Sustainability
Sustainability

With a profound sense of responsibility and mission, Zijin Mining Group closely aligns its own development with the destiny of humanity, deeply integrating international ESG governance principles with its modern operational management system. The Company is committed to becoming a “Green, High-Tech, Leading Global Mining Company”, contributing the “Zijin Power” to global sustainable development.

Chen Jinghe
Chairman and Chief Officer of the Strategic and Sustainable Development (ESG) Committee, Zijin Mining
Path of Sustainable Development
  • 2024
    • Released the First Environmental, Social and Governance (ESG) Report according to IFRS S1 standards
  • 2023
    • Released the Outline of the Three-Year (2023-2025) Plan and Development Goals for 2030
    • Defined corporate mission as “Provide the materials that improve standards of living in a low-carbon future”
    • Completed the World Gold Council’s Responsible Gold Mining Principles (RGMPs) verification
    • Disclosed information per the International Financial Reporting Standards on Sustainable Disclosure (IFRS S1&S2)
  • 2022
    • Established ESG Office at headquarters
    • Committed to peaking carbon emissions in 2029 and achieving carbon neutrality in 2050
    • Published “Zijin Mining Climate Change Action Plan”
    • Acquired Fujian Longking Co., Ltd.
    • Established Zijin Mining Renewable Energy and Advanced Materials (Changsha) Co., Ltd. and Zijin Research Institute of Renewable Energy and Advanced Materials
    • Developed the first ammonia-hydrogen power station in China
  • 2021
    • Determined the Company’s short-term, medium-term, and long-term ESG development goals
    • Proposed the vision of becoming a “green, high-tech, leading global mining company”
    • Adopted the TCFD-recommended framework for information disclosure
  • 2020
    • The Board of Directors comprehensively strengthened ESG management, established the “Strategic and Sustainable Development (ESG) Committee”, and established the ESG Management Committee at the operational level
    • Linked Executive compensations to ESG performance
    • Joined the World Gold Council with a commitment to the Responsible Gold Mining Principles (RGMPs)
    • Participated in the launch of the Alliance of Chinese Business in Africa for Social Responsibilities
  • 2018
    • MSCI included the Company’s A-Shares in the emerging market index
    • Released the first ESG Report based on the original “Social Responsibility Report”
  • 2012
    • Invested RMB 200 million to launch the Zijin Mining Charity Foundation
  • 2010
    • Established a social responsibility work system benchmarked against ISO 26000
  • 2009
    • Established the Corporate Social Responsibility Department to promote the work of social responsibility
    • Released the first “Social Responsibility Report”
Sustainable Development Goals
  • Completed
  • In progress
  • Not met
Our Positioning
Long-term Goals/indicators
Status
2024 Progress and Commentary
2025 Plan
Enhancing Corporate Governance Capabilities
Ratio of female directors exceeds that of female employees
Female directors account for 15.4%,currently our femaleemployee ratio is 14.37%, meeting the target
The current term of the Board of Director willcontinue to serve in 2025.Should any changesoccur, this ratio target will be treated as a keyconsideration factor
Ratio of non-executive directors exceeds 50%
Independent and non-executive directors account for 53.8%, thecomposition of the current Board of Directors aligns with thetarget
Proportion of ESG-related proposals reviewed by theBoard of Directors
ESG-related proposals reviewed by the Board of Directors is25.93%.All material ESG matters underwent consideration andauthorisation by the Board of Directors, enhancing departmentalmanagement efficacy on ESG issues
Further identification of material EsG matters forboard consideration
Integrity andCompliance Culture
Business ethics training coverage
Directors,supervisors,senior management: 100%;Employees75.25%; Suppliers and contractors: 76.81%(3.04% increase)All personnel in high-risk and critical positions received additionalenhanced training and policy communication
Business ethics training and dissemination forsuppliers and contractors; and increase the trainingcoverage for employees to beyond 80%
Supporting Global WarmingMitigation Target
2025: GHG emissions intensity by industrial added valuewill be reduced by 20% compared with 2020
GHG emissions intensity by industrial added value was 1.64tCO,e/RMB10,000,a decrease of 34.9% from the baseline value of2020,achieving the target for 2025 ahead of schedule
Based on the status of current projects, we have setthe target for GHG emissions intensity per RMB tenthousand of industrial added value for the nextreporting period to decrease by 2% compared with2024. lf we further acquire projects, this target maybe adjusted upwards
2029: Carbon peak
2050: Carbon neutrality
Total GHG emissions were 6.99 million tCOze. Despite productiongrowth and ongoing M&A, our absolute emissions achieved ayear-on-year decrease during the reporting period
2030: The proportion of renewable energy consumed willexceed 30%
The proportion of renewable energy usage reached 27.09%,andsome externally purchased renewable energy also obtainedrelevant green certificates during the reporting period
Disclose Scope 3 emissions data
This report discloses 5 categories of Scope 3 emissions, totalling 441.84 tCO 2e
Promoting New EnergyTechnology R&D and Application
Expand clean power installations
Total installed capacity of clean power: 767.36MW
In line with the project's plan to construct new cleanpower facilities, currently a total of 240 MW of newinstalled capacity has been planned
Increase adoption of electric vehicles (EVs)
Currently the companyoperates 865EVs with positiveperformance and energy-saving feedback
Based on the emission reduction efficacy of EVs andfrontline feedback, EVs have a promising application-prospect. The promotion and use of electric vehiclesare expected to expand
Advance hydrogen energy research and applications
FZU Zijin achieved breakthroughs in high-power ammonia-hydro-gen fuel cells,ammonia-hydrogen combustion engines, andindustrial ammonia-to-hydrogen technology in 2024
Continue ammonia-hydrogen technology researchand expand applications
Improving Sustainable Environmental Management Systems
Zero major environmental pollution incidents
No major pollution incidents occurred
Newly controlled production sites obtain ls014001:2015within 3 years
All operational sites under actual control for more than threeyears have achieved 100% certification under IS0 14001:2015
Continuously carry out environmental managementsystem certification for newly commissioned enterpris-es and maintain the certification renewals of existingenterprises
2030: All mines meet green mine standards
12 national-level green mines, 8 provincial-level green mines
Review existing operations against green mines andfactory standards for continuous improvement
2030:All smelting/processing plants meet green factorystandards
9 national-level green factories, 3 provincial-level green factories
Enhancing ResourceCircularity
Maintain 290% water re-use rate
The water re-use rate reached 93,46% with several subsidiariesreaching 100% wastewater reuse
Based on water risk identification, prioritise reducingfresh water withdrawal in projects located inhigh-water-risk areas
2030: Water intensity shall be reduced by 10% compared to2020
Fresh water intensity by revenue was 238,84 tonnes/RMB million,a decrease of 19.32% compared to 2020
2030: Non-hazardous waste comprehensive utilisation ratewill be increased by 5% compared with 2020
The non-hazardous waste comprehensive utilisation rate reached15.29%, an increase of 2.38 percentage points compared to 2020
Strengthen sorting,recycling andtechnologicalinnovation to continuously optimise
Reducing Ecological impact
100% restoration of reclaimable land
100%6 of reclaimable land was restored
Continue to adopt the model of simultaneousdevelopment and reclamation to reduce the area ofunrestored lands
2025: Complete biodiversity surveys at all production sitesunder actual control for more than three years
2030: All mines implement Biodiversity Management Plans(BMP)
Biodiversity surveys have been completed at 31 mines. Combinedwith previous biodiversity risk screenings from the previousreporting period, we have gained comprehensive understandingof biodiversity risks at all mines
Complete biodiversity surveys at all production minesunder actual control for more than three years,continue to advance biodiversity monitoring and toimprove the conservation system
2030: The emission intensity of 5Oz and NOx by revenue willbe reduced by 5% compared with 2020
The 5O 2 emission intensityis 0.46 tonne/RMB100 million, and theNOx emission intensity is 0.22 tonne/RMB100 million, represent-ing decreases of 41.34% and 50.88% respectively compared tothe year 2020
Continue to reduce the intensity of emissions toensure the achievement of the 2030 targets
Respecting Human Rights
2025:Third-party human rights impact assessments areconducted for high-risk projects
Completed warious types of internal and external audits in Serbia,DR Congo, Eritrea and China
Complete third-partyhuman rightsimpactassessments for all projects in high-risk areas
Human rights training for security personnel is conducted annually
The coverage rate of human rights training for security personnelis 95.10%
Maintain a human rights training coverage rate forsecurity personnel of no less than 95%, with a focuson the human rights training for newly hired employees during onboarding
Human rights training for employees is conducted annually
Provided annual labour and human rights training to employees
Related courses remain available on the internalopen course platform,iLearning. More series ofcourses will be developed based on subsequent feedback
No major human rights violations
No major human rights violations identified
Respect human rights in all business activities,ensuring no major human rights violations occur
Safeguarding Lifeand Health
Zero fatalities
1 employee fatality,6 contractor fatalities
Continue advancing the Three-Year Safety Enhance.ment Action Plan, aiming to reduce two of thefollowing three metrics: fatalities, LTIR, TRIR
Accident reduction
Lost time injury rate per million hours worked (LTIR): 0.34Total recordable incident rate per million hours worked (TRIR): 1.50
Newly controlled production sites obtain lS045001:2018within 3 years
During the reporting period, all operational sites under actualcontrol for more than three years have achieved 100% certifica-tion under ls0 45001:2018 or other equivalent certification
Continue to obtain the occupational health andsafety management system certification for newlyoperational enterprises and the renewal of certifica-tions for existing enterprises
100% safety training coverage for employees and contrac-tors
Achieved safety training coverage of 100% for employees and contractors
Focus on contractor trainingeffectiveness andexpand integrated training pilots
Promoting CommunityProsperity
Local procurement rate maintains above 70%
Local procurement rate achieved 82.31%
Assess local supply chains to maintain local procure.ment rate above 80%
2030: Achieve a 95% local employment rate at all projects 2030:Comprehensively enhance ratios of local manage-ment personnel at all projects
Local employment rate was 95.98%
Continue to maintain and enhance the existing localemployment rate at no less than 95%, increase thelocal employment rate of senior management to25% within 3 years and 30% within 5 years, and raisethe local employment rate of mid-level managementto over 65% within 3 years
Respect and Communication
Improve the community complaint resolution rate, with acommunity complaint response rate of no less than 99%,and a community complaint resolution rate of no less than80%
Response rate:100%
Resolution rate: 88.80%
Maintain a100% community complaint responserate and achieve a resolution rate of 80%, while alsoattempting to incorporate response timeliness intoour target metrics
Communityinvestment of no less than 1% of theCompany's fiscal-year net profit
Community investment reached RMB 812 million, accounting for2.53% of the Company's fiscal-year net profit
ESG Governance

The Company has established a top-down ESG management structure led by the Board and an ESG management committee at the management level, with the President of the Company as its director. The members of the Committee include the President, Vice Presidents, and other senior management who are highly professional and diverse and who are in charge of ESG topics such as safety, environmental protection, business ethics, community relations, supply chain, product quality, and labor relations. They effectively promote and implement the ESG strategic work formulated by the Board and its subordinate committees and improve ESG performance.

 

To further strengthen the effectiveness of ESG work, during the reporting period, the Company set up an ESG office at its headquarters, forming a network of overall ESG management with the ESG specialists of its subsidiaries. The professional departments of the headquarters and those of the subsidiaries have formed their professional network of ESG management. Relying on the working group networks, we effectively delegate the ESG strategic goals and promptly deliver policy requirements to all levels. We have also formed a dynamic and effective risk prevention and communication mechanism that leads to great ESG practice.

ESG Performance and Remuneration

Under the Board’s guidance, the ESG Management Committee is responsible for driving and implementing the Company’s ESG strategy set by the Board, aiming to improve overall ESG performance. Chaired by the Company’s President, the Committee comprises heads of departments responsible for safety, environmental protection, business ethics, community relations, supply Chain, and labour development. With its high level of expertise and diversity, this multifaceted background enables a more comprehensive approach to addressing sustainability challenges.

Our senior executives responsible for sustainability also receive direct reports from departments managing ESG, safety, environmental protection, and community engagement, ensuring coordination in addressing key issues. Subsidiaries are tasked with carrying out ESG management responsibilities and implementing the Company's sustainable development strategies. Additionally, Cross-functional ESG Working groups, formed across headquarters and subsidiaries, further enhance the consistent execution of the sustainability strategy.

Through this comprehensive governance structure and ESG network, Zijin not only promotes effective ESG practices but also remains agile and adaptive in a dynamic global environment, effectively managing sustainability risks.

Sustainability at independently operated joint ventures (JVs)

In joint ventures not under Zijin Mining’s operational control, we collaborate with our partners to enhance ESG governance, manage risks, and achieve objectives. We engage with these joint ventures through participation in their boards, committees, and shareholders’ meetings, contributing to the formulation of key ESG strategic decisions. This involvement allows us to influence the joint ventures’ management teams, ensuring that their operational and governance standards align with Zijin Mining’s sustainability principles.

ESG Risks

We enhanced and optimized our comprehensive Risk Management policies and mechanisms following the COSO Enterprise Risk Management (ERM) framework, defined our Risk Management objectives, integrated emerging stakeholders’ ESG concerns into the system, and further set out our key approaches, guidelines, processes, and responsibilities for ESG Risk Management. 

ESG Risk Governance and Risk Culture
The Company has established a holistic risk governance structure with the Board of Directors as the highest governance body for risk management. The Risk Management Committee reviews the Company’s overall risk management objectives and risk management strategies and plans. The role of the Company’s Supervision and Audit Office is to organize risk management work, carry out corresponding assessments and evaluations, and prepare relevant reports. The Company takes active measures to cultivate a risk culture, instills a correct risk philosophy, and endeavors to integrate risk awareness into its core values, employee performance appraisal, and daily behavior.
Risk Strategy and Objective
With “comprehensive, focused, dynamic and ongoing” risk management, the Company continuously ensures high-quality and sustainable development of the Group through active risk management activities.
ESG Risk Performance
The Company has established a systematic risk management mechanism that encompasses internal and external environmental information collection, risk identification, risk assessment, risk ranking, response response action reports, and continuous improvement based on its Risk Management Policy and Risk Management Operational Guidelines.
ESG Risk Review and Revision
The Company regularly summarises and analyses the effectiveness and reasonableness of its existing risk management strategies, with emphasis on evaluating whether the strategies implemented based on risk appetite, risk tolerance, and risk control warning lines are effective. The company continuously revises and improves the strategies based on the findings and the actual situation as needed.
ESG Risk Information, Communication and Reporting
The Company proactively collects information on the internal and external environment relevant to its business and management. It regularly monitors changes to such information to build and update its risk inventory.
Stakeholder Engagement and Materiality

Respecting stakeholders’ demands, we adhere to the principles of integrity, interaction, equality, and transparency. Constantly refining stakeholder participation mechanisms and communication methods allows us to better understand stakeholders’ expectations. This aids in defining the Company’s ESG strategy and material ESG issues, enabling stakeholders to participate effectively in the Company’s ESG governance.


During the reporting period, based on international standards and guidelines such as IFRS S1 and AA1000 Stakeholder Engagement Standard (AA1000SES), We regularly recorded, assessed, and reviewed our communications with stakeholders. We made timely improvements to our communication mechanisms based on stakeholder feedback, continuously enhancing the effectiveness and efficiency of our communication with stakeholders.

Stakeholder Group
Areas of focus
Way ofengage-ment
Response and performance
why itmatters
Employees
  • Labor rights
  • Remuneration and benefits
  • Occupational health & safety(OHS)
  • Equal rights and development
  • Meeting of staff representatives of workers and staff
  • Meetings and training
  • Bulletin board and the Company’s intranet
  • Held meeting of Representativesof workers and staff andnegotiated with unionrepresentatwes
  • Employees are the core driversof sustainable development.Their involvement effectivelyenables the practice of ESGprinciples in everyday work,creating long-term value forthe Company and facilitatingsustainable development.
Shareholders and Investors
  • Information transparency
  • Good governance
  • Sustainability
  • Financial performance
  • Production safety
  • Steady operation
  • Annual general meetings
  • Result briefing
  • Information disclosure
  • Investor’s communication platform
  • Held 1 shareholders generalmeeting, over 300 institutionalroadshows and communicationevents, including 68 ESGseminars, and organised 10mine visits
  • Shareholders and investorssteer corporate strategytowards ESG-aligned growththrough decision-makingin fluence.
Business Partners
  • OHS
  • Business ethics
  • Transparency
  • Contractor training
  • Supplier’s conferences
  • 1,822 new suppliers were screened using ESG criteria
  • Partners enable collaborativesustainability, ensuring greensupply chains from sourcing tologistics, thereby contributingto environmental sustainability
Government and Regulatory Authorities
  • Legal compliance
  • Paying tax according to law
  • Boosting regional economic development
  • Local employment
  • Stock exchange meetings
  • Government meetings
  • Information disclosure platform
  • Government visits
  • Participated in stock exchangeconsultation meetings
  • Governments provideregulatory direction, anchoringcorporate sustainability efforts
Local Surrounding Communities and Environment
  • Human rights protection
  • Community development
  • Climate change
  • Water management
  • Biodiversity
  • Emissions management
  • Community engagement
  • Site open days
  • Community service center
  • Mining project briefing
  • Project community announcement
  • Media interview
  • Each project promoted communitymeetings, community open days,government and media visits,and otheractivities, holding a total of1,642 community meetings
  • Communities and environments serve assurrounding feedback mechanisms,validating ESG performance and guidingstrategy refinement
Non-governmental Organizations: NGOs, Media, and Research and Education Institutions
  • Addressing climate change
  • Business ethics
  • Openness and transparency
  • Water stewardship
  • Human rights protection
  • Biodiversity
  • ESG reports
  • The Company's official website
  • Industry conference
  • Responded to NGOs' inquiries multiple timesand supported scientific and educationalinstitutions in conducting research and surveyson multiple occasions
  • NGOs, media, and academic and researchinstitutions are key drivers in enhancing ourESG management. NGOs serve dual functionsas both oversight bodies and think tanks, usingindependent obseration to promotecompliant operations while providingsustainable development solutions. Mediaamplifies progress by showcasing bestpractices that inspire improvement andhighlighting issues that drive change.Academicand research institutions focus on providingknowledge, building a foundation forsustainable development through cutting-edgetheories, technological solutions, and talentsupport.
ESG Awards and Ratings
ESG Awards
  • Top 100 Best ESG Practices among ChineseListed Companies
  • Xinhua Credit jinlan Cup - OutstandingLow-Carbon Practice Case
  • Zhiyuan Award - ESG Pioneer Award
  • The Sustainability Yearbook 2024 (ChinaEdition)
  • Best Practice Case for Sustainable Development
  • "Evergreen Award" -Sustainable DevelopmentInternal Control Award
  • China ESG 50
  • Dual Carbon ActionPioneer Enterprise 2023 0utstanding ResponsibleEnterprise
ESG Ratings
  • LSEG ESG
    89
  • CSI ESG RATING
    BBB
  • MSCI ESG
    B
  • MioTech
    A
  • Hang Seng A-
    Included in the Hang Seng (China A) CorporateSustainability Index ("HSCASUS") and other tradableand benchmark indexes
  • CDP
    B (Water Security), B (Climate)
  • Sustainalytics
    38.6
  • Wind ESG
    AAA