Mincon : 2022 Sustainability Report

"... building a sustainable business for a sustainable world."

Mincon Sustainability Report 2021-2022

THE MINCON

SUSTAINABILITY

STATEMENT

At Mincon, we're committed to building a sustainable business. We are working to ensure that the employees, communities, and customers who rely on us will continue to be successful into the future. We can only be successful if we contribute to the creation of an environment where careers, communities, and business relationships can thrive.

We also recognise that we have a duty to reduce the impact of our operations - to run a sustainable business in a sustainable world. We're doing this by focusing on efficiency. The products we engineer are designed to be efficient as possible. This helps our customers reduce their carbon footprint and save money. This same efficiency mindset also influences the way we manufacture, build our factories, and use energy.

Efficiency and sustainability is integral to our business growth strategy. We have manufacturing facilities in the same regions as customer operations in order to drastically reduce our reliance on carbon-intensive intercontinental logistics, while simultaneously improving our customer service.

Our efficiency and sustainability mindsets are complementary, and both are at the heart of what we do at Mincon.

Our global CSR programme for giving back to communities.

FROM

THE CEO

As a growing global company, Mincon has an obligation to all its stakeholders to ensure the sustainability not only of the Company but also the markets in which we operate. As such we need to look at the efficiency of the products that we produce as well as how we produce them.

Mincon drilling solutions are designed with safety and efficiency in mind, helping our end users reduce their costs, lower their carbon footprint, and avoid disruption in surrounding ground conditions. In the last 18 months our tools have been the preferred solutions for renewable energy projects such as the repair work being done on the Melo hydroelectric powerplant in Nokia, Finland.

Rock drilling by its nature is an energy intensive process and our task is to improve the drilling rates of our products while extending their life, in other words, do more with less.

This requires an engineering ability and ambition, to constantly challenge industry norms and push performance levels through incremental gains with our current products as well as transformational improvements like our Greenhammer project. This engineering ability needs to be nurtured and grown by bringing on new generations of engineering talent in our various plants around the globe.

Our manufacturing plants must also be focussed on efficiencies by setting ambitious targets

for reducing energy use in the manufacturing processes to produce the products. Added to this is the requirement to ensure that we also bring on the next generations of manufacturing personnel.

Another equally important aspect of what we do is the global customer service footprint that we have to ensure timely product availability as well as technical backup to pass on the efficiency gains to our customers. Again, the sustainability of

our collective offering requires that we bring on subsequent generations of customer service personnel.

As a meaningful and embedded employer in all our global locations, we need to ensure that we give back within those communities. Not only to live up to our rightful obligations but also to support and encourage the development of local enterprises and initiatives.

To conclude, it is clear that when we consider our sustainability, we need to be truly seen to have a responsible, ambitious and realistic ability to transform our own Company while also transforming efficiency norms within our chosen markets. This is essential to retain and attract a diverse spectrum of talent for our engineering, manufacturing and service efforts who also share our desire and vision to meaningfully participate in a better future for generations to come.

Joseph Purcell

Chief Executive Officer Mincon Group plc

5 August 2022