SUSTAINABILITY International standards and principles
The WGC is the market development organisation for the gold industry. Its purpose is to stimulate and sustain demand for gold, provide industry leadership, and be the global authority on the gold market. The WGC develops gold-backed solutions, services and products, based on authoritative market insight and we work with a range of partners to put our ideas into action. It also provides insights into the international gold markets. The membership of the WGC includes the world’s leading and most forward thinking gold mining companies.
ICMM – Our Sustainable Development Framework is guided by the International Council on Mining and Metals' (ICMM) 10 Principles on sustainable development and the supporting position statements. Gold Fields alignment with the 10 principles and the mandatory position statements is annualy assured by an independent external assurance provider.
The Gold Fields Board of Directors, on behalf of the company, is committed to the principles and recommended practices of the King IV CodeTM on Corporate Governance
UNGC – We are guided by the principles advocated by the United Nations Global Compact (UNGC), in which we are a participant. This includes implementation of the Ten Principles in our business activities and our annual submission of a Communication on Progress (COP)
GRI Standards – Our reporting is guided by the internationally recognised Global Reporting Initiative’s (GRI) Standards Sustainability Reporting Guidelines, including the Mining and Metals Sector Supplement
RobecoSAM Sustainability Yearbook – The yearbook is the world’s most comprehensive publication on corporate sustainability. In 2019 Gold Fields qualified for inclusion in the yearbook for its excellent sustainability performance and leadership in its sector. RobecoSAM, whose methodology is also used in the assessment of the Dow Jones Sustainability Index, was bought by S&P Global in 2019.
AA1000 – All of our mines identify, prioritise and engage relevant stakeholder groups in accordance with the AA1000 stakeholder engagement principles, together will Gold Fields community policy Guideline Handbook the Community Relations and Stakeholder Engagement guidelines and handbook
EITI – We support the principles and processes of the Extractive Industry Transparency Initiative (EITI) through our membership of the ICMM. Our EITI supporting company form can be viewed on the Extractive Industries Transparency Initiative website
Gold Fields and its operations subscribe to a number of standards issued by the International Standards Organisation (ISO). These are ISO 14001 Environmental Management Standard; ISO 45001 Safety Management Standard; ISO 50001 Energy Management Standard (new standard, Cerro Corona, Damang and Tarkwa certified to date); ISO 27001 Information Security Management Systems Standard.
ICMC – All of our eligible operations are fully compliant with the requirements of the International Cyanide Management Code
In 2018, Gold Fields became the second Johannesburg Stock Exchange Limited (JSE)-listed company in South Africa (and the first mining company) to publicly back the United Nations (UN)-endorsed recommendations of the TCFD. The FSB Task Force on Climate-related Financial Disclosures (TCFD) has developed voluntary climate-related financial risk disclosures for use by companies in providing information to investors and other stakeholders. This submission replaced our annual submission under the Carbon Disclosure Project (CDP).
In 2020, as part of Gold Fields’ GRI reporting, we reported in line with SASB standards for the first time to better identify, manage, and communicate financially material sustainability risks and opportunities. A specific focus is our growing US investor base.
CDP works with water security motivates companies to disclose their water-related data and policies and reduce their environmental. The data CDP collects helps influential decision makers, in particular investors and consumers, to reduce risk, capitalise on opportunities and drive action towards a more sustainable world. Gold Fields has been submitting under the project since 2011
Gold Fields Limited has joined L’Appel de Paris / the Paris Pledge for Action to support the global call from [business/ cities/ civil society groups/ investors/ regions/ trade unions] for a credible, coherent and unmistakable signal that the Paris Agreement will be implemented and commitments met, or even better, exceeded. We urge other [business/ cities/ civil society groups/ investors/ regions/ trade unions] to also call for action and join the Paris Pledge for Action