Richie Bros
BusinessNewsSouthern Africa

Exxaro ranked in Top 100 Best Emerging Market Performer according to Vigeo Eiris

Black empowered mining company, Exxaro Resources, has again been ranked as one the Top 100 Best Emerging Market performers by Vigeo Eiris.

The Vigeo Eiris ranking indicators reflect a company’s performance in the following five areas of corporate ESG responsibility: human rights, human resources, community involvement, business behaviour and corporate governance. This ranking is comprised of the best performing companies listed in developing markets which demonstrate social responsibility approaches that are most advanced in reference to a universe of 843 companies from 31 different countries.

“We are honoured to have been included in the Top 100 Best Emerging Market Performers again this year, this is our fifth year being included in the ranking which speaks to the company’s values and commitments” Mxolisi Mgojo, Exxaro CEO.

Exxaro’s continued commitment and dedication to societal responsibility has enabled this recognition. The mining company’s performance on four key socio-economic development areas enhances value creation and empowerment for local communities: education; health and the natural environment; infrastructure development; and enterprise supplier development (ESD). Through the ESD programme, Exxaro has supported 66 entities, including 44% of these are black-owned and 26% women-owned. These local businesses have grown total revenues by 160% since inception of the ESD programme in 2018 to R1.2 billion; R1.1 billion was derived from doing business with Exxaro.

“As a mining company, we aim to do our part and partner with government wherever possible to improve lives. We believe that we are more than just a mining company: we are part of the community, applying our resources to improve livelihoods wherever we operate. Our ESD and community development programmes’ key pillars of our Sustainable Growth and Impact strategy, are geared to be critical drivers of our strategic objective of being a catalyst for economic growth and environmental stewardship. Reference and consideration for climate change impacts are critical aspects of this strategy,” adds Mgojo.

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Mgojo further elaborates on the business’ response to the environmental impact at their operations. “Through strict adherence to policies designed to address the environmental impact of our mining operations, sustainability is built into everything we do – and monitored by two board-mandated committees: the Risk and Business Resilience Committee as well as the Social and Ethics Committee. Natural resources like water, air, biodiversity, and land are central to our business. We focus on responsible resource use by conserving natural resources and reducing the burden of pollutants on the environment,” concludes Mgojo.

Vigeo Eiris is part of Moody’s ESG Solutions. This ranking highlights a selection of issuers from emerging markets based on their environmental, social and governance (ESG) performance and independently from the volatility of their affiliation to frontier zones defined by the major index providers.

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