Improving our sustainability performance across all areas is central to maintaining our social licence to operate and enables us to achieve our overarching strategy. We work to ensure that all disciplines and employees across the business view their work through a sustainability lens. By embedding sustainability models across our value chain and through all reporting structures, we are integrating sustainability into our business.
We believe this approach leaves us better equipped to address legacy issues, anticipate and manage current and future risks, and capitalise on opportunities.
AngloGold Ashanti’s current sustainability journey spans well over a decade and continues to transform the company in a manner that seeks to address the evolving global landscape.
Our strategy recognises that we operate in a complex environment and our ability to achieve sustainable outcomes is intertwined with people, politics, the planet and the economy. In response, our strategy is dynamic and adaptive, considering developments in the jurisdictions in which we operate.
As we seek to create value for our shareholders and stakeholders alike, we recognise that this cannot be achieved in isolation, and a collaborative approach is a prerequisite to success.
Constructive, collaborative and respectful stakeholder relationships build trust and underpin our ability to create value. Engaging with our stakeholders enhances our understanding of our operating environment and the people we work with, and in turn facilitates informed decision making. It is critical at every stage of our business, from exploration through to mine closure.
Policies and standards:
Our sustainability strategy is guided by a rigorous assessment of the issues considered to materially impact our ability to create and share value in the short, medium and long term. The process of interrogating and selecting these material issues is guided by the International Integrated Reporting Council (IIRC), SASB, GRI Standards and the Accountability AA1000 Stakeholder Engagement Standard. In 2020, our material issues were identified as follows:
- Employee and community health
- Employee safety
- Contributing to resilient, self-sustaining communities (including inclusive procurement)
- Integrated talent management
- Climate change and energy use
- Tailings management
- Human Rights
- Artisanal and small-scale mining
- Integrated closure (including environmental, economic and social considerations)
- Business sustainability and growth
- Navigating through regulatory and political risks
For detailed information on each of these topics, please refer to our 2020 Sustainability Report.
We subscribe to a number of external principles, charters and standards that reflect our values and commitment to ESG principles – and allow our stakeholders to hold us accountable. Our participation in industry initiatives enables us to inform and influence global standards and practices as well as gain insight into emerging expectations, issues and risks.
AngloGold Ashanti is a member of the ICMM and is committed to the 10 principles, eight position statements and performance expectations that guide member companies on improving their sustainability performance. ICMM member companies report on their sustainability performance publicly every year, and in line with the standards set by the GRI. www.icmm.com
The International Cyanide Management Code (ICMI) for the manufacture, transport, and use of cyanide in the production of gold was developed by a multi-stakeholder steering committee under the guidance of the United Nations Environmental Programme (UNEP) and the then International Council on Metals and the Environment (ICME).
The Extractive Industries Transparency Initiative (EITI) is a global initiative which promotes transparent and accountable disclosure and use of revenues from natural resources. AngloGold Ashanti discloses all information in line with country-specific EITI processes and within annual country-level reports.
AngloGold Ashanti uses the WGC Conflict-Free Gold Standard as an important tool to ensure the gold we produce is conflict-free. As a member of the WGC, we support the Responsible Gold Mining Principles and commit to full compliance, assured by an independent third party, by 2022.
The United Nations SDGs focus efforts to end poverty, fight inequalities and tackle climate change. We have integrated the SDGs across our business.
The UNGC is an example of partnerships among businesses, governments, civil society and the United Nations. Its aim is to advance responsible corporate citizenship and universal social and environmental principles to meet the challenges of globalisation.
These are a set of principles designed to guide companies in maintaining the safety and security of their operations within an operating framework that encourages respect for human rights. AngloGold Ashanti annually reports on its efforts to implement and promote the VPSHR.
We aspire to contribute to Agenda 2063, which is aimed at transforming Africa into the global powerhouse of the future by delivering on a set of seven aspirations, each with its own set of goals.
The World Economic Forum’s Mining and Metals Industry community is a high-level group of peers dedicated to ensuring thought leadership on the long-term sustainability of the industry and its value to society. AngloGold Ashanti seeks to play its role in mitigating the impacts of climate change and integrating ESG considerations in how the industry operates and interacts with its stakeholders.