2024

Sustainability
Report 2024

Mining to empower people
and advance societies

Sustainability Report 2024 (PDF)
ESG Workbook 2024 (XLSX)

VIEW

from the top

Messages from AngloGold Ashanti leadership

2024
at a glance

Creating
value

Revenue*

$5.8bn

(2023: $4.6bn)

Gold production*

2.66Moz

(2023: 2.64Moz)

Gold Mineral Reserve*

31.2Moz

(2023: 28.1Moz)

Acquisition of Centamin completed in November 2024
  • * Includes Centamin
  • **Excludes Centamin

Empowering
people

People employed*

39,484

employees and contractors

(2023: 33,658)

Total recordable injury frequency rate (TRIFR)**

0.97

(2023:1.09)

Salaries, wages and benefits paid to employees*

$584m

(2023: $551m)

Training and development expenditure**

$7.99m

(2023: $7.76m)

Empowering our
communities

Community investment**

$20.56m

(2023: $18.84m)

Expenditure with local suppliers**

$4.26bn

(92%)

(2023: $4.31bn (94%))

Grievances resolved**

93%

(2023: 92%)

Caring for our
environment

Reportable environmental incidents**

1

(2023: 1)

Scope 1 and 2 greenhouse gas (GHG) emissions**

1.473Mt

(2023: 1,469Mt)

Cumulative amount of land rehabilitated**

4,271ha

(2023: 4.104ha)

Renewable energy supply**

6.3%

(2023: 6.6%)

Ensuring best
practice governance

Employees that completed ethics training**

5,697

(2023: 1,444)

Security personnel trained on human rights policies**

100%

(2023: 99.92%)

Payments to government**

$1.034bn

(2023: $833m)

Refer to ESG Data Workbook for breakdown

Our approach

At AngloGold Ashanti, our approach to
sustainability stems from and is guided by
our purpose: Mining to empower people
and societies.

Our approach encompasses:

  • Following our North Star – our Purpose and Values underpin every decision we make and action we take
  • Engaging with our stakeholders with respect, consistency, clarity and understanding
  • Ensuring we monitor and manage our performance against our targets, that our systems and processes are subject to assurance, and that we communicate our approach and performance on material matters regularly and transparently
  • Securing our social licence to operate by making a positive impact today, and leaving a lasting legacy.

Materiality and material sustainability issues

The Company’s double materiality assessment is integrated into the Enterprise Risk Management (ERM) framework by incorporating both financial materiality (impact on the Company’s financial performance) and environmental and social materiality (impact on the environment and society). This ensure that the Company considers a comprehensive view of risks and opportunities that may affect not only its financial outcomes but also it’s broader societal and environmental responsibilities.

Our process follows the ‘double materiality’ framework.

Phase 1:
Context

This involved a thorough review of potential material sustainability issues, drawing on insights from peer reporting, alignment with current and emerging disclosure standards, and feedback from ratings agencies. This approach ensured the issues considered were relevant, comprehensive, and reflective of both industry best practices and stakeholder expectations. This review resulted in an initial list of material sustainability issues, which was carefully refined to identify the 17 issues most pertinent to our industry and sector.

Phase 2:
Discovery of impact

In this phase we undertook interviews with 11 external and 20 internal stakeholders to identify material sustainability issues. These included:

  • External stakeholders: investors, market analysts, media and an industry body
  • Internal stakeholders: Board, Executive management and Senior leadership

This process resulted in the identification of 36 potential material sustainability issues that influence our ability to create, sustain, or potentially erode social, environmental, and economic value from both an impact and financial materiality perspective.

Phase 3:
Ranking

Finally, members of executive and senior management were asked to rank issues from the perspective of both impact and financial materiality, based on our definitions (alongside). Respondents were also asked to indicate the time horizon – short, medium and long term – associated with impacts and, for financial materiality, whether the issue was primarily a risk or an opportunity.

These issues were then reviewed by the internal sustainability team. The ranking was adjusted to reflect broader industry sustainability issues and issues raised by stakeholders.
The final list of 14 material sustainability issues was reviewed and ratified by the SES Committee and Board.

See the outcomes of the 2024 assessment

Our commitments

Creating value
Empowering people
Empowering communities
Caring for the environment
Ensuring best practice governance

Creating value

Mining is a long term business. We seek to create sustained value throughout our mining operations and beyond.

We look to continually improve the value proposition we provide to our hosts and investors, creating more growth opportunities. As we seek to improve our business sustainability, we also seek to positively contribute to national, regional and global economic and social development and build relationships with our stakeholders that are based on trust.

Empowering people

Our people are what makes us a successful business today, and will support our success in the future.

Ensuring the safety of our workforce, contractors, and the broader mine communities remains our first priority. We seek to attract, develop and retain the top talent in the industry through our compelling employee value proposition, and maintain constructive relationships with employees and their union representatives. Our values support culture, and our approach to cultivating and nurturing an inclusive and diverse workforce.

Empowering communities

Our host communities are more than neighbours— they are partners in mutual development, and critical to our achieving and maintaining our social licence to operate.

Our ability to partner in building resilient, self-sustaining communities hinges on mutual respect, transparency and trust.

Caring for the environment

We take seriously our responsibility to manage and limit our environmental footprint, and to contribute to the alleviation of global and regional environmental challenges, such as climate change, water shortages and biodiversity loss.

We manage this environmental footprint throughout the lifecycle of our operations, and take a rigorous approach to compliance with legislation and implementing leading environmental practices.

Ensuring best practice governance

Sound governance principles and practices underpin value creation and the long term sustainability of our business and our relationships with stakeholders, and are crucial to achieving our business objectives and delivering on our business strategy.

Case studies

Assurance

External charters and indices

We subscribe to a number of external principles,
charters and standards that rank our ESG and reporting performance, according to their own methodologies

ASSURANCE REPORT

Downloads

About this report (PDF 1 MB) Caring for the environment (PDF 4 MB) Leadership (PDF 2 MB) Ensuring best practice governance (PDF 3 MB) Creating value (PDF 750 KB) Centamin sustainability update (PDF 267 KB) Empowering people (PDF 2 MB) Additional information (PDF 371 KB) Empowering communities (PDF 4 MB)