SUSTAINABILITY Sustainability overview

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.

  • Strategic responses - How we will achieve this
  • Reduce risk of safety, community and environmental stoppages through ESG initiatives
  • Continue to embed governance and compliance within the business
  • Continue investor engagement activities

  • Key stakeholders
  • Employees
  • Communities
  • Shareholders and investors
  • Governments and regulators

  • Related risks
  • Safety and health of our employees
  • Loss of social licence to operate/community acceptance
  • Water pollution, supply and cost

SUSTAINABLE DEVELOPMENT POLICY STATEMENT

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

 
  • Maintain security of supply
  • Stabilise energy costs
  • Drive renewables and lower carbon energy mix
  • Start managing climate change adaptation risk

Social acceptance

 
  • Build strong community and government relationships
  • Drive impact through shared value
  • Enhance stakeholder engagement and communications
     

Water stewardship

 
  • Achieve freshwater withdrawal and recycling/reuse targets
  • Achieve water security through catchment approach
     

Integrated mine closure

 
  • Business wide integrated approach
  • Liabilities optimised through progressive closure and rehabilitation
  • Address social closure
     

Integrated approach

 
  • Achieve collaboration across disciplines
  • Regional leadership
  • Integrated planning
     

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.

HSE Scorecards

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.