Slide 1: Gold Fields 2030 ESG Targets
GOLD FIELDS 2030 ESG TARGETS Chris Griffith, CEO 1 December 2021
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: What We Plan to Discuss Today
WHAT WE PLAN TO DISCUSS TODAY • Where we operate • Our Purpose, Vision, Values and Strategy on a page • Our ESG Journey to date • The six key priorities in our ESG Charter and 2030 targets o Environment • Priority 1 – Decarbonisation • Priority 2 – Tailings Management • Priority 3 – Water Stewardshi
Slide 4: A Globally Diversified Gold Miner
A GLOBALLY DIVERSIFIED GOLD MINER Gold Fields Group Mines: 9 Projects: 1 Countries: 5 2020 att. production: 2.24Moz Listings: JSE, NYSE West Africa region Mines: Tarkwa, Damang, Asanko JV Americas region % Group production: 35% Mine: Cerro Corona (Peru) Project: Salares Norte (Chile) % Group product
Slide 5: Purpose, Vision, Values and Strategy on a Page
GQ Fiecos #ThislsGoldFields Where we want to go | To be the preferred gold mining company delivering sustainable, superior value Enablers + Zero harm (Safety, Health, Environment) : 2 Differentiators and Wellbeing + High performance, values-driven culture that is welcoming to all { Why we exist + Fi
Slide 6: Our ESG Journey to Date
OUR ESG JOURNEY TO DATE What We Have Done What We Will Do 1 COMPLIANCE Ensure investor ESG confidence & reputation protection 2 SUSTAINABILITY Protect licence to operate and strengthen ESG reputation 3 VALUE DELIVERY Creating enduring value beyond mining 2009 - 2013 2013 - 2020 2021 - 2030 • New vis
Slide 7: Environment
(3) ENVIRONMENT
Slide 8: Priority: Decarbonisation
PRIORITY 1 DECARBONISATION INITIATIVES • Integration into strategy, business planning processes and capital programmes • Capital investments • Increase investment in renewables/ decrease reliance on fuels 2030 • Operational efficiencies TARGET BUDGET TO 2030 50% absolute emission US$1.2bn, of which
Slide 9: Our Emission Reduction Journey Started in 2016
OUR EMISSION REDUCTION JOURNEY STARTED IN 2016 US$400m investment in completed energy projects by 2020 (GFL US$93m; PPA US$307m) = 10% absolute and 5% net Group emission reductions to date; 5% renewables in the Group energy mix in 2021 (2016: <1%) GRANNY SMITH AGNEW DAMANG & TARKWA • Installed 95MW
Slide 10: The Challenge: Emissions Growth by 2030
THE CHALLENGE: With a 2.8Moz annual production profile, emissions will increase by 35% by 2030 (to 2.4Mt CO2e) Gold Fields Group emissions Forecast production (koz Au/year) Australia South Africa kt CO2e (extrapolated scenario) and koz gold (attributable) 2,800 koz/year West Africa Americas +35% koz
Slide 11: A Net Reduction of 30% by 2030
A NET REDUCTION OF 30% BY 2030 Stretch opportunities to fill gap • South Deep, 100% green electricity: 306 kt is only possible with a series of stretch initiatives • Gruyere, 78% green electricity: 88 kt to offset the anticipated growth in emissions • Source clean power for Damang: 112 kt • Source c
Slide 12: Conceptual Pathway to Net Zero by 2050
CONCEPTUAL PATHWAY TO NET ZERO BY 2050 1.8 Target 100% Clean Electricity (~2/3rd of current Scope 1 + 2 emissions) • Target > 70% green • Target 100% green plus export opportunities • Leverage disruptive technologies, but not 1.6 required to achieve 100% • Wind, solar, battery • Green hydrogen or lo
Slide 13: Priority: Tailings Management
PRIORITY 2 TAILINGS MANAGEMENT INITIATIVES • GISTM compliance programme • Enhance critical controls and monitoring in support of GISTM compliance • Collaboration with peers on technology development and tailings minimisation • Shift to thickened (paste), dry stack (filtered tailings) and co- 2030 di
Slide 14: Our 2030 Aspirations – Even Safer TSFs
TAILINGS MANAGEMENT OUR 2030 ASPIRATIONS – EVEN SAFER TSFs Key TSF projects 2016 - 2030 4 tailings facilities added: • Tarkwa upstream to centreline (2022) • Cerro Corona (2026) + St Ives (2028) in-pit paste • St Ives (in-pit) to downstream (2024) • Tarkwa + Gruyere co-disposal (2025-2030) • Gruyere
Slide 15: Priority: Water Stewardship
PRIORITY 3 WATER STEWARDSHIP INITIATIVES • Group and regional water stewardship strategies • Regional water management plans • Pathways and opportunities to minimise group freshwater consumption levels 2030 • Technical solutions, such as tailings filters, new infrastructure, TARGET micro-filtration
Slide 16: Water Performance History and Targets
WATER PERFORMANCE HISTORY AND TARGETS The 2030 targets include the water requirements of new mines in the portfolio as part of our 2.8Moz illustrative gold production outlook to 2030 WATER - % RECYCLED/REUSED FRESHWATER WITHDRAWAL (2018 BASE) % GL AND FRESHWATER INTENSITY kL/oz 85 16 8 14.5 14.2 80
Slide 17: Social
SOCIAL 16
Slide 18: Priority: Safety, Health, Wellbeing & Environment
PRIORITY 4 SAFETY, HEALTH, WELLBEING & ENVIRONMENT INITIATIVES • Courageous Safety Leadership programme • Vital Behaviours programme • Critical control management • Innovation for Cleaner, 2030 • Safer Vehicles Trialling of Zero Emission Vehicles TARGET • • Collision avoidance technologies Wellbeing
Slide 19: Safety Historical Performance and Trends
SAFETY, HEALTH, WELLBEING & ENVIRONMENT HISTORICAL PERFORMANCE AND TRENDS KEY SAFETY TRENDS* SERIOUS ENVIRONMENTAL INCIDENTS (Level 3-5 incidents) 30 90 8 Severity rate: days lost to injuries per million hours worked 80 7 25 70 6 Number of Serious Incidents 20 60 5 50 15 4 40 10 30 3 20 2 5 10 1 0 2
Slide 20: Priority: Gender Diversity
PRIORITY 5 GENDER DIVERSITY INITIATIVES • Programmes to foster diversity in addition to gender • Gender recruitment bias • Unconscious bias training 2030 • Ethnicity and gender pay gap analysis TARGET • Improve representation across all elements of the 'people pipeline’ 30% of women representation 1
Slide 21: Diversity Performance and Initiatives
DIVERSITY PERFORMANCE AND INITIATIVES GENDER STATUS ACHIEVEMENTS TO DATE PRIORITIES 2016 2021 • Development of a Diversity & Inclusion • Focus on all aspects of inclusion and scorecard and dashboard diversity: Indigenous People, Disability, Women in the 15% 21% HDSA, Localisation, Youth workforce •
Slide 22: Priority: Stakeholder Value Creation
PRIORITY 6 STAKEHOLDER VALUE CREATION INITIATIVES • Host community procurement and job creation focus • Non-mining job creation • Flagship projects 2030 • Socio-economic development (SED) in education & training, TARGET healthcare, infrastructure and economic diversification 30% of total value creat
Slide 23: Deliver Value for All Stakeholders
DELIVER VALUE FOR ALL STAKEHOLDERS VALUE BREAKDOWN HOST COMMUNITY BENEFITS 2020 HOST COMMUNITY VALUE CREATION GOLD FIELDS’ 2020 Host community VALUE DISTRIBUTION employee wages 2018 Target 2030 US$123m SED Investment Total Value US$17m Distribution Host community US$2.71bn procurement spend US$536m
Slide 24: Governance
GOVERNANCE 23
Slide 25: Group Governance Priorities
GROUP GOVERNANCE PRIORITIES Sets governance tone and strategy and ensures alignment with the strategy Board Ethical Composition Business & Diversity Practices ETHICAL BUSINESS Code of Conduct dictates ethical decisions made across the business Stakeholder GOVERNANCE Anti-Bribery Rights & COMPLIANCE
Slide 26: Indices, Reporting and Standards
INDICES, REPORTING AND STANDARDS INDICES A-rating 3rd miner 3rd gold miner E1 S1 G1 6th gold miner (2021) (2021) (2021) (2021) (2021) FRAMEWORKS REPORTING STANDARDS 25
Slide 27: Gold Fields' 2030 ESG Targets
GOLD FIELDS’ 2030 ESG TARGETS 1 DECARBONISATION 2 TAILINGS MANAGEMENT 3 WATER STEWARDSHIP • 50% absolute emission and 30% • Compliance with the Global • 80% water recycled/reused net emission reductions from 2016 Industry Standard on Tailings • 45% reduction in freshwater use baseline (Scope 1 and 2
Slide 28: Questions
QUESTIONS —