SUSTAINABILITY Sustainability overview
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 for our six key priority areas, which we started implementing in 2022. You will find the detailed targets and update on our performance at: https://www.goldfields.com/gold-fields-2030-esg-targets.php.
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 Sustainable Development Policy Statement was updated in 2023.
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:
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.