainability disclosure. The GRI Standards are widely recognised as a foundational framework for sustainability reporting while TCFD recommendations act as guidelines in disclosing climate-related financial information useful to investors, lenders, and insurance underwriters. We target to follow industry best practices in monitoring our sustainability performance by transparently and clearly reporting against these reporting practices. ASSURANCE [GRI 2-5] We engaged a third-party consultant to conduct a periodic evaluation of Geo Energy's policies, internal controls, and risk management concerning our sustainability reporting process. Although we have not requested external assurance during this reporting cycle, we will conduct external assurance in the upcoming years. FEEDBACK [GRI 2-3] We appreciate any questions, comments or suggestions to help us improve and progress further on our sustainability reporting journey. Please contact us at investor_ relations@geocoal.com. trading high-quality coal with low sulphur and low ash content from its Triaryani (TRA) coal mining asset located in South Sumatra. The data of GEE and TRA was included in this report from the date of acquisition. The procurement of the TRA mine signifies a significant expansion in our operational scope, which inherently results in elevated emissions in comparison to 2022. The increase in emissions observed can be attributed directly to our operational growth and does not necessarily indicate that our mines’ environmental performance is declining. Acknowledging our biodiversity and environmental obligations, we will endeavour to manage the environmental impact of our operational practice. REPORTING FRAMEWORK This sustainability report has been prepared with reference to the Global Reporting Initiative (GRI) Standards 2021 and GRI 12: Coal sector standards. Further details can be found in the GRI content index on pages 57-66. Given that Geo Energy is a listed entity on the Mainboard of Singapore Stock Exchange (SGX), we comply with the SGX Listing Rule 711 (A) and (B), as well as SGX’s enhanced disclosures on climaterelated information. We have enhanced our understanding of climate risks and opportunities by adopting the Task Force on Climate related Financial Disclosure (TCFD) since 2021, by Geo Energy Resources Limited, and from our mining contractors, PT Bukit Makmur Mandiri Utama (BUMA), PT Lancarjaya Mandiri Abadi (LMA), and PT Putera Kontrindo Abadi (PKA), are included in this report. Singapore and Indonesia are the countries of operation captured within this report. RESTATEMENT OF INFORMATION [GRI 2-4] We have restated past years’ data for emissions, water discharge, training hours and payments to providers of capital. Reasons for restatements and the effect of the restatements have been provided in the respective disclosure sections. CHANGES IN REPORTING SCOPE On 18 October 2023, the Group had successfully acquired PT Golden Eagle Energy Tbk, (GEE), an Indonesian coal mining group listed on the Indonesia Stock Exchange (stock code: SMMT). GEE has been producing and [GRI 2-2, 2-3, 2-4, 2-5] REPORTING SCOPE AND BOUNDARY [GRI 2-2, 2-3, 2-5] Our annual sustainability report illustrates the progress made in achieving sustainable development targets by outlining our sustainability approach and performance. This report highlights the key environmental, social and governance (ESG) aspects that align with the group’s values, stakeholders, and business operations. All information presented in this report correspond to the Group’s operations for the financial year from 1 January 2023 to 31 December 2023, which is in line with our Annual Report 2023. This report has been published on the Company’s website and uploaded on SGXNet on 29 April 2024. In compliance with the Greenhouse Gas Protocol, we used an operational control approach to establish the boundaries for our reporting organisations' data consolidation. The data from the operational mining concessions, owned about this report
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