GROUP
SUPPLEMENTARY INFORMATION 2023
SIBANYE-STILLWATER'S ICMM SELF-ASSESSMENT
FOR THE YEAR THAT ENDED 31 DECEMBER 2023
The ICMM (International Council on Mining and Metals) is an industry body that plays a global leadership role in sustainable development. Its membership includes one third of the global metals and mining industry. The ICMM is dedicated to leadership, action and innovation for a safe, just and sustainable world. Membership of the ICMM entails an active role in building a safer and more sustainable mining and metals industry.
Sibanye-Stillwater joined as an ICMM member in February 2020.
The ICMM has five subject matters as part of its Assurance and Validation Procedure to confirm members are implementing their mining principles and performance expectations (PEs).
Subject matter 1: A description of how the company has aligned its policies, management standards, and procedures with the ICMM Principles and relevant PEs, and any mandatory requirements set out in ICMM Position Statements.
Subject matter 2: Document the review process of sustainability risks and opportunities, taking stakeholder expectations into account. The company's material sustainability risks
and opportunities based on its own review of the business and the views and expectations of its stakeholders (in line with Global Reporting Index, GRI, requirements).
Subject matter 3: Provide detail about systems and approaches in managing risks and opportunities. Member companies can choose a specific risk; ours is managing workplace safety.
Subject matter 4: Reported performance (during the reporting period) for the identified risk (workplace safety).
Subject matter 5: Disclosures regarding the company's prioritisation process for selecting which assets to put forward for third-party PE validation, an ICMM requirement.
Our response to the Assurance and Validation Procedure's subject matters:
Subject matter 1: We have updated our policies and position statements for the Group as per the ICMM requirements. These can be viewed at www.sibanyestillwater.com/sustainability/ reports-policies/.
Subject matter 2: We include a table for "accountability, governance, and assurance" in each chapter of the performance section of our Integrated report. We also conducted a materiality workshop to determine material matters, which takes into account stakeholder expectations and includes independent consultants. See Our material matters, page 3, and 287-288.
Subject matter 3: Our risk process takes the ICMM's Mining Principles into account, and
is explained in Managing our risks and opportunities within the external operating environment, page 51. Other sustainability-relatedrisk discussions are included in, Continuous safe production, page 125, Health, wellbeing and occupational hygiene, page 136, Socioeconomic development, page 213, and Minimising our environmental impact, page 186, amongst others.
Subject matter 4: Refer to the KPMG assurance statement, page 285, on the related performance indicators that have been assured.
Subject matter 5: Sibanye-Stillwater's production split is the main factor for determining the Group's prioritisation for selecting appropriate assets to be third-party PE validated. Further to this, our Southern African operations account for the majority of ounces produced and account for most of the workforce employed. The SA region concluded its self-assessment and third-party validations in a previous reporting cycle; the US region completed its self-assessment and third- party validation in this reporting cycle. We will stagger self-assessment/third-party validation for newly acquired operations over the next two years.
1
GROUP
SUPPLEMENTARY INFORMATION 2023
Below is a summary of our corporate and asset level performance against the ICMM Principles and performance expectations:
Meets | Partially meets | N/A | ||||||||||||
Assessment summary | ||||||||||||||
Principle 1: Apply ethical business practices and sound systems of corporate governance and transparency to support sustainable development | ||||||||||||||
Corporate | EU | AUS | Comments and reference to the Integrated report, 2023 | |||||||||||
Performance expectations | SA PGM | SA gold | US PGM | |||||||||||
2
GROUP
SUPPLEMENTARY INFORMATION 2023
Meets | Partially meets | N/A | |||||||||||
Assessment summary | |||||||||||||
Principle 1: Apply ethical business practices and sound systems of corporate governance and transparency to support sustainable development continued | |||||||||||||
Corporate | EU | AUS | Comments and reference to the Integrated report, 2023 | ||||||||||
Performance expectations | SA PGM | SA gold | US PGM | ||||||||||
1.5 Disclose the value and beneficiaries | Donations of any amount to local or national governments, political parties, politicians, | ||||||||||||
of financial and in-kind political | or their affiliates is prohibited without the prior consultation and approval as required | ||||||||||||
contributions whether directly | by the Group. In Q1 2023, New Century Resources contributed AUS$14,300 to the | ||||||||||||
or through an intermediary. | Liberal Party of Tasmania for membership of the Leaders Forum Program for CY2023. | ||||||||||||
Applicable: Corporate | This is a legacy contribution that was entered into prior to the takeover of New Century | ||||||||||||
Resources by Sibanye-Stillwater. In line with Sibanye-Stillwater's policy on donations | |||||||||||||
and sponsorships, participation in the Leaders Forum Program will not be renewed | |||||||||||||
beyond CY2023. | |||||||||||||
See Corporate governance, page 21. | |||||||||||||
Principle 2: Integrate sustainable development in corporate strategy and decision-making processes | |||||||||||||
Corporate | EU | AUS | Comments and reference to the Integrated report, 2023 | ||||||||||
Performance expectations | SA PGM | SA gold | US PGM | ||||||||||
2.1 Integrate sustainable development | Our three-dimensional strategy defines ESG as a strategic essential, with strategic | ||||||||||||
principles into corporate strategy | differentiators integrating sustainable development principles for the long-term. | ||||||||||||
and decision-making processes relating | See Unpacking our three-dimensional strategy, page 48. | ||||||||||||
to investments and in the design, | |||||||||||||
operation and closure of facilities. | See Our sustainability strategy: a summary, page 185. |
Applicable: Corporate
2.2 Support the adoption of responsible health and safety, environmental, human rights and labour policies and practices by joint venture partners, suppliers and contractors, based on risk.
Applicable: Corporate and Asset
Not yet | Not yet |
determined | determined |
During 2023, the attention shifted to supplier verifications; 50 suppliers in the SA region's supply chain were checked against our ESG requirements. Sibanye-Stillwater hosts an annual supplier day, informing suppliers about our ESG requirements.
Our responsible sourcing practices remain intact and are overseen by a Responsible sourcing committee.
An online training video on our ethical practices is available to suppliers. This year we made available the United Nations Global Compact's free sustainability courses to suppliers.
Suppliers, business partners and contractors must adhere to our Group policies and practices as stipulated in our business contracts with them.
Our internal audit department noted that the US must review its contractor management processes to ensure alignment to the ICMM requirements.
Action: the US region's contractor management policy, and Stillwater and East Boulder transport policies will be reviewed and updated to accord with the ICMM guidelines.
Due date: 30 June 2024
3
GROUP
SUPPLEMENTARY INFORMATION 2023
Meets | Partially meets | N/A | |||||||||||||
Assessment summary | |||||||||||||||
Principle 3: Respect human rights and the interests, cultures, customs and values of employees and communities affected by our activities | |||||||||||||||
Corporate | EU | AUS | Comments and reference to the Integrated report, 2023 | ||||||||||||
Performance expectations | SA PGM | SA gold | US PGM | ||||||||||||
3.1 Support the UN Guiding Principles | Not yet | Not yet | A human rights due diligence (HRDD), by an independent third party, was performed | ||||||||||||
on Business and Human Rights by | determined | determined | for the SA and US operations. The methodology of this HRDD considered the UN | ||||||||||||
developing a policy commitment | Guiding Principles on Business and Human Rights. | ||||||||||||||
to respect human rights, undertaking | |||||||||||||||
human rights due diligence and | |||||||||||||||
providing for or cooperating in | |||||||||||||||
processes to enable the remediation | |||||||||||||||
of adverse human rights impacts that | |||||||||||||||
members have caused or | |||||||||||||||
contributed to. | |||||||||||||||
Applicable: Corporate and Asset | |||||||||||||||
3.2 Avoid the involuntary physical or | Not yet | Not yet | Indigenous people and Heritage position statements and ESG policy available at | ||||||||||||
economic displacement of families | determined | determined | www.sibanyestillwater.com/sustainability/reports-policies/ | ||||||||||||
and communities. Where this is not | A Social performance toolkit is available, and it provides guidance in respect of | ||||||||||||||
possible, apply the mitigation hierarchy | |||||||||||||||
and implement actions or remedies that | resettlement practices. | ||||||||||||||
address residual adverse effects to | |||||||||||||||
The National Historic Preservation Act (NHPA) requires US federal agencies to consider | |||||||||||||||
restore or improve livelihoods and | |||||||||||||||
effects of federal actions on cultural resources, including traditional cultural properties | |||||||||||||||
standards of living of displaced people. | |||||||||||||||
eligible for, or listed in, the National Register of Historic Places, and to consult with | |||||||||||||||
Applicable: Asset | |||||||||||||||
American Indian tribes to identify and resolve adverse effects. Whenever a new |
action is proposed at the US operations, an environmental assessment is completed by federal and state agencies that includes consultation with American Indian tribes regarding cultural resources that would potentially be affected by the proposed action.
3.3 Implement, based on risk, a human rights and security approach consistent with the Voluntary Principles on Security and Human Rights.
Applicable: Asset
Not yet | Not yet | Sibanye-Stillwater's Protection services policies and procedures align to the Voluntary |
determined | determined | Principles on Security and Human Rights. |
See Socioeconomic development, page 227. |
4
GROUP
SUPPLEMENTARY INFORMATION 2023
Meets | Partially meets | N/A | |||||||||||
Assessment summary | |||||||||||||
Principle 3: Respect human rights and the interests, cultures, customs and values of employees and communities affected by our activities continued | |||||||||||||
Corporate | EU | AUS | Comments and reference to the Integrated report, 2023 | ||||||||||
Performance expectations | SA PGM | SA gold | US PGM |
3.4 Respect the rights of workers by not | Our Human rights policy stipulates our commitment to not employing children, | |
employing child labour or forced | committing to respecting freedom of association and collective bargaining. | |
labour; avoiding human trafficking; not | Grievance mechanisms are in place. | |
assigning hazardous/dangerous work to | ||
those under 18; eliminating all forms of | See Engaging with our stakeholders, page 78,Empowering our workforce, page 156 | |
harassment and discrimination; | and Socioeconomic development, page 226. | |
respecting freedom of association and | ||
collective bargaining; and providing an | ||
appropriate mechanism to address | ||
workers grievances. | ||
Applicable: Corporate and Asset | ||
3.5 Equitably remunerate employees with | Our employees' remuneration exceeds legal requirements and represents a | |
wages that equal or exceed legal | competitive wage. Overtime is managed as per the required legal limits. | |
requirements or represent a competitive | See Empowering our workforce, page 164 and Remuneration report, page 255. | |
wage within that job market (whichever | ||
is higher) and assign regular and | ||
overtime working hours within legally | ||
required limits. | ||
Applicable: Corporate and Asset | ||
3.6 Respect the rights, interests, aspirations, | Not yet | Refer to our Indigenous people position statement and Heritage position statement, |
culture and natural resource-based | determined | www.sibanyestillwater.com/sustainability/reports-policies/ |
livelihoods of Indigenous Peoples in | Our Australian operations have maintained their commitment and obligations within | |
project design, development and | ||
operation; apply the mitigation | the Gulf communities agreement, ensuring that benefits of the Century operations are | |
hierarchy to address adverse impacts | shared with traditional owners of the lands and waters. | |
and; deliver sustainable benefits for | The American Indian Religious Freedom Act (AIRFA) grants American Indians, Eskimos, | |
Indigenous Peoples. | ||
Aleuts, and Native Hawaiians freedom to believe, express, and exercise their | ||
Applicable: Asset | ||
traditional religions. | ||
Not yet | Our commitment to free, prior and informed consent is included in our ESG policy | |
determined | available at www.sibanyestillwater.com/sustainability/reports-policies/. | |
5
GROUP
SUPPLEMENTARY INFORMATION 2023
Meets | Partially meets | N/A | ||||||||||||||
Assessment summary | ||||||||||||||||
Principle 3: Respect human rights and the interests, cultures, customs and values of employees and communities affected by our activities continued | ||||||||||||||||
Corporate | EU | AUS | Comments and reference to the Integrated report, 2023 | |||||||||||||
Performance expectations | SA PGM | SA gold | US PGM | |||||||||||||
Corporate | EU | AUS | Comments and reference to the Integrated report, 2023 | |||||||||||
Performance expectations | SA PGM | SA gold | US PGM | |||||||||||
4.1 Assess environmental and social risks/ | Sibanye-Stillwater has a comprehensive risk management process. Risk assessments | |||||||||||||
opportunities for new projects and | are conducted per operation as well as at corporate level. Environmental and social | |||||||||||||
existing operations undergoing | risk management is integrated within the various departments and business unit risk | |||||||||||||
significant changes, in consultation | management processes. | |||||||||||||
with interested and affected | See Managing our risks and opportunities within the external operating environment, | |||||||||||||
stakeholders; publicly disclose | ||||||||||||||
assessment results. | page 51. | |||||||||||||
Applicable: Corporate and Asset | The annual materiality workshop gave specific attention to ESG risks, including a focus | |||||||||||||
on the TCFD (Task Force on Climate-Related Financial Disclosures) process completed | ||||||||||||||
by the Group. See Our material matters, page 3. | ||||||||||||||
6
GROUP
SUPPLEMENTARY INFORMATION 2023
Meets | Partially meets | N/A | |||||||||||||
Assessment summary | |||||||||||||||
Principle 4: Implement effective risk-management strategies and systems based on sound science and which account for stakeholder perceptions of risks continued | |||||||||||||||
Corporate | EU | AUS | Comments and reference to the Integrated report, 2023 | ||||||||||||
Performance expectations | SA PGM | SA gold | US PGM | ||||||||||||
4.2 Undertake risk-based due diligence on | Not yet | Not yet | Sibanye-Stillwater has policies and frameworks (including Human rights policy, | ||||||||||||
conflict and human rights that aligns | determined | determined | Responsible sourcing policy, Code of ethics) to ensure we align to the Organisation for | ||||||||||||
with the OECD Due Diligence Guidance | Economic Co-operation and Development's Due Diligence Guidance (OECD DDG) | ||||||||||||||
on Conflict-Affected and High-Risk | for the Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk | ||||||||||||||
Areas, when operating in, or sourcing | Areas. We align with requirements derived from the OECD DDG such as the London | ||||||||||||||
from, a conflict-affected or high-risk | |||||||||||||||
Platinum and Palladium Market's Responsible Platinum/Palladium Guidance (LPPM | |||||||||||||||
area. | |||||||||||||||
RPPG), the London Metal Exchange (LME) Policy and the Conflict-Free Gold Standard | |||||||||||||||
Applicable: Corporate and Asset | |||||||||||||||
(CFGS). | |||||||||||||||
Our PMR (precious metals refinery) has been certified compliant with the LPPM RPPG. | |||||||||||||||
This is a requirement for refiners seeking LPPM Good Delivery Accreditation, which | |||||||||||||||
assures investors and consumers that the metal is conflict-free. | |||||||||||||||
4.3 Implement risk-based controls to avoid/ | Our risk management process is based on ISO 31000 Risk Management: | ||||||||||||||
prevent/minimise/mitigate and/or | Principles and Guidelines, COSO Enterprise Risk Management, and King IV. | ||||||||||||||
remedy health, safety and | See Managing our risks and opportunities within the external operating environment, | ||||||||||||||
environmental impacts to workers, | |||||||||||||||
page 51 and Our material matters, page 3. | |||||||||||||||
local communities, cultural heritage, | |||||||||||||||
and the natural environment, based | |||||||||||||||
upon a recognised international | |||||||||||||||
standard or management system. | |||||||||||||||
Applicable: Asset | |||||||||||||||
4.4 Develop, maintain and test emergency | Not yet | Not yet | Emergency preparedness plans are available per operation and per tailings storage | ||||||||||||
response plans. Where risks to external | determined | determined | facilities (TSF). As part of alignment to the Global Industry Tailings Management | ||||||||||||
stakeholders are significant, this should | Standard (GISTM) great strides have been made to test emergency response plans in | ||||||||||||||
be in collaboration with affected | collaboration with local stakeholders. | ||||||||||||||
stakeholders and consistent with | Emergency medical services are equipped with advanced paramedical teams | ||||||||||||||
established industry good practice. |
Applicable: Asset | and 24/7 rescue capability. |
See Continuous safe production, page 129, and Health, wellbeing and occupational | |
hygiene, page 136. | |
7
GROUP
SUPPLEMENTARY INFORMATION 2023
Meets | Partially meets | N/A |
Assessment summary
Principle 5: Pursue continual improvement in health and safety performance with the ultimate goal of zero harm
Corporate | EU | AUS | Comments and reference to the Integrated report, 2023 | ||||||||
Performance expectations | SA PGM | SA gold | US PGM | ||||||||
5.1 Implement practices aimed | The Zero Harm strategic framework remains in place supported by our Fatal elimination | ||||||||||
at continually improving workplace | strategy. Our Fatal elimination strategy has been rolled out to all regions, including the | ||||||||||
health and safety; monitor performance | EU and Australia. | ||||||||||
for the elimination of workplace fatalities | Our Health strategy is intended to provide equitable healthcare based on health | ||||||||||
and serious injuries, and for the | |||||||||||
needs and financial risk protection. In addition, the strategy focuses on preventative | |||||||||||
prevention of occupational diseases, | |||||||||||
based upon a recognised international | healthcare with enhanced occupational health services, in support of a healthy | ||||||||||
standard or management system. | workforce. | ||||||||||
Applicable: Corporate and Asset | See Continuous safe production, page 125; Health, wellbeing and occupational | ||||||||||
hygiene, page 136. | |||||||||||
5.2 Provide workers with training | Not yet | Training is encapsulated within the empowered people pillar of the Zero Harm | |||||||||
in accordance with their responsibilities | determined | strategic framework, with particular focus on visual imagery to enhance | |||||||||
for health and safety, and implement | understanding. | ||||||||||
health surveillance and risk-based | See Continuous safe production, page 125. | ||||||||||
monitoring programmes based on | |||||||||||
occupational exposure. | |||||||||||
Applicable: Corporate and Asset | |||||||||||
Principle 6: Pursue continual improvement in environmental performance issues, such as water stewardship, energy use and climate change | |||||||||||
Corporate | EU | AUS | Comments and reference to the Integrated report, 2023 | ||||||||
Performance expectations | SA PGM | SA gold | US PGM |
6.1 Plan and design for closure
in consultation with relevant authorities and stakeholders, implement measures to address closure (and related environmental and social aspects), make financial provision to realise closure and post-closure commitments.
Applicable: Corporate and Asset
Not yet | Not yet |
determined | determined |
Closure liability is disclosed within the Integrated report. See Minimising our environmental impact, page 211.
We are redesigning our closure plans to consider socioeconomic conditions in consultation with stakeholders who have an interest in, or are affected by, our social closure outcomes. This is a multi-year approach, due to the extensive considerations that must be taken into account. We will update and enhance our social closure plans on an ongoing basis, in the interests of achieving our stated socioeconomic outcomes.
8
GROUP
SUPPLEMENTARY INFORMATION 2023
Meets | Partially meets | N/A | |||||||||||
Assessment summary | |||||||||||||
Principle 6: Pursue continual improvement in environmental performance issues, such as water stewardship, energy use and climate change continued | |||||||||||||
Corporate | EU | AUS | Comments and reference to the Integrated report, 2023 | ||||||||||
Performance expectations | SA PGM | SA gold | US PGM | ||||||||||
6.2 Implement water stewardship practices | Not yet | Not yet | Water stewardship practices are region specific as each region has different water | ||||||||||
that provide for strong and transparent | determined | determined | related priorities. Water management is considered in the ESG scorecard as part of the | ||||||||||
water governance, effective and | long-term incentive plan. See Our material matters, page 3. | ||||||||||||
efficient management of water | See Water related risks (as well as stakeholder engagement activities relating to water | ||||||||||||
at operations, and collaboration with | |||||||||||||
stakeholders at a catchment level to | management) on page 196 of the 2023 Integrated Report. | ||||||||||||
achieve responsible and sustainable | |||||||||||||
water use. | |||||||||||||
Applicable: Corporate and Asset | |||||||||||||
6.3 Design, construct, operate, monitor and | No tailings | The self- | The Tailings management framework, outlining the Group Tailings management | ||||||||||
decommission tailings disposal/storage | facilities | assessment | system (GTMS) was reviewed by the Independent Tailings Review Board and updated. | ||||||||||
against | |||||||||||||
facilities using comprehensive risk- | Sibanye-Stillwater met the GISTM (Global Industry Standard on Tailings Management) | ||||||||||||
GISTM | |||||||||||||
based management and governance | requirement | requirements for all very high and extreme consequence TSFs in our SA and US regions. | |||||||||||
practices in line with internationally | s has been | For our approach to tailings management see www.sibanyestillwater.com/ | |||||||||||
recognised good practice, to minimise | initiated. | ||||||||||||
sustainability/environment/tailings-management/ | |||||||||||||
the risk of catastrophic failure. | |||||||||||||
Applicable: Corporate and Asset | See Tailings Management Fact Sheet. | ||||||||||||
6.4 Apply the mitigation hierarchy | Not yet | Not yet | Our SA gold operations have successfully signed to the ICMI code and have | ||||||||||
to prevent pollution, manage releases | determined | determined | successfully concluded the required ICMI certification audit at Kloof, Driefontein and | ||||||||||
and waste, and address potential | Beatrix. | ||||||||||||
impacts on human health and the | See Minimising our environmental impact, page 187. | ||||||||||||
environment. | |||||||||||||
Applicable: Asset | |||||||||||||
6.5 Implement measures to improve energy | Not yet | Sibanye-Stillwater have an Energy and decarbonisation strategy in place which | |||||||||||
efficiency and contribute to a low | determined | consists of four pillars which include alternative energy as well as energy efficiency | |||||||||||
carbon future, and report the outcomes | programmes. See Minimising our environmental impact, page 193 | ||||||||||||
based on internationally recognised | Position statement on climate change and carbon inventory in place. | ||||||||||||
protocols for measuring CO2 equivalent | |||||||||||||
See the supplementary report - Climate change related disclosure. | |||||||||||||
(GHG) emissions. | |||||||||||||
Applicable: Corporate and Asset | |||||||||||||
Mercury risk management | Sibanye-Stillwater does not produce mercury as a primary product. | ||||||||||||
position statement | |||||||||||||
Tailings governance position statement | GISTM conformance have been achieved with detail available www.sibanyestillwater.com/sustainability/environment/tailings-management/ | ||||||||||||
Climate change position statement | Sibanye-Stillwater has aligned to the climate change position statement, with a scope 3 target set for 2025. | ||||||||||||
Nature position statement | This position statement has been issued by ICMM in January 2024 and we will align our business to the commitments as per the position statement. | ||||||||||||
Water stewardship position statement | Water management position statement available with supporting action plan. | ||||||||||||
9
GROUP
SUPPLEMENTARY INFORMATION 2023
Meets | Partially meets | N/A | |||||||||||
Assessment summary | |||||||||||||
Principle 7: Contribute to the conservation of biodiversity and integrated approaches to land-use planning | |||||||||||||
Corporate | EU | AUS | Comments and reference to the Integrated report, 2022 | ||||||||||
Performance expectations | SA PGM | SA gold | US PGM | ||||||||||
7.1 Neither explores nor develop new mines | No mining site within a World Heritage Site. |
in World Heritage sites, respect legally designated protected areas, and design and operate any new operations or changes to existing operations to be compatible with the value for which such areas were designated.
Applicable: Corporate and Asset
7.2 Assess and address risks and impacts to | Not yet | Not yet | Position Statement on Biodiversity. A biological diversity protocol is being followed and |
biodiversity and ecosystem services by | determined | determined | a baseline assessment has been completed for the SA and US operations. |
implementing the mitigation hierarchy, | See our Biodiversity management fact sheet. | ||
with the ambition of achieving no net | |||
loss of biodiversity. | |||
Applicable: Corporate and Asset |
Principle 8: Facilitate and support the knowledge-base and systems for responsible design, use, re-use, recycling and disposal of products containing metals and minerals
Corporate | EU | AUS | Comments and reference to the Integrated report, 2023 | ||||||||
Performance expectations | SA PGM | SA gold | US PGM | ||||||||
8.1 In project design, operation and | Not yet | Not yet | Sibanye-Stillwater's environmental function has firmly embraced the challenge to | ||||||||
de-commissioning, implement | determined | determined | effectively reduce costs through proactive management of environmental incidents, | ||||||||
cost effective measures for the | water conservation, carbon footprint management and reducing reliance on Rand | ||||||||||
recovery, re-use or recycling of | Water at the SA operations. | ||||||||||
energy, natural resources, |
and materials.
10
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Sibanye Stillwater Limited published this content on 26 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2024 14:36:17 UTC.