Our ESG Charter and 2030 ESG targets

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:

  • The urgent need to mitigate our operations' impact on the environment and the communities around them, including focusing on climate change, tailings management, water stewardship, nature and integrated mine closure
  • Issues of broader societal responsibility, including ensuring the safety, health and wellbeing of our people, a diverse workforce, and addressing the needs and expectations of our stakeholders – particularly our host communities
  • The importance of entrenching and strengthening sound governance across the Company

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.

Our ESG priorities, 2030 targets and 2022 performance

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