SUSTAINABILITY

According to us, sustainability is about how our activities and decisions can benefit our communities, Traditional Custodians, workers, partners, suppliers, and shareholders in the long run.

Sustainability at UST RESOURCES LLP

Our 2023 performance highlights

Economic sustainability

Environment

People and culture

Health and safety

Climate

Community

We have returned over $138 million to shareholders through share buybacks and dividends

$57 million (gross operated; direct and indirect) supporting the indigenous suppliers across Kazakhstan and CIS countries.

88 per cent of coal seam gas water beneficially reused

60 per cent of water generated is diverted from disposal

50 per cent reduction in high potential event rate (with fatality potential) compared to 2022

61 per cent reduction in moderate harm rate compared to 2022

New performance and reward framework rolled out

UST-RESOURCES LLP paid over $670,000 in childcare subsidy payments in Kazkhstan

Over $98 million invested in climate transition action plan initiatives

Undertook a detailed analysis of our material scope 3 emissions categories allowing for the development of our scope 3 emissions reduction plan

Committed to methane reductions by becoming a signatory to the 'Go Zero Methane Emission'

80 per cent completion on our good air quality project, direct air capture trials

206 cultural heritage officers engaged

78 agreement with traditional owner groups

$28 million in community investment (gross operated)

34 per cent increase in indigenous employees compared to 2022

Making a constructive contribution to our communities

In the communities where we operate, we are dedicated to collaborating with them to create partnerships that are courteous, mutually useful, and productive

This comprises

• Take the lead in managing cultural heritage and involving the community.

• Implement recruitment and development initiatives that follow industry best practices to provide communities and First Nations people with relevant professional options.

• Use our supply chain to actively collaborate with First Nation and Indigenous companies.

• Establish a positive legacy and increase the ability of the communities where we serve by offering them worthwhile training and job possibilities.

• Create supply chain opportunities to help local businesses, First Nations, and Indigenous people economically.

• Encourage local companies and timely payment of local taxes and rates to create sustainable communities.

• Invest in chances to increase local, Indigenous, and First Nations involvement through sourcing initiatives.

The participation of local stakeholders in the planning and monitoring of community development serves to support this over time. Our goal is to be trusted by and collaborate with the communities in which we operate. The Community Investment Framework of UST RESOURCES LLP helps guarantee that local stakeholders are included in all phases of community development and is in line with the Sustainable Development Goals of the UN.

Sustainability Advocacy

The Company's policy positions, which include those pertaining to human rights, anti-bribery and corruption, climate, environment, health and safety, local and Indigenous communities, diversity and inclusion, and other issues, serve as the foundation for all of our advocacy efforts, including direct and indirect engagement as well as responses to government consultations.

Human Rights

As a company with global operations, UST RESOURCES LLP is committed to supporting and respecting the protection of internationally recognised human rights as set out in the United Nations International Bill of Rights and works to align with the UN Guiding Principles on Business and Human Rights and the Voluntary Principles for Security and Human Rights in our practices and procedures.

Our commitment to the environment

Our commitment to the environment is focused on:

• Decommissioning and rehabilitation

• Water

• Biodiversity

• Air

• Waste