Exxaro CEO: Just energy transition is central to business strategy

Exxaro, the diversified mining group, has made headlines recently with its announcement to develop new renewable energy projects as part of its Just Energy Transition Plan. The company has partnered with Seriti and Eskom in an $8.5 billion deal aimed at transforming the energy landscape in South Africa. Exxaro's CEO, Mxolisi Mjogo, is currently attending the COP26 conference in Glasgow, where he is championing the company's commitment to a sustainable energy future. The South African Pavilion at COP26 has been abuzz with activity, showcasing the country's efforts towards a greener economy. Exxaro, as the largest supplier of coal to Eskom, is leading the charge towards renewable energy solutions. Mjogo emphasized the importance of a just transition that uplifts society and addresses socio-economic challenges alongside environmental goals. Mjogo highlighted the unique position of South Africa in the transition to cleaner energy, noting that the country's development needs must be considered alongside climate action. He stressed the importance of a gradual transition that creates new jobs, reskills workers, and boosts local economies. The $8.5 billion investment is just the beginning of a long journey towards sustainable industrialization in South Africa. At COP26, Mjogo engaged in discussions about the role of businesses in the energy transition. He emphasized the need for collaboration among corporates, stakeholders, and governments to ensure a smooth transition. The focus is not just on technical solutions but also on creating a conducive environment for green investments to flourish. One of the key points raised by Mjogo was the importance of stable power supply for industrialization. While acknowledging the challenges faced by Eskom in the transition, he underscored the need for ongoing support and cooperation to address power generation issues. Mjogo's optimism about South Africa's investment climate was echoed by foreign colleagues at COP26, who expressed confidence in the country's commitment to a sustainable future. As South Africa gears up for the budget announcement, Exxaro's Just Energy Transition Plan stands as a beacon of hope for a greener and more prosperous future. The company's leadership in renewable energy projects and its emphasis on a just transition have garnered praise and support from the international community. With continued collaboration and innovation, Exxaro is poised to lead the way towards a sustainable energy future.