Integrated environmental, social and governance (ESG) thinking is ingrained within the company, in our strategy and in how we do business. In the increasingly challenging and constantly changing world in which we operate, we are cognisant of our accountability to our stakeholders and our connectivity to them, and of the significance and impact of our ESG performance in sustainable value creation.
Harmony has been included in the FTSE4Good and Bloomberg Gender-Equality Indices in recognition of our performance in 2019.
The principles of sustainable development are embedded in our business strategy and decision making. Sustainable development is covered by the fourth pillar of our strategy – responsible stewardship. This fourth pillar underpins our operating philosophy, which is profit with purpose, and hinges on maintaining strong relationships by engaging and collaborating with stakeholders. Our responsibilities as a corporate citizen, as environmental stewards and to live our values remain top of mind.
Although African Gold Source is not a signatory to the International Council on Minerals and Metals or the United Nations Global Compact, we are guided by and do adopt applicable principles which support our sustainable development framework. We are also guided by the targets set for 2030 by the United Nations’ Sustainable Development Goals (SDGs). In addition, we will adopt the World Gold Council’s recently launched Responsible Gold Mining Principles and have begun implementing the guidelines of the Task Force on Climate-related Financial Disclosures.
Over the past two years, we have focused on actively implementing key tenets of our sustainable development framework – from building our portfolio of assets for profitable ounces to managing and mitigating our water and climate risks as we embedded our proactive safety and healthcare strategies and built trust in the communities in which we operate. We have implemented and developed the necessary standards and systems (based on the relevant ISO standards) for environment and safety. We have standardised processes and definitions, embedding these in our culture and values, and in our approach to leadership.
Over the next five years we aim to strengthen our delivery on key sustainable development indicators and the SDG targets, as they apply to our business. We have three years to comply with the Responsible Gold Mining Principles of the World Gold Council.