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OUR APPROACH to sustainability 

Our approach to sustainability is grounded in environmental, social, and governance practices that deliver further value across our business. As part of our approach, we utilize a risk management framework to assess risks and opportunities across our company and build actionable performance goals. We believe that coal will continue to be essential in the production of affordable, reliable, and secure energy and steel. We will continue to strengthen our position by aligning our strategy and practices with the goals of our stakeholders and expectations of our shareholders.

Our Program

We believe that good environmental, social, and governance (“ESG”) practices are good business practices that support sustainability and resiliency. We are embracing a future in which issues that are material to our ESG strategy are both risks as well as opportunities to differentiate ourselves as the Coal Producer of Choice. This focus, coupled with our commitment to sustainability, will drive the future success of our business. As a part of this commitment, we continue to review our current programs and improve our environmental, social, and governance efforts in ways that mitigate risk and create value.

We remain committed to playing a role in the energy transition and are reorienting our portfolio to become a provider of the steelmaking coal necessary to build the new energy grid. As part of the transition, we will continue to responsibly grow our non-thermal revenue from our diversification initiatives, like our investment in R3 Renewables. We will responsibly mine our existing thermal coal reserves, given the importance of coal as a fuel to support evolving global energy needs, while we reduce annual volumes from our U.S. thermal mines by 20-40 million tons by 2035 (versus 2021 production).
We continue to execute on our own operational goals, including prioritizing safe mining, reclaiming one acre of land for every acre disturbed, diversifying our employee base to access the talent we need to thrive in a talent-constrained environment, and reducing the Scope 1 and 2 emissions from our operations by 15% from our 2018 baseline. We also remain committed to our net-zero aspirations, recognizing that making this aspiration a reality depends on the development and implementation of additional technologies. 

Peabody is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future.