Licence and
reputation
2018
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Total value distribution |
US$2.7bn |
KEY MEASUREMENTS – LICENCE AND REPUTATION
2018 | Status | 2017 | 2016 | 2015 | 2014 | ||||||
Total value distribution (US$m) | 2,711 | 2,850 | 2,505 | 2,425 | 2,650 | ||||||
SED spending (US$m) | 25,71 | 17.40 | 16.20 | 13.70 | 17.40 | ||||||
Workforce from host communities (%) | 566 | 40 | 484 | 59 | 57 | ||||||
In-country procurement (US$m)7 | 1,542 | 1,626 | 1,360 | 1,270 | 1,440 | ||||||
Host community procurement (US$m) | 441 5 | 774 | 558 | 514 | 600 | ||||||
Environmental incidents (Level 3 and above) | 2 | 2 | 3 | 5 | 4 | ||||||
Water recycled/reused (GL) | 41.4 | 42.3 | 44.3 | 43.1 | 42.4 | ||||||
Water withdrawal (GL)1 | 21.24 | 33.0 | 30.3 | 35.2 | 30.2 | ||||||
Electricity purchased (TWh)1 | 1.28 | 1.37 | 1.40 | 1.32 | 1.34 | ||||||
Diesel (TJ)1 | 6,599 | 6,765 | 6,608 | 6,960 | 6,066 | ||||||
CO2 emissions (‘000 tonnes)2, 3 | 1,852 | 1,959 | 294 | 1,753 | 1,694 | ||||||
Mining waste (million tonnes) | 149 | 212 | 196 | 167 | 139 | ||||||
Gross closure costs provisions (US$m) | 400 | 381 | 381 | 353 | 391 |
1 | The numbers disclosed only include our operations, as head offices are not considered material |
2 | The CO2 emission numbers include head offices and comprise Scope 1, 2 and 3 emissions |
3 | Scope 1 emissions are those arising directly from sources managed by the Company, Scope 2 emissions are indirect emissions generated in the production of electricity used by the Company, Scope 3 emissions arise as a consequence of the activities of the Company |
4 | Significant drop due to change of definition of water withdrawal to exclude diverted water |
5 | The decline is due to a change in the definition of host communities by our Australian operations to only include communities in their area of influence (previously Perth was included in the definition due to the FIFO nature of our mines) |
6 | South Deep’s host community definition was changed in 2018 to align with the 2016 municipal boundary change which amalgamated the Westonaria and Randfontein municipalities. It now includes all individuals who reside in the Rand West City Local Municipality. This number also excludes the Perth office and Gruyere project |
7 | Procurement spending by mines only, not projects |
2018 performance improvement on 2017 or achievement in line with strategy | |
2018 performance drop against 2017 | |
2018 performance on par with 2017 |
1 | We continued to enhance our social licence to operate through ESG focused initiatives |
Strategic responses – Licence and reputation |
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Key initiatives |
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Related risks |
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KEY STAKEHOLDERS – |
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Sustainable gold mining is imperative for Gold Fields' longevity and key to being the company of choice for all our stakeholders - our workforce, government, businesses, capital providers and our communities. This means developing mines across the world, operating responsibly and profitably over lives-of-mine and creating shared value for stakeholders.
Through environmental stewardship, we protect and enhance relationships between our operations and the communities in close proximity. By minimising the impact of our operations on these communities, ensuring ongoing meaningful engagement with stakeholders, and implementing sustainable development policies, we create Shared Value and deliver clear economic, social and environmental benefits to them.
The ability to fulfil our commitment to stakeholders requires that we operate sustainably and profitably. Above all, we require the highest levels of corporate governance and compliance. This is essential given the long-term, capital-intensive nature of our mining projects, as well as the, at times, challenging social and political contexts in which we operate.
In this section we deal with our licence and reputation, a pillar of our balanced scorecard. The section is divided into two parts, environmental stewardship and stakeholder relations.
Regulatory licences are issued by all levels of governments of the countries we operate in, and requires, first and foremost, good corporate citizenship from Gold Fields in terms of adherence to all relevant legislation. This includes the payment of taxes and other levies, as well as a robust governance and compliance approach. By building strong relationships with our stakeholders, we ensure that we operate beyond pure compliance.
During 2018, Gold Fields' total value distribution to our stakeholders was US$2.71bn (2017: US$2.85bn), in the form of payments to governments, capital providers, communities, businesses and our workforce. Over 90% of the value created remains in the countries of operation and increasingly in the communities that host our mines and projects.
The five key elements of our sustainable development strategy are:
Our objectives | Priorities | More info | |||||
Energy and climate change |
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Energy management Climate change |
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Social acceptance |
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Stakeholder relations | |||||
Water stewardship |
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Water management | |||||
Integrated mine closure and progressive rehabilitation |
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Mine closure | |||||
Integrated approach |
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CEO report | |||||