Our vision at Sibanye-Stillwater is to be a leader in superior shared value for all stakeholders. The sustainable management of our operations is integral to our ability to obtain and maintain our social licence to operate and to generate long-term value for all of our stakeholders, including employees, the communities where we operate, governments and shareholders.
Our iCARES values – innovation, commitment, accountability, respect, enabling, and safety – are at the core of our approach to sustainability. These values support safe operations, enable growth, underpin business strategy and promote competitiveness and success. Our values are embedded in the work we do and reinforced by continuous communication, education and training.
We represent our business ethos through the indigenous South African Umdoni tree:
- our values are the fundamental roots of our organisation, which provide a solid basis for the way we do business
- the trunk of the tree (our people) represents the material strength of the company
- the leaves on the branches represent all our stakeholders
- the tree’s seeds and fruits signify the varying benefits and value that our success will bring to those stakeholders
Sibanye-Stillwater has again been included in the Bloomberg Gender-Equality Index (GEI) for 2023. The Group is one of 484 companies globally (and one of only eight South African companies), across 45 countries and regions representing 11 sectors, which qualified to be included in the index.
For more information see media release published on January 31, 2023.
CDP is a non-profit global environmental disclosure platform. Our 2022 Climate Change submission received an ‘A-’ rating and our Water Security submission received a ‘B’ rating.
Sibanye-Stillwater completed the Conflict-Free Gold Standard review for the period 1st January to 31 December 2022 which was subject to independent assurance by PwC. This was the first time that we had undergone a review in terms of the Conflict-Free Gold Standard. The Conflict-Free Gold Standard falls within the ambit of Responsible Sourcing. The Conflict-Free Gold Standard requires companies to use external criteria to assess whether the area in which they mine is located should be assessed to be ‘conflict-affected or high risk’. It requires companies to assess whether they are adhering to international sanctions and to undertake a risk assessment based on the recognition of conflict. Following the Conflict Assessment, it was concluded that there were no breaches of any international sanctions.
Sibanye-Stillwater is a constituent of the FTSE4Good Index Series created by the global index provider FTSE Russell. The FTSE4Good Index Series is designed to measure the performance of companies in terms of their environmental, social and governance (ESG) practice and performance. Those companies included in the index are considered to have demonstrated strong ESG performance.
Sibanye-Stillwater is a constituent of the JSE Responsible Investment Index Series which adopts the FTSE Russell ESG Ratings process and comprises companies with an ESG-based mandate that meet a minimum ratings hurdle of 2.5.
Membership of the ICMM requires a clear endorsement of the Extractive Industries Transparency Initiative (EITI). Of the countries in which we operate or have interests, Argentina, where we have exposure through the Altar project, is the only one which subscribes to the EITI. Argentina joined the EITI in 2019. We are working towards alignment with the expectations of the EITI and have in place a position statement on the transparency of mineral revenues.
The SA Innovation League is a collaborative initiative between Innocentrix, the Milpark Business School and the Da Vinci Institute’s Technology Top 100 (tt100) Awards, which assesses organisations’ innovation management strategies and practices. At the 2021/2022 league, the approach, for the first time since inception in 2014, aligned with the series of ISO/SANS 56002 Innovation Management Standards. Sibanye-Stillwater announced on 20 Many 2022, that it achieved second place in the 2021/2022 awards, competing in the Large Organisation category.
Our commitment to being carbon neutral
In addition to producing several of the minerals and metals that are critical to decarbonisation and sustainable development, we embrace our responsibility to minimise the impact of our operations on the environment and on climate change in particular. As a member of the International Council on Mining and Metals (ICMM) and in line with the ambitions of the Paris Agreement, on 5 October 2021, we committed to a goal of net zero Scope 1 and 2 greenhouse gas (GHG) emissions by 2050 or sooner. We have since formalised this commitment by setting as a target to be carbon neutral by 2040.
Sibanye-Stillwater has achieved Responsible Sourcing accreditation from the London Platinum and Palladium Market (LPPM), that the Group’s SA platinum group metals (PGM) refinery facility complies with the LPPM Responsible Platinum and Palladium Guidance (the RPP). This accreditation follows the approval by the LPPM of an independent audit of the Groups’ supply chain management systems and practices conducted in 2021. The LPPM monitors the Good Delivery list for Platinum and Palladium Globally. For more information refer to www.lppm.com/responsible-sourcing/.
For more information about the Group’s Responsible sourcing policies and compliance reports, please refer to www.sibanyestillwater.com/about-us/governance/.
Sibanye-Stillwater was ranked fourth overall out of 327 JSE-listed companies and 27 state-owned enterprises (SOEs) in the third annual National Biodiversity and Business Network: Biodiversity Disclosure Project (based on its 2020 disclosures). Sibanye-Stillwater’s score improved 15% year-on-year, placing it second in the basic materials sector, up from third in 2019.
At Sibanye-Stillwater, we take seriously our responsibility to produce gold responsibly. To demonstrate this, we have endorsed the Responsible Gold Mining Principles (RGMPs) developed by the World Gold Council (WGC).
For more information, see our Annual Report on the Implementation of the World Gold Council’s Responsible Gold Mining Principles [PDF, 688KB].
The United Nations Global Compact (UNGC) is a non-binding pact within the United Nations designed to encourage businesses and firms worldwide to embrace sustainable and socially responsible policies while also reporting on their implementation. The UNGC stands as the world’s largest corporate sustainability and corporate social responsibility initiative, involving 13,000 corporate participants and other stakeholders across 170 countries.
Sibanye-Stillwater became a Participant in the UNGC in October 2020.
Participation in the UNGC entails a commitment to endorse and uphold its ten principles that encompass human rights, labour, environment, and anti-corruption. The UNGC’s multi-year strategy aims to raise awareness and promote action among businesses in support of achieving the Sustainable Development Goals by 2030.
- SA PGM operations: Creating shared value through SLP projects
- Integrated report 2022
- Sustainability strategy
- Policy: Environmental, Social and Governance
- Fact sheet 2022: Progressing the UN’s SDGs
- Sibanye-Stillwater’s ICMM self-assessment for 2022
- Group Impact report 2022
- Impact Report South Africa 2021
- Fact sheet: Marikana Renewal Programme 2023
- Fact sheet: Creating shared value, August 2023