2024
Sustainability
Report

Our Material Topics

This annual review process enables us to identify changes to our existing material topics based on evolving sustainability trends, new legislation and regulations, and changes to the needs and expectations of our stakeholders.

This year’s review involved the following key steps:

• examination of internal strategic plans
• assessment and analysis of new sustainability standards and best practices
• consideration of national and international climate policy changes and legislation
• evaluation and analysis of trends and issues within the mining and resources industry
• benchmarking against industry peers and best practice
• review of material topics for the coal sector, based on the GRI Coal Sector Standard
• engagement with key internal stakeholders across all business functions and operational locations that maintain relationships with major internal and external stakeholder groups
• consultation with the Executive Leadership Team, who have regular communication with our major shareholders, investors and insurers.

Stanmore’s material topics for 2024 remained consistent. In summary, our sustainability themes continue to be:

• People — protecting their health, safety and wellbeing, and supporting development, retention and inclusion.
• Community — supporting local programs and economic development; and building meaningful relationships with our First Nations stakeholders.
• Climate — reducing our greenhouse gas emissions and supporting the transition to a low-carbon economy.
• Environment — responsibly managing water, waste, air quality, noise and land use, and delivering rehabilitation outcomes.
• Governance — being a trusted, ethical and responsible mining company.

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People

Protecting their health, safety and wellbeing, and supporting development, retention and inclusion.

Stanmore’s success is driven by our people — their skills, knowledge, creativity and dedication underpin everything we achieve.
The health, safety and wellbeing of our team remain at the core of our operations. We are dedicated to achieving high safety standards and fostering a culture where psychological safety, and shared responsibility and accountability for health and safety outcomes are prioritised. Our goal is to move beyond a compliance-led culture, creating an environment where safety leadership, engagement and care are embedded in everything we do.

In 2023, we established Safety and Health targets as part of business planning, incorporating them into Stanmore’s short-term incentive program. In 2024, our teams successfully delivered on all their safety objectives, with most operations exceeding their targets in multiple areas.

Additionally, we continued to implement wellbeing initiatives designed to ensure every team member can perform their role safely and productively, while maintaining and strengthening our leadership in workplace health and safety. We also developed and launched an Employee Engagement Survey to establish a benchmark for engagement. The feedback gathered is being actively addressed through our dedicated program, Stanmore Connect: Engage, Listen, Act, reinforcing our commitment to continuous improvement and the health, safety, and wellbeing of our employees.

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Community

Supporting local programs and economic development; and building meaningful relationships with our First Nations stakeholders.

Building strong relationships with our communities and employees is vital to the success and positive long-term influence of our organisation.

Through active engagement and collaboration, we aim to identify, understand, and support the unique needs of the communities within the Isaac region impacted by our operations. Our commitment is centred on driving local economic growth, creating employment opportunities, building strong relationships with the local communities and First Nations people, and investing in initiatives that enhance community wellbeing.

During 2024, we enhanced our Social Performance Framework, and formalised key standards and procedures that guide our investment and engagement with local communities, stakeholders and First Nations peoples. As part of this process, we reviewed our objectives, commitments, and key social risks, aligning them with the goals and principles of Social Performance. Following on from last year’s review, we bolstered our processes in the areas of community engagement and investment. Our focus areas remain within five key categories: Social Impact Assessment, Stakeholder Engagement, Social Investment, Human Rights, and Cultural Heritage.

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Climate

Reducing our greenhouse gas emissions and supporting the transition to a low-carbon economy.

Stanmore supports the objectives of the Paris Agreement and recognises the importance of its ambition of limiting global average temperature increases to well below 2°C above pre-industrial levels.

As a significant producer of metallurgical coal, Stanmore is subject to Australia’s Safeguard Mechanism, which imposes strict emission reduction and abatement requirements on all our operating assets. Under these regulations, Stanmore is required to abate emissions by 4.9% annually until 2030. Where abatement is not possible, Stanmore is required to purchase carbon offsets sufficient to meet the required abatement. We acknowledge Australia’s commitment to net zero emissions by 2050 and will continue aligning our decarbonisation efforts with the Australian Government’s commitments to contribute to the goal of the 
Paris Agreement.

Climate change poses significant challenges to both our business and our biophysical and social environments in which we operate. Addressing these challenges requires a multi-faceted approach — one that adapts to, reduces and mitigates the negative impacts to Stanmore through the reduction of emissions or transitioning Stanmore’s day-to-day operational activities to lower-carbon alternatives. In pursuit of these objectives, we proactively guide our approach based on both local and global standards and frameworks, ensuring our efforts align with evolving societal needs and expectations.

We are focused on meeting our decarbonisation goals while also empowering local and global economic development. At Stanmore, we supply high-quality metallurgical coal that is used for steel production. Metallurgical coal remains a critical and non-substitutable component of blast furnace steelmaking; and steel is integral to infrastructure development, including the construction of renewable energy infrastructure such as wind turbines and solar panels.

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Environment

Responsibly managing water, waste, air quality, noise and land use, and delivering rehabilitation outcomes.

Responsible environmental management is at the core of our operations, with a strong focus on mitigating impacts and effectively rehabilitating disturbed areas.

All of our operational and development sites are required to adhere to our comprehensive environmental management standards and procedures, as well as comply with State and Federal regulatory requirements.
The Queensland mining sector is governed by stringent regulations, and our sites aim to comply with strict environmental controls at every stage of mine development. These controls apply from exploration and construction through to operation, rehabilitation, and eventual mine closure.

Suitably qualified independent experts conduct environmental assessments, which serve as the foundation for our strategies in mitigating potential impacts on land, water, ecology and air quality.

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Governance

Being a trusted, ethical and responsible mining company.

We are committed to upholding our values and conducting business with the highest ethical standards.

Integrity is fundamental to our operations. We adhere to robust governance processes and frameworks to guide ethical decision-making and responsible business practices.

In 2024, we remained steadfast in our commitment to strong governance. Through the continued efforts of the Stanmore Board, management, and various committees, we have ensured that our standards align with our values and mission, reinforcing accountability and transparency across our operations.

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