Media release

Gold Fields releases Climate Change Report and Report to Stakeholders

Johannesburg, 29 April 2021: Gold Fields Limited (JSE, NYSE: GFI)is pleased to announce that it has released  its two key ESG reports that profile the Company’s work in this area: the 2020 Report to Stakeholders and the 2020 Climate Change Report, aligned with the recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD)

The reports can be found on our website at www.goldfields.com.

2020 Climate Change Report

This is the third report produced in line with the TCFD recommendations. These are the key content items from the report:

• A comprehensive risk and vulnerability assessment per region and key adaptation measures to address these impacts and risks
• A summary of our climate change and water stewardship policy statements
• Our strategic priority in pursuing decarbonisation and building resilience to climate change in line with our commitment to the Paris Agreement
• Gold Fields’ journey to decarbonisation – we provide a clear roadmap indicating our strategy, supported by implementation projects, with targets to reach net zero carbon by 2050
• Integration of climate change and water stewardship into our operational management
• Details of how technology and innovation are critical in our journey towards decarbonisation

 

The 2020 Report to Stakeholders

Our stakeholder relationship and engagement policy, which aligns to the King IV Code on Corporate Governance, commits us to a stakeholder inclusive approach that balances the needs of the company with those of our stakeholders. In this report, our second Report to Stakeholders, we seek to demonstrate how we implement this commitment. The report covers:

• How we distributed value of US$2.85bn to our key stakeholders, including our employees, business partners, communities, governments, and capital
• Prioritisation of community value creation, which totalled US$676m in 2020, through the employment of host community members, sourcing goods and services from companies based in our host communities and socio-economic development investments
• The relevant strategic priorities of our recently launched ESG charter
• Detailed coverage of how each of our countries of operations have responded to the Covid-19 pandemic, including sustaining our mines and supporting our host communities and governments
• Successes and challenges that we face in delivering value to our stakeholders

 

Gold Fields has also published a new portal on all aspects of its tailings storage facilities (TSF) management. It can be found on our website at www.goldfields.com/environment-tsf.php. On this portal you can find out about the company’s TSF stewardship, performance, and management, including an interactive map showing the details of our 37 TSFs.

“In recent years, successfully managing ESG issues has become a critical consideration for our stakeholders,” says Gold Fields CEO Chris Griffith. “Investors in particular increasingly expect that we transparently disclose the impact of and how we manage ESG, and these two reports, plus the information published on our website, give an accurate picture of our key ESG priorities.”

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