ENVIRONMENTAL, SOCIAL, GOVERNANCE (ESG) THE NEW NORMAL

In some ways sustainability is an approach to the way the Company has done business; it makes good business sense. Similarly, Environmental, Social, Governance (ESG) is not new, but the Company recognizes the importance of these matters in the current environment where the impact of climate change, critical social issues and economic volatility around the world are prevalent as never before. As a result, we have decided to develop an ESG framework to be placed at the centre of operations and to grow our business in alignment with the United Nations Sustainable Development Goals and on the principles of sensitivity to the natural environment, societal well-being and good governance.

The ESG framework will be developed with the objective of achieving a comprehensive understanding of the impact of the Company's revenue generation on people and the planet, disclosing it, and, in collaboration with key stakeholders, addressing it. To do this we will be dedicating significant resources to a data gathering exercise focused on understanding our baseline performance as benchmarked against international standards and best practice indicators and setting ambitious Key Performance Indicators (KPIs) year on year to ensure continuous and aggressive improvement.

We intend to be fully transparent with you our stakeholders as we progress, and we will begin taking steps to establish a robust system to allow us to measure, track and report on our ESG KPIs. As the journey continues, we have further developed and refined our Sustainability Business Priorities which we introduce later on when considering the future.