Governance

Governance for sustainability

Our ethical foundation. At Thungela, corporate governance is the cornerstone of our value creation. Our approach, deeply integrated into our strategies and practices, ensures accountability, transparency, and effective compliance. High standards of governance drive our business sustainability and foster trust among our stakeholders. Download our ESG Report to learn more about our unwavering commitment to ethical leadership and robust governance.

Integrated Risk Management

We proactively and regularly identify, assess and develop strategies to address risks and opportunities for the business. We also have a compliance assurance management system in place and undertake regular internal and external assurance to ascertain the effectiveness of controls.

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Governance and Disclosure

Sound corporate governance and transparent reporting foster accountability and build trust with our stakeholders. Our ESG report captures our approach, performance and targets across our most material sustainability topics. 

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Ethical Behaviour

We operate our business ethically, adhering to the highest standards of corporate governance and have a zero-tolerance approach to corruption. Human rights considerations are woven into our values, code of conduct, and the policies and procedures that guide the effective and ethical operation of our business, including our human rights policy.

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Fraud Awareness

Sound corporate governance and transparent reporting foster accountability and build trust with our stakeholders. Our ESG report captures our approach, performance and targets across our most material sustainability topics. 

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Corporate Governance

We operate our business ethically, adhering to the highest standards of corporate governance and have a zero-tolerance approach to corruption. Human rights considerations are woven into our values, code of conduct, and the policies and procedures that guide the effective and ethical operation of our business, including our human rights policy.

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Our Governance Approach for Future-focused Practices.

Our board of directors sets the strategic direction and performance expectations for Thungela and its subsidiaries, ensuring our ESG considerations are central to our governance. Guided by regulations, policies, and laws, we uphold a strong, ethical culture and statutory compliance.

For us, effective governance for future-focused practices involves:
Clear ESG Goals and Objectives: Defining our sustainability ambitions with precision.
Strategic Focus: Aligning structures, processes, risks, and opportunities for optimal governance.
Risk Management: Assessing and managing sustainability-related risks and opportunities through robust procedures.
Performance Tracking: Implementing measures for monitoring and reporting on sustainability performance.
Training and Awareness: Educating our board and workforce on sustainability issues.
Standards and Best Practices: Utilizing benchmarks to guide our sustainability efforts.

 

 

Our board not only addresses current needs but also explores innovative ideas for a sustainable future. In the context of the coal industry, an industry-leading approach to ESG is essential for our success. 

This commitment ensures we remain accountable, transparent, and proactive in addressing environmental and social challenges. Read our ESG Report to learn more about our governance approach and sustainability initiatives, or click here for documents relating to Thungela’s corporate governance.