SUPPLIERS Shared value creation

Shared value creation

Prioritising host community procurement and employment

Gold Fields is committed to prioritizing local procurement and employment and measuring our contribution to local economic development. In this regard:

  • Gold Fields measures operational-level local (i.e. in-country) and host community expenditure.
  • Through Gold Fields’ social and labour plan in South Africa, we are committed to numerous local economic development projects that develop local suppliers.
  • Gold Fields’ shared value projects in Australia, Chile, Ghana, Peru and South Africa are focused on developing host community suppliers and enterprise development.

 

Creating shared value

Gold Fields is committed to remaining at the forefront of sustainable procurement best practice.

To this end, Gold Fields’ supply chain teams endeavour to:

  • Embed Environmental, Social and Governance (ESG), and governance and compliance language and obligations in tender/contract documentation;
  • Harness the company’s collective purchasing power to achieve social outcomes beyond the products and services required by our operations, particularly in the host communities in which we operate;
  • Increase human rights due diligence efforts with respect to our supply chain; and
  • Where possible, maximise expenditure with host community businesses, and actively supporting their development. where possible, maximise expenditure with Host Community businesses, and actively supporting their development.