SUSTAINABILITY Management approaches

Management approaches

Our commitment to sustainability is driven by an understanding of our most significant environmental, social and economic impacts.

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.

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.

Our materiality analysis

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.

Our material themes

Our material theme

How we manage what is material

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
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  
  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  
  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  
  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  
  Materials stewardship and supply chain   Materials stewardship and supply chain (management approach under development)
  Delivering on our strategy and creating financial value for shareholders  
  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  
  Board structure and composition  
  Legal and regulatory compliance   Compliance governance
  Executive remuneration  
  Ethics, transparency and integrity   Ethics conduct and integrity