The 2016 DJSI benchmarking database, which was published this week, indicated that Gold Fields’ sustainability practices rank with the best of resource companies worldwide.
Gold Fields is ranked fifth in terms of all 44 mining companies on the DJSI and the third best global gold company.
Gold Fields has participated in the DJSI assessment, which is carried out by investment firm RobecoSAM on behalf of the DJSI, since 2000.
Launched in 1999, the DJSI ranks the performance of global sustainability leaders, through an annual assessment of the world’s 4,000 largest public companies. Among other factors, it measures management practices surrounding economic, environmental and social engagement approaches.
Gold Fields’ 83 per cent rating (2015: 80 per cent) is within six percentage points of the mining sector leader, US-based Newmont Mining.
“A strong performance in the DJSI is a milestone on our journey to leadership in sustainable gold mining, so our improved ranking shows that we are on the right track,” said Gold Fields CEO Nick Holland.
“Implementing sustainable business practices incorporates high standards of safety and health practices, sound environmental stewardship and pro-active community engagement, including shared value creation with communities,” Mr. Holland added.
Gold Fields Limited is an unhedged, globally diversified producer of gold with eight operating mines in Ghana, Australia, Peru and South Africa with attributable annual gold production of approximately 2.0 million ounces. It has attributable mineral reserves of around 46 million ounces and mineral resources of around 102 million ounces; attributable copper mineral reserves total 532 million pounds and mineral resources 5,912 million pounds.