Slide 1: Gold Fields TCFD report and ESG overview
Gold Fields TCFD report and ESG overview NICK HOLLAND, CEO, GOLD FIELDS October 2019
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements in this document constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. In particular, the forward looking statements in this document include
Slide 3: Presentation Agenda
Presentation Agenda Section 1: ESG Integration ̵ ESG governance ̵ External codes and standards Section 2: Safety & Health Section 3: TCFD ̵ Climate Change ̵ Energy Solar panel at Gruyere borehole Section 4: Social ̵ Community relations and Shared Value ̵ Human Rights Section 5: Environment ̵ Water ̵
Slide 4: ESG Integration
Fievcps ESG Integration
Slide 5: Top Five ESG Sustainability Priorities until 2020
Top Five ESG Sustainability Priorities until 2020 Energy & Climate Change • Stabilise energy costs • Evaluating renewable energy opportunities • Develop risk based climate change mitigation and adaptation strategies Integrated Mine Closure • Ensure an integrated approach to mine closure management •
Slide 6: Gold Fields 2019 Balanced Scorecard
Gold Fields 2019 Balanced Scorecard 4 out of 12 performance targets are directly ESG related Gold Fields ESG‐focused Group Balanced Scorecard 2019 6
Slide 7: External Standards and Indices
External Standards and Indices Gold Fields ESG overview | October 2019 7
Slide 8: Safety and Health
Fievcps . @ oe ‘eo fe, a ee a aes a : Safety and Health
Slide 9: Gold Fields’ Safety Strategy
Gold Fields’ Safety Strategy If we cannot mine safely, we will not mine! SAFETY SAFETY SAFE SYSTEMS LEADERSHIP BEHAVIOUR ISO 45001 Courageous Stop & Fix Safety Critical Leadership Vital Control Management Behaviours Live the Standards, Values Training & Eliminating Investigations Fatalities & Show W
Slide 10: Safety Performance
Safety Performance Long‐term improvements in fatalities and recordable injuries 3.5 70 3.40 3.0 60 Frequency Rates Duration Rate 2.5 50 2.42 2.30 2.21 2.0 40 1.83 1.5 30 1.0 20 0.5 10 0.0 0 2015 2016 2017 2018 YTD 2019 Duration Rate (average days off per lost‐time injury) TRIFR 2015 2016 2017 2018 H
Slide 11: Health Management at Gold Fields
Health Management at Gold Fields If we cannot mine safely, we will not mine ● Manage both occupational and primary health at all our operations ● Silicosis claims settled in South Africa ● Key occupational disease rates at South Deep : H1 2019 2018 2017 2016 2015 Noise induced hearing loss (NIHL) 0.
Slide 12: Taskforce on Climate-related Financial Disclosures Report
Taskforce on Climate‐related Financial Disclosures Report Group climate change, energy and water performance
Slide 13: Gold Fields’ inaugural TCFD Report
Gold Fields’ inaugural TCFD Report Baseline report for future disclosures Gold Fields ESG overview | October 2019 13
Slide 14: What is the TCFD?
What is the TCFD? Climate‐related risks are now a mainstream financial risk ● Industry led, voluntary disclosure platform developed as a partnership between industry) and users (financial institutions, investors, stock exchanges) ● Objectives: ̵ to develop voluntary, consistent climate‐ related fina
Slide 15: Our climate change response - Strategy integration
Our climate change response ‐ Strategy integration Climate‐related risks are an immediate as well as a long term issue Policy (Board approved) Strategy (integrated) Risk management (systems) Indicators and targets (water and energy) TCFD Disclosure Gold Fields ESG overview | October 2019 15
Slide 16: Managing climate-related risks
Managing climate‐related risks Climate change affects our business Risks facing our operations: Business impacts: • Severe weather events affecting our operations • Emerging regulations, taxes, renewable incentives • Managing investor expectations to reduce emissions Climate change impacts at our op
Slide 17: Energy security for miners
Energy security for miners Energy and climate change challenges facing the global mining industry Availability of Reliability of Affordability of Addressing energy energy supply energy energy’s climate impacts Key trends: ● FY 2018: Gold Fields’ energy spend was 22% of Opex (15% of AISC), US$302m (H
Slide 18: Carbon emission performance
Carbon emission performance Tracking our carbon emissions and setting long‐term targets Responses: • Understand climate‐related risks • Develop and implement adaptation and mitigation measures • Invest in initiatives to reduce our climate change impact • Invest in initiatives to improve our resilien
Slide 19: Energy performance
Energy performance Renewable energy – to comprise 10% of energy mix at Gold Fields Australia in 2020 Group Energy Consumption Regional Energy Spend 2018 Gold Fields energy mix 2018 – 2020 Energy mix targeted change * Emergency Generators Gold Fields ESG overview | October 2019 19
Slide 20: Decarbonising our electricity supply
Decarbonising our electricity supply Rising energy demand and costs are key drivers Strategic initiatives: Key outcomes – as at mid‐2019: • Fuel switching (diesel to gas power) • >150MW gas engines/turbines installed • Assessing renewable energy options at mines and • >40MW solar under assessments,
Slide 21: Hybrid renewable energy project – Agnew
Hybrid renewable energy project – Agnew 1st major gold mine to be powered by gas, wind and solar with back‐up battery storage ● Optimised hybrid microgrid consisting of: ̵ 18MW through 5 wind turbines ̵ 4MW solar plant (10,000 panels) ̵ 13MW battery unit ̵ 16MW gas plant to underpin demand ̵ 25km ga
Slide 22: Climate change impact on water management
Climate change impact on water management South Africa, Australia and Peru considered water‐stressed countries by the WBCSD 1 1 Performance: Responses: • 2018 water withdrawal across Gold Fields: 21.20 • Group Water management guideline aligned to Gl (H1 2019: 7.67 Gl) ICMM water position statement
Slide 23: Community and Human Rights
Fievcps Community and Human Rights
Slide 24: Societal Acceptance
Societal Acceptance Gold Fields’ Social Performance Framework Build Relationships Share Value Manage Impacts Informed by baseline + impacts + risks improvement to align delivery with Measure delivery and action Community profile Community investment strategy & plan Social impact assessments Stakehol
Slide 25: Commitment to Generate Value in Host Communities
Commitment to Generate Value in Host Communities US$m Gold Fields’ total value creation 2018 Our host communities: 435,000 people (380,000 3000 147 2710 of which live in 28 developing and emerging 2535 economies) 2500 283 17852 Our host 9,259 host community jobs 2000 communities: with 435,000 multip
Slide 26: Human Rights
Human Rights 2018 Performance highlights Health & Workforce Safety • Code of Conduct e‐Learning 66% Breaches by employees completed Human suppliers/ Resources • 61 employee grievances, 60 contractors resolved Community • Two Level 3 environmental incidents ‐ successfully mitigated • Community reside
Slide 27: Closure and Tailings
Fievcps O5e eo @ ° e - a 2 A eo 74. 44 05 .&oc . Closure and Tailings
Slide 28: Integrated Mine Closure Planning
Integrated Mine Closure Planning We seek to responsibly manage mine closure and optimise our mine closure liabilities through integrated mine closure planning and progressive rehabilitation Mine Closure Plans for all operations are up‐to‐date and aligned with ICMM Guidance Closure Cost Estimates upd
Slide 29: Management of Tailings Storage Facilities
Management of Tailings Storage Facilities Major review of TSFs following high‐profile failures in the industry 1. Post‐BHP/Vale Samarco TSF Failure in Brazil 2016 ICMM Position Statement incorporated into Gold Fields’ Group TSF Guidelines Minimum TSF design requirement established. Implemented A
Slide 30: Management of Tailings Storage Facilities
Management of Tailings Storage Facilities Gold Fields Latest TSF Statistics 3. Overview of Gold Fields’ TSFs – as at 30 September 2019 • Gold Fields’ operations (incl. JVs) contain 34 tailings facilities ‐ 14: active ‐ 4: being re‐mined for use as underground back‐fill ‐ 7: inactive/care and mainten
Slide 31: Recognition
Recognition
Slide 32: Recognition of our achievements
Recognition of our achievements 2019: 4th / 61 mining Top 30 Responsible companies Investment Index 2019: Mining and Resources 2019: 2nd / 57 precious sector award (4th year metals companies running) 2019: “Excellence” in 2018: BBB rating Integrated Reporting Awards 2019: E 1, S 1, G 1 2018: CDP A‐,
Slide 33: Thank you
Thank you QUESTIONS AND ANSWERS Download this QR code from your smartphone to gain quick access to our website