{"id":180,"date":"2023-01-05T15:42:52","date_gmt":"2023-01-05T15:42:52","guid":{"rendered":"https:\/\/reports.anglogoldashanti.com\/22\/?page_id=180"},"modified":"2023-03-22T08:03:49","modified_gmt":"2023-03-22T08:03:49","slug":"about-this-report","status":"publish","type":"page","link":"https:\/\/reports.anglogoldashanti.com\/22\/ir\/about-this-report\/","title":{"rendered":"Introducing our Integrated Report 2022"},"content":{"rendered":"\n<div class=\"wp-block-group alignfull is-style-mega-page-header has-horizontal-orange-to-naartjie-gradient-background has-background is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group alignwide is-style-default is-justify-content-stretch is-content-justification-space-between is-layout-flex wp-container-core-group-is-layout-9366075c wp-block-group-is-layout-flex\">\n<div class=\"wp-block-group has-background-color has-text-color is-content-justification-left is-layout-constrained wp-container-core-group-is-layout-12dd3699 wp-block-group-is-layout-constrained\"><div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/reports.anglogoldashanti.com\/22\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/reports.anglogoldashanti.com\/22\/ir\/\">Integrated Report<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\">Introducing our Integrated Report 2022<\/span><\/span><\/div>\n\n<h1 class=\"wp-block-post-title\">Introducing our Integrated Report 2022<\/h1>\n\n\n<p class=\"has-large-font-size\">Our integrated report 2022 provides a concise overview of\nAngloGold Ashanti\u2019s overall performance and prospects to\nenable informed decision making regarding our ability to\ncreate, preserve and\/or erode value in the short, medium and\nlong term, and thus on AngloGold Ashanti\u2019s future viability\nand sustainability.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group is-style-bubble-block has-background has-foreground-color has-yellow-background-color has-text-color is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-justify-content-stretch is-alignment-center is-vertical is-content-justification-center is-layout-flex wp-container-core-group-is-layout-ce155fab wp-block-group-is-layout-flex\">\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"has-text-align-center has-large-font-size\">Our 2022 reports <br>communicate the progress made in delivering on our strategic objectives and in creating value, in a dynamic and volatile operating environment.<\/p>\n<cite> <\/cite><\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-group alignwide is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group is-justify-content-stretch is-layout-flex wp-container-core-group-is-layout-0e78bd1e wp-block-group-is-layout-flex\">\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\">\n<p>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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Reporting period<\/h2>\n\n\n\n<p>This report covers the financial year ended 31 December 2022 and the performance of AngloGold Ashanti and its subsidiaries during this period. Any significant events occurring between this date and the date of approval of this report by the Board on 15 March 2023 are also included.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Audience<\/h2>\n\n\n\n<p>While this report primarily addresses the information requirements of long-term investors, shareholders and other providers of financial capital, it also presents information on value creation relevant to the interests of other stakeholders such as employees, suppliers and business partners, communities and governments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Basis of preparation \u2013 reporting frameworks and compliance<\/h2>\n\n\n\n<p>This integrated report is produced in compliance with the South African Companies Act, 71 of 2008 (as amended), the JSE Listings Requirements and in line with the recommendations of the King Report on Corporate Governance for South Africa, 2016 (King IV). In compiling this report, we applied the guiding principles and content elements as recommended by the IFRS Foundation\u2019s Integrated Reporting Framework (formerly the IIRC\u2019s International Integrated Reporting Framework).<\/p>\n\n\n\n<p>Financial data was prepared in accordance with the International Financial Reporting Standards (IFRS) and non-financial data is aligned with the Global Reporting Initiative (GRI) Standards, SASB, the Task Force on Climate-related Financial Disclosures (TCFD), and the United Nations Sustainable Development Goals (SDGs) and Global Compact (UNGC).<\/p>\n\n\n\n<p>In addition, we considered the World Gold Council\u2019s Responsible Gold Mining Principles (RGMPs), the principles of the International Council on Mining and Metals (ICMM) and the guidelines of various sustainability indices prepared by ESG ratings agencies, such as the FTSE\/Russell Responsible Investment Index (FTSE4Good), the S&amp;P Global Corporate Sustainability Assessment (CSA) and the Bloomberg Gender-Equality Index (GEI).<\/p>\n<\/div>\n\n\n\n<aside class=\"wp-block-group is-vertical is-nowrap is-layout-flex wp-container-core-group-is-layout-3655d5c7 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-group has-light-gray-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\">\n<h3 class=\"wp-block-heading\">Contributing to the SDGs<\/h3>\n\n\n\n<p>We are committed to making a meaningful contribution to the United Nations SDGs&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"1366\" src=\"https:\/\/reports.anglogoldashanti.com\/22\/wp-content\/uploads\/2023\/02\/icon-sdg03.svg\" alt=\"\" class=\"wp-image-1366\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" data-id=\"1357\" src=\"https:\/\/reports.anglogoldashanti.com\/22\/wp-content\/uploads\/2023\/02\/icon-sdg05.svg\" alt=\"\" class=\"wp-image-1357\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" data-id=\"1359\" src=\"https:\/\/reports.anglogoldashanti.com\/22\/wp-content\/uploads\/2023\/02\/icon-sdg07.svg\" alt=\"\" class=\"wp-image-1359\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" data-id=\"1360\" src=\"https:\/\/reports.anglogoldashanti.com\/22\/wp-content\/uploads\/2023\/02\/icon-sdg08.svg\" alt=\"\" class=\"wp-image-1360\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" data-id=\"1361\" src=\"https:\/\/reports.anglogoldashanti.com\/22\/wp-content\/uploads\/2023\/02\/icon-sdg09.svg\" alt=\"\" class=\"wp-image-1361\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" data-id=\"1363\" src=\"https:\/\/reports.anglogoldashanti.com\/22\/wp-content\/uploads\/2023\/02\/icon-sdg11.svg\" alt=\"\" class=\"wp-image-1363\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" data-id=\"1347\" src=\"https:\/\/reports.anglogoldashanti.com\/22\/wp-content\/uploads\/2023\/02\/icon-sdg12.svg\" alt=\"\" class=\"wp-image-1347\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" data-id=\"1348\" src=\"https:\/\/reports.anglogoldashanti.com\/22\/wp-content\/uploads\/2023\/02\/icon-sdg13.svg\" alt=\"\" class=\"wp-image-1348\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" data-id=\"1352\" src=\"https:\/\/reports.anglogoldashanti.com\/22\/wp-content\/uploads\/2023\/02\/icon-sdg17.svg\" alt=\"\" class=\"wp-image-1352\"\/><\/figure>\n<\/figure>\n<\/div>\n<\/aside>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-group alignwide is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group is-justify-content-stretch is-layout-flex wp-container-core-group-is-layout-0e78bd1e wp-block-group-is-layout-flex\">\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\">\n<h2 class=\"wp-block-heading\">Report scope and boundary<\/h2>\n\n\n\n<p>The information provided is considered relevant and material to current and future stakeholders. We focus primarily on those matters with the potential to materially affect our ability to create and preserve sustained value or to minimise its erosion.<\/p>\n\n\n\n<p>This is a Group-level report covering the entire Company, its joint ventures and investments. All managed operations are fully reported. Our joint venture, Kibali*, is partially reported.<\/p>\n\n\n\n<ul class=\"is-style-notes wp-block-list\">\n<li class=\"is-style-asterix\"><em>More detailed information on Kibali (AngloGold Ashanti: 45%) is provided on the corporate website of our joint venture partner, Barrick Gold Corporation (Barrick), which manages the operation.<\/em><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large style-svg\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"460\" src=\"https:\/\/reports.anglogoldashanti.com\/22\/wp-content\/uploads\/2023\/03\/diagram-integrated-report-boundary.svg\" alt=\"\" class=\"wp-image-4231\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Materiality and material sustainability issues<\/h2>\n\n\n\n<p>As the primary audience for this report is our stakeholders, including our shareholders, employees, suppliers and business partners, communities and governments, its focus is those issues that may be considered relevant to our ability to create value in the short, medium and long term.<\/p>\n\n\n\n<p>Shareholders invest in AngloGold Ashanti to earn dividends and for capital appreciation, measured in aggregate by total shareholder returns. In light of this, we consider our most significant issue to be sustaining profitability and growing our business, as measured by all-in sustaining costs, free cash flow, adjusted EBITDA and normalised cash return on equity (nCROE). These metrics are acknowledged in our remuneration policy \u2013 see <em><strong><a href=\"https:\/\/reports.anglogoldashanti.com\/22\/ir\/rewarding-delivery\/section-ii-policy-report\/\">Rewarding delivery<\/a><\/strong><\/em>. Access to capital to fund future growth and development is also influenced by our long-term outlook for profitability.<\/p>\n\n\n\n<p>While the information presented in this report may be considered relevant to the interests of current and future investors and\/ or other stakeholders, inclusion of such information is not an indication that we deem such information to be material to an investment decision related to our securities.<\/p>\n\n\n\n<p>The primary focus is those matters with the potential to materially affect our ability to create and preserve sustained value or to minimise its erosion, while also taking into consideration the various perspectives of our stakeholders.<\/p>\n\n\n\n<h3 class=\"has-primary-color has-text-color wp-block-heading\">Double materiality \u2013 financial and non-financial reporting<\/h3>\n\n\n\n<p>This report covers both financial and non-financial (social, environmental and governance) information relating to our performance, risks, opportunities and outcomes. We consider the impact of society and the environment on AngloGold Ashanti (risks, opportunities and material sustainability issues) and our business activities as well as AngloGold Ashanti\u2019s impact on society and the environment (outcomes), in line with the concept of double materiality.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Integrity of integrated reporting process<\/h2>\n\n\n\n<p>Initial steps in the integrated reporting process included an evaluation of the previous year\u2019s report to identify areas for improvement and enhanced disclosure as well as benchmarking and gap analyses to improve alignment with best practice. The report content is based on Board reports, presentations, written submissions and discussions with key Executives and Board members.<\/p>\n\n\n\n<p>Disclosure is overseen by a working group comprising executive management and subject specialists that is led by the Chief Financial Officer. All Executive Committee and Board members participate in the approval process while internal audit, together with external auditors and independent assurance providers, also has oversight of the report and related process.<\/p>\n\n\n\n<p>The report was reviewed by the working group on 6 March 2023, prior to its submission to the Audit and Risk Committee, which approved and recommended the report to the Board for final approval.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Approval and assurance<\/h3>\n\n\n\n<p>While this integrated report is not independently assured as a whole, certain information was subject to either an internal or external audit as follows:<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-foreground-color has-alpha-channel-opacity has-foreground-background-color has-background is-style-wide\"\/>\n\n\n\n<div class=\"wp-block-group is-justify-content-stretch is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<ul class=\"wp-block-list\">\n<li>Annual financial statements \u2013 includes all financial information in this report<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>External financial audit (Ernst &amp; Young (EY))<\/li>\n<\/ul>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-silver-gray-color has-alpha-channel-opacity has-silver-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<div class=\"wp-block-group is-justify-content-stretch is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<ul class=\"wp-block-list\">\n<li>Sustainability (non-financial) data<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>External assurance* of selected sustainability metrics (IBIS Consulting)<\/li>\n<\/ul>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-silver-gray-color has-alpha-channel-opacity has-silver-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<div class=\"wp-block-group is-justify-content-stretch is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<ul class=\"wp-block-list\">\n<li>Operating and other financial and non-financial data, compliance and risk management<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Internal audit (overseen by the Audit and Risk Committee)<\/li>\n<\/ul>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\"\/>\n\n\n\n<ul class=\"is-style-notes wp-block-list\">\n<li class=\"is-style-asterix\">In 2022, the AA1000 Assurance Standard (AS) for external assurance was used, replacing the ISAE 3000 Standard used previously. The following assurance comparisons apply:<br>Reasonable (ISAE 3000) = High (AA1000AS)<br>Limited (ISAE 3000) = Moderate (AA1000AS)<\/li>\n\n\n\n<li class=\"is-style-no-bullet\">For those metrics assured by IBIS, see their independent assurance report in the <strong><a href=\"https:\/\/reports.anglogoldashanti.com\/22\/sr\/report-assurance\/\">&lt;SR><\/a><\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>The Audit and Risk Committee, on behalf of the Board, approves and monitors the auditing and assurance of all reporting and related processes. See our<strong> <\/strong><a href=\"https:\/\/reports.anglogoldashanti.com\/22\/wp-content\/uploads\/2023\/04\/AGA-AFS22.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><em><strong>&lt;AFS&gt;<\/strong><\/em> <\/a>for the Audit and Risk Committee\u2019s chairperson\u2019s report.<\/p>\n\n\n\n<p>Internal audit and related approval processes include, among others, regular management reviews of information and data published. Management also verifies the processes that determine all non-financial information.<\/p>\n\n\n\n<p>Our operations are subject to risk-based, integrated, combined assurance reviews of the financial, safety, compliance and sustainability aspects of our business. The outcomes of these internal processes and external assurance, as well as of any independent technical reviews, provide reasonable assurance to allow the Board, on the recommendation of the Audit and Risk Committee, to determine the effectiveness of our internal control systems and procedures, and thus help to ensure the accuracy of the information presented in our reports.<\/p>\n<\/div>\n\n\n\n<aside class=\"wp-block-group is-vertical is-nowrap is-layout-flex wp-container-core-group-is-layout-3655d5c7 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\"><\/div>\n<\/aside>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-group alignfull has-background-color has-lilac-background-color has-text-color has-background is-layout-constrained wp-container-core-group-is-layout-301020a0 wp-block-group-is-layout-constrained\" style=\"padding-top:var(--wp--preset--spacing--50);padding-right:var(--wp--preset--spacing--50);padding-bottom:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--50)\">\n<div class=\"wp-block-group alignwide is-justify-content-stretch is-alignment-center is-content-justification-space-between is-layout-flex wp-container-core-group-is-layout-6ad6cb0a wp-block-group-is-layout-flex\">\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\">\n<h3 class=\"alignwide wp-block-heading\">Stakeholder feedback<\/h3>\n\n\n\n<p class=\"has-link-color wp-elements-7d96624e66f81b1bc39db805da69c3a5\">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 <strong><a href=\"mailto:investors@anglogoldashanti.com\">investors@anglogoldashanti.com<\/a><\/strong><\/p>\n<\/div>\n\n\n\n<aside class=\"wp-block-group is-vertical is-content-justification-center is-layout-flex wp-container-core-group-is-layout-ce155fab wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/reports.anglogoldashanti.com\/22\/wp-content\/uploads\/2023\/02\/icon-chat.svg\" alt=\"\" class=\"wp-image-1281\" width=\"200\"\/><\/figure>\n<\/aside>\n<\/div>\n<\/section>\n\n\n\n<div class=\"wp-block-cover alignfull is-light\" style=\"min-height:600px;aspect-ratio:unset;\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim-0 has-background-dim\"><\/span><img loading=\"lazy\" decoding=\"async\" width=\"2560\" height=\"1707\" class=\"wp-block-cover__image-background wp-image-3866\" alt=\"\" src=\"https:\/\/reports.anglogoldashanti.com\/22\/wp-content\/uploads\/2023\/02\/AGA-191203-0287-scaled.jpg\" style=\"object-position:52% 28%\" data-object-fit=\"cover\" data-object-position=\"52% 28%\" srcset=\"https:\/\/reports.anglogoldashanti.com\/22\/wp-content\/uploads\/2023\/02\/AGA-191203-0287-scaled.jpg 2560w, https:\/\/reports.anglogoldashanti.com\/22\/wp-content\/uploads\/2023\/02\/AGA-191203-0287-480x320.jpg 480w, https:\/\/reports.anglogoldashanti.com\/22\/wp-content\/uploads\/2023\/02\/AGA-191203-0287-768x512.jpg 768w, https:\/\/reports.anglogoldashanti.com\/22\/wp-content\/uploads\/2023\/02\/AGA-191203-0287-1536x1024.jpg 1536w, https:\/\/reports.anglogoldashanti.com\/22\/wp-content\/uploads\/2023\/02\/AGA-191203-0287-2048x1365.jpg 2048w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\" \/><div class=\"wp-block-cover__inner-container is-layout-flow wp-block-cover-is-layout-flow\">\n<p class=\"has-text-align-center has-large-font-size\"><\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Our integrated report 2022 provides a concise overview of AngloGold Ashanti\u2019s overall performance and prospects to enable informed decision making regarding our ability to create, preserve and\/or erode value in the short, medium and long term, and thus on AngloGold Ashanti\u2019s future viability and sustainability. Our 2022 reports communicate the progress made in delivering on&hellip; <a class=\"more-link\" href=\"https:\/\/reports.anglogoldashanti.com\/22\/ir\/about-this-report\/\">Continue reading <span class=\"screen-reader-text\">Introducing our Integrated Report 2022<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":3866,"parent":7,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-180","page","type-page","status-publish","has-post-thumbnail","hentry","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Introducing our Integrated Report 2022 - 2022 | AngloGold Ashanti<\/title>\n<meta name=\"description\" content=\"This report provides an overview of our performance and prospects regarding our ability to create, preserve and\/or erode value.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reports.anglogoldashanti.com\/22\/ir\/about-this-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Introducing our Integrated Report 2022 - 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