A Focused Approach EQR’s strategic approach remains consistent: Environmental Excellence: Embracing eco-friendly practices, technology, and efficient resource extraction. Social Responsibility: Leading in sustainable communities, diversity, and local employment. Governance and Transparency: Going beyond compliance with an emphasis on transparent reporting. Unlocking Potential EQR’s Leadership Team is committed to advancing its ESG program, including circular economy projects and community development. Stakeholder-Centric Evolution Stakeholder surveys shape EQR’s ESG program direction. A 2024 survey and gap analysis will ensure alignment with industry best practices. Community Engagement EQR engages closely with its local and regional communities as it develops the Mt Carbine Tungsten Mine, reflecting its commitment to align actions with values. UN SDG Alignment EQR continually refines its alignment with the United Nations Sustainable Development Goals (UN SDG). Updated alignments reflect its commitment to specific UN SDG targets, with plans for a 2024 survey and gap analysis to further enhance alignment. EQR currently aligns with the following UN SDGs, addressing one to four specific targets in each category, guided by the TTJT alignment framework. UN SDG’s that EQR aligns to. Materiality Assessment In 2021, EQR conducted an ESG Materiality Assessment during the Mt Carbine Mine expansion Pre-feasibility Study. Surveying key stakeholders, it identified critical areas guiding EQR’s ESG strategy. Regular assessments adapt to evolving stakeholder priorities, with an upcoming Stakeholder Sentiment Survey planned for the 2024 financial year. Operating and Financial Review continued 20 EQ Resources Limited Annual Report 2023
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