92 2 01 9 S U S T AINABILITY REPOR T C l i ma t e C ha n g e Cl i m a t e C h a n g e a n d o u r O p e r a t i o n s Climat e chang e driv en b y c arbon emis sions is an is sue o f glob al c onc ern that will af ect s ociet y the en vir onment and ec onomic de v elopment o v er the c oming dec ade s W e r ec ogniz e that climat e chang e is a pot ential thr e at t o our busine s s and man y o f our C OIs and w e ar e c ommitt ed t o action t o ensur e an or derly tr ansition t o a pr o sper ous lo w c arbon w orld In 2 01 9 and e arly 2 0 2 0 w e c onduct ed a s tudy t o e v aluat e the pot ential ph y sic al risk s o f climat e chang e on our oper ations due t o e xtr eme w e ather e v ent s imp act s on w at er a v ailabilit y and chang e s in r ainf all and t emper atur e p att erns The s tudy c onsider ed a r ang e o f s c enario s f or e ach o f our curr ent oper ations pr oject s and suspended oper ations in line with T CFD s c enario analy sis r ec ommendations S c enario s c onsider ed in the analy sis and e v aluation o f the lat e s t glob al climat e models included a 2 degr ee IPC C R CP 2 6 s c enario and a w or s t c as e 6 degr ee s c enario IPC C R CP 8 5 The e v aluation c oncluded that none o f our curr ent as s et s ar e e xpect ed t o e xperienc e climat e chang e s ef ect s o v er their curr ent e xpect ed oper ating lif e that w ould be out side the e xis ting de sign as sumptions f or s t orm e v ent s t emper atur e and w at er a v ailabilit y S ome o f our oper ations ho w e v er ar e e xpect ed t o s ee chang e s in r ainf all and e xtr eme w e ather e v ent s o v er long er periods which needs t o be c onsider ed in our mine clo sur e and po s t clo sur e planning W e will be implementing the s tudy r ec ommendations b y applying climat e s ensitivit y analy sis and using the be s t climat e models a v ailable at the appr opriat e clo sur e planning s t ag e f or e ach o f our oper ations W e als o plan t o updat e our c omp an y wide risk e v aluation as ne w dat a and models bec ome a v ailable and c onduct a tr ansition risk analy sis ac c or ding t o T CFD r ec ommendations W e kno w that the ef ect s o f climat e chang e will pot entially be gr e at er on c ommunitie s ar ound our oper ations who s e infr as tructur e is o ft en not as r obus t as our mine s That is wh y w e c ontinue t o in v e s t in initiativ e s fr om w at er and ener gy supply s y s t ems t o r e v eg et ation and surf ac e w at er manag ement s tructur e s t o mak e our ho s t c ommunitie s mor e r e silient t o climat e chang e W e c ontinue t o in v e s t in initiativ e s fr om w at er and ener gy supply s y s t ems t o r e v eg et ation and surf ac e w at er manag ement s tructur e s t o mak e our ho s t c ommunitie s mor e r e silient t o climat e chang e