Sustainable Development

Chem X recognises that its future is intertwined with the future of the economy, society and the natural environment and commits to responsible corporate citizenship. We will balance our needs with those of our stakeholders to drive positive lasting impact.

Economic
Committed to responsible economic development through transparent tax contribution, employment and shared returns

Social
Committed to being an active contributor in all connected communities and a value-generating partner

Environment
Committed to accelerating decarbonisation with cutting edge production technology, lower costs and a smaller environmental footprint

Governance
Committed to the highest rigor in corporate governance and business ethics, aligned to leading standards and frameworks.

Chem X Materials will contribute to sustainable development by uniting resources and innovation, we seek to play a large part in the transition to a low-carbon future through transparent governance, authentic engagement and efficient use of resources

1

PHASE 1 – Materiality

Objective: Assess sustainability landscape to define project scope and priorities

Stakeholders and materiality

  1. Project drivers and ambition
  2. Stakeholder mapping
  3. Materiality assessment

ESG governance

  1. Internal scoping and review of current policies and standards
  2. Stakeholder inputs
  3. Policy development

 

 

 

2

PHASE 2 – Strategic Planning

Objective: Establish current level of sustainability activities at Chem X and future state ambition

Benchmarking

  1. Analysis of key strategic elements including strategy, mission and values, and ensure alignment with key governance structures. Agreement of sustainability ambition
  2. Review of peer ESG and sustainability performance
  3. Assessment of relevant global frameworks

Roadmap and strategy

  1. Development of action plan and roadmap

3

PHASE 3 – Communications

Objective: Transparently communicate sustainability performance to stakeholders

Communication delivery

  1. Data segmentation, collection and reporting, including goal & target setting
  2. Alignment with external bodies/standards
  3. Production of appropriate sustainability communications including
    • ASX releases
    • Corporate presentations
    • Chem X website
    • Annual Report
    • Sustainability Report

 

 

Chem X Materials will contribute to sustainable development by minimising our environmental footprint and making positive contributions to low-carbon communities through disruptive technology, ethical transparency and resource efficiency.

MEASURE & MONITOR

IMPROVE PERFORMANCE

MEASURE & MONITOR

FY22

  • Stakeholder mapping and materiality assessment
  • Peer and industry review
  • Sustainability ambition
  • Gap analysis & action plan
  • Sustainability update in Annual Report

MEASURE & MONITOR

FY23

  • Progress report against World Economic Forum “Stakeholder Capitalism” framework
  • Climate risk statement and TCFD roadmap
  • Data baselines set
  • First sustainability report

IMPROVE PERFORMANCE

FY24

  • Stakeholder survey and materiality reassessment
  • ESG improvement projects
  • Review inclusion of ESG targets in exec compensation
  • Supply chain engagement
  • Second sustainability report