{"id":541,"date":"2026-03-02T04:00:13","date_gmt":"2026-03-02T02:00:13","guid":{"rendered":"https:\/\/reports.anglogoldashanti.com\/25\/?p=541"},"modified":"2026-03-22T12:35:02","modified_gmt":"2026-03-22T10:35:02","slug":"message-sesc-chairperson","status":"publish","type":"post","link":"https:\/\/reports.anglogoldashanti.com\/25\/sr\/leadership\/message-sesc-chairperson\/","title":{"rendered":"Message from the Chair of the Social, Ethics and Sustainability Committee"},"content":{"rendered":"\n
\n

Message from the Chair of the Social, Ethics and Sustainability Committee<\/h1>\n\n\n
\n
\n

Mining is a complex business and many of our operations are situated at remote sites in complex regions. Our people\u2019s unwavering commitment underpins the strong progress described in this report.<\/p>\n<\/blockquote>\n<\/div>\n\n\n\n

\n

This report marks my first full year as Chair of AngloGold Ashanti\u2019s Social, Ethics and Sustainability Committee (SES Committee), and it comes at a time of sustained uncertainty and significant change in the global operating environment. Geopolitical instability, persistent inflationary pressures and social disruption across many regions continue to shape the context in which the gold industry operates. These same forces have contributed to a very strong gold price, reinforcing gold\u2019s role as a store of value, while also sharpening expectations of how producers conduct their business in all jurisdictions.<\/p>\n\n\n\n

AngloGold Ashanti approaches this environment as a committed long-term, multi-generation investor. That perspective underpins our commitment to ethical conduct, responsible environmental stewardship and meaningful engagement with stakeholders. In periods of volatility, maintaining trust is essential. For our business, that trust is built through consistency, transparency, applying high standards, managing risk rigorously and ensuring that the benefits and impacts of our activities are properly understood and responsibly managed.<\/p>\n\n\n\n

The SES Committee is mandated by the Board to oversee all these matters on its behalf. Our role is to provide assurance that the Company\u2019s approach to sustainability-related risks and opportunities is disciplined, integrated and aligned with its purpose and values. These issues are increasingly interconnected with operational and financial performance, and the distinction between them continues to narrow.<\/p>\n\n\n\n

A key area of focus during the year has been the Company\u2019s materiality assessment. Applying a double-materiality lens enables us to consider both the impacts of our activities on people and the environment, and the ways in which those impacts may translate into financial risk or opportunity over time. This risk-based approach informs not only what we disclose, but what we prioritise, monitor and govern.<\/p>\n\n\n\n

Within this framework, tailings storage facility management remains the most significant infrastructural, social, environmental and safety-related material sustainability issue for the Company. While AngloGold Ashanti has a strong track record, the consequences of any failure \u2014 for communities, for the business and for the wider industry \u2014 could be severe and long-lasting. The Board and this Committee therefore receive regular, detailed updates from internal experts on the condition and governance of our tailings portfolio, and on progress towards alignment of each of our tailings facilities with global standards. Our focus extends beyond compliance to ensuring that systems, expertise and accountability remain robust over the full life cycle of our facilities.<\/p>\n\n\n\n

Artisanal and small-scale mining (ASM) continues to present one of the most complex social and ethical challenges facing the gold industry. The growth of informal ASM, including illegal ASM activity, spurred by record gold prices, has implications for safety, human rights, environmental protection and community (and even government) stability, often in regions already under economic and social pressure with high unemployment. While these activities typically fall outside the control of legitimate operators, they can nonetheless affect social licence to operate and the longer-term operational environment.<\/p>\n\n\n\n

The Committee has spent considerable time understanding both the risks associated with ASM and the numerous mitigation measures being pursued, including consistent engagement with governments and support for responsible and legal approaches where appropriate. While initiatives aimed at alternative livelihoods remain an important part of the overall approach, their ability to displace an activity that has become so much more lucrative in recent years, especially in the short term, is limited. This remains a systemic issue requiring collaboration well beyond any single company.<\/p>\n\n\n\n

The effectiveness of the Committee\u2019s oversight is strengthened by the diverse experience and expertise of its members. The Committee benefits from open debate and constructive challenge, drawing on different professional backgrounds and perspectives. This diversity supports robust decision making and ensures that management is appropriately supported and challenged.<\/p>\n\n\n\n

During the year, the Committee also maintained oversight of safety, health, security, human rights, environment and governance systems, as well as the political landscape in our operating jurisdictions. While good progress continues to be made, we remain conscious that maintaining credibility requires transparency about both achievements and areas where further improvement is needed. Sustainability performance is ultimately demonstrated through consistent execution on the ground, rather than through policy statements alone.<\/p>\n\n\n\n

AngloGold Ashanti operates in jurisdictions where expectations of corporate behaviour continue to evolve, and where regulatory approaches are not always aligned. In this context, the Committee\u2019s focus remains firmly on fundamentals: protecting people, managing environmental and social risks responsibly, understanding where we have fallen short and how we can do better, and ensuring that the Company continues to earn and maintain its social licence to operate.<\/p>\n\n\n\n

In closing, I would like to acknowledge the significant efforts of management, employees and contractors across the Group. Mining is a complex business and many of our operations are situated at remote sites in complex regions. Our people\u2019s unwavering commitment underpins the strong progress described in this report. On behalf of the Board, the SES Committee will continue to provide rigorous oversight as AngloGold Ashanti navigates an increasingly complex and demanding operating environment.<\/p>\n\n\n\n

\n

Focus areas:<\/h4>\n\n\n\n
    \n
  • Safety performance monitoring and lessons learnt<\/li>\n\n\n\n
  • Tailings storage facility oversight and conformance<\/li>\n\n\n\n
  • Community relations, including ASM and illegal mining impact<\/li>\n\n\n\n
  • Government relations and geo-political landscape<\/li>\n\n\n\n
  • Environmental stewardship, climate change and biodiversity management<\/li>\n<\/ul>\n<\/div>\n\n\n\n

    Bruce Cleaver
    Chair: Social, Ethics and Sustainability Committee<\/strong>
    16 March 2026<\/p>\n<\/div>\n<\/div>\n\n\n\n

    \n
    <\/span>\"\"
    \n

    <\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Mining is a complex business and many of our operations are situated at remote sites in complex regions. 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