Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic
• Corporate Governance
• Environmental
• Social

Environmental Achievements

• All sites operating the ISO 14001 environmental management system had their system re-certified in terms of the new ISO 140001: 2004 standard.
• Driefontein mine halved its per unit water consumption from six tons of water per ton of rock mined to approximately three.
• Novel approaches to gold recovery from existing waste streams yielding additional gold recovery to the value of R250,000 for F2006.

Social Achievements

• Successful implementation of Adult Basic Education and Training (ABET) program for 1,480 employees.
• R18.3 million budgeted and R18.6 million spent on skills development, bursaries, learnerships, and scholarships.
• Implementation of mentorship programs with 99 mentors and protégés trained and matched.
• Significant progress in promoting workplace diversity, particularly in South African operations.
• Establishment of the Gold Fields Business and Leadership Academy.

Governance Achievements

• Broadened the formal terms of reference of the board’s Health, Safety and Environment committee to include Community.
• Adopted the AA 1000 Stakeholder Engagement Standard.
• Reconstituted several board committees (Nominating and Governance, Audit, Compensation, Safety, Health, Environment and Community).

Climate Goals & Targets

Environmental Challenges

• Shortcomings in stakeholder engagement formalization and integration.
• High staff turnover in Australia (30% at St Ives, 60-70% for contractors).
• High HIV/AIDS prevalence (30%) and TB incidence in South African operations.
• Malaria prevalence in Ghanaian operations.
• Recreational drug use in Australian operations.
• Sinkhole formation on the West Rand (South Africa).
• Presence of artisanal miners in Ghana.
• Volatility of gold price and exchange rates.
• Rising labour costs and commodity input costs.
• Uncertainty in ore reserve estimates.
• Evolving environmental regulations and community expectations.

Mitigation Strategies

• Adopted AA 1000 Stakeholder Engagement Standard and developed procedures to meet the standard.
• Initiatives to enhance staff development and non-remuneration benefits to improve staff retention in Australia.
• Comprehensive HIV/AIDS and TB management programs in South Africa.
• Behaviour-based malaria prevention measures in Ghana (mosquito nets, targeted spraying, education).
• Evaluation of Eyecheck equipment for drug testing in Australia.
• Far West Rand Dolomitic Water Association (FWRDA) to manage sinkhole risk.
• Partnership with DFID to address the negative impacts of small-scale mining in Ghana.
• Project 500 (Project 400 for revenue generation and Project 100 for cost savings).
• Improved strategic sourcing and supplier alliances to reduce supply chain costs.
• World-class geological and resource management capacity to manage ore reserve estimation risks.
• Adequate resourcing of environmental and community engagement structures.
• ISO 14001: 2004 certified environmental management system.

Supply Chain Management

Responsible Procurement

• Code of conduct
• Supplier sustainability requirements
• Third-party audits
• Security investigations to prevent fronting

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI 2002 guidelines

Certifications: ISO 14001: 2004, OSHAS 18001 (South African operations), AS/NZ 4801: 2001 (Australian operations), ISO 9001:2000

Awards & Recognition

• Most Environmentally Committed Company Award for 2005 (Damang, Ghana)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced Level 2 environmental incidents from 134 in 2010 to 51 in 2011; no Level 4 or 5 incidents.
• Recycled 16,264 tonnes of metal, 215 tonnes of plastic, 4,180 tonnes of timber, 2,794 tonnes of paper and cartons, and 185,989 tonnes of other materials.
• Rehabilitated 3 ha of land at Agnew operation and 24 ha at Tarkwa operation.

Social Achievements

• Implemented a new Business Languages Policy in South Africa to phase out Fanakalo language.
• Achieved 46% HDSA procurement rate across all categories in South Africa.
• Maintained a 61% five-year retention rate on HAART program for HIV/AIDS and TB.

Governance Achievements

• Revised the Group Code of Ethics to align with King III Report on Corporate Governance and international best practices.
• No legal actions for anti-competitive behavior, antitrust, and monopoly practices; no significant fines or non-monetary sanctions for non-compliance with laws and regulations.

Climate Goals & Targets

Environmental Challenges

• Potential Acid Mine Drainage (AMD) risks in South Africa.
• High base and overhead costs in Living Gold rose farm.
• Strong competition in the export rose market.

Mitigation Strategies

• Implementing Liquid Gold project to mitigate AMD risks and create a sustainable revenue stream.
• Implementing a turnaround strategy for Living Gold rose farm, including diversification of production and improved production techniques.
• Focusing on improved quality and lower volumes of roses to avoid oversupply and target higher value sales to local markets.

Supply Chain Management

Responsible Procurement

• Human rights components included in supplier selection audits
• Suppliers required to meet Gold Fields human rights standards

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001, OHSAS 18001

Third-party Assurance: KPMG

Awards & Recognition

• 4th highest position on 2011 Dow Jones Sustainability Index
• 2011 Global Business Coalition Health Award (Ghana)

Environmental Metrics

ESG Focus Areas

• Safety
• Environmental Stewardship
• Community Relations
• Ethical Business Practices
• Employee Well-being

Environmental Achievements

• Reduced environmental incidents (Level 3) from six in 2012 to three in 2013.
• Implemented energy-efficiency initiatives resulting in US$8 million in savings in 2013.
• Finalized a 10-year power purchase agreement with BHP Nickel-West to guarantee power supply for St Ives mine.

Social Achievements

• Reduced fatalities from 16 in 2012 to 2 in 2013 (excluding Sibanye Gold).
• Reached a two-year wage agreement with unions in South Africa.
• Implemented a new operating model at South Deep, improving productivity and aligning rewards with performance.
• Invested approximately US$16 million in employee training and skills development.

Governance Achievements

• Reduced the number of directors from 12 to 9.
• Amended the Memorandum of Incorporation to align with King III recommendations.
• Achieved GRI A+ compliance for the 2012 Integrated Annual Review.

Climate Goals & Targets

Environmental Challenges

• Two fatalities occurred in 2013 at South Deep and Cerro Corona mines.
• Production at South Deep was behind plan due to underground ore-handling constraints and skills shortages.
• Illegal strikes and go-slow actions at Damang and Tarkwa mines impacted production.
• Falling gold price and rising input costs.
• Resource nationalism and fiscal/regulatory uncertainty in some operating regions.

Mitigation Strategies

• Implemented measures to minimize the risk of future accidents (e.g., remote drilling, improved contractor safety inductions).
• Restated South Deep's production targets and implemented a comprehensive intervention plan to address bottlenecks.
• Implemented a recovery plan at Damang to optimize costs and production.
• Restructured operations to focus on sustainable cash generation and cost reduction.
• Engaged with host governments and communities to address resource nationalism concerns.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Prioritising local procurement, particularly from host communities.
• Supporting local skills training and enterprise development.

Climate-Related Risks & Opportunities

Physical Risks

• Heavy rainfall impacting water management.

Transition Risks

• Carbon taxation in various jurisdictions.

Opportunities

• Reducing energy consumption and carbon emissions.

Reporting Standards

Frameworks Used: GRI G3.1 (A+), ICMM Sustainable Development Framework, UN Global Compact

Certifications: ISO 14001 (7 of 8 operations), OHSAS 18001 (all operations)

Third-party Assurance: KPMG

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Fifth place in 2013 Dow Jones Sustainability Index
• Joint first in JSE Top 100 Carbon Disclosure Leadership Index
• John T. Ryan Trophy for safety in Peru

Environmental Metrics

ESG Focus Areas

• Safety and Health
• Water Management
• Environmental Management
• Compliance
• Workforce
• Social License to Operate
• Community Value Distribution
• Government Relations
• Total Value Distribution
• Employee Development
• Human Rights
• Industrial Relations
• Energy and Carbon Management
• General Grievance Mechanisms
• Biodiversity
• Supply Chain Management
• Materials
• Equal Remuneration
• Human Rights Due Diligence on Investments
• Resettlement
• Market Regulation
• Child/Forced Labour and Freedom of Association
• Product Impact

Environmental Achievements

• Reduced CO2 emissions by 4% against business plans.
• Reduced water consumption to 30,321Mℓ (2015: 35,247Mℓ), though this was partly due to a change in water usage definitions.
• Commissioning of gas-powered power generation technologies at Granny Smith, Tarkwa and Damang.
• Improved safety performance with a 33% improvement in the Total Recordable Injury Frequency Rate (TRIFR).

Social Achievements

• Invested US$16.2m in socio-economic development (SED) investment.
• 48% of workforce sourced from host communities.
• Host community procurement at 38% of total procurement spend.
• Improved safety performance with a 33% improvement in the Total Recordable Injury Frequency Rate (TRIFR).

Governance Achievements

• Revised Code of Conduct rolled out.
• Five new directors joined the board.
• Improved safety performance with a 33% improvement in the Total Recordable Injury Frequency Rate (TRIFR).

Climate Goals & Targets

Environmental Challenges

• South Deep's failure to deliver operational plans.
• Commodity price and currency volatility.
• Replacing Mineral Resources and Mineral Reserves at international operations.
• Regulatory uncertainty in South Africa.
• Loss of social licence to operate.
• Water supply, cost and pollution.
• Safety and health of employees.
• Impact of Cooke 4 closure on South Deep.
• Improving portfolio of assets.
• Retention of skilled staff.

Mitigation Strategies

• Implemented various strategies to address challenges at South Deep (training, mine design, fleet renewal, rebase plan).
• Prioritised cash-flow over production volumes, setting targets for a 15% free cash-flow margin.
• Eliminated marginal mining and sold non-strategic assets.
• Developed alternative sourcing strategies.
• Implemented various community engagement strategies.
• Implemented behaviour-based safety programmes.
• Invested in brownfields exploration and project development.
• Developed a Group-wide Technology and Innovation strategy.

Supply Chain Management

Supplier Audits: Monthly screening of suppliers.

Responsible Procurement

• Host community procurement initiatives.
• Focus on in-country procurement.

Climate-Related Risks & Opportunities

Physical Risks

• Intense storms
• Water availability constraints
• Increased flooding events
• Higher temperatures
• Increased variability and intensity of rainfall

Transition Risks

• Legislative changes imposing restrictions on water use and punitively limiting emissions

Opportunities

• Development of energy-efficient products and processes
• Investment in renewable energy

Reporting Standards

Frameworks Used: GRI G4 Guidelines, International Integrated Reporting Council Framework, UN Global Compact, ICMM Sustainable Development Framework

Certifications: ISO 14001, OHSAS 18001, International Cyanide Management Code (ICMC)

Third-party Assurance: KPMG

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Safety
• Health
• Environmental Stewardship
• Social Licence to Operate
• Community Relations
• Shared Value
• Governance
• Compliance

Environmental Achievements

• Reduced CO2 emissions marginally to 1.959m tonnes from 1.964m tonnes in 2016
• Successfully extended Cerro Corona’s life to 2030 through work on the tailings facility and the future use of in-pit tailings.
• Completed internal and external reviews of all 26 tailings facilities at our mines and projects
• No Level 4 or 5 environmental incidents for well over seven years
• Reduced landfill waste by 5% to 11Mt

Social Achievements

• Invested US$17m in SED funding to benefit host communities
• 40% of our total workforce is sourced from host communities
• 45% of our goods and services from host community enterprises
• Created and preserved around 1,850 direct and indirect jobs at Damang
• Improved Total Recordable Injury Frequency Rate (TRIFR) by 42% between 2013 and 2017

Governance Achievements

• Implemented its revised Code of Conduct
• Achieved material compliance with King IV Code on Corporate Governance
• Approved a new diversity policy for its workforce

Climate Goals & Targets

Environmental Challenges

• Sustained and significantly lower gold price and currency exchange rate volatility
• South Deep mine underperformance
• Loss of social licence to operate and community acceptance
• Water pollution, supply and cost
• Safety and health of employees
• Attraction and retention of skills
• Cost of energy and security of power supply
• Impacts of global climate change
• Cyber crime/loss of ICT data
• Group litigation
• Wage agreement in South Africa and Ghana
• Political uncertainty in South Africa

Mitigation Strategies

• Updated metal price forecasts, business plans, portfolio optimisation, hedging, business restructuring, technology strategies
• Organisational transformation initiatives, skills development programmes, compliance to mine design, improved fleet performance
• Growth opportunities in stable mining destinations, community relations structures, stakeholder engagement, community investment, Shared Value projects
• Compliance with environmental regulations, ISO14001 certification, water management plans, water recycle, reuse and conservation
• Unrelenting focus on safety, behaviour-based safety, visible-felt leadership, ICMM Critical Control Management
• Fit-for-purpose regional/mine structures, high-performance culture, succession planning, talent review systems
• Five-year energy and carbon plans, renewable energy options, Genser gas power plants, South Deep solar PV project, oil price hedges
• Climate change vulnerability risk assessments, aligning financial and operational climate change disclosure, evaluating renewable energy options
• Cyber intelligence programme, cyber security maturity assessment, cyber security specialist, ISO 27001 security standard, penetration testing
• Legal and engagement strategies, Occupational Lung Disease Working Group, potential liability booked
• Early preparation for wage negotiations, communication of macroeconomic environment, contingency plans for strike action, conversion to contractor mining
• Geographic derisking, improved engagement strategies with governments and regulators, lobbying

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Host community procurement and employment plans
• Code of Conduct for suppliers and contractors

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Water shortages
• Heat stress

Transition Risks

• Climate-related regulations
• Carbon emissions taxes
• Stringent water regulations

Opportunities

• Renewable energy
• Energy efficiency
• Water use optimization

Reporting Standards

Frameworks Used: GRI Standards, International Integrated Reporting Council Framework, King IV Code on Corporate Governance, ICMM Sustainable Development Framework, UN Global Compact

Certifications: ISO 14001, OHSAS 18001, ICMC

Third-party Assurance: ERM

UN Sustainable Development Goals

• Good Health and Wellbeing
• Quality Education
• Clean Water and Sanitation
• Affordable and Clean Energy
• Decent Work and Economic Growth
• Industry, Innovation and Infrastructure
• Responsible Consumption and Production
• Climate Action
• Life on Land
• Partnerships for the Goals

Gold Fields seeks to contribute to these goals through its sustainable development initiatives.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Consistently ranked among the top five mining companies on the Dow Jones Sustainability Index

Environmental Metrics

ESG Focus Areas

• Safety
• Cash generation
• Sustainably growing the business
• Environmental stewardship
• Mine closure

Environmental Achievements

• Reduced CO2 emissions to 1.85m tonnes (2017: 1.96m tonnes)
• Recycled or reused 66% of total water use (2017: 57%)
• Reduced landfill waste by 19% to 9Mt

Social Achievements

• Host community members accounted for 56% of our total workforce (employees and contractors)
• Spent US$26m in socio-economic development investment
• Reached a settlement with attorneys representing ex-mineworkers suffering from silicosis and TB, contributing US$32m

Governance Achievements

• Board approved a diversity policy and revised human rights, stakeholder engagement, environmental and occupational health and safety policy statements
• Implemented ICMM critical control guidelines on safety, health and environmental stewardship and stakeholder management

Climate Goals & Targets

Environmental Challenges

• Sustained lower gold price and currency exchange rate volatility
• Resource nationalism
• Non-delivery of Damang Reinvestment and Gruyere projects
• Replacing Resources and Reserves at international operations
• South Deep underperformance and restructuring
• Conflicts between mines and communities
• Increased geotechnical risks
• Water pollution, supply and cost
• Tailings dam failure
• Attraction and retention of skills
• Cost of energy and security of power supply
• High debt levels
• Political uncertainty
• Cybercrime/Loss of ICT data
• Fraud and breach of the Code of Conduct
• Impact on social licence to operate
• Failure to implement climate adaptation measures
• Failure to modernise operations
• Ezulwini re-watering impact on South Deep

Mitigation Strategies

• Business plans implemented and monitored through regular cost, capital and production reviews
• Ongoing portfolio optimisation to ensure cash generation
• Gold and copper production hedging
• Business restructuring and technology strategies
• Enhanced stakeholder engagement
• Shared Value projects
• Comprehensive near-mine exploration programmes
• Mergers and acquisitions strategy
• Establishment of the Group Safety Leadership forum
• Courageous Safety Leadership programme
• Behaviour-based safety programmes
• All operations certified to OHSAS 18001 standard
• Implementation of the integrated energy and carbon management strategy
• Solar microgrid system advanced at Granny Smith
• Review of South Deep solar photovoltaic project
• Oil price hedges
• Geographic de-risking
• South Deep’s new 2018-2022 Social and Labour Plan
• Water management plans expanded
• Water recycle, reuse and conservation practices
• Gold Fields’ tailings storage facilities aligned with ICMM position statement
• Accelerated dam break assessments
• Fit-for-purpose regional and mine human resource structures
• HR strategy focused on developing a high-performance culture
• Succession planning and talent review systems
• Extensions for maturity dates on revolving credit facilities
• Regular engagements with credit rating agencies and financial institutions
• Cash generation from operations to pay down debt
• New bond offering under review
• Comprehensive climate change risk assessment
• Alignment of financial and operational disclosures to the TCFD
• Evaluating 20% renewable energy options for new project in Chile
• Planned maintenance and monitoring programme of reinforced concrete water plugs between South Deep and Ezulwini

Supply Chain Management

Supplier Audits: 100% of all new and existing suppliers and contractors screened for pre-defined risks

Responsible Procurement

• Code of Conduct
• Supplier sustainability requirements
• Focus on host community procurement

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Flooding
• Water shortages
• Increased cooling costs
• Heat stress

Transition Risks

• Climate change-related regulations
• Carbon taxes
• Renewable energy targets

Opportunities

• Development of energy-efficient products
• Increased use of renewable energy

Reporting Standards

Frameworks Used: GRI Standards: core option, International Integrated Reporting Council Framework, King IV Code on Corporate Governance, ICMM Sustainable Development Framework, Principles, Position Statements and Reporting Requirements, UN Global Compact

Certifications: ISO 14001, OHSAS 18001, ISO 50001 (Cerro Corona)

Third-party Assurance: ERM

UN Sustainable Development Goals

• Good Health and Wellbeing
• Quality Education
• Clean Water and Sanitation
• Affordable and Clean Energy
• Decent Work and Economic Growth
• Industry, Innovation and Infrastructure
• Sustainable Cities and Communities
• Responsible Consumption and Production
• Climate Action
• Life on Land
• Partnerships for the Goals

Gold Fields' initiatives contribute to these goals through various ESG programs and investments.

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced energy consumption by 405 TJ in 2019
• Reduced GHG emissions by 144 ktCO2e in 2019
• 68% of water recycled/reused in 2019

Social Achievements

• 2525 Host Community jobs created in 2019
• Improved safety performance with reduced Total Recordable Injury Frequency Rate (TRIFR)

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Water stress in operating regions (75% of operations in water-stressed areas)
• Managing GHG emissions across the value chain

Mitigation Strategies

• Implementing energy efficiency initiatives
• Water recycling and reuse programs
• Investing in biodiversity conservation

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Host community procurement expenditure reported by region.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, SASB

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Safety
• Environmental
• Social
• Governance
• Economic Performance
• Production
• Growth

Environmental Achievements

• Reduced freshwater consumption by more than 85%, decreasing freshwater withdrawal from a reduction target of 3% to 2.5% per person.
• Kept our environmental management system certified to ISO 14001.
• No serious environmental incidents inside or outside the operation were recorded.

Social Achievements

• Enhanced employment and local procurement: 27% of Gold Fields in Peru workforce and contractors are host community members. 15% of total procurement spend is from local businesses.
• Addressed and resolved 100% of grievances arising in 2019 and 95% of grievances received in 2020.
• Increased reporting of near-miss accidents in the operation, enabling to prevent events that may cause a fatality.

Governance Achievements

• Kept our safety and occupational health management system certified to ISO 45001.
• Maintained ISO 14001 certification for the Environmental Management System.
• Maintained ISO 50001 certification for the Energy Management System.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and its impact on operations, including workforce availability and restrictions.
• Challenges relating to recovery, hardness and sectors with other unwanted components in mining.
• Challenges in exploration projects in the country’s south due to excessive permits.

Mitigation Strategies

• $5.8 million investment to build camps and dining rooms for social distancing and implement molecular sampling system for COVID-19.
• Implementation of internal protocols to minimize COVID-19 risks.
• Delaying mining of sterile material to focus on ore mining and recover mining stocks.

Supply Chain Management

Responsible Procurement

• Local procurement exceeding 14% of total spend.
• Incorporation of water management clauses in major contracts with main suppliers.

Climate-Related Risks & Opportunities

Physical Risks

• Water shortage
• Natural disasters (landslides, El Niño)

Reporting Standards

Frameworks Used: GRI, ICMM Principles

Certifications: ISO 14001, ISO 45001, ISO 50001

Awards & Recognition

• Socially Responsible Company (ESR) by the 2021 Peruvian Association
• Aequales’ ranking for gender equality
• Recertification of the Association of Good Employers (ABE)
• Two honorable mentions in the Prize of Equality

Environmental Metrics

ESG Focus Areas

• National, regional and local economic contribution
• Responsible supply chain
• Operational performance and reputation
• Direct and indirect employment creation
• Talent management and employee value proposition
• Safety, health and care for people
• Engagement, dialogue and contribution to the community
• Diversity, inclusion and human rights
• Environmental management and compliance

Environmental Achievements

• Maintained ISO 50001 certification for energy management system
• Increased reused water by 84% compared to annual plan target
• Reduced freshwater withdrawal by 7%
• Recycled 855 tons of metals, 150 tons of plastics, and 76 tons of paper and cardboard in 2021

Social Achievements

• Increased female employment rate to 25.4%
• Launched Female Mining Protagonists program
• Invested over US$277,000 in community health initiatives (COVID-19 response)
• Monthly average of 776 community residents employed (Gold Fields and contractors)
• Contracted with over 166 community businesses
• Local purchases accounted for 17% of total purchases (US$32 million)

Governance Achievements

• Completed two administrative proceedings with OEFA and OSINERGMIN without significant penalties
• Maintained transparent engagement with authorities despite challenges

Climate Goals & Targets

Environmental Challenges

• Regulatory compliance difficulties due to health emergency and political situation
• Maintaining transparent engagement with new authorities
• Cost effectiveness in procurement
• Improving reputational positioning

Mitigation Strategies

• Close coordination with regional authorities
• Ongoing negotiation with Gold Fields trade union
• Implementing actions to optimize mining processes
• Strengthening engagement with local government entities

Supply Chain Management

Responsible Procurement

• Global supply chain policy
• Information for Suppliers and Contractors
• Code of Conduct for Suppliers and Contractors
• Supplier Improvement Plan

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, UN Sustainable Development Goals, ICMM Sustainable Development Framework, UN Global Compact

Certifications: ISO 14001, ISO 45001, ISO 50001

UN Sustainable Development Goals

• SDG 1
• SDG 2
• SDG 4
• SDG 5
• SDG 6
• SDG 7
• SDG 8
• SDG 9
• SDG 10
• SDG 12
• SDG 13
• SDG 15
• SDG 16
• SDG 17

Initiatives aligned with various SDGs as detailed in the report

Awards & Recognition

• Socially Responsible Company Distinction (9th consecutive year)
• First place in Diversity and Inclusion category (Perú Sostenible)
• Safety Shield Award 2020 (Gold Fields Ltd.)
• Good Labour Practices Award 2020

Environmental Metrics

ESG Focus Areas

• Decarbonisation
• Tailings management
• Water stewardship
• Safety, health, wellbeing and the environment
• Social and regulatory licence to operate

Environmental Achievements

• Construction and seeding of Gruyere’s first rehabilitation trial areas to test closure prescriptions in the revised mine closure plan were undertaken.
• Reduced water abstraction at Gruyere due to increased water recycling.
• Commissioning of a 12MW solar facility at Gruyere.
• Construction and commissioning of a 50MW solar PV power generation plant at South Deep.
• Recycle/reuse 75% of Group water use.
• 37% reduction in freshwater use from the 2018 baseline.

Social Achievements

• Implementation of the Innovate Reconciliation Action Plan (RAP) at Gruyere.
• Annual reporting of compliance with Social and Labour Plan (SLP) and Broad-Based Socio-economic Empowerment Charter commitments at South Deep.
• Implementation of the Siyaphambili Productivity Intervention (Siyaphambili 2.0) at South Deep.
• Fatality-free year at South Deep.

Governance Achievements

• Internal review of all material projects in 2022.
• Third-party reviews to provide independent assurance regarding Mineral Resources and Mineral Reserves estimates and compliance with reporting codes.
• External review of Salares Norte and Cerro Corona by Snowden Optiro.

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic impact on operations.
• Global inflationary pressures.
• Political instability.
• Seismicity at South Deep.
• Power supply constraints in South Africa.
• Potential acid mine drainage (AMD) at South Deep and Cerro Corona.
• Construction delays at Salares Norte due to Covid-19 and weather.
• Heavy rainfall and geotechnical issues at Cerro Corona.
• Observed geological complexity and poor model reconciliation at Asanko.

Mitigation Strategies

• Management Response Plan for Covid-19 at South Deep.
• Improved operating efficiencies and additional fleet deployment at South Deep.
• Construction of a 50MW solar plant at South Deep.
• Implementation of dynamic support systems and other enhancements at South Deep to manage seismicity.
• Accelerated mining and stockpiling at Cerro Corona.
• Extensive pit dewatering and surface water management plan at Cerro Corona.
• Redesign of east wall at Cerro Corona.
• Resource and mine definition drilling at South Deep to improve ore body confidence.
• Implementation of a compliance programme at Salares Norte in response to sanction proceedings.
• Ongoing technical studies to address potential AMD at Cerro Corona.
• Additional drilling and updated geological models at Asanko.

Supply Chain Management

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather conditions at Salares Norte.

Transition Risks

• Not disclosed

Opportunities

• Development of renewable energy projects.

Reporting Standards

Frameworks Used: SAMREC Code (2016), JORC Code (2012), NI 43-101, SK-1300

Certifications: ISO 14001, ISO 45001, ISO 50001, International Cyanide Management Code

Third-party Assurance: Snowden Optiro

UN Sustainable Development Goals

• Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Safety, health and wellbeing
• Gender diversity
• Stakeholder value creation
• Decarbonisation
• Tailings management
• Water stewardship

Environmental Achievements

• Reduced Group Scope 1 and 2 carbon emissions by 5% from 2022
• Recycled/reused 74% of water withdrawn
• Reduced freshwater withdrawal by 39% against a 2018 baseline
• Achieved an A score in the CDP’s Water Disclosure Project
• Zero Level 3-5 environmental incidents for the fifth consecutive year

Social Achievements

• Increased female representation to 25% of employees (2022: 23%)
• Distributed US$3.8bn in value to national economies, with US$1bn (33%) shared with host communities
• Created over 10,591 host community jobs in the mine value chain
• Spent 37% (US$941m) of total procurement costs with host community enterprises

Governance Achievements

• Successfully refinanced US$1.2bn revolving credit facility and A$500m Australian syndicated credit facility with sustainability-linked KPIs
• Improved minimum wage ratio

Climate Goals & Targets

Environmental Challenges

• Two fatalities and six serious injuries at mines in 2023
• Concerning levels of harassment, bullying, and discrimination revealed by an independent workplace culture review
• Delays to Salares Norte project completion and ramp-up
• Rising mining costs and inflation
• Skills shortages
• Political risk and resource nationalism
• Illegal mining incursions
• Water security challenges

Mitigation Strategies

• Initiated an independent review of Group safety culture, processes, systems, and practices
• Implementing recommendations from EB&Co’s workplace culture review
• Appointed additional contractor support and a Group-level Commissioning Manager for Salares Norte
• Implemented business, productivity, and cost improvement programmes
• Focused on developing a high-performance culture and attracting and retaining talent
• Strengthened government engagement through annually updated government action plans
• Implemented measures to address illegal mining, including community engagement and security patrols
• Developed and integrated three-year regional water management plans

Supply Chain Management

Responsible Procurement

• Supplier Code of Business Conduct
• Host Community Procurement Strategy
• Improved payment times for SMEs

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Renewable energy investments
• Energy efficiency improvements

Reporting Standards

Frameworks Used: Integrated Reporting Framework, GRI Universal Standards, ICMM’s Sustainable Development Framework, Mining Principles, Performance Expectations and Position Statements, Companies Act No 71 of 2008, JSE Limited Listings Requirements, New York Stock Exchange Listings Requirements, US Securities and Exchange Commission, King IV Report on Corporate Governance for South Africa 2016

Certifications: ISO 14001, ISO 27001 (excluding Chile)

Third-party Assurance: PwC Inc.

Awards & Recognition

• First in Sunday Times Top 100 Companies awards