Sustainability
GEAR’s Sustainability Framework establishes four strategic thrusts, also known as impact areas, through which the Company intends to create and deliver positive impacts across the economy, environment and society. GEAR’s strategic intent is defined through our Vision Statement.
Sustainability Framework
Our Sustainability Framework has been developed with the aim to provide an overall strategic sustainability direction. We are driven by our core purpose ‘To be a globally diversified energy and resources company, leading in innovation and sustainability’.
To better meet the expectations of our stakeholders, and to improve the comparability of our disclosures with peers in our industry, we have aligned our disclosure topics to those recommended by GRI 2021 Universal Standards and GRI 12: Coal sector standards. From our materiality assessment conducted in FY2022, we have prioritised the material topics and categorised them into five key themes:
• Upholding Good Governance and Ethics
• Caring for the Environment
• Ensuring Health and Safety
• Developing Human Capital
• Empowering Local Communities
Please refer to our Sustainability Report for more information about our material topics.
The Group’s sustainability strategy also seeks to support the progress towards the UN SDGs across our value chain, and as such, GEAR has identified eleven UN SDGs that are relevant to our business and with which we have aligned our Group’s sustainability initiatives.
While our core purpose and impact areas are strategic and long-term, our material matters are dynamic and will change based on internal and external factors.