SET BUSINESS OBJECTIVES IDENTIFY RISKS & OPPORTUNITIES ASSESS RISKS & OPPORTUNITIES Prioritize Risks & Opportunities by assessing likelihood and impact MONITORING AND REPORTING Monitor all risks & opportunities and submit quarterly report to Risk Management Committee, Audit Committee and Board of Director PROMOTE AWARENESS Promote awareness through various communication channels DEVELOP MANAGEMENT PLANS To mitigate risks and utilize opportunities 1 5 2 4 3 RISK MANAGEMENT RISK MANAGEMENT RISKS AND OPPORTUNITIES MANAGEMENT PROCESS Banpu takes a comprehensive view on reducing our carbon footprint. Our GHG reduction strategy covers our existing assets, assets that Banpu will develop in the future, new acquisitions to the business and our supply chain. Banpu has implementedacomprehensiveandstructured riskmanagement framework which aligns with the international standard of the Committee Sponsoring Organizations of the Treadway Commission (COSO) and the International Organization for Standardization’s ISO 31000, to identify, assess, manage, and report climate-related risks and opportunities across the organization to prevent any possible adverse impacts on the business and enhances the business opportunities, leading to long-term value creation for Banpu. Mining Activity, Indonesia Climate Change Report 2024 29 Introduction Governance Strategy Risk Management Metrics & Targets Looking Ahead
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