{"id":382,"date":"2025-01-31T10:14:54","date_gmt":"2025-01-31T08:14:54","guid":{"rendered":"https:\/\/reports.anglogoldashanti.com\/24\/?p=382"},"modified":"2025-03-20T12:05:27","modified_gmt":"2025-03-20T10:05:27","slug":"message-from-the-chiefsustainability-andcorporate-affairs-officer","status":"publish","type":"post","link":"https:\/\/reports.anglogoldashanti.com\/24\/sr\/view-from-the-top-sr\/message-from-the-chiefsustainability-andcorporate-affairs-officer\/","title":{"rendered":"Message from the Chief Sustainability and Corporate Affairs Officer"},"content":{"rendered":"\n
\n
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We invite<\/h1>\n\n\n\n

our stakeholders to measure us against these standards, let us know where we fall short and offer thoughts about what we can do better.<\/p>\n<\/div>\n\n\n\n

\n
\"\"<\/figure>\n<\/div>\n<\/div>\n\n\n\n

It is my privilege to present AngloGold Ashanti\u2019s annual Sustainability Report. While we integrate sustainability into every aspect of our business, we believe it is important to provide this report to help meet the information needs of a broader range of stakeholders. This includes a number of case studies which help bring our sustainability philosophy to life, by demonstrating our values, policies and standards in practice.<\/p>\n\n\n\n

The value of gold<\/h2>\n\n\n\n

Gold\u2019s function as a store of value is well known and has been reinforced in the past year as a number of factors have coincided to drive the gold price to record levels. These factors include a sustained rise in demand by retail and institutional investors alike, seeking a shelter from volatility on other sectors of the market, as well as continued strong demand from a number of central banks which have continued to diversify their reserves.<\/p>\n\n\n\n

While gold is unlike a number of other minerals, especially those needed for the energy transition, it remains an important part of the modern economy, not only as an increasingly important asset class, recognised the world over for millennia, but also for the many communities and countries who depend on the value that it creates.<\/p>\n\n\n\n

We believe that the modern, responsible development of gold ore bodies is an important vector for development, prosperity and upliftment. That places upon us the responsibility to operate in a manner that properly respects the employees, communities and societies where the product is mined, and also ensures that these stakeholders benefit from this mining activity through a fair share of the value of these endeavours, whether through direct and indirect employment, through the taxes and royalties that responsible mining generates, or through the many opportunities that are created in gold\u2019s long and complex value chain.<\/p>\n\n\n\n

Only by demonstrating this shared value, and our adherence to our own values, can we earn and retain our social licence to operate.<\/p>\n\n\n\n

Long-term investors, who provide us with equity and debt capital that ultimately sustains our business, have increasingly exacting expectations that we are able to fulfil our responsibilities to sustain and grow the value of their investments in a responsible manner, taking clear and demonstrable steps to ensure a positive impact from our activities, and to counter the many risks that mining companies inevitably face.<\/p>\n\n\n\n

We are accountable to all of these groups of stakeholders for our ESG performance. One of the ways of meeting the obligations that accountability brings is to inform stakeholders frankly and honestly on a regular basis of how we have performed in the various ESG spheres. This report is part of fulfilling this responsibility.<\/p>\n\n\n\n

Environment<\/h2>\n\n\n\n

With respect to the environment, we are proud that AngloGold Ashanti is making strides towards decarbonising its own energy footprint. This not only reduces our greenhouse emissions, but also reduces our reliance on carbon energy sources and complex supply chains needed to move diesel and heavy fuel oil to our mining sites. These projects are accretive to the value of our business. As we make our own operations more resilient to a changing climate, so too will we support our employees and host communities in doing the same.<\/p>\n\n\n\n

This past year we established a Water Stewardship Committee, which helped establish 27 water stewardship projects \u2013 three for each site \u2013 to ensure that we widen our focus beyond water conservation and increasing recycling volumes, to ensuring we continually improve our stewardship of this scarce resource for our benefit, and for the benefit of our host regions.<\/p>\n\n\n\n

We have also started the specialist work necessary to map the course for compliance with a new commitment, led by the ICMM, to ensure no net loss of biodiversity by the closure of our current operations, against a 2020 baseline.<\/p>\n\n\n\n

Beyond job creation<\/h2>\n\n\n\n

Gold mining has historically brought job creation and national fiscal contributions as well as prompted the development of a range of input goods and services, enhanced infrastructure and improved access to education and health care.<\/p>\n\n\n\n

We seek to contribute significantly to the sustained social and economic development of the communities and countries that host us. We strive to work with our host communities in a consultative manner to turn mineral wealth into a means of advancing human development, to improve overall resilience in the face of changing weather and an ever more challenging geopolitical and socio-economic backdrop, and to enhance the quality of life in general.<\/p>\n\n\n\n

We are fortunate to be able to apply these efforts in both developing markets and also in poorer, more remote locations in developing markets, where there are currently few alternative avenues for growing economy activity and community advancement.<\/p>\n\n\n\n

A recent World Gold Council report found that, based on 2020 data, WGC member companies, of which we are one, found that for every job at a mine, a further six are supported. Of the mine workforce, in-country employees make up 95%; at our sites, this share of local employment is higher, a result of a concerted effort, over time, to ensure as much benefit as possible from mineral development remains in our host countries.<\/p>\n\n\n\n

Transparent and frank dialogue<\/h2>\n\n\n\n

These efforts are part of a strategy to strengthen our social licence to operate. Another important plank in that strategy is to engage in a consistent, transparent and frank dialogue with our stakeholders. These conversations happen on the mine site, in the neighbouring communities and in regional and national capitals. These are part of a broader dialogue with employees, with their representatives in organised labour, with elected and traditional leaders, with representatives of community groups and with interested and affected members of society. They take place through a number of informal and structured engagement forums, through wage talks and through vibrant and responsive grievance mechanisms, among others.<\/p>\n\n\n\n

What each of these have in common is that they require us to listen carefully to what is conveyed to us, and to respond where it is required and feasible to do so, or to provide credible explanations as to why we cannot. We try always to deliver on the commitments we have made, and where we fall short, we aim to be frank and open about the reasons for those failures and to ensure quick and decisive steps are taken to correct them.<\/p>\n\n\n\n

We invite our stakeholders to measure us against these standards.<\/p>\n\n\n\n

Stewart Bailey<\/strong>
Chief Sustainability and Corporate Affairs Officer<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

We invite our stakeholders to measure us against these standards, let us know where we fall short and offer thoughts about what we can do better. It is my privilege to present AngloGold Ashanti\u2019s annual Sustainability Report. While we integrate sustainability into every aspect of our business, we believe it is important to provide this report to help meet the information needs of a broader range of stakeholders. This includes a number of case studies which help bring our sustainability […]<\/p>\n","protected":false},"author":2,"featured_media":377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-view-from-the-top-sr"],"acf":[],"yoast_head":"\nMessage from the Chief Sustainability and Corporate Affairs Officer - Reporting Suite 2024 | AngloGold Ashanti<\/title>\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\/24\/sr\/view-from-the-top-sr\/message-from-the-chiefsustainability-andcorporate-affairs-officer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Message from the Chief Sustainability and Corporate Affairs Officer - Reporting Suite 2024 | AngloGold Ashanti\" \/>\n<meta property=\"og:description\" content=\"We invite our stakeholders to measure us against these standards, let us know where we fall short and offer thoughts about what we can do better. 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