Gold Fields wins International PWC award for Integrated Reporting
Johannesburg, 4 October 2013: Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) is pleased to announce that it has won a leading international integrated reporting award for its 2012 Integrated Annual Review.
The company was yesterday named the winner in the PwC Building Public Trust Awards in the "Overseas award: towards integrated reporting" category. Novo Nordisk (Denmark), PotashCorp (Canada) and Schiphol Group (Netherlands) were highly commended in the same category.
Gold Fields CFO Paul Schmidt accepted the award from Prof Mervyn King, chairman of the International Integrated Reporting Committee (IIRC), on behalf of the company at PwC’s 11th annual Building Public Trust Awards dinner in London. The event was attended by more than 300 business leaders, senior politicians and civil servants, regulators and professional bodies.
In his keynote address Ian Powell, PwC Chairman and Senior Partner, commended the organisations that had been successful in delivering excellence in their reporting and going beyond good reporting, by focusing on what it means to act as a responsible business.
The accolades, which were decided by a panel of independent judges, recognised the following organisations:
Overseas award: towards integrated reporting
Winner: Gold Fields (South Africa)
Highly commended: Novo Nordisk (Denmark), PotashCorp
(Canada), Schiphol Group (Netherlands)
Excellence in reporting in the FTSE 100
Winner: Anglo American
Highly commended: National Grid, The British Land Company
Excellence in Reporting in the FTSE 250
Winner: The Go-Ahead Group
Highly commended: African Barrick Gold, Great Portland Estates
Excellence in Reporting in the public sector (awarded jointly by PwC and the National Audit Office)
Winner: The Crown Estate
Highly commended: Defence Science and Technology Laboratory, Environment Agency
Powell said, “It is clear that business needs to engage with society to build trust. Through informed and open debate on the role of business in society, we should help to map out a new type of responsible capitalism. However if we are to build broad and sustainable trust, transparency needs to go much further than the financial numbers, to encompass the full range of an organisation’s impacts."
Addressing the audience when he accepted the award, Schmidt outlined Gold Fields' commitment to transparency in its reporting.
"It is precisely because we operate in the mining industry that we believe there is a responsibility on us to be transparent in how we report – we are in the public spotlight for many reasons and NGOs, communities, governments and the media keep a close eye on us. As such we need to be as transparent as possible. Even though the gold sector is going through tough times we have remained committed to reporting that gives an accurate and comprehensive picture of our company," he said.
Earlier this year Gold Fields won the EY Excellence in Integrated Reporting award and is one of five South African companies listed on the Dow Jones Sustainability Index for 2013.
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