SUSTAINABILITY Management approaches
Through regular materiality assessments that align with the Global Reporting Initiative (GRI) Universal Standards, we identify what matters most to our business and our stakeholders. Our GRI-aligned management approaches are designed to systematically address these priority topics, ensuring we manage our resources responsibly, foster positive stakeholder relations and create enduring value for our key stakeholders.
We review and update our GRI-aligned materiality analysis annually, which is driven and informed by Gold Fields' purpose and our commitment to leading environmental, social and governance (ESG) practices, reporting standards and frameworks. Material matters are those issues that could substantially impact Gold Fields’ outward influence on society, our host communities and the environment (including human rights), as well as our ability to deliver on the Group’s three strategic pillars and create value for our stakeholders over the short, medium and long term. Management of these issues is also critical in our ability to deliver on the Group's three strategic pillars and create value for our stakeholders over the short, medium and long term.
Refer to our Integrated Annual Report for detailed progress against our 2030 ESG targets.
In 2023, we initiated a new three-year analysis cycle and conducted a double materiality review to identify the Group's material matters. The results of the analysis further serve to inform Gold Fields' business plans and strategies, as well as our approach to external reporting.
As a first step, we analysed both our internal and external operating context and identified our material matters. These were interrogated by key internal stakeholders and aggregated into seven material themes. The material themes and matters were prioritised through engagement with our stakeholders. We then report on material issues in Gold Fields' annual reporting suite.
Read more about our 2023 material themes and matters here .
Below, we outline the key material themes and matters most important to our business and stakeholders. Each item links to detailed management approaches, providing insight into how these critical areas are managed and monitored. Where specific management approaches are not separately documented, links are provided to the relevant sections within the Gold Fields' reporting suite.
Material themes |
Material matters |
Related management approaches |
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Protecting the health, safety and wellbeing of our employees and contractors | Physical safety | Safety, health and wellbeing | ||
Health and wellbeing | ||||
Psychological safety | ||||
Creating enduring value for host communities and governments | Host government engagement and value creation | Refer to the Governments section in our 2023 Integrated Annual Report (IAR) |
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Community engagement and relations | Community engagement and relations | |||
Host community employment and procurement | Socio-economic development for host communities | |||
Socio-economic development | ||||
Managing our human capital | Diversity, equity and inclusion | Diversity, equity, inclusion and belonging | ||
Attract, retain and enhance talent and skills | Attract, retain and enhance talent and skills | |||
Remuneration and reward | Refer to our Remuneration Report in our
2023 Governance and Remuneration Report |
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Labour practices and relations | Labour practices and relations | |||
Respecting the rights of our stakeholders | Culture and heritage | Indigenous Peoples, culture and heritage | ||
Indigenous Peoples | ||||
Human rights | Human rights | |||
Security | ||||
Artisanal and small-scale mining (management approach under development) | ||||
Committing to sound environmental practices | Nature and biodiversity management | Nature and biodiversity management | ||
Tailings management | Refer to the Tailings management section in our 2023 IAR |
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Climate risk | Climate risk and energy and carbon management | |||
Energy and carbon management | ||||
Water stewardship | Water stewardship | |||
Environmental stewardship | ||||
Ensuring business resilience | Social and political risks | Refer to the Risks and opportunities section in our 2023 IAR |
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Materials stewardship and supply chain | Materials stewardship and supply chain (management approach under development) | |||
Delivering on our strategy and creating financial value for shareholders | Refer to our 2023 IAR |
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Integrated mine closure planning | ||||
Modernisation, innovation and technology | Management approach under development | |||
Cybersecurity | ||||
Stakeholder engagement and relations | ||||
Upholding sound corporate governance principles | Leadership and succession planning | Refer to our 2023
Governance and Remuneration Report |
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Board structure and composition | ||||
Legal and regulatory compliance | Compliance governance | |||
Executive remuneration | Refer to our Remuneration Report in our
2023 Governance and Remuneration Report |
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Ethics, transparency and integrity | Ethics conduct and integrity |