{"id":566,"date":"2025-02-03T10:29:56","date_gmt":"2025-02-03T08:29:56","guid":{"rendered":"https:\/\/reports.anglogoldashanti.com\/24\/?p=566"},"modified":"2025-03-24T19:33:42","modified_gmt":"2025-03-24T17:33:42","slug":"responsible-and-secure-sourcing-and-local-procurement","status":"publish","type":"post","link":"https:\/\/reports.anglogoldashanti.com\/24\/sr\/our-commitments\/responsible-and-secure-sourcing-and-local-procurement\/","title":{"rendered":"Responsible and secure sourcing and local procurement"},"content":{"rendered":"\n

As a global company operating in many diverse jurisdictions, we procure from and engage with a broad range of entities, both large and small.<\/p>\n\n\n\n

Our approach to our supply chain goes well beyond conventional considerations of cost and quality, and we are concerned with the labour, ethics and environmental practices of our direct and indirect suppliers. <\/p>\n\n\n\n

We recognise that having access to economic opportunity, either through employment or business opportunities, can be life-changing to local communities, reducing poverty and inequality, while creating sustainable economic growth. We believe that focusing on procuring locally is an important aspect of creating value for our host communities and addressing the issues that impede domestic industry development and growth.<\/p>\n\n\n\n

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Material issues<\/h4>\n\n\n\n
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  • Social licence to operate<\/li>\n\n\n\n
  • Licencing and permitting<\/li>\n<\/ul>\n<\/div>\n\n\n\n
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    Related SDGs<\/h4>\n\n\n\n
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    Principal risks<\/h4>\n\n\n\n
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    • Adverse regulatory changes to mining rights and adverse fiscal changes<\/li>\n\n\n\n
    • Loss of or threats to social licence to operate<\/li>\n\n\n\n
    • Inability to meet investor expectations or to mine responsibly (ESG performance)<\/li>\n\n\n\n
    • Adverse gold and commodity prices, and currency movements<\/li>\n<\/ul>\n\n\n\n

      Disclosure against standards<\/h4>\n\n\n\n
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      • SASB EM-MM-510.a:<\/strong> Description of the management system for prevention of corruption and bribery throughout the value chain<\/li>\n\n\n\n
      • GRI 14-9:<\/strong> Economic Impacts<\/li>\n\n\n\n
      • GRI 14-10:<\/strong> Local Communities<\/li>\n\n\n\n
      • GRI 14-19:<\/strong> Forced labour and modern slavery<\/li>\n\n\n\n
      • GRI 14-21:<\/strong> Non-discrimination and equal opportunity<\/li>\n<\/ul>\n<\/div>\n\n\n\n
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        <\/span>\"\"
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        Our commitment<\/h4>\n\n\n\n

        We ensure responsibly sourced products, and expect the same commitment from those we procure from. We also support local procurement as far as possible, by collaborating with local businesses and communities.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n

        Our approach<\/h2>\n\n\n\n
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        Responsible sourcing, value chain strengthening and local procurement<\/h3>\n\n\n\n

        We commit to responsible sourcing \u2013 going beyond the conventional considerations of cost and quality, and investigating the labour, ethics, and environmental practices of our direct and indirect suppliers. <\/p>\n\n\n\n

        We support our suppliers in conducting their business with respect for human rights and engage in inclusive procurement practices by collaborating with local businesses and communities. We prioritise employing individuals from communities surrounding our operations. <\/p>\n\n\n\n

        Our global procurement activities adhere to a stringent governance policy, holding suppliers to the same ethical standards expected from our internal operations. Suppliers are required to commit to our Supplier Code of Conduct, aligning their businesses with our policies and ethical codes related to human rights, labour relations, employment practices, environmental standards, anti-bribery and corruption policies, and safety procedures. <\/p>\n\n\n\n

        Our Supplier Self-Assessment Questionnaire serves as a process for the registration and disclosure of supplier information before contract award.<\/p>\n\n\n\n

        Supplier self assessment<\/h3>\n\n\n\n

        Our Supplier Self-Assessment Questionnaire was amended during 2024 to request additional information to enable us to highlight:<\/p>\n\n\n\n

        Export control and sanctions risks <\/em><\/h4>\n\n\n\n

        This means, among other things, identifying organisations or any of its ultimate beneficial owners or any person who directly or indirectly controls the organisation which have been identified on a country, regional, local or provincial government restricted party list; or located, organised, or ordinarily resident in a jurisdiction subject to comprehensive sanctions; or owned or controlled by, or acting on behalf of, a sanctioned government.<\/p>\n\n\n\n

        Women ownership and empowerment ratios, and enterprise development<\/em><\/h4>\n\n\n\n

        We also introduced formal processes to track and report on women ownership and empowerment ratios and enterprise development initiatives.<\/p>\n\n\n\n

        Combating bribery and corruption and conflict of interest<\/h3>\n\n\n\n

        We combat bribery and corruption through our Anti-Bribery and Anti-Corruption Standard, guiding employees and suppliers in upholding non-negotiable values. The updated version of the standard was published during 2024, reinforcing our dedication to ethical practices. Similarly, the Conflicts of Interest Standard mandates disclosure of any conflicts related to procurement activities. An updated version of this standard was also published during 2024.<\/p>\n\n\n\n

        Local procurement<\/h3>\n\n\n\n

        Our local procurement programmes demonstrate partnerships with locally owned and operated companies. We published our framework and guideline on local business development during 2024 to formalise the process through which we contribute to local business development through local procurement, creating both economic and social value. <\/p>\n\n\n\n

        In cases where international firms are involved, they are encouraged to establish a local presence through in-country operations or local joint ventures. While regulatory requirements do not mandate local procurement in Australia and Brazil, we actively seek local partners in these jurisdictions. Although our primary listing moved to the NYSE in 2023, we maintain a secondary listing on the JSE, and remain committed to supporting both legacy and other initiatives in South Africa. <\/p>\n<\/div>\n\n\n\n

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        What we measure<\/h3>\n\n\n\n
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        Vendor evaluations undertaken<\/h6>\n
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