Table 1: EQR ESG Alignment with United Nations Sustainable Development Goals (SDG) ESG Framework SDG Alignment Environment We are committed to embedding and embracing resource efficiency in our operations. As aproducer of aneweconomy critical mineral, we aim to minimize our impacts on the environment and prevent degradation through the optimal extraction of tungsten from a secondary source and through the integration of advanced processing technology. Social Safety is a core value and a strategic priority, and we are committed to promoting and enhancing a safety culture in our operations. Our commitment to society includes promoting workforce diversity and inclusion, empowering local communities through creating employment opportunities, sourcing materials locally where possible and investing in our employees and communities for social development. Governance As a value-oriented resources company, we are committed to acting in a transparent, accountable, and responsible manner in all our business dealings and operations. Through active engagement with local communities, environmental experts, and supply chains, the Company is building solid credentials for the future. Underpinning a philosophy of pragmatism and effectiveness, EQR has taken a multi-process approach including: − Working sessions with the Leadership Team on purpose, core values and key principles; − Revision of the Risk Management Policy; and − The completion of an independent ESG Stakeholder Sentiment Survey and ESG status report. During the period an ESG Stakeholder Sentiment Survey was disseminated to 22 EQR stakeholders, with 19 respondents. Across the EQR Leadership Team and stakeholders surveyed, shared perceptions and aspirational goals were prevalent. The close alignment between stakeholder feedback and current ESG positioning and intentions reinforces EQR’s high degree of confidence in its evolving ESG program. Multiple threads were identified, with five material themes highlighted: − Employee and contractor health, safety, and wellness (Social); − Proactive management of risk and compliance management (Governance); − Creation of meaningful jobs and the creation of local talent pipelines (Social); − Water, energy, and resources management and efficiency (Environmental); and − Commitment to the accelerated transition to a low carbon future (Environmental). Societal Challenges: When applying a societal lens, additional opportunities were uncovered, including: − Reducing site environmental impacts especially noise and dust; − Reducing, recycling or repurposing waste; − Providing local and regional employment especially for disadvantaged and minority groups; − Maximising the opportunity for female participation in non-traditional work areas (currently at 25%); − Stimulating a sustainable local supply chain including accommodation and essential services; and − Supporting community health, wellbeing and resilience through sponsorships and volunteer work. Operating and Financial Review continued 8 EQ Resources Limited Annual Report 2022
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