anglogold | report to society 2003


www.anglogold.co.za

Annual Financial Statements 2003

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Living our values

Annual financial statements

Community

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Social responsibility and community

While AngloGold?s social investment initiatives stretch back over many years the company is in the process of managing these activities in a more integrated manner. During the year,

?	the group identified its key values, including its impact on communities;
?	the board sub-committee on Safety, Health and Environment extended its ambit to include Safety, Health and Sustainable Development;
?	for the first time, a group-level Social Development Manager was appointed; and
?	Reporting to the board sub-committee in line with the global business principles has begun. However, because the reporting and the gathering of data and information in this way at a group level is still in its infancy, this section has not been audited this year. The requisite systems will be in place to enable an audit in 2004. It should be noted, however, that the expenditure at an operational level forms part of the annual financial audit of operations and that the AngloGold Fund (which represents the majority of social responsibility spending by the group) is independently audited. Also, many of the projects supported are themselves audited on an individual basis.

Key indicators

?	Social investment initiatives have been put in place at all AngloGold?s regions, with reporting according to business principles at regular board sub-committee meetings, under the coordination of the Social Development Manager.

Business principle:

AngloGold in the community

Key indicators

Milestones - 2003

Policy

Review of 2003

	Structure and governance
	Impact on people, cultures and communities
	Involvement of communities
	Social investment initiatives
	Participatory and leadership roles
	Working with communities on land and resettlement
	Contribute to sustainable economic development of host communities

Reporting in line
with GRI

Objectives for 2004

Case studies

	South Africa
	East and West Africa
	South America
	Australia
	North America
	Exploration

Top | Milestones - 2003