SUSTAINABILITY Sustainability overview
Our approach to managing sustainable development, and consequently our license and reputation is guided by our sustainable development strategy, policy and framework. We share our approaches to various elements of this on our website https://www.goldfields.com/sustainability.php
The success of our business is dependent on our relationships with a number of key external and internal stakeholders that determine both our regulatory and social licences to operate as well as the reputation we have with these stakeholders. As such, protecting our reputation and our licences to operate remains a priority on our scorecard.
Our Sustainable Development Policy Statement was updated in 2017.
Gold Fields Limited seeks to operate in a manner that represents a platform for responsible and ethical investment. Our strategy is to integrate sustainable development principles into strategy, business planning, management systems and decision-making processes to maintain our licence to operate and leave a positive legacy. The results will be an appropriate balance of the company’s requirements to perform financially, to manage the environment responsibly and to ensure broad social benefit.
The sustainable development strategy supports Gold Fields’ overall business strategy and is designed to deliver reduced and stabilised costs, community acceptance, sustainable use of natural resources, managed asset liabilities as well as strengthen Gold Fields brand. The five key elements of the strategy are:
Our objectives | Priorities | |
Energy and climate change ![]() |
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Social acceptance ![]() |
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Water stewardship ![]() |
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Integrated mine closure ![]() |
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Integrated approach ![]() |
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To ensure our strategy is effectively implemented and monitored, we have a well-defined sustainable development framework. Our framework consists of four key pillars that are interconnected and operate together to ensure we manage sustainable development is a manner that protects our licence to operate and reputation.
In 2019, Gold Fields developed Health, Safety and Environment Scorecards or HSE Scorecards for implementation in 2020. The HSE scorecards are seen as an effective means of encouraging the right behaviours to improve performance over time.
The HSE Scorecard has variable leading indicators, which will be adjusted annually by the region or site to influence region or site-specific objectives, fixed leading indicators, set annually and fixed lagging indicators, set annually.
In 2020 Gold Fields aim to have substantial achievement in the HSE scorecard as part of 2020 Group Performance Scorecard and internal business processes.