Modern Slavery Statement 2020 Reporting Year

NEW HOPE GROUP MODERN SLAVERY STATEMENT 2020

Introduction

Forms of modern slavery, such as forced labour, child labour, debt bondage, servitude, human trafficking and deceptive recruiting for labour or services are a violation of human rights, are against the law, and are completely at odds with New Hope’s Core Values.

New Hope is committed to taking the issue of modern slavery seriously, including by identifying, assessing and mitigating modern slavery risks in our operations and supply chains, by being compliant with all modern slavery legislation, and by using our commercial leverage to reduce and contribute towards the elimination of modern slavery.

Identification of Reporting Entities

This the first modern slavery statement for New Hope Corporation Limited ABN 38 010 653 844 and its subsidiary reporting entities (New Hope).

Dexplan Pty Ltd ABN 48 607 185 339, New Hope Bengalla Pty Ltd ABN 33 607 197 811, New Acland Coal Pty Ltd ABN 90 081 022 380, Jeebroopilly Collieries Pty Ltd ABN 88 010 319 954 and New Hope Coal Marketing Pty Ltd ABN 13 136 073 722 are the subsidiaries of New Hope Corporation Limited that qualify as reporting entities for the purposes of the Modern Slavery Act. This is a joint statement for New Hope Corporation Limited and those entities.

This statement covers the reporting period from 1 August 2019 to 31 July 2020.

2 New Hope’s structure, operations workforce and operations are located and supply chains within Australia.

New Hope is an ASX-listed diversified Both the Bengalla and New Acland energy company with approximately mines are noteworthy for having a 850 total employees (including those permanent workforce that lives in the employed in our joint venture communities near the mine site. operations). We are headquartered in Supply Chains Brisbane, Queensland. In broad terms, New Hope’s Operations procurement expenditure is dominated Our operations include: by the sourcing of:

• The Bengalla mine, which is a • diesel fuel; thermal coal mine located near • mining equipment, parts and Muswellbrook in the Hunter Valley, tyres; New South Wales. The Bengalla mine is operated on behalf of a joint • port and rail access; and venture in which New Hope • mining explosives, (through its subsidiary New Hope (Major Procurement Items). Bengalla Pty Ltd) holds an 80% participating interest. A smaller percentage of overall • The New Acland mine, which is a expenditure is applied to the sourcing thermal coal mine located near of a multitude of other goods and Oakey in southern Queensland. services relevant to our activities. These include supply of consumables, • Petroleum exploration and production activities by our wholly logistics, utilities, labour hire, cleaning, owned subsidiary, Bridgeport consultancy and technical services Energy. Bridgeport’s headquarters (Minor Procurement Items). are in Sydney, with its operations

largely in southwestern Queensland. Risks of modern slavery in • A bulk handling operation at the operations and supply chains port of Brisbane, operated by our New Hope’s operations are carried out subsidiary Queensland Bulk entirely within Australia. All New Hope Handling. employees are engaged on terms and • Farming operations around our conditions which comply with mine sites operated by our Australian laws and are free to join and subsidiaries, Acland Pastoral be represented by unions. Company and Bengalla Pastoral Company. The Major Procurement Items Aside from a small marketing office mentioned in the previous section are located in Japan, all of New Hope’s procured from a small number of relatively large suppliers. All of these

suppliers are Australian entities, employees and business partners, and although some form part of larger procedures for reporting instances of multinational groups. For the most part, modern slavery. The Modern Slavery these organisations have sophisticated Policy Statement is made available to supply chain policies and procedures in external stakeholders on New Hope’s place. However, these organisations website. tend to have long supply chains in Working Group multiple countries, and we acknowledge that modern slavery risks A cross-functional working group met can be present further down these regularly to facilitate New Hope’s supply chains. We expect increasing activities in response to modern slavery visibility into the actions taken by these reporting requirements. The working suppliers as they move to report in group comprised representatives from accordance with the requirements of the legal, company secretary, the Modern Slavery Act. procurement and finance teams.

The Minor Procurement Items Supply chain mapping mentioned in the previous section are An external provider was engaged to procured from a large number (many conduct a risk assessment on New hundreds) of different suppliers which Hope’s supply chains. The risk range from large organisations to small assessment looked at risk based on family businesses. We take pride in the industry sector categorisation to fact that many of these suppliers are indicate areas of potential modern local providers based close to our slavery risk throughout the full scope of operations. In general, these suppliers our supply chains and operations. This operate wholly within Australia under initial risk assessment will provide Australian laws, and do not tend to direction and areas of focus for future have as extensive supply chains as the due diligence and remediation suppliers of Major Procurement Items. activities.

Template updates

Actions taken by New Hope New Hope’s procurement contract during the reporting period. templates and purchase order terms The following were among the were updated to require written activities undertaken New Hope during assurances and other undertakings the reporting period in support of its from suppliers in relation to modern modern slavery commitments: slavery and labour practices. These include representations that employees Modern Slavery Policy Statement will be engaged in accordance with all New Hope’s board approved a Modern relevant legal requirements and Slavery Policy Statement that sets our awards, and that neither the supplier commitment to addressing modern nor its immediate suppliers have slavery, our expectations of suppliers, engaged in illegal slavery-like offences.

Training Measuring effectiveness

New Hope provided modern slavery Following the actions which were awareness training for its executives carried out in our first reporting year, and selected employees. The training we have begun our 2020-2021 included modules on the nature of reporting year with greater levels of modern slavery and requirements awareness within our business of the under the Modern Slavery Act, New nature and risks of modern slavery. We Hope’s modern slavery risk profile, and will continue to build on this awareness steps to address modern slavery risks. in 2021 as we move to systemise our processes around the identification and More specialised training was provided mitigation of modern slavery risks. Our for New Hope’s procurement team. actions will be guided by our Policy This included modules on the Statement and by a 3-year plan which indicators of modern slavery to be will provide a framework for delivering aware of when conducting an on-site outcomes and measuring audit, reporting modern slavery risks, effectiveness. and appropriate engagement of new suppliers in high-risk industries and Progress snapshot categories. Raising awareness through staff Training staff at all levels of our training and board briefings. organisation helps the company Policy Statement and template updates. address the risk of modern slavery and High-level supply chain risk ensure that we have the capacity to assessment. conduct remediation when required. Working group oversight and monitoring.

Specific due diligence on high- Ongoing COVID-19 impact risk and new suppliers.

Throughout the COVID-19 pandemic As at the early stages of the 2020- New Hope made responsible and 2021 reporting year, we have measured decisions to protect the observed a heightened awareness of ongoing health and wellbeing of team modern slavery issues within our key members and successfully minimised suppliers and many of our larger the threat of COVID-19 entering a suppliers have now published their New Hope site. To date New Hope has own Modern Slavery Statements. had no cases of COVID-19 at any of its sites. Border closures affected As part of the actions that New Hope movement of some personnel, is undertaking in its second reporting however the largely local workforce at year, we have carried out audits upon a our sites meant that overall disruption selection of suppliers which we will was minimised. report on in our next modern slavery statement.

Process of consultation with Oversight and approval of this subsidiaries statement

The majority of New Hope entities The New Hope board maintains direct operate under common policies, oversight of modern slavery risks processes and branding with the through its corporate risk management parent company. process and is assisted in this by New Hope’s audit and risk committee. The New Hope Chief Executive Officer sits on the board of each subsidiary, Responsibility is delegated to including subsidiaries that are operated management for the identification and with joint venture partners. The ongoing management of the risks of majority of subsidiaries also have a modern slavery. This function has been common company secretary. performed during the reporting period Accordingly, there is substantial by the Modern Slavery Working Group. common oversight of subsidiary This statement has been approved by activities. the New Hope Corporation Limited A small number of subsidiaries Board, which is the principal governing (including Bridgeport Energy and body for the reporting entities named Queensland Bulk Handling) operate in this statement for the purposes of under different branding and in sectors the Modern Slavery Act. other than New Hope’s core mining business (including in agriculture, petroleum and port handling).

Together with other New Hope employees, representatives from these businesses were included in the modern slavery awareness training which was provided during the year.

Signed,

Ian Williams Director and Chairman of Audit and Risk Committee

This statement was approved by the board of New Hope Corporation Limited on 10 December 2020.