About this report
The AngloGold Ashanti Sustainability Report 2022 provides a detailed overview of our sustainability performance from operations within our reporting boundary, for the period 1 January 2022 to 31 December 2022.
We are committed to transparent, informed, consistent reporting to a broad range of stakeholders.
Our 2022 reports communicate the progress we have made in delivering on our strategic objectives and in creating value, in a dynamic and volatile operating environment.
In setting our reporting boundary, we have considered impacts that result both from operations within AngloGold Ashanti and its associated companies, as well as from outside the organisation. While we seek to establish a consistent boundary for reporting across all our sustainability metrics, we also report on developments, impacts and data outside our reporting boundary where these are significant to the business and our sustainability performance. We do not report on non-financial information for Kibali mine in the Democratic Republic of the Congo (DRC), which is managed and operated by our joint venture partner, Barrick Gold Corporation.
This report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards 2021 and the Sustainability Accounting Standards Board (SASB) Metals and Mining Industry Standard. These standards are the benchmark for sustainability reporting globally and are an important measure of our progress. This year we have broadly aligned our reporting with the JSE Sustainability Disclosure Guidance and are also cognisant of the developments of the International Sustainability Standards Board (ISSB). The GRI and SASB content indices can be found in the 2022 ESG and Sustainability Data <ESGD> Workbook.
AngloGold Ashanti is a signatory to the United Nations Global Compact (UNGC) and this report serves to supplement and support our 2022 UNGC Communication on Progress (COP), which was submitted to the UNGC South Africa in January 2023. It is also aligned with the Sustainable Development Framework of the International Council on Mining and Metals (ICMM), of which AngloGold Ashanti is a member. The section on External charters and sustainability indices provides additional detail of compliance with other frameworks, including voluntary memberships.
We engage with several third-party entities that rank our sustainability or ESG performance, according to their own methodologies, including MSCI, S&P Global Inc., Responsible Mining Index (RMI) and Sustainalytics. The resultant rankings are based on our ESG-related disclosures, and ESG risks and performance, and provide useful external feedback on our performance, and benchmarks against our peers. Some of these ESG rankings are reflected on our website, in our dedicated ESG Transparency Hub.
During 2022, AngloGold Ashanti completed self-assessments of conformance to the ICMM Performance Expectations (PEs), and the World Gold Council’s (WGC) Responsible Gold Mining Principles (RGMPs). We have assessed the applicability of each mining principle at the corporate and operational site (asset) levels. See the <ESGD> Workbook for details on the status of our conformance and the work underway to close remaining gaps.
IBIS ESG Consulting Africa (Pty) Ltd (IBIS) was appointed as the external validation service provider for both sets of self-assessment. The process of external validation commenced in September 2022 and will be completed across all assets over a three-year period. In planning for the on-site validation engagements, we reviewed our asset prioritisation and decided to align these engagements with the combined assurance audit cycle.
Key data found in our <ESGD> illustrates our performance against our sustainability metrics. Where possible, we present data for five years to show trends and to emphasise that our sustainability performance is built over time. Historical data in this report has been restated to exclude divested operations, unless otherwise stated in this report and accompanying data tables.
Inclusion of information in this report, including any discussion, analysis or assessment of “material”, “significant”, “key”, or similarly described information, is not an indication that we deem such information to be material to an investment decision related to our securities or important to an understanding of our business more generally.
This report also contains certain forward-looking statements, including “forward-looking statements” made within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. In particular, these include, among other statements, forward-looking statements relating to the Company’s future performance, goals and objectives, as well as future regulatory developments, with respect to sustainability and other environmental, social and governance matters. Such statements are often, but not always, made through the use of words or phrases such as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “seeks”, “will”, “should”, “could”, may”, or words of similar meaning. They may involve estimates and assumptions that are subject to risks, uncertainties and other factors. These and other statements made in this report may be affected by a wide range of variables that could cause actual results and performance to differ materially from those currently anticipated, including the risk factors set forth in our Annual Report on Form 20-F filed on 16 March 2023 with the U.S. Securities and Exchange Commission (SEC).
We welcome feedback on our reporting. Should you have any comments or suggestions on how we could improve the quality of our reports, contact our investor relations team at: firstname.lastname@example.org