Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Implemented energy management policy including Carbon Disclosure Project (CDP) to measure and monitor energy usage and reduce carbon dioxide emissions.
• Actively reclaim and recycle waste material generated during manufacturing.
• Reduced single-use packaging.

Social Achievements

• Took extraordinary measures to provide a safe and healthy workplace for employees during the COVID-19 pandemic.
• Developed business continuity processes to mitigate health risks and ensure ongoing operations.
• Invested in sanitation, procedures, and technologies to lower the risk of virus transmission in the workplace.

Governance Achievements

• Complies with the principles and provisions of the QCA Corporate Governance Code.
• Established an Audit Committee, a Remuneration Committee, and a Nominations Committee.
• Maintains high standards of integrity and probity in the conduct of the Group’s operations.

Climate Goals & Targets

Environmental Challenges

• Significant business interruption in many markets due to COVID-19, including temporary closure of manufacturing facilities and limited testing opportunities.
• Travel restrictions hindering business development and product rollout.
• Increased freight costs due to the pandemic.

Mitigation Strategies

• Shifted manufacturing to other factories where restrictions were less severe.
• Implemented a group-wide ban on international travel.
• Invested in infrastructure and technology to enable remote working.
• Availed of COVID-19 related government grants.

Supply Chain Management

Responsible Procurement

• Intense scrutiny of ethical and moral values of potential new suppliers to ensure products and services are ethically sourced and do not breach human rights laws.

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products
• Increased use of products for installation of environmentally friendly geothermal energy systems

Reporting Standards

Frameworks Used: QCA Corporate Governance Code

Sustainable Products & Innovation

• Greenhammer (high-performance DTH hydraulic percussion system for single-pass, hard-rock blasthole drilling)
• Next-generation MP-series DTH hammers
• New drill bit designs
• New material technologies for improved wear resistance

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Completed baseline audits for greenhouse gas emissions at all manufacturing operations following the GHG protocol.
• Some manufacturing operations already operating at low or very low emissions due to use of fossil fuel-free energy sources.
• Initiated a Carbon Disclosure Project (CDP) to measure baseline energy consumption and carbon emissions.

Social Achievements

• Formalized Social Impact Programme.
• Launched a year-long campaign in South Africa to provide feminine hygiene products to young girls in schools.
• Continued support for various community projects globally (e.g., donations to food banks, sponsorship of sports teams).

Governance Achievements

• Formed an Environment and Sustainability sub-committee of the Board.
• Implemented a Group OHS Policy and Anti-Corruption and Bribery Policy.
• Nominated CSR Champions at various businesses to drive Social Impact programs.

Climate Goals & Targets

Environmental Challenges

• Reducing Scope 3 emissions (indirect emissions related to business activities).
• Managing energy consumption and carbon emissions in manufacturing, particularly in heat-treatment processes.
• Balancing sustainability goals with the diverse requirements of different regions and countries.

Mitigation Strategies

• Developing a roadmap for managing and reducing Scope 3 emissions.
• Investing in energy-efficient technologies (automation, power monitoring, renewable energy sources).
• Strategically locating factories closer to customer operations to reduce carbon-intensive logistics.
• Partnering with suppliers and logistics providers with environmental targets aligned with Mincon's.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Aiming to use suppliers with carbon credentials and goals aligned with Mincon's.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products.

Reporting Standards

Frameworks Used: UN Sustainable Development Goals (UN SDGs)

Certifications: ISO compliance (general mention, specifics not detailed)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Energy-efficient drilling solutions

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social Responsibility
• Governance

Environmental Achievements

• Reduced total CO2e emissions by 1.3%
• Reduced emissions intensity (tonnes of CO2e per €1m revenue) by 20.2%
• Started reporting on GHG Scope 3 emissions
• Invested €2.5 million+ in greener manufacturing technologies

Social Achievements

• Created opportunities to improve the lives of nearly 6,877 people through Social Impact program
• Delivered close to 1,785kg of essential aid across four regions
• Established six long-term partnerships with community organizations

Governance Achievements

• Developed and implemented Social Impact program
• Appointed CSR Champions in each region to drive CSR initiatives
• Identified policies to be developed in 2023 and 2024 (Recruitment and Hiring, amendment to Human Rights Policy, Corporate Travel Policy)

Climate Goals & Targets

Environmental Challenges

• Challenges in gathering accurate Scope 3 emissions data
• Some factories did not meet the annual goal of reducing emissions by 10%
• Significant increase in emissions in Africa due to reliance on diesel electricity generation

Mitigation Strategies

• Improving accuracy of data collection for Scope 3 emissions over time
• Implementing renewable energy technologies, replacing fossil fuels with greener alternatives, and introducing energy efficiency schemes
• Investigating suitability of sites for renewable energy generation projects
• Replacing gas boilers with air-to-water heat pumps
• Introducing alternative green fuels for vehicles

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient drilling solutions
• Diversification into renewable energy installations

Reporting Standards

Frameworks Used: UN SDGs (7, 8, 9, 12, 13), Greenhouse Gas Protocol

Certifications: ISO 14001 (working towards)

UN Sustainable Development Goals

• SDG 7
• SDG 8
• SDG 9
• SDG 12
• SDG 13

Mincon has selected these SDGs as benchmarks for sustainability initiatives.

Sustainable Products & Innovation

• Greenhammer
• Water-powered hammer for offshore wind energy

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social Impact
• Governance

Environmental Achievements

• Reduced total CO2e by 12.7%
• Reduced emissions intensity (tonnes of CO2e per €1m revenue) by 25.6%
• Seven of nine facilities achieved a 10% reduction in CO2 emissions

Social Achievements

• 50+ Social Impact engagements benefiting local communities, schools, sports teams, and non-profit organisations.
• Social Impact program rolled out across all four business regions with dedicated CSR Champions.

Governance Achievements

• Developed and implemented new policies including Recruitment and Hiring Policy and Corporate Travel Policy.
• Continued work on existing policies such as Group Occupational Health and Safety, Human rights, and Anti-corruption and bribery policies.

Climate Goals & Targets

Environmental Challenges

• South Africa factory experienced a 108% increase in emissions due to reliance on diesel electricity generation because of power grid issues.
• Challenges in accurately reporting Scope 3 emissions.

Mitigation Strategies

• Refining processes for more accurate Scope 3 emissions reporting.
• Exploring alternative energy sources (biodiesel, solar power) for South Africa factory.
• Investing in renewable energy technologies and energy-efficient manufacturing technologies.

Supply Chain Management

Responsible Procurement

• Anti-Slavery Policy

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Sustainable Development Goals (SDGs), Greenhouse Gas Protocol

Certifications: ISO 14001 (working towards)

UN Sustainable Development Goals

• SDG 7: Affordable and Clean Energy
• SDG 8: Decent Work and Economic Growth
• SDG 9: Industry, Innovation, and Infrastructure
• SDG 12: Responsible Consumption and Production
• SDG 13: Climate Action

Mincon's initiatives contribute to these goals through investments in renewable energy, efficient manufacturing, community engagement, and responsible resource management.

Sustainable Products & Innovation

• Greenhammer
• Waterhammer