Gold Fields - Sustainability and Integrated Thinking SVEN LUNSCHE VP Corporate Affairs at Gold Fields UN World Data Forum, Cape Town, 18 January 2017

Transcription

1 Gold Fields - Sustainability and Integrated Thinking SVEN LUNSCHE VP Corporate Affairs at Gold Fields UN World Data Forum, Cape Town, 18 January 2017

2 Gold Fields Global presence FINLAND Arctic Platinum Established in ,000 employees Listed on JSE, NYSE PHILIPPINES Far Southeast Accra PERU Lima Cerro Corona GHANA Tarkwa Damang CHILE Salares Norte Mines Regional offices Corporate office Growth Projects Johannesburg SOUTH AFRICA South Deep Perth AUSTRALIA Agnew/Lawlers St Ives Darlot Granny Smith Gruyere 2

3 Sustainability and mining Sustainability is critical for the mining industry 1. High impact industry 2. In the public limelight and under fire from NGOs 3. Affecting multiple stakeholders communities, governments, businesses, shareholders, trade unions, employees 4. Significant environmental impact 5. Mining is often the only game in town 6. Managers have to deal with operational issues as well as regulatory and social licence to operate 3

4 Integrated thinking/reporting and mining Transparency and integrated thinking are linked 1. Transparency critical first line of defence 2. Amid heightened public scrutiny issues will be uncovered 3. Sustainability and Environmental Social Governance (ESG) issues are as critical to mining companies as financial and operational matters 4. Reliable ESG data critical in integrated thinking and longer-term sustainable decision making 5. Integrated reporting gives ESG issues equal status to operational issues 6. Integrated reporting reflects the integrated nature of our business 4

5 Gold Fields - Integrated reporting and sustainability frameworks Key milestones Integrated reporting and sustainability frameworks 2003 First Sustainability Report as part of AR 2008 Participation in CDP (A-List) 2009 King III launched 2010 First Integrated Annual Report (EY Excellence Ranking) 2010 First GRI submission (A+, Core) 2011 First WDP disclosure 2011 IIRC pilot company 2012 First DJSI submission (Top 5 in mining) 2013 First UNGC submission 2013 <IR> Framework launched 2016 King IV launched 5

6 Integrated thinking and reporting Links to <IR> Framework Consistent elements of our IARs 1. Introduction to the business: Vision & Values / Company DNA Operating environment Business strategy Value creation model trade-offs Performance dashboard 2. Governance Audit Committee oversight Reporting boundary and how it was determined 3. Nature/magnitude of trade-offs that influence value creation 4. Guided by capitals but not strict adherence 6

7 UN SDGs and mining Significant overlap between mining s sustainability work and UN SDGs 1. Alignment between ICMM s 10 principles for sustainable mining and SDGs 2. ICMM principles include pledges to protect biodiversity, respect human rights and contribute to the sustainable development of host communities and countries 3. Working with NGOs on sustainability issues WWF, IUCN, EITI 4. Closest alignment between SDGs and integrated thinking SDGs 12 and 17 7

8 Sustainability reporting Key challenges Key challenges to sustainability and integrated thinking/reporting 1. The silo-mindset by many corporate executives 2. Need to gradually develop reliable and consistent ESG data collection and evaluation 3. The need to assure ESG data 4. Content-development that shows the integrated nature of our business 5. Outcomes-based reporting (as opposed to outputs) such as socio-economic evaluation 6. Plethora of sustainability reporting frameworks leads to confusion and reporting fatigue 7. Streamline these frameworks under one umbrella IIRC or SDGs? 8