ECIC IR 2023

Integrated Report 2023

E

D

H

S

I

L I

N

B

2

0

A

0

T

S

1

E

E X P O R T C R E

L T D

O C

A S

C

R I

D I

F

T

A

I

N

H

S

T

U

U

R

O

A

S

N

F

C

O

E

N

C

O

O

I

R

T

P

A

O

R

The committee is of the view that the ECIC assigned the necessary importance to its environmental, social, and ethical governance responsibilities and aligned its initiatives with the Company’s business strategy. No substantive legislative or regulatory non-compliance or transgressions of codes of best practice that fall within the committee’s mandate were brought to its attention. The committee has no reason to believe that any such non-compliance or non-adherence occurred. Plans for 2023/24 The committee recognises the dynamic nature of its environmental, social and ethics mandate and will ensure that relevant policies, plans, and programmes are in place to promote and sustain social and economic development, good corporate citizenship, environmental responsibility, fair labour practices and good consumer relations. Going forward, the focus will be on ethics management, performance oversight and industry peer benchmarking. The committee’s additional focus areas for 2023/24 are, amongst others, the following: • Implementation of the ESG Policy and Framework; • Improved ESG Reporting (including reporting on projects); • Implementation of the Sustainability Reporting Framework and Plan; • Continued implementation of the ECIC Ethics Framework; • Ongoing enhancements of the role of the Social and Ethics Committee to continue to align with leading practice.

o remedial actions for the improved occupational health and safety of employees and visitors. • The committee held a Social and Ethics Workshop for the purposes of enhancing the current mandate of the committee to align with leading practices of Social and Ethics Committees. Some of the outcomes from the workshop amongst others include: o Greater focus on ESG matters and reporting (including the approval of the ESG Policy and ESG Policy Framework; o Review of the committee composition to include at least one (1) member of the Audit Committee and one (1) member of the Risk Committee in the Committee membership in order to ensure that those committees are adequately represented on the Committee; o Heightened focus on the management of the Corporation’s ethics; o Development of a Sustainability Reporting Framework and Plan o Enhanced oversight and reporting of social and ethics matters. Ethical conduct overview The Fraud Prevention Policy, Whistle-Blowing Policy and Code of Ethics and Business Conduct are in place and were reviewed to combat corruption, manage identified fraudulent activities and ensure that the essential features of ethical conduct are governed and managed effectively. These policies are communicated adequately to staff. Compliance The ECIC’s conduct is guided by several policies, including: • The Code of Ethics and Business Conduct; • Fit and Proper Policy; • Whistle blowing policy; • Fraud prevention policy; • Sanctionable practices and combating financing of terrorism policy; • The Conflict of Interest Policy; • The Gifts Policy (requires employee to declare gifts above a certain threshold); • The Procurement Policy (details conduct during supply-chain processes).

YOUR EXPORT RISK PARTNER

51