Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Sustainability
• Social Sustainability
• Environmental Sustainability

Environmental Achievements

• Produced ~1.2 Mtpa of steel from recycled steel.
• All major manufacturing operations and SIMEC’s iron ore mining operations achieved ISO 14001:2015 certification.
• Launched Viribar™750, a high-strength steel ligature reducing mass and embodied energy by 33%.

Social Achievements

• Improved lost time injury rate by 30% to 1.2.
• Zero fatalities reported.
• 11 participants of Operator in Training Program given full-time positions.
• GFG Foundation Australia Pilot Program launched to support the next generation of industrialists.

Governance Achievements

• Established GEM Continuous Improvement program.
• Revised Procurement Policy and Principles to accommodate modern slavery.
• Health, Safety and Environment (HSE) Council established.

Climate Goals & Targets

Environmental Challenges

• Cyclical nature of industries.
• Competition.
• Dependence on key customer and supplier relationships.
• Product risk.
• Operational risk.
• Domestic and global economic environment and market conditions.
• Managing liquidity and debt level.

Mitigation Strategies

• Rapid Payback Opportunities identified and invested in (34 projects, $28 million annual benefit).
• Focus on supply chain efficiencies and labor cost reductions.
• Investment in modernized systems, new and existing sites and operating plants.
• Comprehensive risk management systems implemented.
• Internal and external audit processes in place.

Supply Chain Management

Responsible Procurement

• Indigenous procurement partnerships (Walga Mining, Indigenous Metal Recycling).

Climate-Related Risks & Opportunities

Opportunities

• 1GW renewable energy program (Cultana Solar Farm, Playford Utility Battery).

Reporting Standards

Frameworks Used: ISO 14001:2015

Certifications: ISO 14001:2015

Sustainable Products & Innovation

• Viribar™750 high-strength steel ligature

Awards & Recognition

• World Safety Excellence recognition program
• National and State Safety Excellence awards

Environmental Metrics

ESG Focus Areas

• Economic Sustainability
• Social Sustainability
• Environmental Sustainability
• Governance

Environmental Achievements

• Produced ~1.2 million tonnes of steel from electric arc furnaces using recycled steel.
• Developed the 280-megawatt Cultana Solar Farm and 100MW Playford Utility Battery project.

Social Achievements

• Launched a global safety strategy, 'Be GFG Safe'.
• Launched a new apprenticeship program in Whyalla, Australia.
• Implemented the 'I Am Here' program to support employee mental health and wellbeing.
• Supported local communities through financial support, mentoring, and in-kind donations.

Governance Achievements

• Established a Health, Safety and Environment (HSE) Council.
• Revised Procurement Policy and Principles to accommodate modern slavery.
• Engaged KPMG to audit financial accounts.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact.
• High energy consumption in steel and aluminum production.
• Competition in the steel and aluminum markets.
• Managing risks associated with steel manufacturing (e.g., operational risks).

Mitigation Strategies

• Implemented COVID Safe practices and procedures.
• Committed to becoming Carbon Neutral by 2030 (CN30) through investments in renewable energy and GREENSTEEL technologies.
• Implemented continuous improvement initiatives to increase efficiency and reduce costs.
• Established risk profiling systems for identifying, assessing, monitoring, and managing material risks.

Supply Chain Management

Responsible Procurement

• Supplier Standard (code of conduct) addressing human rights, zero tolerance to human trafficking, child labor, or the use of conflict minerals.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 14001:2015

Certifications: ISO 14001:2015

Third-party Assurance: KPMG

Sustainable Products & Innovation

• Viribar™ high-strength steel ligature

Awards & Recognition

• Commendation Award - Innovation in Environmental Management (SA Premier’s Awards for Energy and Mining)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Safety
• Community Engagement
• Modern Slavery
• Economic Sustainability

Environmental Achievements

• Production of first high-quality low-carbon iron enabling pellets
• Commissioning of a 400tph demonstration plant to test technology for decarbonised steel production
• Recertification of all certified sites against the ISO 14001:2015 standard for Environmental Management Systems
• Publication of updated Environmental Product Declaration (EPD) for hot rolled structural products and rail
• Approval for re-use of LIBERTY Bell Bay silicomanganese (SiMn) slag outside of the Bell Bay region

Social Achievements

• Implementation of 'Be GFG Safe' safety program
• Expansion of Whyalla Community Sponsorship and Support Program to include Indigenous Engagement
• Partnership with Shooting Stars program to support indigenous girls' education
• Implementation of I Am Here program to support employee mental health and wellbeing
• Conditional approval from Reconciliation Australia for Reflect Reconciliation Action Plan (RAP)

Governance Achievements

• Increased data provided against key applicable sustainability disclosure standards (GRI and SASB)
• Implementation of a whole-of-system approach to compliance using GRC software

Climate Goals & Targets

Environmental Challenges

• Environmental incidents at LIBERTY Bell Bay (oil release, wetland discharge limit exceedances, dust limit exceedances)
• Minor cracking exceeding performance measure at sandstone culverts at Tahmoor Coking Coal
• Economic and market risks (input pricing, demand, energy prices, scrap availability)
• Liquidity and funding risks (capital expenditure for transformation projects)
• People risks (loss of key staff, skillset changes, attracting new workforce)
• Technology risks (impact of new technologies on viability and costs)
• Legal, regulatory, and reputational risks (policy changes, carbon pricing, environmental regulations)
• Credit risks (counterparty failure, cost of capital)
• Operational risks (extreme weather, transformation project risks, ESG compliance)

Mitigation Strategies

• Implementation of corrective actions at LIBERTY Bell Bay (increased security, remediation plan)
• Rehabilitation of sandstone culverts at Tahmoor Coking Coal
• Development of solar and wind energy projects, hedging strategies, engagement with government and industry groups
• Centralized management of transformation projects by CIPO
• GREENSTEEL Academy for skills training and development, skills gap analysis, diversity and inclusion activities
• Pilot projects to test assumptions around cost of new technologies, engagement with industry groups and government
• Engagement with senior government officials, continuous engagement with local communities, central reporting of breaches
• Due diligence for key suppliers, letters of credit or credit insurance, engagement with banks and investors
• Robust internal audit system, adaptation of internal audit processes to incorporate ESG policies, insurance coverage, risk assessments for transformation projects

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Focus on delivering maximum value to business, customers, and communities
• Adapting procurement activities to support CN30 ambition

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events impacting input pricing and market demand
• Changes in rainfall patterns affecting renewable electricity availability

Transition Risks

• Changes in energy prices
• Demand for steel impacted by renewable infrastructure and circular economy
• Customer demand for low-carbon steel
• Changes in scrap price and availability
• Policy changes impacting operating costs

Opportunities

• Development of solar and wind energy projects
• Production of low-carbon steel

Reporting Standards

Frameworks Used: GRI, SASB

Certifications: ISO 14001, ISO 9001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Low-carbon iron enabling pellets
• Low-carbon steel

Awards & Recognition

• Not disclosed