Gold Fields among leader in CDP climate change rankings
Gold Fields has been ranked as one of the few companies listed on the Johannesburg Stock Exchange which has consistently excelled on its disclosure of carbon emissions and its performance in mitigating the impact of climate change.
The rankings, by the global Carbon Disclosure Project (CDP) and the South African National Business Initiative (NBI), were announced in Johannesburg this week. They looked at the performance of the top 100 JSE-listed companies since the CDP and NBI launched these rankings in South Africa eight years ago.
Gold Fields has been ranked in the JSE Top 100 Climate Disclosure Leadership Index (CDLI) for six or more of the eight years that the CDLI has been in place. In the 2015 ranking the company again achieved a perfect disclosure record of 100%. The disclosure score assesses the completeness and quality of a company’s response to a questionnaire sent out by the CDP to leading companies around the world.
Gold Fields has also been part of JSE Top 100 Climate Performance Leadership Index (CPLI) in three of the six years this index has been in place. In 2015 the company achieved an A- rating, just below the top band of companies. The performance score assesses the level of action on climate change mitigation, adaptation and transparency.
The CDP is a not-for-profit organisation that assists investors in allocating funds to companies that accurately report their impact on the climate and mitigate this impact. The CDP is actively backed by 822 investors representing USS95-trillion of assets under management.
Gold Fields Chief Executive Officer, Nick Holland, commented on the performance: “We are committed to sustainable gold mining and our actions on energy efficiency and carbon emissions are integral to the way we do business. It is also critical that we are transparent about how we perform in the critical area of climate change.
“That is why we are so pleased that we have consistently performed well on both these indices over the past eight years,” he added.
More details on Gold Fields’ carbon policies and its CDP submission are available on the company’s website: http://www.goldfields.com/sus_reporting.php.
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