Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Scope 1 and 2 GHG emissions of 9.09 tCO2-e; Scope 1, 2 and 3 GHG emissions of 22,008.5 tCO2-e

Social Achievements

• Increased staff numbers by almost 20%
• Supported the Salvation Army Christmas Cheer project, provided maintenance work at the Salvation Army Women’s Domestic Violence Refuge and cooked meals to support Foodbank
• Published its first Reconciliation Action Plan
• Achieved genuine and positive changes across our business and in the lives of those we interact with, be they employees or stakeholders, to better reflect the communities in which we operate.
• 50% of staff reporting directly to the CEO are women
• 50% of our employees have culturally diverse backgrounds

Governance Achievements

• Appointment of the first Chief Sustainability Officer
• Publication of inaugural Sustainability Commitment document
• Publication of inaugural Modern Slavery Report
• Enhanced enterprise risk management capability
• Establishment of dedicated Financial Crime and Responsible Metals Compliance teams

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic
• Global lockdown due to COVID, market volatility due to US elections and a spike in demand for physical silver
• Significant pressure on refining fees and charges
• Some delays installing equipment due to COVID restrictions

Mitigation Strategies

• Continued operating at full capacity throughout the year by employing controls such as split shifts, work from home, social distancing, increased cleaning rosters and personal hygiene promotion
• Streamlined product range to achieve optimal production throughput
• Enhanced processes to ensure supply chain accountability, integrity, and traceability
• Engaged an accredited greenhouse gas (GHG) auditor to complete a GHG assessment for our operations as a first step in our roadmap to carbon neutrality

Supply Chain Management

Responsible Procurement

• Commitment to ethically responsible gold, silver and platinum
• Conflict-free accreditation under the LBMA Responsible Gold, DMCC Responsible Gold and Responsible Minerals Assurance Process

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: LBMA’s Responsible Gold Guidance and Responsible Silver Guidance, OECD Due Diligence Guidance for Responsible Supply Chains of Minerals – Supplement on Gold

Certifications: AS/NZ 4801 Occupational Health & Safety Management Systems, ISO 14001:2015 Environmental Management Standard, OHSAS 18001:2007 Occupational Health and Safety Management System, ISO 9001.2001 Quality Certification, AS/NZS 2801.2001 accreditation for Health and Safety

Sustainable Products & Innovation

• trueGold supply chain assurance solution

Environmental Metrics

ESG Focus Areas

• Safety and wellbeing
• Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF)
• Waste and hazardous materials management
• Ethical and sustainable supply chain
• Ethics and values
• Cyber, data and privacy
• Air emissions and quality
• Employee diversity, inclusion and engagement
• Community relations

Environmental Achievements

• Scope 1 and 2 GHG emissions reduced from previous audit for calendar year 2020. Initiatives included switching to carbon neutral electricity and gas at the East Perth site, and upgrading lighting across both sites.
• Completed a feasibility study for a 100mW PV system for the Campbell Forrest House building in East Perth.

Social Achievements

• For the first time, more females in leadership roles (tiers 1-3) than males.
• Successfully completed deliverables in the Reflect Reconciliation Action Plan (RAP). Key achievements included raising Aboriginal and Torres Strait Islander flags at both sites, delivering cultural awareness training, becoming a Supply Nation member, refreshing the Perth Mint tour content, and installing an Indigenous mosaic.
• Received the Health and Wellness Award from IFAP in October 2021.
• Partnered with Job Access and the National Disability Support Coordinator program to review and enhance the recruitment and retention of people with disability.

Governance Achievements

• Completed the introduction of a fit-for-purpose Enterprise Resource Planning (ERP) solution.
• Strengthening of enterprise risk management capability, including an ongoing focus on AML/CTF enhancement.
• Developed a comprehensive uplift program to address concerns raised by AUSTRAC.
• Addressed historic non-compliance issues with the Model State Commodity Code 1985 in the United States.

Climate Goals & Targets

Environmental Challenges

• Impact of the global pandemic, heightened geopolitical tensions and economic uncertainty.
• Government-imposed restrictions and mandates due to the COVID pandemic significantly affected visitor numbers.
• Challenges faced by customers due to COVID-19 restrictions.
• Historic practices that are no longer fit for purpose.
• Addressing historic non-compliance with the United States Model State Commodity Code 1985.
• Assessing the best way to rehabilitate more than 20 state batteries vested by the State Government.
• Increases in Scope 3 emissions, mostly due to increases in freight.

Mitigation Strategies

• Focussed on protecting people and servicing customers.
• Introduction of a fit-for-purpose Enterprise Resource Planning (ERP) solution.
• Ongoing capital expenditure program, fully funded from internal resources.
• Comprehensive uplift program across three core streams of work to address AML/CTF concerns.
• Proactive identification and addressing of historic non-compliance issues.
• Initiated a process to obtain external environmental advisors to investigate remediation requirements on one of the state battery reserves.
• Resetting the baseline for Scope 3 emissions and focusing on freight as a major source of emissions.

Supply Chain Management

Supplier Audits: 4 West African operations; planned audit for Papua New Guinea operation

Responsible Procurement

• Supplier code of conduct review; revised human rights policy rolled out to all suppliers; updated refining agreements to refinery customers; modern slavery awareness embedded in the organisation; review of supplier ESG questionnaire for non-precious metals suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: AS/NZS 4801:2001, ISO 14001:2015

Third-party Assurance: Deloitte Italy

Awards & Recognition

• Health and Wellness Award from IFAP

Environmental Metrics

ESG Focus Areas

• Governance
• Safety
• Sustainability
• People and Culture
• Responsible Sourcing
• Air quality and greenhouse gas emissions
• Waste management
• Diversity, Equity and Inclusion
• Community Relations
• Anti-Money Laundering and Counter Terrorism Financing (AML/CTF)

Environmental Achievements

• Installation of state-of-the-art gold refining units, reducing gas input by about 60% at full capacity.
• Updated water quality monitoring procedures.
• Review of historical investigation and remediation work and an internal assessment of our existing groundwater contamination remediation plan.
• No significant environmental incidents or exceedances from our operations in 2022-23.

Social Achievements

• Named one of the top 10 employers for women in Australia by Work180.
• Launched Diversity, Equity and Inclusion Strategy 2023-25.
• Released updated Reconciliation Action Plan (RAP) at Innovate level.
• Increased proportion of employees with a long-term impairment from 5.6% to 8.3%.
• Proportion of employees from culturally and linguistically diverse backgrounds exceeded 2025 target of 30%, reaching 33.1%.
• Introduced more flexible work arrangements (nine-day fortnight, four or 4.5-day week, work from home).
• Expanded parental leave policy (14 weeks paid leave for primary caregiver, six weeks for secondary caregiver).

Governance Achievements

• Approved the Mint’s corporate strategy, including a governance pillar to improve capabilities to reduce regulatory risks.
• Completed an annual external audit to assess compliance with the LBMA Responsible Gold Guidance 8.
• Implemented Phase 2 of a fully funded, $34 million expansion of our AML Remediation Program.
• Proactively engaged with AUSTRAC and the LBMA to address historical issues.

Climate Goals & Targets

Environmental Challenges

• Negative media attention related to past shortcomings in AML/CTF compliance.
• Historical non-compliance with the Model State Commodity Code in some US states.
• Legacy State battery sites representing risks to public safety and the environment.
• Historical groundwater contamination at the refinery.

Mitigation Strategies

• Full and open engagement with AUSTRAC and an independent audit of historical practices.
• Strong relationship with the London Bullion Market Association (LBMA).
• $34 million AML Remediation Program.
• Proactive liaison with US regulators to address historical non-compliance.
• Development of a solution to assess and remediate legacy State battery sites.
• Groundwater remediation action plan.

Supply Chain Management

Supplier Audits: Completed due diligence refresh of 70% of refinery clients by 30 June 2023

Responsible Procurement

• LBMA Responsible Gold Guidance
• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Awards & Recognition

• Top 10 workplaces for women in Australia (Work180)

Environmental Metrics

ESG Focus Areas

• Governance
• Environmental Stewardship (Net-Zero Emissions)
• Responsible Value Chain
• Employee Wellbeing
• Community Engagement

Environmental Achievements

• Installation of new Pyrometallurgical Advanced Melting (PAM) units significantly reducing the use of harmful gases in gold refining.
• Progress on remediation action plan for legacy groundwater contamination at the refinery.

Social Achievements

• 72% employee response rate in Gallup culture survey with an overall engagement score of 3.8/5.
• Launch of Diversity, Equity and Inclusion Strategy 2023-25.
• Release of Innovate-level Reconciliation Action Plan (RAP).
• Introduction of more flexible work arrangements (nine-day fortnight, four or 4.5-day week).
• Introduction of paid parental leave (14 weeks primary, 6 weeks secondary caregiver).
• Endorsement by Work180 as a top 10 workplace for women in Australia.
• Increased proportion of employees with long-term impairment from 5.6% to 8.3% (target 10% by 2025).
• Exceeded 2025 target for employees from culturally and linguistically diverse backgrounds (33.1%).
• Installation of gender-neutral bathrooms at refinery and East Perth premises.

Governance Achievements

• Board approval of corporate strategy including a governance pillar to improve capabilities and reduce regulatory risks.
• Implementation of Phase 2 of AML Remediation Program (Customer Data Remediation, Customer Process Uplift, Customer Lifecycle Technology and Data projects).
• Enhanced compliance framework leveraging technology and external expertise.
• Updated Modern Slavery Statement in 2023.

Climate Goals & Targets

Environmental Challenges

• Legacy groundwater contamination at the refinery.
• Meeting obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth).
• Managing risks associated with 22 legacy State battery sites.
• Improving employee recognition and access to resources (based on Gallup survey).

Mitigation Strategies

• Ongoing remediation action plan for groundwater contamination.
• Implementation of Phase 2 AML Remediation Program.
• Program of work to assess and develop remediation plans for legacy State battery sites.
• Initiatives to improve culture, including supporting leaders and employees to encourage greater accountability and agility.

Supply Chain Management

Supplier Audits: Mine site visits for high-risk suppliers; due diligence refresh of 70% of refinery clients by 30 June 2023

Responsible Procurement

• Responsible Gold Guidance version 9
• Supplier Code of Conduct and Ethics
• Responsible Metals and Supply Chain Policy

Climate-Related Risks & Opportunities

Awards & Recognition

• Work180 top 10 workplaces for women in Australia