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GOLD FIELDS LIMITED INTEGRATED ANNUAL REPORT 2021

Material matters

Our materiality analysis identifies the significant environmental, social, economic and governance-related factors that could substantively influence the decisions our capital providers and other stakeholders make about Gold Fields' ability to deliver on its strategic objectives and create value over the short, medium and long term. This analysis contributes to the development of the Group's business plans and strategies.

Gold Fields conducts an annual GRI aligned materiality analysis, which informs, and is informed by:

  • Our commitment to long-term sustainable growth
  • Our strategy and, specifically, ESG as one the Group's strategic pillars
  • ESG-related work and enterprise risk management processes

Our 2021 materiality analysis concludes a three-year cycle. Highlights of this cycle include establishing a Steering Committee that undertook a comprehensive review of our definition of material matters, and updated scope and boundaries. This included the construction and commissioning of Gruyere in Australia, as well as the permitting and start of the construction of Salares Norte in Chile. We had a first-principles approach to the build-up of topics identified from over 20 different internal and external sources of sustainability priorities relevant to our business. These include the ICMM 10 Principles and eight Position Statements, the GRI Mining and Metals Sector Supplement, the UN Global Compact 10 Principles, and matters important to our stakeholders.

Our materiality analysis includes a representation of material matters, showing our stakeholder priorities in relation to Gold Fields' priorities. Our material matters are also categorised as environmental, social, economic and governance-related matters.

During this cycle, our analysis emphasised material matters for stakeholders. We diversified our stakeholder engagements and broadened the number of interviews from different stakeholder groups. This enabled us to receive input from material stakeholders, including employees, host communities, governments, industry associations, media, third parties and traditional authorities.

In 2021, we focused on consolidating our materiality analysis over the three-year cycle, which included external validation of material matters to our business. This was complemented by inputs into our updated strategy, with key focus on ESG matters. We considered aligning our material matters to WGC Responsible Gold Mining Principles, seeing as we re-joined the council at the beginning of 2022. We continue to align with our enterprise risk management processes and Group ESG targets Our ESG priorities and 2030 targets, and ensured the standards, frameworks, guidelines and reporting landscape to which we subscribe or align supports our material matters.

Covid-19 remains a priority material matter. Our material matters for 2021 have not changed, although some shifted with increasing importance. Energy and carbon management; climate risk; tailings management; environment compliance; water stewardship; safety, health and wellbeing; labour practices; human capital: direct and indirect socioeconomic benefits; and stakeholder engagement and relationships are aligned with our Group ESG targets. Human rights remain material, but is represented as "cross-cutting" in the ESG-related material matters.

MATERIALITY ASSESSMENT

MATERIALITY ASSESSMENT Graph

MATERIAL TOPICS

  • Environment
  • Social
  • Economic and Governance