{"id":133,"date":"2023-01-05T14:58:42","date_gmt":"2023-01-05T14:58:42","guid":{"rendered":"https:\/\/reports.anglogoldashanti.com\/22\/?page_id=133"},"modified":"2023-04-05T07:34:30","modified_gmt":"2023-04-05T07:34:30","slug":"stakeholder-engagement","status":"publish","type":"page","link":"https:\/\/reports.anglogoldashanti.com\/22\/sr\/strategy\/stakeholder-engagement\/","title":{"rendered":"Engaging with our stakeholders"},"content":{"rendered":"\n
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Home<\/a><\/span> \u00bb Sustainability Report<\/a><\/span> \u00bb Strategy<\/a><\/span> \u00bb Engaging with our stakeholders<\/span><\/span><\/div>\n\n

Engaging with our stakeholders<\/h1>\n\n\n

Inclusive stakeholder engagement and effective management of stakeholder relations, concerns and expectations have a direct bearing on our ability to deliver on our strategy and create sustained value.<\/p>\n<\/div>\n\n\n\n

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Open, honest and
respectful stakeholder engagement with communities supports our social licence to operate<\/p>\n <\/cite><\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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Our approach to and rationale for engagement<\/h2>\n\n\n\n

We are committed to collaborative stakeholder engagement. Our integrated, inclusive stakeholder engagement process seeks to balance the needs, interests and expectations of stakeholders with those of AngloGold Ashanti. This process is fundamentally important at every stage of our business cycle \u2013 from exploration through to mine closure.<\/p>\n\n\n\n

Our engagement structures are aimed at helping us navigate the political, regulatory and legislative environments in which we operate, providing insights into potential risks, opportunities and material sustainability issues with the potential to affect our ability to create value, so enabling us to better manage and act on such risks, opportunities and issues, to maintain our social licence to operate, to deliver on our strategy and to create sustained long-term value.<\/p>\n\n\n\n

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Oversight and accountability<\/h3>\n\n\n\n

While ultimate responsibility for stakeholder engagement lies with the Board, the Social, Ethics and Sustainability Committee assists with oversight of our stakeholder engagement framework and structures. The committee reviews the related framework and engagement structures annually.<\/p>\n\n\n\n

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Stakeholder groups<\/th>\n Key topics and areas of interest<\/th>\n <\/tr>\n <\/thead>\n
\n Investment community<\/strong><\/span>\n <\/td>\n \n
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  • Financial and operating performance<\/li>\n
  • Cash lock-up challenges<\/li>\n
  • Obuasi ramp-up<\/li>\n
  • Climate change<\/li>\n
  • ESG performance<\/li>\n
  • Impact of surge in global inflation<\/li>\n
  • Impact of Ukraine\/Russia war on supply chain\/lines<\/li>\n
  • TSF conversion<\/li>\n <\/ul>\n <\/td>\n <\/tr>\n
\n Employees and unions<\/strong><\/span>\n <\/td>\n \n
    \n
  • Progress made with implementation of our new Operating Model (continuous improvement)<\/li>\n
  • Safety<\/li>\n
  • Organisational culture<\/li>\n
  • Obuasi ramp-up<\/li>\n
  • Productivity, maintaining focus on strategy and meeting guidance on production and other\n performance metrics<\/li>\n <\/ul>\n <\/td>\n <\/tr>\n
\n Government and regulators<\/strong><\/span>\n <\/td>\n \n
    \n
  • Regulatory changes<\/li>\n
  • Political changes<\/li>\n
  • TSF management<\/li>\n
  • Project development updates \u2013 Ghana, Colombia and Nevada<\/li>\n
  • Regulatory compliance \u2013 safety, local economic and community development and taxation<\/li>\n
  • Dispute resolution \u2013 repatriation of funds, tax refunds and ASM challenges<\/li>\n
  • Mitigation of political and regulatory risk<\/li>\n <\/ul>\n <\/td>\n <\/tr>\n
\n Suppliers<\/strong><\/span>\n <\/td>\n \n
    \n
  • Responsible sourcing<\/li>\n
  • Local content and procurement opportunities<\/li>\n
  • Community capacity building and localisation<\/li>\n
  • Supply chain risks<\/li>\n <\/ul>\n <\/td>\n <\/tr>\n
\n Communities<\/strong><\/span>\n <\/td>\n \n
    \n
  • Employment and procurement opportunities<\/li>\n
  • Local enterprise and economic development programmes<\/li>\n
  • Environmental and social impact of mining activities on communities<\/li>\n
  • Social licence to operate<\/li>\n
  • Potential business interruptions<\/li>\n
  • Legacy issues, post asset sale in South Africa<\/li>\n <\/ul>\n <\/td>\n <\/tr>\n
\n Industry partners and peers<\/strong><\/span>\n <\/td>\n \n