ESG Approach
The Company and its subsidiaries are committed to conducting business in a responsible and sustainable manner. The Company’s core ESG values are:
- maximizing the positive effect of the Company’s projects and operations for all stakeholders;
- caring for the environment in which the Company operates;
- contributing to both the short-term and long-term development of the Company’s host communities;
- ensuring safe and secure workplaces for the Company’s employees;
- contributing to the welfare of the Company’s employees and local communities; and
- promoting good corporate governance, through openness, transparency, and accountability.
We are working to develop a set of performance indicators to measure and monitor key environmental, social sustainability and governance activities at the Waterberg Project. We wish to achieve a high level of understanding and commitment from those who carry out our day-to-day activities. Our social performance indicators aim to cover social risk management, grievance management and community investment. Our environmental performance indicators aim to cover environmental impact mitigation, audits, water, energy, greenhouse gas emissions (“GHG”) and environmental remediation and rehabilitation. Health and safety performance indicators are also to be recorded and monitored.
ESG Reporting and Assessment
The Company’s ongoing ESG analysis continues to refine the set of performance indicators to measure and monitor key environmental, social sustainability and governance activities at the Waterberg Project. The Company wishes to achieve a high level of understanding and commitment from those who carry out our day-to-day activities. The Company’s social performance indicators aim to cover social risk management, grievance management, community investment and human rights. The Company’s environmental performance indicators aim to cover environmental impact mitigation, audits, water, energy, GHG emissions, and environmental remediation and rehabilitation. Health and safety performance indicators are also to be recorded and monitored.
The Company has worked with Digbee Ltd. (“Digbee”) since 2021 to independently assess its ESG development and disclosure at both the corporate and project level as it moves toward the construction phase of the Waterberg Project. The Digbee ESG platform is aligned with over 25 global reporting standards to generate an appropriate ESG score for development stage mining companies and address real risk.
As part of the Waterberg Mining Right application process, the Company developed a wide-ranging set of studies and plans in relation to potential ESG impacts. These studies and plans were leveraged to form the basis of the Digbee ESG assessment and subsequent outcomes.
For 2025, an independent team of Digbee ESG experts evaluated the Company’s ESG submission against a set of rigorous and standardized scoring criteria. To ensure accuracy and credibility, these scores were finalized after being peer reviewed. As of October 2025, Platinum Group achieved an overall score of BBB with a range of CC to AAA based on the information provided.
Awarded ESG Ratings (October 2025)
The total score shown above is the calculated average of the corporate and project scores which are displayed on the right. While there is little that can be done to influence project context scores, they reflect the inherent risk of the environment in which the Company operates. In contrast, project action scores reflect the steps the Company has taken to mitigate these risks.
For additional information, please refer to the Company’s 2025 Annual Information Form available on Sedar+ at www.sedarplus.ca and on Edgar at www.sec.gov.