Gold Fields wins sustainability award - Mineweb
JOHANNESBURG – Gold Fields has been ranked among the most sustainable companies in the world by RobecoSAM, the Swiss specialist investment firm that publishes the Dow Jones Sustainability Indices.
Although the miner’s rating fell to 80% from 81% a year ago, it is still the highest ranked South African company in The 2016 Sustainability Yearbook and the only local mining company recognised as a sustainability leader in the Mining and Metals industry.
According to Gold Fields, this latest ranking marks the fifth consecutive year that it has received a silver class award. “We have consistently performed well in these rankings, illustrating our commitment to best management practices in all areas of our operations, including environmental, governance and social,” CEO Nick Holland said.
Gold producers dominate the Mining & Metals industry segment, with Newmont and Barrick achieving gold class awards, and Canada’s Goldcorp and Kinross Gold achieving bronze. Diversified miners Anglo American, BHP Billiton, Rio Tinto and Teck Resources received silver class awards.
More than 2100 companies across 59 industries and 42 different countries were considered for inclusion in the The 2016 Sustainability Yearbook, based on “financially material” environmental, social and governance criteria. Of these conpanies 248 were recognised for their efforts across the gold, silver and bronze categories.
“We see competition for inclusion in the RobecoSAM sustainability yearbook steadily growing every year, so I congratulate all the companies that made it into the 2016 edition….What was once a very niche concept is now becoming more mainstream, even among the investment community. For this reason, it is more important than ever that companies report on the positive financial impacts of their sustainability initiatives,” said Michael Baldinger, CEO of RobecoSAM.
Holland said that implementing sustainable business practices across its operations is essential for Gold Fields to be “the gold company of choice for investors, communities and government”.
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