Sustainability has long been part of Gold Fields' way of doing business, and ESG is integrated into the operational management of our mines and projects. Over the past few years, ESG has become increasingly critical to our stakeholders. In response to this, we pivoted from a functional approach to one that is strategic and makes a leading commitment to ESG.
The Company's long-term success depends on successful management of ESG. In December 2021, we took a significant step by committing to a range of 2030 ESG targets, which we started implementing last year.
To create enduring value beyond mining, as our purpose statement compels us, we must address the following:
Our stakeholders – including employees, communities, governments, investors and civil society – increasingly demand we pay greater attention to ESG. Furthermore, these stakeholders require that we transparently disclose the impact of ESG, have mitigation measures in place and integrate ESG into our business strategy.
Priority | Category | 2030 targets | 2022 performance |
Comment | More detail |
Safety, health, wellbeing and the environment | Fatalities | 0 | 1 | Read more in the safety section | Building a safe and respectful workplace |
Serious injuries | 0 | 5 | |||
Serious environmental incidents | 0 | 0 | Fourth consecutive year of zero serious environmental incidents | ||
Gender diversity | Female representation | 30% of total workforce | 23% | On track to meet 2030 target | People programmes for strategic delivery |
Stakeholder value creation | Total value creation for host communities | 30% of total value creation | 27% | On track to meet 2030 target | |
New legacy programmes for host communities | 6 | 0 | On track to meet 2030 target | Stakeholder overview | |
Decarbonisation | Reduce absolute emissions from 2016 baseline (Scope 1 and 2) | 50% | (18)% | Achieved through energy efficiency initiatives and renewable energy projects as two major projects were commissioned in 2022 | Energy and carbon management |
Reduce net emissions from 2016 baseline (Scope 1 and 2) | 30% | +1% | Increased net emissions in 2022. The impact of the new renewable projects will be felt in 2023 | ||
Tailings management | Global Industry Standard on Tailings Management | Conform by 2025 | On track | Priority facilities to comply by August 2023, the remainder by 2025 | Tailings management |
Reduce the number of active upstream-raised TSFs | 3 | 5 | Working towards transition of Tarkwa TSFs 1 and 2 from upstream to downstream-raised facilities by end-2024 | ||
Water stewardship | Water recycled or reused | 80% of total water used | 75% of total water used | On track to meet 2030 targets | Water management |
Reduce freshwater use from 2018 baseline | 45% | 41% | |||
Underpinned by a strong commitment to sound corporate governance, compliance and ethics | Chairperson's report |