$ Report No: RES00448 RESTRUCTURING PAPER ON A PROPOSED PROJECT RESTRUCTURING OF Transforming Landscapes for Resilience and Development in Zambia APPROVED ON 15-May-2019 TO REPUBLIC OF ZAMBIA Environment, Natural Resources & the Blue Economy Eastern And Southern Africa Regional Vice President: Victoria Kwakwa Regional Director: Iain G. Shuker Country Director: Nathan M. Belete Practice Manager: Paul Jonathan Martin Task Team Leader(s): Ngao Mubanga, Tuukka Castren The World Bank Transforming Landscapes for Resilience and Development in Zambia (P164764) ABBREVIATIONS AND ACRONYMS AWS Automated Weather Stations CSA Climate-Smart Agriculture CFMG Community Forest Management Group DNPW Department of National Parks and Wildlife GRZ Government of Zambia IDA International Development Association IPF Investment Project Financing MoGEE Ministry of Green Economy and Environment NFR Natural Forest Regeneration NRZ Northern Region of Zambia PA Protected Areas PHLM Post-Harvest Loss Management PDO Project Development Objective RP Restructuring Paper TRALARD Transforming Landscapes for Resilience and Development The World Bank Transforming Landscapes for Resilience and Development in Zambia (P164764) @#&OPS~Doctype~OPS^dynamics@restrhybridbasicdata#doctemplate BASIC DATA Product Information Operation ID Operation Name Transforming Landscapes for Resilience and P164764 Development in Zambia Product/Financing Instrument Geographical Identifier Investment Project Financing (IPF) Zambia Approval Date Current Closing Date 15-May-2019 31-Dec-2025 Original EA Category Partial Assessment (B) (PAD Approval Package-15 May 2019) Organizations Borrower Responsible Agency Ministry of Green Economy and Environment (MoGEE), REPUBLIC OF ZAMBIA National Project Coordination Unit @#&OPS~Doctype~OPS^dynamics@restrhybridoperationstatus#doctemplate OPERATION STATUS Project Development Objective (DO) Original Development Objective To improve natural resource management in select districts to support sustainable livelihoods, and in the event of an eligible crisis or emergency, to provide immediate and effective response to the eligible crisis or emergency. Disbursement Summary (in USD million) i The World Bank Transforming Landscapes for Resilience and Development in Zambia (P164764) Source of Funds Net Commitment Disbursed Undisbursed % Disbursed IBRD -- -- -- 0 IDA 87.54 81.43 2.46 93.02 Grants -- -- -- 0 Policy Waivers Does this restructuring trigger the need for any policy waiver(s)? No @#&OPS~Doctype~OPS^dynamics@restrhybridmpa#doctemplate @#&OPS~Doctype~OPS^dynamics@restrhybridmpa#doctemplate ii The World Bank Transforming Landscapes for Resilience and Development in Zambia (P164764) TABLE OF CONTENTS I. PROJECT STATUS AND RATIONALE FOR RESTRUCTURING ........................................................................................1 II. DESCRIPTION OF PROPOSED CHANGES ....................................................................................................................4 III. PROPOSED CHANGES ................................................................................................................................................6 IV. DETAILED CHANGE(S) ...............................................................................................................................................6 The World Bank Transforming Landscapes for Resilience and Development in Zambia (P164764) I. PROJECT STATUS AND RATIONALE FOR RESTRUCTURING A. Project Status 1. Status: The World Bank is providing the Government of Zambia (GRZ) with a US$87.2 million credit for the Transforming Landscapes for Resilience and Development (TRALARD) project. This project was approved on May 15, 2019, and the Financing Agreement became effective on November 13, 2019. The current closing date for the project is December 31, 2025. 2. In February 2023, the project underwent a restructuring as part of a portfolio omnibus restructuring, which included a partial cancellation of US$12.8 million to support other GRZ financing priorities. Consequently, the project amount was adjusted from US$100 million to US$87.2 million. In June 2023, the project was restructured again to incorporate adjustments agreed upon during the November 2022 Mid-Term Review. These adjustments included updating the Results Framework, reallocating funds among components, and modifying the disbursement categories. The restructuring aimed to ensure that indicator targets were realistic against planned interventions. However, they were not adjusted to reflect the reduced financing, based on the understanding that the cancelled US$12.8 million would be reimbursed to the project before its closure. In addition, SDR to USD exchange rate losses and inflation have further reduced the funding available to the project. 3. This Restructuring Paper (RP) proposes further adjustments to the project, including an update to the Results Framework. The proposed changes involve revising the end-of-project targets for selected indicators to better align with the available project resources. Following the May 2024 Implementation Support Mission, it was agreed that the cancelled US$12.8 million will not be reinstated to the current project but will be processed under a new project. 4. Project Design. The Project Development Objective (PDO) is to improve natural resource management in select districts to support sustainable livelihoods, and in the event of an eligible crisis or emergency, to provide immediate and effective response to the eligible crisis or emergency. The project is designed to finance activities across four components: (i) Component 1: Promoting Diversified, Resilient, Sustainable Livelihoods (US$ 65.5 million equivalent); (ii) Component 2: Management of Community Forests and Protected Areas (US$ 17.2 million equivalent); (iii) Component 3: Project Management, Coordination, and Monitoring (US$ 7.5 million equivalent) and (iv) component 4: Contingency Emergency Response Component (CERC, Standardized) (US$ 0.0 million equivalent). The project is implemented in 16 of the 31 districts in the three Northern Region of Zambia (NRZ) Provinces: Chifunabuli, Kawambwa, Lunga, Nchelenge, and Samfya (Luapula Province); Chama, Lavushimanda, Mpika, Mafinga, Isoka, and Kanchibiya (Muchinga Province); and Chilubi, Mbala, Mungwi, Mpulungu, and Nsama (Northern Province). 5. The NRZ is characterized by pervasive poverty among the targeted communities resulting in their absolute reliance on the exploitation of natural resources, leading to degradation of landscapes and ecosystems, further exacerbated by the increasingly insufficient capacity of these communities to withstand climate change impacts. Therefore, the project is addressing the following constraints and issues: (a) lack of sound Page 1 The World Bank Transforming Landscapes for Resilience and Development in Zambia (P164764) practices in using natural resources sustainably, (b) limited livelihoods options of the most vulnerable communities, (c) vulnerability of communities to climatic shocks, and (d) inadequate management of Protected Areas (PAs). This project is the first phase of a long-term landscape investment program that will require deepening and scaling up within the target Provinces and across the country. 6. Overall Summary of Progress to date: The current performance of the project in terms of progress towards the PDO and overall Implementation Progress are rated Satisfactory. The Government continues to be strongly committed to the project implementation. With 14 months remaining in the project timeline, significant strides have been made towards enhancing the scalability and sustainability of project interventions. The Government has committed to embedding the project within its operations, securing diverse financial avenues for community sub-projects, and providing timely support to Community Forest Management Groups (CFMGs). Key achievements include supporting 31,514 households with diversified livelihoods, completing 20 embankments and crossing points, and making substantial progress on climate- resilient infrastructure. Additionally, the national network of 120 Automated Weather Stations (AWS) is fully operational, contributing to global forecasting efforts. However, challenges remain, including delays in some infrastructure projects and the need to address funding gaps for essential activities. Overall, the implementation progress of the three components is described below: 7. Progress made under Component 1: Promoting Diversified, Resilient, Sustainable Livelihoods: The component is rated Satisfactory, it has shown commendable progress on the ground, aimed at strengthening the resilience of target communities facing climate change impacts. The activities under this component include: (a) increasing smallholder production and productivity; (b) mitigating farmers’ risks through the adoption of new technologies; and (c) facilitating the adoption of alternative livelihoods as sustainable and resilient initiatives with reduced reliance on natural resources. These activities form an integrated approach to alleviating the vulnerability of rural communities to growing climate change hazards and strengthening their resilience and adaptive capacity. 8. Under, Sub-component 1.1 Diversifying Livelihoods and Improving Farming Practices, the project has made significant strides in delivering planned outputs. A total of 31,514 households (exceeding the target in year four of 25,000) have been supported to diversify their livelihoods through integrated community sub- projects. Additionally, the land area under sustainable landscape management practices has reached 99,515 hectares, surpassing year four target of 75,000 hectares. Currently, 54,158 farmers have adopted improved agricultural technologies, against a target of 116,914. This target is expected to be surpassed once data from the agricultural camps is updated at the end of the 2024/2025 farming season. 9. For Sub-component 1.2 Developing Productive and Resilient Infrastructure for Sustainable Livelihoods: Significant progress has been recorded in addressing the deficit of resilient infrastructure in areas most vulnerable to climate change impacts. Out of the 24 planned bulking centers, 21 have been substantially completed and are ready for handover. Additionally, 18 crossing points and embankments have been successfully completed and are in use by the communities. Of the nine (9) irrigation canals and weirs under construction, one has been completed, with the remaining eight (8) expected to be completed by October 2024. The four (4) planned transportation channels in Lunga have been completed and are in use. Six staff Page 2 The World Bank Transforming Landscapes for Resilience and Development in Zambia (P164764) houses under the Department of National Parks and Wildlife (DNPW) and three project staff houses have been completed and are in use. An additional 17 staff houses (6 in Lavushimanda and 11 in Lusenga) are expected to be completed by December 2024. One office block is complete and in use in Lavushimanda, while the office block, park gate, and information center in Lusenga are expected to be completed by December 2024. 10. Under Sub-Component 1.3 Strengthening Communities and Expanding Services, as of the second quarter of 2024, 297 savings groups have been formed, with 6,784 individuals (3,982 of whom are female) participating. Cumulatively, K3,285,481 has been saved and loaned out. A total of 81 Integrated Ward Development Plans have been developed. Additionally, farming groups in all 16 participating districts have been trained in Climate-Smart Agriculture (CSA) and Post-Harvest Loss Management (PHLM). 11. Under Sub-Component 1.4 Strengthening Climate Hydro-meteorological information, a total of 120 Automated Weather Stations (AWS) have been installed and are transmitting data to the Zambia Meteorological Department (ZMD) headquarters. An additional 15 AWS are expected to be installed by December 2024. Furthermore, 200 rain gauges and soil moisture sensors and data loggers have been delivered to ZMD, for installation. This was planned for in house (by ZMD) installation, using internal resources and personnel. However, budget realignments due to drought have reduced funding to the department, which has impacted this plan. It is expected that this activity will have to be considered under project resources going forward. 12. Progress made under Component 2, Management of Community Forests and Protected Areas: The component is rated Moderately Satisfactory, there has been delays in the implementation of the activities under sub-component 2.2. The implementation of sub-component 2.1: Community Forest Management (CFM) and Natural Forest Regeneration (NFR), has progressed steadily, a total of 28 Community Forest Management Groups (CFMGs) against the target of 30 CFMGs have been established and recognized. The total forest area brought under management plans is 50,029.81ha. In addition, 4,480ha of land has been put under natural regeneration. With regards to protected areas, significant progress has been made in Lavushimanda and Lusenga plains national parks with activities around improved management (monitoring equipment, staff houses, loop roads maintenance) and community outreach having taken off. Construction of various park infrastructure in both Lavushimanda and Lusenga Plains National Parks are progressing well. The Bank team has worked closely with Department of National Park and Wildlife (DNPW) to ensure compliance of these activities with safeguard policies, including through the effective functioning of the grievance redress mechanism (GRM), incident reporting, application of the Process Framework and the process to conduct an institutional assessment of DNPW’s policies, procedures and capacity has commenced. 13. Progress made under Component 3: Project Management, Coordination, and Monitoring: The project has continued to be rated satisfactory in terms of project management, finance, procurement, and safeguards. The Project has continued to record unqualified audits. As the project draws towards closure, it has suffered from staff attrition. The Project has vacancies for National Coordinator, Infrastructure Engineer and three District Operations Officers. However, due to the limited time remaining on the project, the recruitment Page 3 The World Bank Transforming Landscapes for Resilience and Development in Zambia (P164764) cut-off point has been reached. As such, line ministries and local authorities have been engaged to appoint focal points as the case maybe. Internally, additional responsibilities have been placed on selected staff and an Interim national project coordinator has been in place since June 2023. This is not expected to adversely affect project implementation. 14. Disbursements: As of October 9, 2024, a total of US$81.43 million had been disbursed with corresponding impact on the ground. This corresponds to a disbursement rate of 93% of the total funding of US$87.20 million during the elapsed implementation period of 58 months since November 11, 2019, the date of signature. The project is likely to utilize the total allocation during the remaining 14 months. On the financial management front, the project has no outstanding interim financial reports or pending audits. 15. Compliance with covenants. The project is compliant with all its legal covenants as stipulated in the Financing Agreement. B. Rationale for Restructuring 16. The proposed restructuring would adjust the end-project targets for selected intermediate indicators. This adjustment is necessary to ensure that the project targets are met within the revised project envelope, following the partial cancellation of US$12.8 million. This restructuring aligns with the assessment conducted during the last mission in May 2024. 17. Following the partial cancellation of US$12.8 million in February 2023, the project’s results targets remained unchanged, with the expectation that funds receive additional compensatory resources during the project’s lifespan. However, Additional Financing to the project would require a shift to the Environmental and Social Framework and the Ministry of Finance and National Planning (MOFNP) has now requested a successor project that would be able to finance activities that remain un-funded under this Project; and requested on September 11, 2024, to restructure the project by taking into account the implication of the cancelled amount of US$12.8 million on the project results framework. II. DESCRIPTION OF PROPOSED CHANGES 18. The proposed restructuring will entail a downward adjustment in three Intermediate Results Indicators, and cancellation of selected activities that will not be financed under this project due to the partial cancellation of US$12.8 million. The PDO and the loan closing date will remain unchanged. Changes to Results Framework 19. The following changes to the Results Framework are proposed. i. Intermediate indicator “Beneficiaries with access to improved/new infrastructure (Number)” reduced from original 668,070 to 442,100 beneficiaries. Page 4 The World Bank Transforming Landscapes for Resilience and Development in Zambia (P164764) ii. Intermediate indicator “Water channels for transportation rehabilitated (Kilometers)” reduced from original 173.00 to 126.00 Kilometers. iii. Intermediate indicator “Total area of established natural forest regeneration (NFR) (Hectare (Ha)” reduced from original 12,000 to 5,000 hectares. 20. The revised targets and rationale for each proposed change above are detailed in the table below. Table 1: Revised Indicator Targets Intermediate Results Proposed change Rationale Indicators Initial Proposed target target Beneficiaries with access to 668,070 442,100 The target (668,072) was assessed and found not to be improved/new feasible due to the cancellation of $12.8 million. infrastructure (Number) Therefore, the target has been revised downwards. Water channels for 173 126 The target (173 km) was assessed and found not to be transportation rehabilitated feasible due to the cancellation of $12.8 million. (Kilometres) Therefore, the target has been revised downwards. Total area of established 12,000 5,000 The target (12,000) was assessed and found not to be NFRs (Hectare (Ha)) feasible due to low participation, mainly due to land governance issues. Therefore, the target has been revised downwards. 21. As part of this restructuring, the following activities will not be executed under TRALARD. Table 2: Cancelled Activities Activity Component 1 Completion of Dredging of Transportation Channels in Lunga/Chilubi District Sub-Component 1.2 2 Supply, Delivery, Installation and Commissioning of the Lightening Detection Sub-component 1.4 Network for ZMD 3 Supply, Delivery, Installation and Commissioning of the Calibration Equipment Sub-component 1.4 for ZMD 4 Rehabilitation of the Calibration Facility (Lab) at ZMD Sub-component 1.4 5 Replacement of Mercury Equipment with Digital (Non-Mercury) Sub-component 1.4 Meteorological Instruments at various ZMD Stations 6 Construction of Irrigation schemes, canals and weirs and Crossing Points – Sub-Component 1.2 Northern Province 7 Construction of a Crossing point in Mpika and Mbala Sub-Component 1.2 Page 5 The World Bank Transforming Landscapes for Resilience and Development in Zambia (P164764) 22. Safeguards: The proposed restructuring does not change the project’s environmental classification nor trigger the application of any new policies or exceptions to any Bank safeguard policies. 23. The Project Development Objective (PDO): There will be no changes to the PDO, composition of the project components, or safeguards policies. With the proposed level 2 restructuring, the PDO remains achievable. The Borrower has adequate technical and supervision capacity to implement the remaining civil works related to infrastructure and implement other project activities under the new restructured terms. The Borrower’s performance is assessed as Satisfactory, and the implementing partners are fully committed to ensuring the successful completion of the project by the project’s closing date. 24. Technical and Social Analysis: The proposed changes will not entail a need to change the original technical or social aspects of the project as appraised. @#&OPS~Doctype~OPS^dynamics@restrhybridsummarychanges#doctemplate Summary changes III. PROPOSED CHANGES Operation Information Proposed Changes Operation Information Proposed Changes Results Yes Loan Closing Date Extension No Development Objective No Loan Cancellations No Safeguard Policies Triggered No Reallocations No ISDS No Financial Management No MFD/PCE No Procurement No Risks No Institutional Arrangement No Legal Covenants No Implementation Schedule No Conditions No Implementation Modalities No Disbursements Estimates No Disbursements Arrangements No DDO No Clients No Appraisal Summary No Components No @#&OPS~Doctype~OPS^dynamics@restrhybriddetailedchanges-disclose#doctemplate IV. DETAILED CHANGE(S) Page 6 The World Bank Transforming Landscapes for Resilience and Development in Zambia (P164764) COSTS & FINANCING Private Capital Facilitation Is this an MFD-Enabling Project (MFD-EP)? Is this project Private Capital Enabling (PCE)? LOANS Page 7 The World Bank Transforming Landscapes for Resilience and Development in Zambia (P164764) RESULTS COUNTRY: Zambia Transforming Landscapes for Resilience and Development in Zambia @#&OPS~Doctype~OPS^dynamics@restrannexpolicyandresult#doctemplate PDO Indicators by PDO Outcomes Improve natural resource management in select districts to support sustainable livelihoods Indicator Name Baseline Actual (Previous) Actual (Current) Closing Period Result Month/Year Result Date Result Date Result Month/Year 0.00 Jan/2019 99,515.00 31-May-2024 99,515.00 31-May-2024 150,000.00 Dec/2025 Land area under sustainable Comments on achieving targets landscape management practices (Hectare(Ha)) 0.00 Jan/2019 54,158.00 31-May-2024 54,158.00 31-May-2024 116,914.00 Dec/2025 Farmers adopting improved agricultural technology (Number) Comments on achieving targets This indicator measures the number of farmers (of agricultural products) who have adopted an improved agricultural technology promoted by operations supported by the World Bank. Farmers adopting improved 0.00 29,620.00 29,620.00 58,457.00 agricultural technology - Female (Number) Farmers adopting improved 0.00 24,538.00 24,538.00 58,457.00 agricultural technology - male (Number) Households adopting diversified 0.00 Jan/2019 31,514.00 31-May-2024 31,514.00 31-May-2024 32,000.00 Dec/2025 livelihood activities supported by the project (Number) Page 8 The World Bank Transforming Landscapes for Resilience and Development in Zambia (P164764) Households adopting 0.00 Jan/2019 9,195.00 31-May-2024 9,195.00 31-May-2024 9,600.00 Dec/2025 diversified livelihood activities Comments on achieving targets Number of female-headed households adopting diversified livelihood activities out of total number of supported by the project - households reached by the project. 30% of the 27,836 households adopting diversified livelihoods are expected Females (Number) to be female headed households. Households adopting 0.00 Jan/2019 22,319.00 31-May-2024 22,319.00 31-May-2024 22,400.00 Dec/2025 diversified livelihood activities Comments on achieving targets Number of male-headed households adopting diversified livelihood activities out of total number of households supported by the project - reached by the project. Males (Number) 0.00 Jan/2019 50,029.81 31-May-2024 50,029.81 31-May-2024 525,000.00 Dec/2025 Forest area brought under Comments on achieving targets management plans (Hectare(Ha)) Intermediate Results Indicators by Components Component 1: Promoting Diversified, Resilient, Sustainable Livelihoods Indicator Name Baseline Actual (Previous) Actual (Current) Closing Period Result Month/Year Result Date Result Date Result Month/Year 0.00 Dec/2018 167,101.00 31-May-2024 167,101.00 31-May-2024 292,282.00 Dec/2025 Comments on achieving targets This indicator measures the number of farmers who were provided with agricultural assets or services as a result of World Bank project support. "Agriculture" or "Agricultural" includes: crops, livestock, capture fisheries, aquaculture, agroforestry, timber, and non-timber forest products. Assets include property, biological assets, and farm and processing equipment. Biological assets may include animal agriculture breeds (e.g., livestock, Farmers reached with agricultural fisheries) and genetic material of livestock, crops, trees, and shrubs (including fiber and fuel crops). Services assets or services (Number) include research, extension, training, education, ICTs, inputs (e.g., fertilizers, pesticides, labor), production- related services (e.g., soil testing, animal health/veterinary services), phyto-sanitary and food safety services, agricultural marketing support services (e.g., price monitoring, export promotion), access to farm and post- harvest machinery and storage facilities, employment, irrigation and drainage, and finance. Farmers are people engaged in agricultural activities or members of an agriculture-related business (disaggregated by men and women) targeted by the project. Page 9 The World Bank Transforming Landscapes for Resilience and Development in Zambia (P164764) Farmers reached with 0.00 88,753.00 88,753.00 146,141.00 agricultural assets or services - Female (Number) Share of women participants in 0.00 Dec/2018 57.00 31-May-2024 57.00 31-May-2024 50.00 Dec/2025 Savings and Credit clubs Comments on achieving targets No change from last reporting. The next reporting on this indicator is year 5, 2024 (Percentage) 0.00 Dec/2018 0.00 31-May-2024 0.00 31-May-2024 70.00 Dec/2024 Beneficiaries reporting satisfaction Comments on achieving targets This indicator will be reported on in year 5 (2024). The beneficiary study is under way and with key aspects of collaboration process (Percentage) results are expected to be finalised by the next ISR. 0.00 Dec/2018 81,357.00 31-May-2024 81,357.00 31-May-2024 442,100.00 Dec/2025 Revise Beneficiaries with access to Comments on achieving targets Given that infrastructure is still under construction with expected completion in the first improved/new infrastructure (Number) quarter of 2024 , the number of beneficiaries is expected to increase by next reporting period. Revise Water channels for 0.00 Dec/2018 51.00 31-May-2024 51.00 31-May-2024 126.00 Dec/2025 transportation rehabilitated Comments on achieving targets This indicator outcome is below the target due to the delays in commissioning the works for (Kilometers) rehabilitation of water channels. Improved hydromet system 0.00 Dec/2018 120 31-May-2024 120 31-May-2024 60.00 Dec/2025 rehabilitated and/or newly installed (Number) Area provided with new/improved 0.00 Dec/2018 0.00 31-May-2024 0.00 31-May-2024 1,464.00 Dec/2025 irrigation or drainage services Comments on achieving targets The construction of irrigation canals only commenced after September 2023, therefore none (Hectare(Ha)) of them has been completed. Indicator can only be updated after completion of each site. Area provided with new 0.00 Dec/2018 0.00 31-May-2024 0.00 31-May-2024 732.00 Dec/2025 irrigation or drainage services Comments on achieving targets Measures in hectares the total area of land provided with new or improved irrigation or drainage services in (Hectare(Ha)) operations supported by the World Bank. Area provided with improved 0.00 Dec/2018 0.00 31-May-2024 0.00 31-May-2024 732.00 Dec/2025 irrigation or drainage services Comments on achieving targets Measures in hectares the total area of land provided with new or improved irrigation or drainage services in (Hectare(Ha)) operations supported by the World Bank. Component 2: Management of Community Forests and Protected Areas Page 10 The World Bank Transforming Landscapes for Resilience and Development in Zambia (P164764) Indicator Name Baseline Actual (Previous) Actual (Current) Closing Period Result Month/Year Result Date Result Date Result Month/Year 0.00 Dec/2018 21.00 31-May-2024 21.00 31-May-2024 30.00 Dec/2025 Community Forest Management Comments on achieving targets No change from last reporting period. The number is 21, it was wrongly entered as 22 last groups established (Number) reporting, this has been revised. 0.00 Dec/2018 4,707.17 31-May-2024 4,707.17 31-May-2024 5,000.00 Dec/2025 Revise Total area of established NFRs Comments on achieving targets NFR areas established for restoration/rehabilitation of degraded land areas. NFRs to be established in an (Hectare(Ha)) average of 3 wards per district. 0.00 Dec/2018 4,279.00 31-May-2024 4,279.00 31-May-2024 15,750.00 Dec/2025 Beneficiaries participating in CFM and Comments on achieving targets Indicator will measure number of people that will participate in and derive benefits from established CFMs and NFR groups (Number) NFR areas. 30 CFMs and 45 NFR areas to be formed, each consisting 35 households with an estimated number of 6 people per household. Female led Community Forest 0.00 Dec/2018 20.00 31-May-2024 20.00 31-May-2024 50.00 Dec/2025 Management groups (Percentage) 0.00 Dec/2018 22,472,515.00 31-May-2024 22,472,515.00 31-May-2024 32,305,476.00 Dec/2025 Net greenhouse gas emissions (Metric ton) Comments on achieving targets No change as next reporting will be in year 5 Page 11