Charter of Commitment for Digitalization and Innovation

Preamble:

This Charter of Commitment for Digitalization and Innovation formalizes the principles, values, and commitments of Procaneq Morocco in its digital transformation and innovation journey.

Introduction:

Recognizing the critical importance of increasing production and productivity, developing our workforce, and retaining our clients to ensure our growth and competitiveness in an ever-evolving environment, we have established a new corporate strategy based on three major pillars:

1. Digitalization and Innovation, making digital transformation a key lever to enhance competitiveness, responsiveness, and process efficiency. This transformation includes the digitization of all our maintenance, production, and Health, Safety, and Environment (HSE) systems, as well as the modernization of our mining equipment fleet through the integration of the latest technologies to improve operational efficiency.

2. Autonomous Fleet Development, adopting new technologies to enhance operational safety, minimize risks, and improve our employees’ working conditions.

3. Sustainable Operations, implementing advanced production management and planning systems to improve efficiency, reduce consumption, decarbonize, and optimize operations.

Article 1: Shared Vision

We commit to sharing our vision for innovation and digitalization, supported by a clear and precise roadmap, while integrating environmental sustainability and decarbonization objectives into our overall strategy.

Article 2: Commitment to Digitalization

• Ensure digital tools are accessible to all employees, regardless of their digital skill level, to foster a culture of digital inclusion.

• Invest in training programs to strengthen each employee’s digital skills, ensuring their adaptation to technological advancements.

• Implement processes enabling rapid adaptation to technological changes and the gradual, large-scale deployment of innovative tools.

• Promote an environment open to digitalization and automation of our procedures, management, and governance, where every team member can propose new ideas to achieve:

  • Operational Efficiency: Through process automation, reduced human error, and streamlined operations.

  • Data Accessibility: By leveraging data storage, analysis, and sharing for informed and swift managerial decisions.

  • Enhanced Collaboration: Through digital tools, including remote teamwork, to boost team productivity.

  • Agility and Adaptability: By integrating digital solutions, enabling quick responses to market changes and client needs.

Article 3: Commitment to Innovation

In a rapidly evolving digital landscape, openness to innovation is essential to ensure competitiveness, creativity, and organizational resilience. We will:

• Foster a creative environment where every member can propose new ideas, share knowledge, and test approaches that enhance productivity, sustainability, and carbon footprint reduction.

• Encourage external partnerships to co-create innovative solutions and diversify perspectives.

• Ensure innovation addresses real company needs by integrating feedback and prioritizing high-impact projects.

• Implement a technological watch system to stay informed about the latest sector innovations, enhancing competitiveness, adaptability, efficiency, sustainability, growth, and quality of life.

• Support internal initiatives by providing material, technical, and financial resources for employee-led projects.

• Guarantee that innovation and digitalization initiatives are ethical, inclusive, environmentally respectful, and gender-equal.

Article 4: Commitment to Autonomous Operations

We prioritize the technological transition to autonomous mining equipment, an advanced research area where global manufacturers are in pre-industrialization phases. Autonomous mining enhances safety, efficiency, cost reduction, precision, working conditions, and sustainability.

Article 5: Support for Research Initiatives

We commit to:

• Encouraging R&D initiatives that drive innovation in our sectors.

• Supporting knowledge creation, emerging technologies, and pioneering solutions for current and future challenges.

• Allocating dedicated funding for high-potential R&D projects.

• Partnering with universities, labs, and research centers to co-develop innovation projects.

Article 6: Training and Development

Continuous learning and skill development are strategic levers for innovation. We will equip our teams with the technical resources and skills needed to harness the benefits of our digitalization and innovation strategy.

Article 7: Continuous Evaluation and Adjustment

We will establish performance indicators to assess the impact of our initiatives and commit to ongoing adjustments based on results.

Article 8: Communication

We pledge to communicate transparently and regularly about all innovation and digitalization roadmap projects and their impacts, ensuring broad engagement and alignment.

Conclusion:

By signing this charter, we affirm our commitment to advancing innovation and digitalization at Procaneq Morocco, shaping a sustainable and high-performance digital future for our organization and partners.

Every member of the organization commits to upholding and promoting these values to build a digital future that meets stakeholder expectations.

We are determined to tackle tomorrow’s challenges and ensure a safe, sustainable future for our company and partners.

Mohamed EL HARIRI

Chairman & CEO, Procaneq Morocco

Casablanca, November 25, 2024