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Anglo American updates on sustainability progress – carbon neutrality, thriving communities and workplace culture

Published: 2023-04-18 10:00:27 ET
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Anglo American plc (the “Company”)
Registered office: 17 Charterhouse Street, London EC1N 6RA
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM

18 April 2023

Anglo American updates on sustainability progress – carbon neutrality, thriving communities and
workplace culture

Anglo American plc (“Anglo American”) is today presenting its regular sustainability performance update,
including progressing towards carbon neutral operations, creating thriving communities, and building a
safe, inclusive and diverse workplace culture.

Duncan Wanblad, Chief Executive of Anglo American, said: “Addressing climate change is an increasingly
urgent challenge for all businesses. With our diversified product portfolio, we are well-placed to
responsibly deliver many of the critical metals and minerals the world requires to transition to a cleaner,
greener world. Our commitment to being part of the solution begins in our own business by meeting our
carbon neutrality goals, while recognising that partnerships are vital to deliver our shared endeavour of
a low carbon future.

“Everyone needs to play their part, from governments and businesses, to civil society and individuals. It
is essential we also support skills and jobs and help catalyse new economic activity because this transition
must include all of society – it must be ‘Just’. Through our Collaborative Regional Development approach,
we act as a development partner to help improve lives by catalysing thriving communities with diversified
economies that endure and prosper well beyond our presence.”

Carbon neutral operations by 2040

Anglo American is progressing towards its ambition to become carbon neutral across our operations by
2040. At the end of 2022, our Scope 1 and 2 emissions were 21% below the peak levels of 2019. This
significant reduction reflects our transition to 100% renewable electricity supply across our South
America operations, with Australia to follow in 2025. In southern Africa, now our largest source of Scope
2 emissions, we have partnered with EDF Renewables to develop 3-5 GW of clean generation capacity
over the next decade.

While Scope 3 emissions reduction is largely dependent on the decarbonisation of our value chains and
the steel industry in particular, which represents the significant majority of our footprint, we are
progressing on our target to halve these emissions by 2040. With this in mind, we are working with several
prominent steelmaking customers to help develop cleaner steelmaking technologies. We are also cutting
carbon emissions in our shipping activities through the introduction of our 10-strong LNG dual-fuelled
“Ubuntu” shipping fleet over the course of 2023 and 2024, with two capesize vessels already in service
and offering up to a 35% emissions reduction compared to conventional fuel.

Thriving communities through local procurement and livelihoods programmes

Anglo American’s Sustainable Mining Plan commits us to supporting three jobs offsite for every job in our
operations by 2025, increasing to five offsite jobs by 2030, with our focus on local procurement and our
Anglo American plc
17 Charterhouse Street, London, EC1N 6RA, United Kingdom
Registered office as above. Incorporated in England and Wales under the Companies Act 1985.
Registered Number: 3564138 Legal Entity Identifier: 549300S9XF92D1X8ME43
Collaborative Regional Development (CRD) approach playing a major role. Through CRD, we are making
further investments with our partners in agriculture, agro-processing, municipal capacity-building, and
education, catalysing diversification within local economies and helping to ensure the positive impacts of
our operations are felt beyond the life of mine. By the end of 2022, we had supported 115,000 jobs
through local procurement and socio-economic development programmes since the launch of our
Sustainable Mining Plan in 2018, supporting 1.8 offsite jobs for every onsite job in relevant countries.

Building a safe, inclusive and diverse workplace culture

Anglo American promotes a safe, inclusive and diverse environment where every colleague is valued and
respected for who they are and has the opportunity to fulfil their potential. We go beyond physical safety
by helping to create an environment of psychological safety. In November, as part of our Living with
Dignity programme, we launched our first Living with Dignity hub in South Africa. The Hub is an
independently managed facility that provides victims of gender-based violence, bullying, harassment and
victimisation (whether in the workplace or at home in the form of domestic violence) an independent
reporting channel, as well as expert psycho-social and legal support.

In 2022, we embarked on accreditation with the Fair Wage Network and we are proud to have been
awarded status as a committed global living wage employer in January 2023. Anglo American is the first
mining company to reach this milestone. Beyond the mining sector, Anglo American is the third company
in the world to be Living Wage globally accredited by the Fair Wage Network.

Sustainability Performance Presentation

Today’s Sustainability Performance presentation will be available on the Anglo American website
www.angloamerican.com at 12.30pm UK time, with the presentation itself starting at 1.30pm UK time.
A full recording will be available following the presentation at:
www.angloamerican.com/investors/investor-presentations.

Notes to editors:

Anglo American is a leading global mining company and our products are the essential ingredients in
almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad
range of future development options, provides many of the future-enabling metals and minerals for a
cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions
of consumers. With our people at the heart of our business, we use innovative practices and the latest
technologies to discover new resources and to mine, process, move and market our products to our
customers – safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium
quality iron ore and steelmaking coal, and nickel – with crop nutrients in development – we are
committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining
Plan commits us to a series of stretching goals to ensure we work towards a healthy environment,
creating thriving communities and building trust as a corporate leader. We work together with our
business partners and diverse stakeholders to unlock enduring value from precious natural resources for
the benefit of the communities and countries in which we operate, for society as a whole, and for our
shareholders. Anglo American is re-imagining mining to improve people’s lives.

www.angloamerican.com
For further information, please contact:

 Media                                                              Investors

 UK                                                                 UK
 James Wyatt-Tilby                                                  Paul Galloway
 james.wyatt-tilby@angloamerican.com                                paul.galloway@angloamerican.com
 Tel: +44 (0)20 7968 8759                                           Tel: +44 (0)20 7968 8718

 Marcelo Esquivel                                                   Emma Waterworth
 marcelo.esquivel@angloamerican.com                                 Emma.waterworth@angloamerican.com
 Tel: +44 (0)20 7968 8891                                           Tel: +44 (0) 20 7968 8574

 Rebecca Meeson–Frizelle                                            Michelle Jarman
 Rebecca.meeson-frizelle@angloamerican.com                          michelle.jarman@angloamerican.com
 Tel: + 44 (0)20 7968 1374                                          Tel: +44 (0)20 7968 1494

 South Africa
 Nevashnee Naicker
 nevashnee.naicker@angloamerican.com
 Tel: +27 (0)11 638 3189

 Sibusiso Tshabalala
 sibusiso.tshabalala@angloamerican.com
 Tel: +27 (0)11 638 2175

The Company has a primary listing on the Main Market of the London Stock Exchange and secondary
listings on the Johannesburg Stock Exchange, the Botswana Stock Exchange, the Namibia Stock Exchange
and the SIX Swiss Exchange.

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Forward-looking statements:
This document includes forward-looking statements. All statements other than statements of historical facts included
in this document, including, without limitation, those regarding Anglo American’s financial position, business,
acquisition and divestment strategy, dividend policy, plans and objectives of management for future operations
(including development plans and objectives relating to Anglo American’s products, production forecasts and Ore
Reserve and Mineral Resource positions) and environmental, social and corporate governance goals and aspirations,
are forward-looking statements. By their nature, such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements of Anglo American
or industry results to be materially different from any future results, performance or achievements expressed or
implied by such forward-looking statements.

Such forward-looking statements are based on numerous assumptions regarding Anglo American’s present and
future business strategies and the environment in which Anglo American will operate in the future. Important factors
that could cause Anglo American’s actual results, performance or achievements to differ materially from those in the
forward-looking statements include, among others, levels of actual production during any period, levels of global
demand and commodity market prices, mineral resource exploration and development capabilities, recovery rates
and other operational capabilities, safety, health or environmental incidents, the effects of global pandemics and
outbreaks of infectious diseases, the outcome of litigation or regulatory proceedings, the availability of mining and
processing equipment, the ability to produce and transport products profitably, the availability of transport
infrastructure, the impact of foreign currency exchange rates on market prices and operating costs, the availability
of sufficient credit, the effects of inflation, political uncertainty and economic conditions in relevant areas of the
world, the actions of competitors, activities by courts, regulators and governmental authorities such as in relation to
permitting or forcing closure of mines and ceasing of operations or maintenance of Anglo American’s assets and
changes in taxation or safety, health, environmental or other types of regulation in the countries where Anglo
American operates, conflicts over land and resource ownership rights and such other risk factors identified in Anglo
American’s most recent Annual Report. Forward-looking statements should, therefore, be construed in light of such
risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking
statements speak only as of the date of this document. Anglo American expressly disclaims any obligation or
undertaking (except as required by applicable law, the City Code on Takeovers and Mergers, the UK Listing Rules, the
Disclosure and Transparency Rules of the Financial Conduct Authority, the Listings Requirements of the securities
exchange of the JSE Limited in South Africa, the SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian
Stock Exchange and any other applicable regulations) to release publicly any updates or revisions to any forward-
looking statement contained herein to reflect any change in Anglo American’s expectations with regard thereto or
any change in events, conditions or circumstances on which any such statement is based.

Nothing in this document should be interpreted to mean that future earnings per share of Anglo American will
necessarily match or exceed its historical published earnings per share. Certain statistical and other information
about Anglo American included in this document is sourced from publicly available third party sources. As such it has
not been independently verified and presents the views of those third parties, but may not necessarily correspond
to the views held by Anglo American and Anglo American expressly disclaims any responsibility for, or liability in
respect of, such information.

Legal Entity Identifier: 549300S9XF92D1X8ME43