Decarbonisation – Mt Carbine Net Zero Readiness Assessment EQR initiated its decarbonisation roadmap in 2023 with a Net Zero Readiness Assessment, guided by ESG consultants and aligned with the Task Force on Climate-Related Financial Disclosures (TCFD). The assessment covered key indicators to evaluate assets, operations, and general awareness, providing a clear direction for EQR’s decarbonisation strategy at Mt Carbine. Emissions tracking and reporting EQR actively tracks greenhouse gas emissions at Mt Carbine, focusing on Scope 1 and 2 emissions, with limited Scope 3 categories, in partnership with ARTEH. Although emissions levels do not trigger the thresholds for the National Greenhouse and Energy Reporting Scheme (NGERS) or the Safeguard Mechanism, EQR is aligning with Australian Climate-Related Financial Disclosure requirements. EQR is committed to enhancing its emissions data collection and optimising decarbonisation opportunities across its operations. Facility Threshold Corporate Threshold Safeguard Mechanism Threshold 25 kt or more of Scope 1 and 2 emissions and / or production or consumption of 100 TJ or more of energy. 50 kt or more of Scope 1 and 2 emissions and / or production or consumption of 200 TJ or more of energy. 100 kt of more of Scope 1 emissions at the facility. Decarbonisation Strategy and Future Planning In Q4 2024, EQR will continue developing its Decarbonisation Strategy, with a roadmap expected by Q1 2025. This plan will use 2023-24 emissions data as a baseline and will be informed by the outcomes of the Sustainability Risk Assessment, focusing on climate change mitigation, energy and water efficiency, and technology adoption. Stakeholder Engagement and Workshops To support decarbonisation efforts, EQR will conduct a workshop to engage internal stakeholders on emissions reduction strategies. Originally scheduled for Q3 2024, this workshop was deferred to accommodate the transition to owner-operated mining at Mt Carbine. EQR remains pragmatic, applying practical decarbonisation solutions across both Australian and Spanish operations. nd 1 Resources | Net Zero Readiness 2023 end undertook a Net Zero Readiness Assessment with EQ Resources on 9 May 2023. t process is guided by Turner & Townsend's net zero methodology, developed in line work set out by the Task Force of Climate-Related Financial Disclosures (TCFD). ed 23 questions, covering four key indicators – see Figure 1. The session allowed us he business’ current position and begin mapping out the direction of travel on EQR’s zero emissions. cluded criteria across assets, operations and general awareness. The broad scope of is also helpful for managing wider environmental impacts beyond emissions, which work that the organisation has already done to establish its ESG approach. diness position has been provided below in Table 1: Current position (score out of ten) 3.2 3 ment 2.75 e 3 core is reflective of a growing business that has developed its net zero awareness notably onths. t further progress can be made in the next 12 months, particularly by structuring existing tion activities through the development of a net zero strategy. This will provide a platform these activities with wider programs and measuring emissions alongside other key tors. t indicators, as guided by the TCFD panying assessment spreadsheet provides two sets of current scores. We have amended EQR’s initial n light of the context around its stage of business and current circumstances. The scores provided in gn with Column F in the ‘WorkshopNotes’ tab. EQ Resources Limited Annual Report 2024 13
RkJQdWJsaXNoZXIy MjE2NDg3