Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Local Communities
• Health, Safety & Wellbeing
• Business Ethics
• Employment
• Tailings Management
• Training and Education
• Water
• Procurement
• Diversity and Equal Opportunity
• Human Rights
• Emissions and Climate Change
• Rehabilitation and Mine Closure
• Biodiversity
• Energy Use

Environmental Achievements

• Reduced total GHG emissions
• Improved performance in HSE audits
• Rehabilitated 13.85ha of land at Edikan

Social Achievements

• Increased local community employment from 47% in 2017 to 58% in 2019
• Halved community grievance numbers
• Founded a Women in Mining association at Sissingué with 29 members
• Provided 29 hours of training per employee

Governance Achievements

• Set up a compliance management system and database
• Updated Whistleblower Policy
• Enhanced Anti-Bribery and Corruption Compliance Management System

Climate Goals & Targets

Environmental Challenges

• Climate change
• HSE incidents at Sissingué, Yaouré, and Exploration

Mitigation Strategies

• Implementing HSE Management System and conducting audits against ISO14001 and ISO45001 standards
• Addressing identified gaps in HSE performance with corrective actions
• Reducing emissions

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Prioritising local organisations and businesses in procurement

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001, ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3
• SDG 4
• SDG 8

Perseus focuses on impacting three SDGs: SDG 3. Good Health and Well-being, SDG 4. Quality Education, SDG 8. Decent Work and Economic Growth

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Health, Safety, Environment, People, Security, Community
• Climate Change
• Human Rights
• Responsible Gold Mining

Environmental Achievements

• Zero significant environmental events
• Water intensity of 7.46 m3 per ounce of gold produced, benchmarked ahead of peers
• Enhanced tailings disclosures in line with the Investor Mining and Tailings Safety Initiative, and completed independent audits of all Tailings Storage Facilities (TSFs)

Social Achievements

• Increased social investment spend by 71% from CY19 to US$1.9 million
• Increased local employment from 94% in CY19 to 96%
• Increased local procurement from 66% in CY19 to 78% in CY20
• Maintained zero fatalities
• TRIFR of 1.29, a 47% decrease compared to CY19

Governance Achievements

• Refreshed materiality analysis to define sustainability risks and opportunities
• Sustainability performance framework aligned to international best practice, including commitment to the World Gold Council’s Responsible Gold Mining Principles, and reporting in line with GRI and SASB
• Reported climate change risk and opportunity in line with the Task Force on Climate-Related Disclosure, and calculated Scope 3 emissions

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic disrupting operations and community support
• Artisanal small-scale mining (ASM) incursions posing security, health, safety, and environmental concerns
• Dust, noise, and blasting issues leading to community grievances
• Potential for climate change impacts on water resources and operations
• Managing tailings dam integrity and stability

Mitigation Strategies

• Implemented COVID-19 management plans, provided community support and financial aid
• Four-pillar approach to managing ASM risks (security, compliance, engagement, strategic interventions)
• Dust suppression measures, community engagement, and compensation for grievances
• Water minimisation and management programs, climatic monitoring
• Independent safety inspections, robust TSF design and monitoring, adherence to ANCOLD standards

Supply Chain Management

Responsible Procurement

• Contracts and Supply Framework aligned with Values, Ethical Conduct Framework, and environmental and social standards
• Modern Slavery Management Plan

Climate-Related Risks & Opportunities

Physical Risks

• Extreme heat, flooding, drought, storms

Transition Risks

• Policy and legal changes (carbon pricing), technology shifts, market changes

Opportunities

• Gold's potential role in low-carbon technologies

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UN SDGs, World Gold Council Responsible Gold Mining Principles

Third-party Assurance: KPMG (pre-assurance)

UN Sustainable Development Goals

• Good Health and Well-being
• Quality Education
• Clean Water and Sanitation
• Decent Work and Economic Growth

Initiatives contributing to these goals through operational, procurement, and social investment activities

Environmental Metrics

ESG Focus Areas

• Health, Safety, and Wellbeing of Employees and Contractors
• Working with Communities
• Energy and Climate Change
• Tailings Management
• Human Rights and Labour Rights
• Responsible Sourcing
• Environmental Stewardship
• Governance and Compliance

Environmental Achievements

• Reduced greenhouse gas emissions intensity from 0.63 tonnes of CO2-e per ounce of gold produced in FY21 to 0.55 in FY22
• Zero significant environmental events
• Completed gap analysis for all tailings dams against the Global Industry Standard on Tailings Management (GISTM), and completed independent audits of all Tailings Storage Facilities (TSFs)

Social Achievements

• Maintained 96% local employment
• Maintained 81% local procurement
• Social investment spend of US$3.6 million (0.45% of revenue)
• Delivered critical health, education and livelihood projects

Governance Achievements

• Broadened sustainability metrics included in business performance scorecards (linked to executive remuneration) to include social and environmental metrics (15% weighting)
• Aligned sustainability performance framework to the World Gold Council’s Responsible Gold Mining Principles (WGC RGMPs)
• Extended third-party limited assurance to cover community donations and contributions, and conducted assurance readiness procedures over greenhouse gas and energy data

Climate Goals & Targets

Environmental Challenges

• One workplace fatality
• Illegal mining activities on Perseus’s mining and exploration licence areas
• Community tensions regarding employment, business opportunities, and crop and land compensation
• Security risks around the Sissingué mine due to ongoing political and social unrest
• Government administration issues delayed establishment of the Yaouré Community Development Fund
• COVID-19 continued to affect our people, operations and offices

Mitigation Strategies

• Completed an investigation into the fatality incident and shared learnings across the business
• Re-focussed the “Safely Home Every Day” project to transform Perseus’s health and safety culture
• Initiated an improvement program of health and safety critical risks and controls across all Perseus sites
• Worked closely with communities and relevant government authorities to manage and resolve complex issues
• Updated security measures at Sissingué
• Continued to work with the Côte d’Ivoire Government to resolve issues related to the Yaouré Community Development Fund
• COVID-19 management plans remained in place, with controls updated

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Contracts and Supply Framework aligned with Our Values, Ethical Conduct framework and environmental and social standards
• Supplier Code of Conduct
• Human rights and sustainability due diligence program

Climate-Related Risks & Opportunities

Physical Risks

• Extreme heat, heatwaves, precipitation intensity, flooding, and bushfire risk

Transition Risks

• Policy and legal changes related to climate change, new technologies, market shifts

Opportunities

• Development of energy-efficient products and processes, use of renewable energy

Reporting Standards

Frameworks Used: UN Sustainable Development Goals (UNSDGs), World Gold Council Responsible Gold Mining Principles, Global Reporting Initiative (GRI) Sustainability Reporting Standards, Task Force on Climate-Related Financial Disclosures (TCFD), Sustainability Accounting Standards Board (SASB), International Finance Corporation Performance Standards, Equator Principles, World Economic Forum International Business Council metrics

Third-party Assurance: PricewaterhouseCoopers (PwC)

UN Sustainable Development Goals

• SDG 8: Decent Work and Economic Growth

Perseus supports SDG 8 through employment opportunities, training, business development, and livelihood development projects.

Environmental Metrics

ESG Focus Areas

• Health, Safety and Wellbeing of employees, contractors and communities
• Stakeholders and Community
• Political and Sovereign Risk
• Ethical Culture, Compliance and Conduct
• Environmental Stewardship (including water stewardship, hazardous materials, biodiversity, air, land use, closure and climate change)
• Financial Sustainability
• Resource Growth and Replenishment
• Attracting and Retaining Talent
• Operational and Asset Performance
• Security of our People and our Business
• Cybersecurity

Environmental Achievements

• Reduced emissions intensity for a second consecutive year from 0.55 tonnes of CO2e per ounce of gold produced in FY22 to 0.51 tonnes in FY23
• Zero significant environmental or community events recorded in FY23
• 36% of general waste was recycled

Social Achievements

• Local employment of 95%
• Total economic contribution to host countries of ~US$537M
• Local procurement of 79%
• Stable group rolling 12-month total recordable injury frequency rate of 1.3
• US$4.2M in community contributions, up 18% from FY22
• 44% reduction in recorded grievances (total of 98 grievances)

Governance Achievements

• Extended third-party limited assurance to cover greenhouse gas and energy data
• Senior Leadership Team remuneration linked to sustainability
• Establishment of a Sustainability Committee

Climate Goals & Targets

Environmental Challenges

• Armed conflict in Sudan delaying Final Investment Decision on Meyas Sand Gold Project
• Decreased gold grade processed at Sissingué resulting in decreased production
• Maintaining a strong safety culture and reducing injury rates
• Managing illegal mining incursions at all operations
• Addressing community grievances related to building cracks and blast damage
• Managing climate-related risks (extreme weather, water scarcity, policy changes)

Mitigation Strategies

• Withdrawal of most employees from MSGP site pending resolution of conflict
• Implementing the Safely Home Every Day (SHED) program
• Strengthening security measures around TSFs
• Implementing blasting monitoring committee and community agreements at Yaouré
• Conducting comprehensive building surveys and repairs
• Implementing water efficiency and management strategies
• Integrating closure planning into all phases of the value chain
• Monitoring and managing water-related risks
• Continuously monitoring legal requirements and developments with regards to carbon pricing and tax

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Contracts and Supply Framework aligned with Perseus’ Values, Ethical Conduct Framework, and environmental and social standards
• Supplier Code of Conduct
• Modern Slavery Management Plan

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Water scarcity

Transition Risks

• Policy and legal changes
• Technological changes
• Market shifts

Opportunities

• Energy efficiency improvements
• Renewable energy integration

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UN SDGs, World Gold Council RGMPs

Certifications: ISO 14001, ISO 45001

Third-party Assurance: PricewaterhouseCoopers (PwC)

UN Sustainable Development Goals

• SDG 3 (Good Health and Well-being)
• SDG 4 (Quality Education)
• SDG 6 (Clean Water and Sanitation)
• SDG 8 (Decent Work and Economic Growth)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 11 (Sustainable Cities and Communities)
• SDG 13 (Climate Action)
• SDG 17 (Partnerships for the Goals)

Perseus contributes to these SDGs through its operational, procurement, and social investment activities.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Local Procurement
• Emissions Intensity
• Total Recordable Injury Frequency
• Gender Diversity
• Local Employment
• Total Economic Contribution
• Safety

Environmental Achievements

• Emissions intensity remained relatively stable at 0.53t CO2e/oz compared to 0.51 tonnes in FY23
• Zero significant environmental events

Social Achievements

• Local procurement increased to 87% (up from 79% in FY23)
• Local employment remained high at 96% (up from 95% in FY23)
• Total economic contribution to host countries increased to US$717m (up from US$537m in FY23)
• Achieved executive gender diversity of 50%
• Achieved Board gender diversity of 33%

Governance Achievements

• Improved rolling 12-month average Total Recordable Injury Frequency rate to 1.06 (from 1.2 last year)

Climate Goals & Targets

Environmental Challenges

• Extreme weather conditions at Sissingué resulted in a poor start to the financial year.
• Security instability at Meyas Sand Gold Project (MSGP) in Sudan delayed operations.
• Reduced ore and waste movements at Yaouré delayed access to higher-grade ore.

Mitigation Strategies

• Implemented an accelerated mining program at Yaouré.
• Resumed exploration and drilling activity at MSGP after re-establishing the mining camp.
• Continued engagement with governments in operating countries.

Supply Chain Management

Responsible Procurement

• Increased local procurement to 87%

Climate-Related Risks & Opportunities