Gold Fields Limited (GFI) 2024年CSR報告「NYSE」.pdf

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1、1GOLD FIELDS Climate Change and Environment Report 20241Creating enduring value beyond mining2024Gold Fields Limited Climate Change and Environment Report 2024 Contents GOLD FIELDS Climate Change and Environment Report 20242Welcome to our Climate Change and Environment Report(CCER)for the year ended

2、 31 December 2024.About this report3Introduction4Gold Fields operations environmental performance at a glance5Reflections from our CEO and SHSD Committee Chairperson 62024 highlights and performance against 2030 targets7Gold Fields climate change and environmental stewardship journey 8Governance10Cl

3、imate change and environment leadership and management11Position and policies12Resilience toclimate change13Climate-related risk management processes14Financial risks:the impact of weather events on Gold Fields financial performance15Asset-based physical risks16Country-based transition risks20Our De

4、carbonisation Strategy and roadmap22Gold Fields Decarbonisation Strategy23Electricity mix26Towards a zero-emissions mining fleet:decarbonising material transport27Scope 3:Decarbonising our supply chain28Environmental performance29Overview30Nature31Energy and carbon management32Water stewardship35Int

5、egrated mine closure40Tailings storage facility management41Data and assurance43Group and operational carbon and environmental performances44External assurance statement46Task Force on Climate-Related Financial Disclosures Index48Disclaimer and forward-looking statements50Glossary51Administration an

6、d corporate information52About our coverThe cover photo of our 2024 Climate Change and Environment Report shows monitoring work at a revegetated tailings storage facility(TSF)in Ghana.The secondary photo shows solar panels at Granny Smith.Send us your feedback We value your feedback on our reporting

7、 suite.To support our efforts to report on the issues our stakeholders care about,please send any feedback and questions to or .Youcan also visit and download the feedback iconsFurther information available onlineFurther reading available within this reportIntroductionGovernanceResilience to climate

8、 changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration About this report Our CCER contains information about Gold Fields climate change and environment-related stewardship and performance rel

9、ating to the atmosphere(energy and carbon management),freshwater(water stewardship)and land use(mine closure and tailings stewardship).The report provides information about our performance in 2024 at both a Group and operation level,where appropriate,as well as progress against our 2030 social and e

10、nvironmental targets.Interactive features are incorporated for ease of navigation including links to additional information available on our website or other reports included in our reporting suite.As part of Gold Fields integrated annual reporting suite,this report should be read in conjunction wit

11、h the Integrated Annual Report(IAR)and Report to Stakeholders,as well as relevant information on our website,such as our ESG databook.Our full reporting suite is outlined in our 2024 IAR.Reporting boundary and landscapeThe reporting boundary is informed by the operational control consolidation appro

12、ach as set out in the Greenhouse Gas(GHG)Protocol.Unless stated otherwise,non-financial data included in this report relates to our eight operating mines and excludes Salares Norte(which has not yet achieved commercial levels of production)and the Windfall project.All energy,water and carbon data pe

13、r operation is based on the operations managed production.Consideration of global standardsWe are dedicated to transparent reporting,providing stakeholders with the information needed to assess our performance and understand the challenges and risks we face.To support this commitment,we have conside

14、red the following global frameworks,standards and principles:The CDP(Carbon Disclosure Project)Sustainability Accounting Standards Board Metals and Mining Standard Global Reporting Initiative Universal Standards Johannesburg Stock Exchange(JSE)Sustainability and Climate Disclosure Guidance The ICMM

15、Sustainable Development Framework,Mining Principles and Performance Expectations World Gold Council(WGC)Responsible Gold Mining Principles The IFRS International Sustainability Standards Boards(ISSB)climate-related disclosure standard,which includes the Task Force on Climate-Related Financial Disclo

16、sures(TCFD)Recommendations PwC Inc.provided an independent reasonable assurance opinion(RA)over key sustainability information in this report.Refer to our website for the definitions used in preparing assured information:https:/ FIELDS Climate Change and Environment Report 20243United Nations Sustai

17、nable Development GoalsAs a responsible gold miner,we believe we can create lasting socio-economic value for our people,host communities and governments.The United Nations(UN)Sustainable Development Goals(SDGs)a universal call to action to end poverty,protect the planet and ensure that by 2030 all p

18、eople enjoy peace and prosperity are key to our purpose of creating enduring value beyond mining.While we recognise the equal importance of all 17SDGs,we prioritise 12 where we believe we have the greatest ability to deliver meaningful impact.IntroductionGovernanceResilience to climate changeOur Dec

19、arbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration GOLD FIELDS Climate Change and Environment Report 20244Gold Fields operations environmental performance ataglance5Reflections from our CEO and SHSD Co

20、mmittee Chairperson 62024 highlights and performance against 2030 targets7Gold Fields climate change and environmental stewardship journey8In this sectionIntroductionGold Fields Western Australian operations,depicted here,make extensive use of renewable electricity sourcesIntroductionGovernanceResil

21、ience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration Gold Fields operations environmental performance at a glanceGOLD FIELDS Climate Change and Environment Report 20245Attri

22、butable gold production2Energy intensity287koz8.81GJ/ozRenewable electricityScope 1 and 2 emissions9%231kt CO2eEmissions intensity(Scope 1 and 2)Water recycled/reused3804kg CO2e36%Gruyere,Australia1Granny Smith,AustraliaSt Ives,AustraliaAgnew,AustraliaSouth Deep,South Africa1Attributable gold produc

23、tionEnergy intensity287koz3.80GJ/ozRenewable electricityScope 1 and 2 emissions7%119kt CO2eEmissions intensity(Scope 1 and 2)Water recycled/reused3412kg CO2e26%Attributable gold productionEnergy intensity331koz5.52GJ/ozRenewable electricityScope 1 and 2 emissions0195kt CO2eEmissions intensity(Scope

24、1 and 2)Water recycled/reused3590kg CO2e69%Attributable gold productionEnergy intensity229koz4.08GJ/ozRenewable electricityScope 1 and 2 emissions48%74kt CO2eEmissions intensity(Scope 1 and 2)Water recycled/reused3320kg CO2e52%Attributable gold productionEnergy intensity267koz7.26GJ/ozRenewable elec

25、tricityScope 1 and 2 emissions17%431kt CO2eEmissions intensity(Scope 1 and 2)Water recycled/reused1,614kg CO2e77%Damang,Ghana1Tarkwa,Ghana1Salares Norte,ChileCerro Corona,PeruWindfall project,Qubec,CanadaAttributable gold productionEnergy intensity134koz5.15GJ/ozRenewable electricityScope 1 and 2 em

26、issions0114kt CO2eEmissions intensity(Scope 1 and 2)Water recycled/reused847kg CO2e82%Attributable gold productionEnergy intensity537koz7.71GJ/ozRenewable electricityScope 1 and 2 emissions3%420kt CO2eEmissions intensity(Scope 1 and 2)Water recycled/reused782kg CO2e86%Attributable gold productionEne

27、rgy intensity45kozNot reportedRenewable electricityScope 1 and 2 emissions0Not reportedEmissions intensity(Scope 1 and 2)Water recycled/reusedNot reportedNot reportedAttributable gold productionEnergy intensity173koz6.89GJ/ozRenewable electricityScope 1 and 2 emissions100%48kt CO2eEmissions intensit

28、y(Scope 1 and 2)Water recycled/reused278kg CO2e84%Attributable gold productionEnergy intensity0Not reportedRenewable electricityScope 1 and 2 emissions100%Not reportedEmissions intensity(Scope 1 and 2)Water recycled/reusedNot reportedNot reported1 Data applies to 100%of these operations2 For definit

29、ion of attributable gold production,refer to p3 of our IAR3 Water used is highly-saline and not easily recyclableIntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlo

30、ssaryAdministration Reflections from our CEO and SHSD Committee Chairperson Our mining activities often impact our host communities and the environment in which they live.Successfully embedding sustainability considerations and practices into our business,to both manage these impacts and drive posit

31、ive outcomes,is intrinsic to Gold Fields long-term performance and success.Responsible mining is embedded in pillar 2 of Gold Fields strategy to deliver positive social and environmental impact.This is supported by our 2030 targets,which include three social and three environmental priority areas.Ou

32、r primary environmental commitment to communities is to ensure that we uphold the highest standards of environmental stewardship a commitment we have successfully achieved for almost a decade by having zero serious environmental incidents.This is further supported by our 2030 targets related to clim

33、ate change,water stewardship and tailings management to ensure we responsibly manage our natural resources and mitigate our impact on the environment.Gold Fields have adopted these programmes,targets and policies because they made sense for our business then,and continue to make sense for our busine

34、ss today.They form the foundation of our social licences to operate,which must endure beyond political,regulatory or economic cycles.This commitment is reflected in our reporting,as we aim for transparency in our disclosures to enable our stakeholders to clearly understand our performance,risks and

35、opportunities.Gold Fields decarbonisation journey,which commenced in 2016,was driven by the need to secure our operations electricity supply and mitigate rapidly rising energy costs.Our investment in renewable energy microgrids is proving to be a valuable business solution while,at the same time,add

36、ressing one of the most critical challenges facing society:climate change.Applying a commercial lens has always been critical and our decarbonisation work prioritises energy resilience and cost-effective reduction in emissions while optimising operational efficiency and maintaining business sustaina

37、bility.At the same time,we have adopted a portfolio-based view of our decarbonisation efforts,critically assessing where the greatest opportunities lie to enhance operational flexibility and energy security and meet our carbon reduction priorities.In doing this,we ensure capital resources are alloca

38、ted efficiently by applying rigorous capital allocation criteria to these investments across our portfolio.Our two largest investments in renewables South Deeps Khanyisa solar plant,commissioned in late 2022,and the StIves renewable energy project currently under construction will both substantially

39、 reduce Scope 1 and 2 carbon emissions for these operations while also creating long-term energy resilience at reduced costs.To date,three of our Australian mines and South Deep have renewable electricity sources,while Cerro Corona in Peru and the Windfall project in Canada are fully supplied by hyd

40、ropower.We have seen the benefits of these investments,with 18%of our electricity derived from renewable sources in 2024,compared with 3%in 2016.Our Scope 1 and 2 emissions are now 4%below the 2016 baseline.Our largest investment in renewables to date is expected to improve these metrics further,wit

41、h construction of the US$195m solar and wind energy project at St Ives currently underway.The plant is scheduled for commissioning in early 2026.Through this investment,73%of the mines electricity will be sourced from renewable energy reducing the mines future Scope 1 and 2 emissions by approximatel

42、y 50%a year and the Groups emissions by 6%a year.It will also lead an estimated operating cost reduction of US$67/oz a year for the mine and affords long-term operational flexibility to this cornerstone asset in our portfolio.Our other operations are also investigating potential for further renewabl

43、e electricity sources,but we will only proceed with these where it makes technical and commercial sense to do so.During 2023,we set a Scope 3 emission target:a net 10%reduction by 2030 against a 2022 baseline.At the time,these emissions comprised 36%of our overall emissions.While it is still early d

44、ays,we continued to work towards this target in 2024 through extensive engagement with our main suppliers.Among our other environmental priorities,we focused our work in areas where we impact our stakeholders directly namely,how we manage our tailings facilities and how we treat the water we require

45、 for our operations and for use by our neighbouring communities.For both these focus areas,we have teams conducting industry-leading work to achieve our 2030 targets.We discuss our 2030 environmental,social and governance(ESG)targets,as well as our performance against these,in detail throughout our

46、reporting suite.Given that the strategies,programmes and initiatives to achieve our targets were established based on the knowledge and expectations of technology maturity in 2021,we have now initiated a mid-term review to be concluded in 2025.This review will assess our progress,future business mod

47、els and technology readiness profiles.It will also help identify any gaps to deliver on the targets and support their extension to 2035 to accommodate portfolio growth and evolving technological capabilities.Having reviewed our performance over the year,we are more convinced than ever that our conti

48、nued commitment to a sound environmental and social performance benefits our stakeholders,including host communities,and the business,and will translate into more sustainable returns for our shareholders.Mike FraserChief Executive Officer(CEO)Terence GoodlaceChairperson of the Safety,Health and Sust

49、ainable Development(SHSD)CommitteeGOLD FIELDS Climate Change and Environment Report 20246“Our continued commitment to responsible management of our environmental and social impacts is key to delivering on our purpose and will translate into more sustainable returns for our shareholders”Mike FraserCE

50、O“Our decarbonisation work prioritises energy resilience and cost-effective reduction in emissions while optimising operational efficiency and maintaining business sustainability.”Terence GoodlaceChairperson of the SHSD CommitteeIntroductionGovernanceResilience to climate changeOur Decarbonisation S

51、trategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration 2024 highlights and performance against 2030 targetsSustainability has long been part of Gold Fields way of doing business,with sustainability-related consideration

52、s and practices integrated into the operational management of our mines.The table below summarises our 2024 highlights and performance against the 2030 ESG targets,as well as the relevant climate and environment-related key performance indicators(KPIs)incorporated into our two sustainability-linked

53、five-year loans a US$1.2bn revolving credit facility(RCF)and A$500m Australian syndicated credit facility(collectively the sustainability-linked credit facilities).Description of ESG performance2030 target2025 target2024 performance2023 performanceEnvironmental performanceSerious environmental incid

54、ents(Level 3 5)10000DecarbonisationReduce absolute emissions from 2016 baseline(Scope 1 and 2)2 50%15%,subject to mid-point review 15%12%Reduce net emissions from 2016 baseline(Scope 1 and 2)30%0.2%,subject to mid-point review 4%4%Reduce net emissions from 2022 baseline(Scope 3)10%4%16%3%Water stewa

55、rdshipWater recycled or reused(percentage of total water used)80%73%74%RA 74%Reduce freshwater withdrawal from 2018 baseline 45%17%23%39%Tailings stewardshipConformance with Global Industry Standards on Tailings Management(GISTM)Conform by 2025Conform by 2025On trackOn trackReduce the number of acti

56、ve upstream-raised TSFs from five to three3345Description of KPI as set out in the sustainability-linked credit facilities2024 target32024 performance42023 performanceCumulative annual carbon abatement of absolute Scope 1 and 2 carbon emissions through renewable projects since inception and validati

57、on of the Groups 2030 net Scope 1 and 2 carbon emissions reduction targets by 31 December 2024100kt CO2e86kt CO2eRA75kt CO2eValidation of the Groups 2030 net Scope 1 and 2 carbon emissions reduction targets by 31 December 2024Validation of the Groups 2030 net Scope 1 and 2 carbon emissions reduction

58、 targets was obtained from the Carbon Trust5 during December 2024Water recycled or reused 75%74%RA 74%Percentage of women representation among employees 24%25%25%1 A Level 3 incident results in limited non-conformance or non-compliance,with ongoing but limited environmental impact.Level 4 and 5 inci

59、dents include major non-conformances or non-compliances,which could result in long-term environmental harm 2 Absolute emission reductions relate to emission reduction from a projected business as usual emission trajectory based on production growth rate3 In 2024,one of the three targets was met:the

60、percentage of women in the total workforce.Consequently,the interest rates on the sustainability-linked credit facilities will increase by 0.025%per annum in accordance with the terms4 Calculated in accordance with the standards published by the GHG Protocol Corporate Accounting and Reporting Standa

61、rd 5 Statement by the Carbon Trust:the Carbon Trust assessed Gold Fields net emissions reduction target against internationally-recognised pathways aligned with achieving no more than 1.5C global warming by 2050.Four pathways were considered,the SBTi absolute contraction(AC)pathway for absolute emis

62、sions,SBTi AC pathway for emissions intensity,Transition Pathway Initiative emissions intensity pathway for diversified mining and the International Energy Agency Net Zero Emissions(IEA NZE)by 2050 pathway for absolute emissions.The assessment concluded that Gold Fields business as usual emissions f

63、orecast is closely aligned to the TPI 1.5C emissions intensity pathway.The TPI 1.5C trajectory for the diversified mining sector is based on IEA Net Zero Emissions ScenariosGOLD FIELDS Climate Change and Environment Report 20247IntroductionGovernanceResilience to climate changeOur Decarbonisation St

64、rategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration Gold Fields climate change and environmental stewardship journey 2011 2015 Foundational2016 2021 Setting our 2030 strategy 2022 2024 Implementing our 2030 strategy20

65、25 2030 Moving towards targets2031 2035 Moving towards a sustainable future2036 2050 Moving towards net zero and environmental excellenceGovernance Developed a Group Energy and Carbon Strategy Reported emissions in accordance with the CDP Received ISO 14001 environmental management certification for

66、 all assets Environmental,Carbon and Materials Stewardship Management Policy Statements approved by Board Assessed asset-specific energy security requirements Adopted climate change reporting based on TCFD recommendations Commenced with ISO 50001 certification Established energy forum Signed Paris A

67、greement Climate Change,Water,Materials and Supply Chain Stewardship Policy Statements approved by Board Established an Environmental Working Group Prepared Environmental Incident Classification and Reporting Guideline,which is revised annually Introduced decarbonisation targets into long-term incen

68、tive plan(LTIP)Climate Change Steering Committee instrumental in progress Established Decarbonisation Community of Practice Initiated ESG SOX project to enhance and formalise sustainability-related data governance,disclosure and controls Received ISO 50001 certification at all assets Refinanced US$1

69、.2bn RCF and A$500m Australian syndicated credit facility including climate change and water targets Mid-point review to align to our 2035 aspirations and technology portfolio(see p6 for more detail)Increase integrated carbon reporting and visualisation,e.g.fleet management systems,long-term mine pl

70、anning tools Include carbon standards in supplier assessments Automate emissions data management and reporting in real time Develop an offset strategy and detailed nature-based solutions Risk and opportunities and adaptation Conducted first and second round of five-yearly climate change risk and vul

71、nerability assessments Developed three lines of assurance risk adaptation framework Implemented climate adaptation into capital management Group business cycles Completed climate change resilience and vulnerability studies for the Groups TSFs,water management and flood prevention structures Implemen

72、ted identified improvement opportunities Maintained seasonal stockpiling of critical supplies and spares at vulnerable assets Enhance medium-term weather and storm forecasting Conduct third round of five-yearly climate change risk and vulnerability assessment per asset Deliver climate adaptation pro

73、grammeGOLD FIELDS Climate Change and Environment Report 20248IntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration Gold Fields climate change and e

74、nvironment journey continued2011 2015 Foundational2016 2021 Setting our 2030 strategy 2022 2024 Implementing our 2030 strategy2025 2030 Moving towards targets2031 2035 Moving towards a sustainable future2036 2050 Moving towards net zero and environmental excellenceDecarbonisation Developed energy se

75、curity assessments and five-year regional plans Developed energy efficiency plan and initiatives Conducted prefeasibility and feasibility studies on renewable and alternative energy options Set 2030 Scope 1 and 2 emissions targets Assessed renewable and alternative energy options Commenced trialling

76、 diesel-electric trucks Implemented significant renewable electricity projects:Granny Smith(8MW solar,2MW battery)Agnew(18MW wind,4MW solar,13MW battery)Re-baselined Scope 3 emissions and set target for a 10%net reduction in Scope 3 emissions by 2030 Implemented significant renewable electricity pro

77、jects:Gruyere(12MW solar,4MW battery)South Deep(50MW solar)Tarkwa(1MW grid renewables)Cerro Corona(100%renewables)Mid-point review of Decarbonisation Strategy Material handling studies to support underground decarbonisation Further implementation of technology solutions for energy efficiency Impleme

78、nt significant renewable electricity projects:Granny Smith(11MW solar,7MW battery expansion)St Ives(42MW wind,35MW solar)South Deep renewable expansion Update reporting and visualisation Continue implementing technology solutions for energy efficiency Introduce electric underground mine Set annual t

79、argets for suppliers with short interval control Leverage material handling methods and maturing GHG technologies for open pits Implement site-specific natural climate offsetting solutions Maintain full visualisation of energy in real time Committed to full renewable electrical supply by 2050 Elimin

80、ate all use of diesel vehicles Verify adopted carbon offsets Introduce net-zero targets for all suppliers and productsWater stewardship Commenced annual CDP Water submissions Implemented predictive and dynamic water balances Set 2030 water targets Implemented ICMM Water Position Statement and Report

81、ing Guideline Developed and approved Group and regional water strategies,which are supported by three-year water tactical plans Started adopting a catchment management approach Conducted climate change resilience assessment of water-containing infrastructure Updated Group and regional water strategi

82、es,supported by three-year water tactical plans Implemented ICMM Water Stewardship Maturity Framework and third-party verification Implemented three-year water tactical plans and reporting(2024 2026)Mid-point review of water-related 2030 ESG targets Review and update Group Water Guideline Review and

83、 update three-year water tactical plans Continuous improvement of water stewardship aligned with ICMM Water Stewardship Maturity Framework Maintain performance in line with ICMM Water Stewardship Maturity Framework,Group targets and asset-based tactical plansTailings stewardship Commenced implementi

84、ng GISTM,which was released in August 2020 Appointed key Group roles Approved Group Tailings Management Policy Developed stewardship portals Disclosed GISTM conformance status for high priority TSFs at Cerro Corona and Tarkwa in August 2023 Released the internal Tailings Management Standard Disclose

85、 GISTM conformance status for all other TSFs in August 2025 Reduce the number of active upstream-raised TSFs from five to three Maintain conformance with the GISTM Maintain conformance with GISTM Consider tailings repurposingNature Prepared Group Biodiversity Guideline Conducted a nature baseline ri

86、sk assessment Adopted the ICMMs 2024 Nature Position Statement Implement plans to ensure conformance with the ICMMs Nature Position Statement Move towards nature-positive performanceGOLD FIELDS Climate Change and Environment Report 20249IntroductionGovernanceResilience to climate changeOur Decarboni

87、sation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration GOLD FIELDS Climate Change and Environment Report 202410Climate change and environment leadership and management11Position and policies12In this sectionGove

88、rnanceEmployees at South Deep in South Africa and an overview of the mines twin shafts and TSFIntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration

89、 Climate change and environment leadership and managementClimate change and environmental governance is fundamental to the way Gold Fields addresses the impacts of climate change and ensures that we remain a responsible steward of the natural environment.TheClimate Change and Environment Governance

90、Framework,as set out below,illustrates how we integrate leadership,management and operational implementation and execution both from a top-down Group perspective and a bottom-up asset-based perspective.During the year,we made a significant strategic shift from a regional three-layered(Group,regions,

91、operations)structure to a function-led,two-layered(Group,operations)organisational structure.This redesigned structure also reflects in our Climate Change and Environment Governance Framework.Climate Change and Environment Governance FrameworkGroupBoard of DirectorsSafety,Health and Sustainable Deve

92、lopment CommitteeTechnical Committee(previously the Capital Projects,Control and Review Committee)Remuneration CommitteeRisk CommitteeStrategy and Investment CommitteeLeadership Sets the strategic direction and provides guidance Conducts quarterly reviews of environmental risks management Monitors p

93、rogress against environmental and climate change targets Oversees the Groups TSF management and GISTM implementation Oversees the Groups Climate Change Strategy and its implementation Monitors Salares Norte as a qualifying project and developing asset Reviews progress of other qualifying Gold Fields

94、 projects and joint ventures,including the Windfall project in Qubec,Canada Oversees and approves capital expenditures Oversees the Groups Remuneration Strategy,including climate and environmental-related KPIs included in the Groups Balanced Scorecard and LTIP of executives and management View our R

95、emuneration Report here.Reviews risk appetite and tolerance Evaluates the Groups strategic risks and opportunities Identifies Group catastrophic risks,which have the potential to cause severe business interruptions Transitioned from an ad hoc Investment Committee to the full-time Strategy and Invest

96、ment Committee Considers and recommends to the Board the Groups strategy Oversees and approves capital allocation and the broader application of the Group Capital Application FrameworkChief Executive OfficerExecutive CommitteeClimate Change Steering CommitteeWater Working GroupMine Closure Disciplin

97、e Development GroupTailings Discipline Development GroupStrategic management Leads the Executive Committee and management teams to develop and implement the Groups climate change and environment-related strategies Implements the Companys climate change and environment-related strategies Oversees dec

98、arbonisation Scope 1,2 and 3 emissions,including mid-point review Oversees climate risk and adaptation including flooding and inundation study Reviews climate financing opportunities and carbon pricing Conducts LTIP review Reviews key renewables projects Reviews and strategises on matters of common

99、concern and actions required to address these Ensures alignment on key priorities and projects Shares best practices and thought leadership Provides closure leadership and support to assets and new projects Ensures closure discipline is optimised,aligned,standardised and leveraged to deliver benefit

100、s across Gold Fields assets,operations and projects Shares experiences,case studies and lessons learned from past and ongoing mine closure projects Promotes the adoption of globally recognised standards and innovative approaches to mine closure Provides tailings leadership and support to assets and

101、new projects Ensures tailings discipline is optimised,aligned,standardised and leveraged to deliver benefits across Gold Fields assets,operations and projectsAssetsGeneral ManagerSite leadership teamsEnergy managementWater Working CommitteeMine Closure Steering CommitteeTailings Community of Practic

102、eOperational management Leads the site executive teams to ensure operational implementation and execution,and reports to the Groups Executive Committee Ensures operational implementation and execution of the various site-specific functions Updates management plan and guideline annually Develops port

103、folio of energy projects Completes measurement and verification Provides quality assurance on measuring systems Provides reporting Oversees:Water-related risks The Groups 2030 Water Strategy,along with implementation actions Three-year tactical plans Life-of-mine(LOM)water security plans Water costs

104、 Water projects Oversees:Attainment of Gold Fields objectives of achieving integrated closure planning and costing and enhancing social licence for closure Adequate integration of closure into decision-making and business processes throughout the life of the asset Development and implementation of u

105、pdated mine closure plans that meet ICMMs standards and national compliance obligations Regular and timeous updates of closure cost estimates(CCE)that meet all compliance obligations Implementation of concurrent closure programmes Alignment of socio-economic transitions with social investment during

106、 LOM Focuses on implementing the GISTM and sharing lessons from global TSFs Facilitates the exchange of technical,operational and governance insights related to tailings management Provides a forum for discussion challenges,developing solutions and addressing risks in tailings management Provides ce

107、ntralised access to guidelines,case studies,tools and resources like GISTM,ICMM documents and tailings risk assessment frameworksGOLD FIELDS Climate Change and Environment Report 202411IntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performance

108、Data and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration Position and policiesPolicies and policy statements setting out climate and environmental commitments are a critical part of the Groups dedication to good governance.As an active member of industry bodies lik

109、e the ICMM and WGC,we strive to embed international industry best practices into our Group and asset-based strategies.We take a leading role in implementing and operationalising these best practices,participating in industry consortiums and projects like the GISTM,and forming part of the group devel

110、oping the ICMMs recently released Nature Position Statement.Gold Fields environmental commitmentsKey implementation actions Responsible stewardship and sustainable use of natural resources to reduce adverse impacts and maximise positive impacts on the environment Described in this report on p30 42 C

111、ontinuously implement an externally-certified environmental management system Maintained ISO 14001 certification of all assets(Windfall not yet assessed)Maintain legal and other compliance Maintained legal compliance and compliance with voluntary commitments Protect and enhance biodiversity and ecos

112、ystems through integrated land management Continued to implement the Groups internal Biodiversity Guideline Continued the Nature Baseline Risk Assessment Continued to align with the ICMM Nature Position Statement Maintain progressive rehabilitation and ensure social aspects are incorporated into min

113、e closureplanning Progressive rehabilitation continued,limiting closure liabilities and restoring areas as per biodiversity loss mitigation hierarchy Social transition considerations are incorporated into mine closure plans,especially at our Damang and Cerro Corona mines,which are approaching the en

114、d of their commercial lives-of-mine from 2030 onwards Gold Fields Group legacy programmes are designed,among others,to build long-term social,economic and environmental resilience Ensure proactive stakeholder engagement and communication Maintained through annual operation and project-specific stake

115、holder engagement plans Apply waste mitigation hierarchy Continued at all assets.Waste generated across the Group decreased to 28.61kt in 2024(2023:31.20kt)Recycled/reused 50%of waste generated Achieve environmental performance targets and objectives,including our target of having zero Level 3 5 env

116、ironmental incidents,supported by reporting on our performance against targets Maintained zero Level 3 5 environmental incidents Performance against this and other targets reported on p7 Maintain certification to the International Cyanide Management Code All assets that use cyanide are fully certifi

117、ed to the International Cyanide Management Code Conduct employee training and awareness Continued at all assets through induction and other programmesIn relation to developing and continuously reviewing policy statements relating to climate change,water stewardship and tailings governance,we have dr

118、awn from the industry thought leadership provided by the ICMM through the respective Position Statements.These Position Statements set out the approach of ICMM members and their commitments to dealing with these environmental matters,summaries of which are set out below.Climate Change:outlines commi

119、tments to address climate change in line with the goals of the Paris Agreement.Key commitments include setting clear pathways to achieve net-zero Scope 1 and 2 GHG emissions by 2050 or sooner,accelerating efforts to reduce Scope 3 emissions,integrating climate risks into decision-making,and supporti

120、ng community resilience to climate impacts.Members commit to transparent reporting aligned with the TCFD,advocating for effective climate policies,and promoting low-carbon technologies and carbon pricing.Water Stewardship:sets out commitments to responsible water management.Members commit to strong

121、and transparent water governance,including public disclosure of water stewardship approaches,clear accountability structures,and integration of water considerations into business planning.Members pledge to manage water at operations effectively,maintaining water balances,setting context-specific tar

122、gets and ensuring access to clean water and sanitation for employees.Additionally,members commit to collaborative action for sustainable water use,engaging stakeholders,supporting catchment-level water management and advocating for effective water governance.Tailings Governance:sets out commitments

123、to minimise the risk of catastrophic TSF failures.Members commit to implementing a Tailings Governance Framework based on six key elements:accountability,responsibility and competency(ensuring clear governance structures and expertise);planning and resourcing(securing financial and human resources f

124、or TSF management);risk management(identifying,assessing and mitigating TSF risks);change management(evaluating risks arising from operational or environmental changes);emergency preparedness and response(establishing clear protocols for failure warning and mitigation);and review and assurance(condu

125、cting internal and external assessments for continuous improvement).How we applied these commitments through our policy statements,underpinned by implementation actions is detailed in sections four and five of this report.For more information on the ICMMs commitments,please see the ICMM website.GOLD

126、 FIELDS Climate Change and Environment Report 202412IntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration GOLD FIELDS Climate Change and Environmen

127、t Report 202413Climate-related risk management processes14Financial risks:the impact of weather events on Gold Fields financial performance15Asset-based physical risks16Country-based transition risks20In this sectionResilience toclimate changeA member of our Ghana team,the Tarkwa processing plant an

128、d the Damang tailings storage facility that has been rehabilitated to include citrus fruit plantationsIntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdmini

129、stration Climate-related risk management processesGold Fields approach to enterprise risk management(ERM)is based on the requirements of King IVTM,the South African Corporate Governance Code of Conduct and ISO 31000 the international guideline on risk management,which offers a globally recognised fr

130、amework for identifying,assessing and managing risks.The Group also subscribes to the risk management requirements of the ICMMs 10 Mining Principles,which focus on responsible and sustainable practices.This holistic approach seeks to ensure that Gold Fields integrates global,local and industry-speci

131、fic best practices into its ERM Strategy.Our ERM process follows a top-down approach to categorising the Groups risks,which include:Group-wide strategic risks,which are broad risk categories that apply across Gold Fields and could materially impact the delivery of our strategy Other strategic risks,

132、which are more specific risk events that may apply to a particular asset or group of assets.These risks fall within a strategic risk category,but are potentially material enough to warrant specific highlighting and particular focus from our management teams Catastrophic risks,which are potential dis

133、astrous events that may cause loss of life,extensive damage to infrastructure and prolonged production losses,and could significantly impact our stakeholders and Gold Fields reputation.Should a catastrophic risk event materialise,it may prompt a review of the Groups strategyRisk management is integr

134、ated into all business processes.Our corporate and asset leadership teams conduct formal risk management reviews every quarter to assess the risks to the business and track and monitor progress against mitigating actions.These reviews are then presented to the Boards Risk Committee biannually for ve

135、rification.The climate-related risk management processes are based on Gold Fields ERM,and follow the same approach and methodology to identify and assess our risk appetite and tolerance levels.For each of our strategic risk categories,we define our risk appetite by identifying the risks we will not

136、take,those risks we have to take and need to mitigate,and those risks we actively pursue.We then identify key risk indicators for the strategic risk categories and define tolerance limits for each indicator.We embed these indicators in our business performance management and reporting.Considering th

137、at 2024 exceeded previous records of being the hottest year globally with an average global temperature of 1.6C above the pre-industrial average and,more sobering,the first calendar year with a global average temperature exceeding 1.5C above pre-industrial level,it is imperative that we continuously

138、 improve our climate-related risk management.Below,we describe our exposure to climate and environment-related risk at a Group strategic level,risks with catastrophic impact,as well as individual operation impacts.Group-wide strategic risks Risk descriptionMitigating strategyOpportunities for value

139、creation10(2023:12)The Groups failure to identify and mitigate climate-related events that may impact our operations or ability to execute our strategy,leading to operational disruptions and lost revenue.We adopted a comprehensive Decarbonisation Strategy,which specifies our carbon goals for 2030,an

140、d our 2025 priorities,which includes reviewing and updating our plans to deliver these 2030 goals.We also seek to leverage international standards and guidelines by,for example,complying with industry standards like GISTM.Given the changing environment and growing impact of rising global temperature

141、s and extreme weather events,we are reviewing our climate change vulnerability risk assessments.We continue to enhance the resilience of our operations by rolling out renewable energy initiatives,and have implemented measures to mitigate the potential impact of extreme weather events,including flood

142、 management strategies,extreme temperature response plans and insurance cover.Greater mix of renewable electricity Leveraging new technologies Improving asset resilience Establishing and strengthening partnerships with government and communities Group catastrophic risksRiskDescriptionMitigating stra

143、tegy1(2023:1)TSF failureCatastrophic TSF embankment failureWe strive to fully comply with the Groups TSF Management Policy and Management Standard,as well as international guidelines like the Australian National Committee on Large Dams,SANS and CDA.Our combined assurance approach is bolstered by the

144、 annual Independent Geotechnical and Tailings Review Board reviews at Cerro Corona(Peru)and Tarkwa(Ghana),where our four TSFs with“extreme”or“very high”consequence category ratings are located.In addition,we continue to implement the GISTM in line with targets and timing.3(2023:3)FloodingMajor incid

145、ent causing loss of life and property damageThe typical design of Gold Fields operations considers probable precipitation and flood modelling to ensure we have appropriate mitigation measures in place.Flooding and other associated risks form part of the ICMMs Critical Control Management programme,wh

146、ere control measures are audited internally and verified by independent parties.We recently initiated a flood study across all of our operations,and we are using the preliminary outcomes to define risk mitigation priorities going forward.GOLD FIELDS Climate Change and Environment Report 202414Introd

147、uctionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration Financial risks:the impact of weather events on Gold Fields financial performanceDuring the year,Go

148、ld Fields was not immune to the impact of extreme weather events.Notably,Chile endured its coldest winter in over 70 years,Peru experienced heavy rainfall which affected Cerro Corona while extreme flooding led to both infrastructure damage and business interruption at Gruyere in Australia.Flooding a

149、t Gruyere in Western AustraliaDuring March 2024,the tropical weather system resulted in a band of heavy and sustained rainfall of over 60%of the regions average annual rainfall.This extreme rainfall caused flash flooding across eight local government areas,which led to both the Western Australian St

150、ate and Australian Federal governments declaring a state of disaster and deploying emergency services and funding to assist the affected communities.The flooding severely impacted Gruyere mine and the surrounding communities,including the following:Damage to surrounding infrastructure and the Great

151、Central Mount Shenton-Yamarna roads The Great Central Road the main supply route to Gruyere was closed by the local authorities from early March until the end of April 2024,which resulted in Gruyere being cut off in terms of supply of essential goods Flooding of the open pit and processing plant wit

152、h accompanying infrastructure and equipment damage and lack of access to the open pit Cut off from access to the sites landfill,requiring the construction of a temporary facilityGold Fields accumulated financial loss due to business interruption and infrastructure and property damage amounted to A$9

153、.8m(US$6.4m),which is set to be recouped through insurance cover.Severe winter in ChileIn 2024,Chile experienced an exceptionally severe winter,marked by the early onset and extended duration of unprecedented cold snaps and heavy snowfall.The inclement weather significantly impeded the commissioning

154、 and ramp-up of processing plant of the Salares Norte project in the Atacama region in the northern part of the country.The unseasonally cold weather caused material to freeze in the process plants piping,which resulted in the loss of at least two months of production,as well as concomitant downward

155、 production revision for 2024.The delay in the start-up of the mine also had an adverse impact on the Companys share price.Heavy rains in PeruProduction at our Cerro Corona mine in Peru was hampered by heavy rains,which compelled the mining of lower grade areas and consequently negatively impacted o

156、perational performance.Lessons learned and continuous revision of operational plansWe are incorporating the impact of potential weather events in our business planning process through statistical modelling,which includes allowances for lost production days to weather events.Management also considere

157、d the impact on supply chain management,including ensuring we have sufficient stock levels during winter seasons,such as additional fuel storage at Gruyere and stock of additional critical components at Salares Norte.We continuously update and refine our operational plans to consider climate-related

158、 risks.We adjusted our modelling based on the assumption that these extreme weather events will occur more frequently than on average once in 100 years.GOLD FIELDS Climate Change and Environment Report 202415Our Gruyere mine in Western Australia,Salares Norte in Chile and Cerro Corona in Peru were a

159、ll impacted by extreme weather during 2024IntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration Asset-based physical risksGold Fields contracted th

160、ird-party specialists to assess the flooding risk;climate change resilience and vulnerability;and performance management of water dams,pits,portals,flood protection levees and general stormwater features at all our operations.We appointed Engineer of Record(EOR)partners in the different jurisdiction

161、s to execute the studies.Part of the assessment was to develop a climate change risk assessment framework that can be applied consistently across operations.This project was designed using a multi-phase approach.Phase 1 includes developing a risk framework,the climate change section of the Tailings

162、Guideline,and a Water Management Structure Design Guideline.Phase 2 includes meteorological baseline studies and climate change assessments for Tarkwa in Ghana and Cerro Corona in Peru.Phase 3 of the project includes meteorological baseline studies and assessments of climate change for Granny Smith(

163、Australia),Gruyere(Australia),Agnew(Australia)and St Ives(Australia),South Deep(South Africa),and Salares Norte(Chile).The climate change assessment was based on climate change models provided in the Intergovernmental Panel on Climate Changes Sixth Assessment Report(AR6)(2021)and provide for four em

164、ission scenarios to produce climate projections until 2100.The results were grouped into three overlapping periods:from 2030 to 2059(the 2040s);from 2050 to 2079(the 2060s);and from 2070 to 2099(the 2080s).The analysis was completed for four Shared Socio-economic Pathways(SSPs),or climate change sce

165、narios,available in peer-reviewed climate change research.The SSP3 SSP7.0 pathway was selected as a“middle-upper”pathway for all sites other than Salares Norte(Chile),where the SSP5 SSP8.5 pathway was selected as the most appropriate pathway.SSP5 SSP8.5 assumes no change in emissions(business-as-usu

166、al)and is predicted toresult in the highest degree of warming.Climate pathway chosen for Gold Fields risk assessmentThe SSP used for Gold Fields risk analysis is SSP3-7.0 titled“A Rocky Road”,which represents high challenges to mitigation and adaptation.Countries prioritise domestic,or at most,regio

167、nal issues over global issues as a result of regional conflicts,increasing nationalism and concerns about competitiveness and security.This domestic prioritisation in relation to national and regional security issues also becomes evident in policies.National energy and food security goals receive gr

168、eater focus over global goals and broader-based development.Budgets for investments in education and technological development are adjusted downward.Economic development is sluggish,consumption is driven by material consumption and inequalities become more pronounced.Industrialised nations have low

169、population growth,while the opposite is evident in developing countries.Lacklustre international concern to address environmental issues results in severe environmental degradation in certain regions.GOLD FIELDS Climate Change and Environment Report 202416Gold Fields has invested into community-base

170、d agriculture projects at its operations in Ghana,Peru and South AfricaIntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration Asset-based physical r

171、isks continuedAsset-specific climate,climate change assessment and physical risksAustraliaGruyere,Granny Smith,St Ives and AgnewClimate classification1 Gruyere:hot desert climate Granny Smith:hot semi-arid and hot desert climate St Ives:hot semi-arid steppe climate Agnew:hot desert climate with temp

172、eratures frequently exceeding 35C and low and erratic rainfallClimate change assessment2The expected mean annual air temperature increase by the 2040s:Gruyere:1.5C I Granny Smith:1.4C I St Ives:1.3C I Agnew:1.4CThe expected mean annual precipitation rate of change(percentage)by the 2040s:Gruyere:-3%

173、I Granny Smith:+1%I St Ives:-3%I Agnew:+2%The expected mean annual evapotranspiration increase by the 2040s:Gruyere:3%I Granny Smith:3%I St Ives:+4%I Agnew:3%DomainRiskDescriptionMitigation actionsOperationalFloodsAdequacy of flood management and storage capacities to protect people and infrastructu

174、re Maintain increased stock levels of critical supplies and parts Integrate long-term modelling into closure planning for appropriate structures Conduct flood modelling assessment for the Keringal borefield expansion Undertake flooding inundation risk assessment study Decreased process waterDecreasi

175、ng availability and quality of process water Conduct routine borefields monitoring,and investigate and expand Mt Morgan borefield Conduct third-party water and borefields LOM water strategy review Implement underground recycling project Temperature increaseIncreased ventilation requirements as mines

176、 move deeper and ambient temperature increases;increased energy consumption to cool workplaces and equipment Participate in the Electric Mine Consortium and its research projects and initiatives,including improved ventilation in our underground operationsExtreme precipitationImpact on TSF stability

177、during periods of extreme precipitation Ensure compliance with the GISTMBushfiresSafety of people and damage to infrastructure and impact on supply Implement weatherzone system and predictive capacityValue chainRestricted access to waterGovernment restricting access to water Assess treatment technol

178、ogiesBroader social and natural environmentSocietal pressuresSocietal pressure to address climate change Ongoing implementation of our Decarbonisation Strategy,which includes a mid-point review against our 2030 targets to be concluded during 2025 Gold Fields adheres to all climate change-related reg

179、ulation and legislation1According to the Kppen-Geiger climate classification,which is a widely used system that categorises the worlds climates based on temperature and precipitation patterns2 The 2040s represent the first time period,ranging from 2030 to 2059GOLD FIELDS Climate Change and Environme

180、nt Report 202417IntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration Asset-based physical risks continuedSouth AfricaSouth DeepClimate classificat

181、ion1 Oceanic subtropical highland climate,with dry and cold winters followed by wet and warm summersClimate change assessment2 Expected mean annual precipitation increase by 1%by the 2040s Expected mean annual air temperature increase by 1.7C by the 2040s Expected mean annual evapotranspiration incr

182、ease by 8%by the 2040sDomainRiskDescriptionOperationalIncreased volume and intensity of precipitationIncrease in intensity and variability of precipitation resulting in unauthorised discharge into the Leeuspruit river Ensure the design of all water dams meet one-in-50-year rainfall event Upgrade Ret

183、urn Water Dam and Cascade DamDroughtsIncreased drought periods reducing on-site water and increasing water demand from public utility,resulting in increased costs and/or render the public utility unable to supply required volumes of water Reducing the use of public utility water through reverse osmo

184、sis plants Implement expansion programme for the Scavenger wells Water Conservation Demand Management Programme,in line with water balanceValue chainDroughtsIncreased drought periods increasing water stress and resulting in electricity supply disruption and/or increase in electricity prices 50MW Kha

185、nyisa solar plant,with ongoing studies for the expansion of renewable electricity supplyBroader social and natural environmentIncreasing temperature and heatwavesIncrease in temperatures and heatwaves resulting in increased water demand by Thusanang,which could result in community volatility and inc

186、reased dependence on South Deep Maintain consistent and transparent engagement with stakeholders including Rand Water local municipalityGhanaTarkwa and DamangClimate classification1 Tropical savanna with West African monsoonClimate change assessment2 Expected mean annual precipitation increase by 2%

187、by the 2040s Expected mean annual evaporation increase by 6%by the 2040s Expected mean annual air temperature increase by 1.9C by the 2040sDomainRiskDescriptionMitigation actionsOperationalExcess waterExcess volumes of water and pit flooding with associated pumping and additional operational costsBa

188、ck-up pumping systems for pit dewateringWeather/climate monitoring programmes,including early warning systems for enhanced mine planningReverse osmosis plant and wetland systems for water treatmentIncreased temperatureIncreased discomfort experienced and risk of heat-related illnessesContinuous empl

189、oyee health checking and education relating to heat stress,malaria and other climate-impacted health issuesHybrid-solar powered air-conditioning units in officesDeteriorating water qualityDecreased quality of water available for processing purposesControlled discharge and land clearance controlsActi

190、ve and passive water treatment systems,including reverse osmosis,clarifiers,wetlands,pit lakes and pondsEffective hazardous materials management systemsValue chainExtreme weather eventsWeather-related delays in transport of materials,critical equipment and sparesIncreased stockpiling of critical spa

191、re parts to avoid operational stoppagesContinuous monitoring of side waterways during rainy seasonBroader social and natural environmentIncreased vulnerabilityIncreased vulnerability of host communities due to impacts of climate change,including increased dependency on Gold Fields for service provis

192、ion and financial support during crisesIncreasing resilience of communities through water and sanitation committees,the Partnership for Sustainable Water,Sanitation and Hygiene(WASH)programme in Damang,and Small Town Water Supply Systems for host communitiesContinued community malaria treatment prog

193、rammesYouth horticulture education and community-based horticulture programmes1 According to the KppenGeiger climate classification,which is a widely used system that categorises the worlds climates based on temperature and precipitation patterns2 The 2040s represent the first time period,ranging fr

194、om 2030 to 2059GOLD FIELDS Climate Change and Environment Report 202418IntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration Asset-based physical r

195、isks continuedChileSalares NorteClimate classification1 Tundra climate,with high elevation and scarce or zero precipitation and low temperatures throughout the yearClimate change assessment2 Expected mean annual air temperature to increase by 2.4C by the 2040s Expected mean annual precipitation to d

196、ecrease by 16%by the 2040s Expected mean annual evapotranspiration to increase by 13%by the 2040sDomainRiskDescriptionMitigation actionsOperationalSnowmeltIncreased variability of snowmelt that affects the availability of water for operational use Establish contour channels to ensure water remains u

197、ncontaminated Build trenches and ponds to increase storage capacity for process waterBroader social and natural environmentContaminationContamination of groundwater or land as a result of seepage from the ore stockpile,TSF or waste storage facility(WSF)Tailings drainage and water collection system W

198、ater quality monitoringImpact on the Salar Grande(vegetation and lagoon systems)Potential impact on the Salar Grande due to operational water extraction Regular monitoring of the vegetation and lagoon systems in the Salares Norte salt flatPeruCerro CoronaClimate classification1 The site straddles bo

199、th temperate oceanic climate and tundra,and is classified as a cold-summer MediterraneanclimateClimate change assessment2 Expected mean annual precipitation increase by up to 7%by the 2040s Expected mean annual air temperature increase by 1.5C by the 2040s Expected mean annual evapotranspiration inc

200、rease by 6%by the 2040sDomainRiskDescriptionMitigation actionsOperationalExtreme precipitation Pit flooding due to extreme precipitation Enhancing pit dewatering system,including additional pumping lines and back-up equipmentWater discharge from TSF due to overtopping in case of extreme precipitatio

201、n Implementing GISTM,including personnel training and real-time water level monitoring at TSF pondBroader social and natural environmentSocial demandsSocial demands related to water quality and quantity Implementing water projects with the local authorities and communities Compliance with commitment

202、s of water licences1 According to the Kppen-Geiger climate classification,which is a widely used system that categorises the worlds climates based on temperature and precipitation patterns2 The 2040s represent the first time period,ranging from 2030 to 2059GOLD FIELDS Climate Change and Environment

203、Report 202419IntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration Country-based transition risksThe shift towards a lower-carbon economy brings ab

204、out climate change transition risks impacted by regulatory changes,market and consumer preference swings,technological advancements,and societal pressures aimed at mitigating climate change.These risks can manifest in various forms,including increased costs related to carbon pricing or emissions reg

205、ulations,disruptions due to the adoption of new technologies or energy sources,reputational damage from failing to meet sustainability expectations,and the physical impacts of climate change itself.It is crucial for Gold Fields to keep abreast of and address these transition risks as they affect not

206、 only compliance with evolving regulations but also long-term strategic planning and stakeholder engagement across the Companys diverse geographical operations.In this context,climate change transition risks are particularly important to monitor on a country basis,where each country presents its own

207、 unique set of challenges and opportunities in response to the global shift toward a more sustainable future.Key legislationPolicy and regulationsCarbon taxNationally Determined ContributionsClimate reportingGold Fields responseAustralia Renewable Energy(Electricity)Act,2000 Climate Change Act,2022

208、National Greenhouse and Energy Reporting Act,2007 Emission Reduction Fund and Safeguard Mechanism,2014 Climate Solutions Package,2019 National Hydrogen Strategy,2019 No explicit carbon tax,but the Emission Reduction Fund and Safeguard Mechanism acts as a pricing scheme,whereby facilities emitting GH

209、Gs above their baseline have to offset these excess emissions Target of net-zero emissions by2050 Reduce emissions by 43%below 2005 levels by 2030 Mandatory climate reporting from 1January 2025:Australian Sustainability Reporting Standards Treasury Laws Amendment(Financial Market Infrastructure and

210、Other Measures)Act Broadly aligned with IFRS S1 and S2 standards Continued implementing renewable energy at all fourmines Conducted studies on alternative forms of material movement and diesel-electric vehicle trials Participated in Electric Mine Consortium Granny Smith gas power plant earns annual

211、carbon credits from the Australian Emissions Reduction FundSouth Africa Carbon Tax Act,2019 Climate Change Act,2024 National Climate Change Adaptation Strategy,2020 Draft Sectoral Emission Targets that form part of the Nationally Determined Contribution obligations,and includes the mining sector Pha

212、se 1(2019 2025)applicable to Scope 1 emissions,with no liability to date.R159/t CO2e applies to entities that breach the 100kt threshold Phase 2(2026 2030)expanded to include indirect emission Pass-through tax on cement Fixed-level target range of 398MtCO2e 510Mt CO2e reductions by 2025;350Mt CO2e 4

213、20Mt CO2e reductions by 2030 National GHG Emissions Reporting Regulations No formal adoption of the IFRS S1 and S2 standards Voluntary JSE Climate-related disclosure Electrifying our mining fleet remains a strategic objective to reduce Scope 1 emissions.In the interim,we continue managing diesel usa

214、ge Annually improve performance through energy efficiency in line with ISO 50001 Efforts to increase renewable energy to power our operations will reduce our dependency on carbon-intensive Eskom supplyGhana Renewable Energy Act,2011 National Climate Change Policy,2013 National Adaptation Plan Framew

215、ork,2018 Ghana Renewable Energy Master Plan,2019 Ghanas Framework on International Carbon Markets and Non-market Approaches,2022 Renewable Energy Purchase Obligation Policy,to be implemented in 2026 Emissions Levy Bill,2023.When the Bill is assented by the President,the Carbon Dioxide Emission Tax f

216、or motorcycles and tricycles will be GH75 per year,while motor vehicles,buses and coaches up to 3,000cc will pay GH150 per year.Cargo cars and articulated trucks will pay GH300 per year Fixed-level target range of 8.5MtCO2e to 16.7Mt CO2e reduction by 2025 and 24.6Mt CO2e to 39.4MtCO2e reduction by

217、2030 No current mandatory climate reporting Institute of Chartered Accountants,Ghana adopted the IFRS S1 and S2 standards and published a roadmap for phased adoption Phase 2 includes mandatory adoption from January 2028 Tarkwa signed a purchase agreement(PPA)in August 2024 for renewable energy suppl

218、y.Renewables accounted 3.4%of Tarkwas 2024 electricity consumption.Tarkwa upgraded to combined cycle gas turbines at its Genser Power Plant Started exploring nature-based climate solutions in 2023 by conducting a carbon stock assessment Collaborated with a local university to establish a 13.75ha arb

219、oretum as part of its community initiative and climate adaptation GOLD FIELDS Climate Change and Environment Report 202420IntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking stat

220、ementsGlossaryAdministration Country-based transition risks continuedKey legislationPolicy and regulationsCarbon taxNDCsClimate reportingGold Fields responseChile Promotion of expansion of energy matrix through unconventional renewable energies 2008 Green tax on fixed sources of pollutants,including

221、 CO2(Law 20.780,2014)Framework Law on Climate Change,2022 National Green Hydrogen Strategy,2020 Long-term Climate Strategy,2021 Sectoral mitigation and adaptation plans Green tax reform,2023 Carbon tax of US$5/t CO2e will apply to entities that emit 2,500t CO2e and/or 100t of particulate matter from

222、 combustion processes Carbon neutrality by 2050 GHG emissions that do not exceed 1,100Mt CO2e between 2020 and 2030,with a peak by 2025 and a limit of 95Mt CO2e by 2030 The Chilean Financial Market Commission adopted the IFRS S1 and S2 standards,with mandatory reporting effective from 1 January 2026

223、 Solar plant feasibility study planned for 2026Peru Framework Law on Climate Change,2018(Law No.30754),and regulations,2019 Energy Efficiency Act,2000(Law No.27345)and regulations,2007 National Climate Change strategy,2015 National Strategy on Forests and Climate Change,2016 Voluntary carbon footpri

224、nt reporting Pollutants Release and Transfer Register,2021 National Plan for Adaptation to Climate Change to 2030 and 2050,2021 No explicit carbon tax Fixed-level target range of 208.8MtCO2e(unconditional),based on 30%reduction and 179.0Mt CO2e(conditional),based on 40%reduction by 2030 No current c

225、ompulsory climate-related reporting No formal adoption of the IFRSS1 and S2 standards Procured renewable energy from nationalgrid Hydropower allocation classified as renewable energy by the international REC Standard Updated TSF closure design based on climate change projections for Cerro CoronaCana

226、da,Qubec Environment Quality Act Regulation respecting a cap-and-trade system for GHG emission allowances(SPEDE)Regulation respecting mandatory reporting of certain emissions of contaminants into the atmosphere(RDOCECA)Canadian Environmental Protection Act:National Pollutant Release Inventory(NPRI)E

227、nergy Policy 2030 2030 Green Economy Plan Carbon price started at CAD10/t CO2e in 2013,set to rise annually to CAD50/tCO2e CAD60/t CO2e by 2030 There is no official estimate for the price in Qubec in the longterm Reduction of 37.5%below 1990 levels by 2030 Achieve carbon neutrality by 2050 Qubec fol

228、lows the guidelines and standards of the Canadian Sustainability Standards Board and Financial Markets Authority adopted the IFRS S1 and S2 standards Access to main-grid hydro power under development Thermal insulation and related energy efficiencies incorporated into infrastructure design We are no

229、t subject to the cap-and-trade system Reported certain emissions of contaminants into the atmosphere in line with RDOCECA Report to the NPRI programme Developing a climate change strategy,along with defined actionsGOLD FIELDS Climate Change and Environment Report 202421IntroductionGovernanceResilien

230、ce to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration GOLD FIELDS Climate Change and Environment Report 202422Gold Fields Decarbonisation Strategy23Electricity mix26Towards a ze

231、ro-emissions mining fleet:decarbonising material transport27Scope 3:Decarbonising our supply chain28In this sectionOur Decarbonisation Strategy and roadmapEmployee at our Cerro Corona mine in Peru,the mines processing plant and tailings storage facilityIntroductionGovernanceResilience to climate cha

232、ngeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration Gold Fields Decarbonisation StrategyGold Fields is committed to achieving net-zero carbon emissions by 2050 in line with the goals of the Pa

233、ris Agreement.Our target-driven Decarbonisation Strategy is structured around a framework that prioritises energy resilience and cost-effective reduction in emissions while optimising operational efficiency and maintaining business sustainability.Applying a commercial lens has been critical since Go

234、ld Fields formally launched its first Decarbonisation Strategy in 2016.We have systematically integrated renewable energy solutions,process efficiencies and technology-driven abatement strategies to reduce our carbon footprint while maintaining production growth.While 2024 was a lower production yea

235、r with gold output declining,against our 2016 baseline,we have to date achieved a 4%reduction in Scope 1 and 2 emissions,while mining 5%more tonnes over the same period.The reductions are attributed to the renewable energy investments at five of our nine operations,the use of hydroelectricity at Cer

236、ro Corona,as well as a range of energy efficiency projects at all our operations(p34).Gold Fields emission targets30%reduction in Scope 1 and 2 by 2030 from a 2016 base year,and 50%absolute reduction by 203010%net reduction in Scope 3 by 2030 from a 2022 base yearScope 1 and 2 emissions performanceI

237、n 2023,we also added a Scope 3 emission reduction target against a 2022 baseline,and are engaging withour key suppliers to achieve a 10%reduction over the next seven years(refer to p33 on our progress in2024).Strategic priorities and portfolio approachWe have a portfolio-based view of our decarbonis

238、ation efforts,critically assessing where the greatest opportunities lie to enhance operational flexibility and energy security and meet our carbon reduction priorities.This ensures capital resources are allocated efficiently while balancing the financial and operational benefits across our portfolio

239、.South Deep and St Ives remain pivotal in this strategy,and our investments in renewables at these operations are intended to ensure a supply of cost-effective energy thereby creating long-term energy resilience as well as significant emissions reductions.To date,our techno-economic feasibility asse

240、ssments have indicated that the following will be critical components in our decarbonisation journey:Renewable energy expansion:Gold Fields continues to integrate renewable energy sources across our operations.We implement solar,wind and hybrid energy solutions based on operation-specific technical

241、and financial evaluations,ensuring grid stability and optimised returns.We have increased the share of renewables in our energy mix from 3%in 2020 to 18%in 2024,with further expansions planned.Execution timeframes are aligned with projected cost trends and supply chain assumptions Electrification of

242、 material movement and operations:Transitioning from diesel-powered equipment to electrified alternatives is a key component of the Groups efforts to reduce emissions.We are advancing the concepts of electric and hybrid mining fleets and energy-efficient technologies to lower Scope 1 emissions while

243、 maintaining cost efficiency.Assumptions regarding battery storage costs,charging infrastructure readiness and equipment availability are central to our decarbonisation planning.We are undertaking ongoing trials and phased implementation of electric vehicles at key sites,and continuously assess risk

244、s related to infrastructure constraints and technology readiness.At the same time,we have commenced studies on material handling systems at St Ives and Granny Smith,with the aim of reducing transport via our diesel-powered fleet Energy efficiency and process optimisation:We are implementing process

245、efficiency improvements to reduce overall energy intensity.These include automated systems,heat recovery and optimised ventilation and processing methods,evaluated based on cost-benefit analyses to ensure measurable impact on operational performance and emissions reduction Decarbonisation technologi

246、es:We have initiated a mid-point review of our 2030 targets,which will be concluded in 2025.As part of this review,Gold Fields is studying emerging decarbonisation technologies,assessing their maturity,scalability and emissions reduction potential as a watching brief on the types of technologies tha

247、t may be implemented in the 2035 time horizon or beyond as we target net zero by 2050 GOLD FIELDS Climate Change and Environment Report 202423IntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and

248、forward-looking statementsGlossaryAdministration Gold Fields Decarbonisation Strategy continuedProject executionThe Groups Decarbonisation Strategy originally included 26 projects,six technical trials and seven feasibility studies.As we finalise the mid-point review towards H2 2025,we will review ou

249、r project portfolio to align capital prioritisation to high-impact,strong techno-economic options.The infographic below indicates how Gold Fields plans to reduce its Scope 1 and 2 carbon emissions by a net 30%,from 1,693kt CO2e in 2016(our baseline year)to 1,185kt CO2e by 2030.Assuming further gold

250、production growth by 2030,the emissions reduction required may well be an absolute 50%over that period.Approximately 50%of targeted emission reductions are expected to come from renewable energy,with the remainder achieved through electrification,efficiency enhancements and transitionary abatement m

251、easures.We continuously review execution risks and feasibility assessments to ensure alignment with the Groups broader 2030 plan.The two largest renewables projects in our portfolio to date are the R715m(US$46m)South Deep 50MW Khanyisa solar plant,which was commissioned in early 2023,and the A$296m(

252、US$195m)St Ives renewables project in Western Australia,which is currently under construction.Both projects are critical in our efforts to decarbonise our operations and are profiled on p25.Additional renewables deployment at other mines and the ongoing focus on energy efficiency will account for th

253、e bulk of the emission reductions achieved by 2030.The source of the remaining contributions will be determined through the ongoing mid-point review,described earlier,expected to be a combination of further renewables,energy efficiency and electrified(instead of fossil fuel powered)materials movemen

254、t technologies.By maintaining a dynamic,capital and data-driven approach to decarbonisation,Gold Fields ensures its sustainability commitments are met while preserving operational resilience and financial viability.2030 decarbonisation trajectory(kt CO2e)GOLD FIELDS Climate Change and Environment Re

255、port 202424IntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration Gold Fields Decarbonisation Strategy continuedGOLD FIELDS Climate Change and Envir

256、onment Report 202425Investing in solar at South DeepAt South Deep,the investment in the 50MW Khanyisa solar plant,commissioned in September 2022 at a cost of R715m(US$46m),offers substantive capital efficiency gains and energy resilience,including the following benefits:A reduction of carbon-intensi

257、ve electricity,with approximately 12%of coal-fired electricity having been substituted by solar electricity since commissioning The emission savings over the period have been 178kt CO2e Reduced baseload,thereby assisting South Deep to meet its requirements when requested to curtail electricity usage

258、.South Deep was last requested to implement load-curtailment in March 2024 Given the sharply escalating electricity tariffs over the period,the solar energy investment has resulted in savings of approximately R350m(US$19m),to date.The payoff period for the project is approximately four years,or quic

259、ker depending on the Eskom tariff rises over the next two yearsAs we consider further investments in renewables at South Deep either via wind turbines or expansion of our solar plant these benefits will be even more pronounced over the 85-year LOM.Our investment offers a significant lever for the Gr

260、oup in meeting our 2030 decarbonisation target due to the high intensity of the South African grids coal-based emissions.Constructing a solar and wind microgrid at St IvesIn February 2024,we announced the landmark A$296m(US$195m)St Ives renewables project in Australia,Gold Fieldss largest renewables

261、 project to date.Consisting of a 35MW solar farm and 42MW wind farm,it will provide more than 70%of the mines electricity.The plant is currently under construction and is expected to be online in Q1 2026.When in full operation,the renewable energy project is expected to deliver an annual reduction o

262、f 93kt CO2e,reducing the Groups future Scope 1 and 2 emissions by approximately 6%a year and a cumulative 50%by 2030.The project is set to be commissioned in 2026 and is anticipated to reduce electricity costs to a third of the previously projected costs for St Ives.As importantly,the investment in

263、renewables comes at a time when we are looking at options of electrifying our material movement at the operation,for example via a conveyor system,which could then be powered by cheaper and cleaner energy.The 50MW Khanyisa solar plant at South DeepArtist impression of the St Ives renewables projectI

264、ntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration Electricity mixEmissions from generating and purchasing electricity accounted for two-thirds o

265、f our Scope 1 and 2 emissions in 2024.Our decarbonisation plan focuses on reducing these emissions by moving towards low-carbon and renewable electricity.In the table below,we set out the electricity mix as at end-December of the nine operating mines under our management control,as well as the Windf

266、all project in Canada.Gruyere Granny SmithSt IvesAgnewSouth DeepTotal electric energy:1,043TJTotal electric energy:649TJTotal electric energy:801TJTotal electric energy:499TJTotal electric energy:1,816TJEnergy mix:48MW gas 12MW solar 4.4MW battery energy storage system(BESS)Energy mix:33MW gas 8MW s

267、olar 2MW/1MWh BESS Energy mix:Electricity grid 100%gasEnergy mix:22MW gas4MW solar 18MW wind 13MW/4MWh BESS Energy mix:50MW solar 48MW electricity gridFuture:Prefeasibility on additional renewable electricity conducted(currently being evaluated)Future:Additional 11MW solar and 9MW BESS,to be complet

268、ed in 2025 Power PPAs to be expanded to replace gas Study on possible wind farmFuture:35MW solar and 42MW wind(under construction with completion due in 2026)Grid-firming PPA will commence in 2025 132/33kV RE Hub collector substationFuture:PPAs to be expanded to offset gasFuture:Wind,solar and batte

269、ry power scoping study underway Strong focus on solar expansion as major area for decarbonisation Approval for 40MW wind and additional 30MW solar grantedCerro CoronaTarkwaDamangSalares NorteWindfall projectTotal electric energy:553TJTotal electric energy:1,285TJTotal electric energy:505TJTotal elec

270、tric energy:ramp-up ongoing Total electric energy:Transmission line operational as at January 2024Energy mix:100%renewable electricity since 2022 through PPA/IRECEnergy mix:55MW gas 1MW renewable PPA 100kW solar at officeEnergy mix:27.5MW gas 15MW diesel Energy mix:17MW dieselEnergy mix:100%renewabl

271、e electricity through PPAs1Future:5MW PPA 1.5MW solar(Tarkwa Mine Village)Future:Focus on efficiency Renewable projects dependent on mine-life extensionFuture:2MW solar study in 2026 Waste energy recovery from primary diesel power plant under reviewGOLD FIELDS Climate Change and Environment Report 2

272、024261 Due to grid constraints,particularly during winter,diesel-generated electricity is sometimes required to supplement the total renewable energy purchased at WindfallIntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assur

273、anceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration Towards a zero-emissions mining fleet:decarbonising material transportReducing emissions from diesel-powered equipmentDiesel-powered equipment particularly our mining vehicle fleet accounts for approximately one-third ofth

274、e Groups Scope 1 and 2 GHG emissions.To address this,we continue implementing several decarbonisation programmes targeting the movement of mining material and waste.We have a 2030 goal ofreducing diesel usage at our mines by approximately 20%.As part of our efforts,we are trialling battery electric

275、vehicles(BEVs)and hybrid vehicles at various sites in partnership with original equipment manufacturers(OEMs).These trials aim to lower emissions,enhance productivity,reduce operating costs,improve vehicle safety and minimise diesel particulates.To date,trials have shown that material movement-relat

276、ed emission reduction technologies have not matured as expected or have proven technically unviable inthe current operating context.Progress and challenges in electrificationThe trials conducted to date have provided valuable insights into the capabilities and limitations of current technologies.For

277、 example,underground BEV trials at St Ives in 2024 included loaders;load,haul,dump machines;and tool carriers,but results revealed limited decarbonisation benefits,variable production performance and low vehicle reliability.Additionally,the trials demonstrated that battery capacity(energy density)co

278、nstrained functionality and performance particularly in mines with inclines,which drain batteries quickly.Desktop studies also highlighted the need for significant redesigns of assets or postponing electrification plans until battery technologies mature.The current pilot studies are still ongoing.We

279、 deployed three Caterpillar diesel-electric loaders in Australia at Granny Smith and Agnew which are in production on-site and performing well at an average of 35%lower fuel burn.Furthermore,battery technologies currently require significant advancements in energy density and reliability to effectiv

280、ely replace diesel fleets.These challenges are compounded by the need for upgraded power supply networks and additional renewable energy to support electrified fleets.For instance,initial modelling indicated that electrifying material handling systems in open pits would require a 33%increase in flee

281、t size and doubling of renewable-powered energy supplies to the mine.Collaborations driving industry transformationGold Fields participates in the ICMMs ICSV and continues to leverage partnerships with OEMs and business partners to explore and trial emerging technologies.The ICSVs ongoing open-pit b

282、attery truck trials with Caterpillar include“learning sites”to understand fleet design,operational needs and renewable energy integration.Gold Fields involvement in these initiatives underscored the necessity of combining trolley,static and dynamic charging infrastructure to achieve operational feas

283、ibility.Additional testing of battery technologies continues at our Australian assets,leveraging their renewable energy availability for future technologies.These could include innovations like a railveyor at Granny Smith,material movement conveyors at St Ives,both of which we are currently studying

284、 as options,as well as next-generation battery vehicles across St Ives,Agnew and Granny Smith.These trials aim to address current limitations and identify practical solutions for Scope 1 decarbonisation.Furthermore,Gold Fields is investigating alternative material movement methods and fuel switching

285、 opportunities,such as the continuing partnership with Epiroc in the development of the MT66 E-Drive,proof of concept diesel-electric underground haul truck,expected to be piloted underground at Granny Smith late 2025.Commitment to a net-zero futureDespite challenges,Gold Fields remains committed to

286、 achieving net-zero emissions by 2050.The initiatives we propose to take to meet our 2030 targets,which have been updated since last year,include initiatives to mature Scope 1 technologies,disrupt renewable modular power storage and generation,and address supply chain and raw material constraints.Su

287、ccessful deployment will also depend on operational readiness,social license and integration into business and economic models.By continuing collaboration and testing innovative solutions,we aim to drive progress toward cleaner,safer and more sustainable mining operations.GOLD FIELDS Climate Change

288、and Environment Report 202427The mining industry is looking at gradually replacing diesel equipment such as these at our Tarkwa mineIntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-lo

289、oking statementsGlossaryAdministrationScope 3:Decarbonising our supply chainReducing Scope 3 emissions remains a critical component of our decarbonisation journey towards net zero by 2050.While Scope 1 and 2 emissions are under our direct control,managing and measuring Scope 3 emissions,primarily ge

290、nerated in our supply chain,requires collaboration with our suppliers upstream and our customers downstream.Given the maturity in accounting for Scope 3 emissions as compared to Scope 1 and 2,we used 2022 as a baseline year against which we set a target of 10%net reductions by 2030.In 2023,we restat

291、ed our baseline in accordance with the methodologies of the GHG Protocol,ICMM and WGC.In doing this,our baseline increased due to the improved accuracy of measuring and reporting methodologies applied,supplier-specific information and updated emissions factors and exponential development of industry

292、 standards and norms.In 2024,we moved towards quarterly Scope 3 reporting,where we previously reported annually.Our Scope 3 emissions baseline was 980kt CO2e in 2022,with a target of 885kt CO2e by 2030.The equivalent carbon intensity target is a reduction from 346kg CO2e/oz in 2022 to 314kg CO2e/oz

293、in 2030.In2024,Scope 3 emissions totalled 823 ktCO2eRA,declining 13%from the 2023 level,which included emissions from our 45%shareholding in Asanko,which we sold in March 2024.The decrease was driven primarily by the sale of Asanko,lower activity and lower spend-based emissions factors.Emissions int

294、ensity increased 2%to 366kg CO2e/oz(including Asanko).Although we met our 2030 target by 2024,acquisitions and increased emissions factors could detract from these gains in years ahead.Sustained low emissions are required to confirm the trend.In accordance with the ICMMs Scope 3 Target-setting Frame

295、work,and together with our country decarbonisation and procurement leads,we identified different emission hotspot categories and their key suppliers,products or services.Hotspot categories are those that have the largest impact on emissions in our supply chain.Gold Fields most significant upstream c

296、ontributors are purchased goods and services,made up largely of suppliers of fuels,mining services,cement and explosives.It is critical that we collaborate with our suppliers to ensure they successfully implement their decarbonisationinitiatives,which will enable the Group to sustainably meet our Sc

297、ope 3 emissions reduction target.GoldFields supplier engagement will focus on the material upstream contributors which represent 70%of our Scope 3 emissions,to target the emissions hotspots and collaboratively reduce emissions.Pathway to 10%Scope 3 reduction by 2030The ICMMs Scope 3 Target-setting F

298、rameworkThe ICMM published a Scope 3 Target-setting Framework in December 2023 to assist member companies to set impactful short,medium and long-term Scope 3 emissions reduction targets.The guidance includes a maturity framework that outlines five dimensions for determining Scope 3 targets:accountin

299、g and reporting;identifying emissions hotspots;business integration and alignment;assessing decarbonisation pathways;and organisational governance.These dimensions guide a four-stage maturity process for continual improvement.The Foundation State initiates groundwork,while the Consistency State invo

300、lves multiple rounds of reporting and action on emissions reductions.In the Refinement State,knowledge is honed with improved implementation and reporting,leading to the Evolved State,where high-quality,credible data and reporting are consistently provided,drawing from refined targets and decarbonis

301、ation plans.Gold Fields conducted a self-assessment against this framework and concluded that its accounting and reporting processes were in the Refinement State,its identification of hotspots in the Foundation State,its business integration and alignment in the Consistency State,its assessment of d

302、ecarbonisation pathways in the Foundation State,and its governance in the Refinement State.Overall,Gold Fields demonstrates progress across various stages of maturity in addressing Scope 3 emissions,as shown in the table below.Guidance dimensionFoundation StateConsistency StateRefinement StateEvolve

303、d StateAccounting and reportingRefined accounting and improved data qualityIdentification of hot-spots/material sources of Scope 3 emissions per categoryEmission hotspots identified,data addressedBusiness integration and alignment Engagement strategies enhance Scope 3 understandingAssessment of deca

304、rbonisation pathwaysExploring pathways to reduce emissionsGovernanceScope 3 targets,third-party review,executive oversightFor more detail on the framework,click here.GOLD FIELDS Climate Change and Environment Report 202428IntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy

305、 and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration GOLD FIELDS Climate Change and Environment Report 202429Overview30Nature31Energy and carbon management32Water stewardship35Integrated mine closure40Tailings storage facili

306、ty management41In this sectionEnvironmental performanceGold Fields environmental stewardship spans a commitment to sound climate change,biodiversity and tailings managementIntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assu

307、ranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration OverviewDeliver positive social and environmental impactsSound environmental stewardship is integral to building on Gold Fields commitment to responsible mining,and forms a significant part of our sustainability efforts.W

308、e will not be able to provide sustainable value to our stakeholders if we do not take care of the natural environment in which we operate.We purposefully strive to minimise the negative impact of our operations on both our host communities and the natural environment and create lasting positive bene

309、fit to our host communities,beyond mining.We are guided by our climate change and environment governance,comprising an integrated combination of clear ethical leadership,strong sustainability capabilities and skills across Board and management level,management policies,processes and systems,and metr

310、ics and targets with performance monitoring and reporting,all of which is enabled through appropriate capital allocation.Our active membership in the WGC and the ICMM combined with our voluntary compliance with international best practice standards like ISO14001,the International Cyanide Management

311、Code(ICMC),and reporting standards like CDP position us well to be a preferred partner to our stakeholders.As at 31 December 2024,all Gold Fields operations that use cyanide were fully certified to the ICMC.Subsequent to year-end,St Ives certification was reduced to substantial certification.The ope

312、ration is implementing a corrective action plan due for completion in May2025.Environmental incidentsGold Fields has not recorded any serious environmental incidents1(Level 3 5)for almost a decade.We have also not experienced any major environmental incidents resulting in major breaches of conforman

313、ce or compliance to relevant legislation and regulations for the same period.During the year,18 localised minor incidents across the Group were reported(2023:8),categorised as Level 2 incidents,bringing the total Level 2 5 incidents to 18RA in 2024.The majority of Level 2 incidents relate to loss of

314、 containment,inline with reporting over the last five years.A common thread across many incidents was improved reporting as well as change management,with employee turnover at several operations impacting continuity.All incidents have been investigated and closed out.An initiative to further improve

315、 our environmental and social risk management maturity was included in the 2025 business plan.This initiative aims to reduce the number and severity of incidents through ensuring that environmental and social risks are identified,understood and effectively controlled.GOLD FIELDS Climate Change and E

316、nvironment Report 202430Our Cerro Corona team in Peru is committed to sound water stewardship1 Drawing from the guidance provided by the ICMM in relation to environmental and social performance,incidents are classified according to type and severity.Level 2 incidents are localised with a small but m

317、easurable impact on the environment,butwith no long-term effects.A Level 3 incident results in limited non-conformance or non-compliance,with ongoing but limited environmental impact.Level 4 and 5 incidents include major non-conformances or non-compliances,which could result in long-term environment

318、al harmGroup environment incidentsIntroductionGovernanceResilience to climate changeOur Decarbonisation Strategy and roadmapEnvironmental performanceData and assuranceTCFD IndexDisclaimer and forward-looking statementsGlossaryAdministration NatureThe resilience of nature is crucial not only for the

319、continued functioning of ecosystems,but also the future prosperity and security of societies.Equally,the flow of ecosystem services essential for business operations is closely connected to companies ability to mitigate and adapt to climate change.Nature loss is a critical global risk,threatening th

320、e survival,health,wellbeing and livelihoods of people,ecosystems and the global economy.Therefore,companies need to consider the realms of nature because nature-related risks and opportunities can significantly impact the ability to achieve its strategic objectives.What is nature?The four physical r

321、ealms of nature are land,ocean,freshwater and atmosphere comprising the major components of the natural world that differ fundamentally in their organisation and function.Each realm,interconnected to each other and broader society,provides a distinct environment and plays a unique role inthe biosphe

322、re and its biodiversity(which relates to the diversity of life on Earth).Terrestrial ecosystems,soils and forests,which support biodiversity and carbon sequestration,make up the land realm.The impact on these ecosystems is managed through our mine closure processes and tailings stewardship.Climate p

323、atterns,air quality and weather systems are regulated by the atmosphere.Our energy management,guided by ISO 50001 certification,is a key aspect of our Decarbonisation Strategy,and includes energy efficiency initiatives and techno-economic renewable electricity projects.We furthermore are continually

324、 enhancing our Scope 3 decarbonisation through targeted asset-based supplier engagements.The freshwater realm comprises rivers,wetlands and other groundwater systems,which are vital for regulating water availability,quality,and ecosystem integrity.Water is essential throughout our business lifecycle

325、,from exploration to closure.Our water stewardship strategy and asset-specific tactical plans address critical factors such as water availability,quality and stakeholder usage within our operational catchments,ensuring responsible and sustainable water management.Nature baseline risk assessmentsIn 2

326、024,we commenced with internal nature baseline risk assessments to identify the nature risks associated with ourindividual assets.These assessments include an array of aspects,including biodiversity importance,ecosystem integrity,invasive and pest species,as well as water.These assessments will be f

327、urther refined in 2025 and relevant management practices,opportunities and further studies will be undertaken as part of our sustainable development and environment commitments.Chinchilla capture and relocation project at Salares Norte,Chile The conservation of the endangered short-tailed chinchilla

328、s at our Salares Norte mine in Chile has made significant progress following the completion of the capture and relocation programme at Rockery 3.The relocation of the chinchillas was paused in Q3 2024 when an urgent and transitional measure was issued by Chiles Superintendence of Environment.The pro

329、gramme was recommenced in October 2024 after further improvements were made to ensure administrative compliance.As at mid-March 2025,three chinchillas have been successfully relocated to a designated conservation area.This enabled the mine to dismantle Rockery 3 which is a designated site for future

330、 waste depositions.Our teams continue to enhance reporting to the environmental authorities,including live feeds from camera sensors,to ensure transparent communications and maintain compliance.We are working with the leading chinchilla experts in Chile and small mammal experts from elsewhere to ali

331、gn our programme with the latest scientific information on chinchilla behaviour and biology.Additionally,our work with these experts is generating new data and information,which is expected to be published in the scientific literature in the near future.We remain committed to refining the programme,

332、balancing operational progress with environmental stewardship and ensuring full alignment with regulatory and conservation standards.White-striped freetail bats at Agnew,AustraliaAgnew commissioned its hybrid renewable microgrid during 2020.which comprised five 110-meter wind turbines each with a ro

333、tor diameter of 140 meters delivering 18MW,as well as a 4MW solar farm,a 13MW/4MWh battery system and an off-grid 25MW gas/diesel engine power plant.However,increased rainfall early in 2024 significantly increased the presence and activity of white-striped freetail bats at the asset.Bat mortalities were identified within the mines wind turbine area.We initiated a monitoring programme and engaged a