SUPPLY CHAIN MANAGEMENT GRI 3-3, 204-1 We maintain a robust supply chain management system designed to ensure the delivery of high-quality products to our customers while meeting environmental and social responsibilities. Policies and Procedures Main Suppliers Geo Energy manages a diverse supply chain across multiple regions, supporting the delivery of high-quality products to customers. Key suppliers include energy providers, fuel suppliers, infrastructure solution and maintenance providers, distributors, and contractors. At the same time, we acknowledge the potential environmental risks associated with supply chain activities, such as oil and fuel spills or chemical leaks, which may also pose health risks to nearby communities. To address these risks and and support the ongoing demand for coal, Geo Energy undertakes the following measures: • Conducting thorough evaluations of suppliers’ environmental performance. • Protecting the health, safety, and well-being of workers throughout the supply chain. • Reducing negative environmental impacts in the regions where we operate. Responsible Procurement Geo Energy has established a governance framework and policies that guide procurement and supply chain management. These policies promote transparency, fairness, and the adoption of sustainable practices. Where feasible, we also prioritise engagement with local businesses to support community livelihoods and strengthen collaborative relationships. For reporting purposes, “local” suppliers include those located in the same country as our corporate o"ce in Singapore, within the same region as our Jakarta o"ce, or in proximity to our mining operations in Kalimantan and South Sumatera, Indonesia. Senior Management, Human Resources, and the Operations Department routinely review and enhance our procurement processes, which encompass: • Purchasing and payment criteria. • Annual vendor evaluations. • A Local Recruitment and Procurement Plan. • Compliance with the Supplier Code of Conduct (CoC)8. Performance and Initiatives All suppliers are required to adhere to our Supplier Code of Conduct, which covers the following principles: • Protecting the health, safety, and well-being of workers. • Minimising environmental impacts associated with operations. • Conducting business ethically and fairly. • Complying with all applicable local laws and regulations. • Upholding labour standards and respecting human rights. Local Recruitment and Procurement As part of our Local Recruitment and Procurement Plan, we prioritise employing local workers and sourcing goods and services from local suppliers. In 2025, we assessed our ten most significant suppliers to ensure alignment with these standards. This resulted in 0.7% (Singapore o"ce) and 41% (Indonesia o"ce) of our procurement budget being directed towards local products and 77.2% (Singapore o"ce) and 36% (Indonesia o"ce) towards local service providers. Human Rights and Labour Standards We adhere to international labour standards, including the International Labour Organisation (ILO) Conventions and Singapore’s Employment Act. Employment within our organisation and across our supply chain is strictly voluntary, with all contracts aligned with applicable local labour laws. Ongoing monitoring is conducted to ensure that third-party contractors comply with these requirements. Our Goals and Targets Geo Energy aims to uphold responsible supply chain management practices, ensure the delivery of high-quality products, and support local communities through responsible procurement. 8 This includes general conduct, where we expect suppliers to perform their work in a reasonable, competent, and professional manner, demonstrating respect, integrity, courtesy, and collaboration. The Supplier Code of Conduct (CoC) also addresses confidentiality, ethical business dealings, and conflicts of interest that may adversely a!ect our business relationship. Additionally, suppliers are required to comply with applicable competition laws, equality and fair labour standards, health and safety regulations, and all relevant laws and regulations in the regions where they operate. 32 GEO ENERGY | SUSTAINABILITY REPORT 2025
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