CREATING SHARED VALUE
SA GOLD OPERATIONS
SIBANYE-STILLWATER UMDONI TREE
Our vision at Sibanye-Stillwater is to be a leader in superior shared value for all stakeholders.
The sustainable management of our operations is integral to our ability to obtain and maintain our social licence to operate and to generate long-term value for all of our stakeholders, including employees, the communities where we operate, governments and shareholders.
Our iCARES values - innovation, commitment, accountability, respect, enabling, and safety - are at the core of our approach to sustainability. These values support safe operations, enable growth, underpin business strategy and promote competitiveness and success. Our values are embedded in the way we operate and make business decisions and reinforced by continuous communication, education and training.
We represent our business ethos through the indigenous South African Umdoni tree. Our iCARES values are our organisation's fundamental roots, providing a solid basis for how we do business.
The trunk of the tree represents the material strength of the Company derived from our people, and the leaves on the branches represent all our stakeholders. The tree's seeds and fruits signify the varying benefits and value that our success will bring to those stakeholders.
SIBANYE-STILLWATER - CREATING SHARED VALUE I WWW.SIBANYESTILLWATER.COM
OUR APPROACH:
CREATING SUPERIOR SHARED VALUE
Sibanye-Stillwater endeavours for its social upliftment and community development to effect substantial societal change as the measurement of its success. This strategic approach delivers longer-term benefits to the communities and environments in which it operates; it aims to make an impact during and beyond its current mining activities.
The impact that Sibanye-Stillwater has, and continues to make on all its stakeholders, is evident when comparing our shared value in 2013 to 2022.
The value we have created is consistent with our Strategic Differentiator to be a force for good.
¹ Taxes and royalties paid as per the consolidated statement of cash flows in the Group Annual financial report
With enduring social impact as its main driver, Sibanye-Stillwater's social performance is guided by its socio-economic development strategy and roadmap, which include:
Delivery of local socio-economic benefits through the implementation of social and labour plan commitments and corporate social responsibility programmes
Creation of shared value beyond
compliance
Strengthening institutional capacity and unlocking and mobilising partnerships and resources to resolve collective challenges
Contribution to integrated spatial development by improving the living conditions of employees
SIBANYE-STILLWATER - CREATING SHARED VALUE I WWW.SIBANYESTILLWATER.COM | PAGE 1 |
LETTER FROM OUR CHIEF SUSTAINABILITY OFFICER
Everything we do must aim for greater and
more meaningful impact.
VALUED STAKEHOLDER
1 2 3
It is an honour for me to present to you this booklet as testament to Sibanye-Stillwater's commitment to creating enduring value for those communities to which it is most closely connected, during and after the operating lives of our mines.
We realise with the outcomes of projects undertaken as part of our socio-economic development plans, that social upliftment and community development extend beyond mere compliance and must effect sustainable, substantial societal change.
Act (MPRDA), they provide an opportunity for us to carefully craft long-term outcomes that will see these communities become more self-sustaining and more independent of the mines that they host currently but whose lives are finite.
Our SLPs have local economic development, education, skills development, community health and safety as strategic pillars which support projects that facilitate infrastructure, agri-business, and industrial development within local and regional communities.
We have
- socio- economic road map
which outlines
our plan
for socioeconomic development ofhost communities
Catalyst
GOOD NEIGHBOUR
Work towards vision
2025 of behaving
like and being perceived as a good neighbour in operating environments
Participant
SOCIAL COMPACT
Agreement
with regional
role-players and stakeholders to work together towards meaningful development and more strategic, high-impact development initiatives in
the region
Patron
SOCIAL CLOSURE
A state towards the end of the life of mine where alternative economic activities can replace mining-led development and the social asset base has been improved
This means that everything we do in line with our intention of being a force for good must aim for more meaningful socio-economic impact.
Our social performance is guided by our socioeconomic development strategy and roadmap, aimed at ensuring that we meaningfully contribute to the upliftment of the communities close to our operations and with whom we are connected, at a distance, by our employees who come from these areas, through mutual engagement, social compacts, and responsible mine closure.
While our Social and Labour Plans (SLPs) are guided by the Mining Charter, regulations that form part of the Mineral and Petroleum Resources Development
We believe that creating alternative economic opportunities will reduce dependency on the mining operations, minimise post-mine closure social impacts and provide sustainable benefits to host communities. It is in this way that we hope to create a positive social legacy; one that will outlast mining for generations to come.
We invite you to partner with us on this journey of creating superior shared value for our stakeholders and experience the difference we make through our business.
Themba Nkosi
Chief Sustainability Officer
TIMEFRAME | 5 years | 10 years | 20 years | |
ROLE PLAYER | Individual effort | Societal effort | Social effort |
MODERN MINING | SUSTAINABLE | |
TOWNS | ENVIRONMENT | |
• Housing | • Land use strategy | |
• Access to services | • Concurrent | |
• Water | rehabilitation | |
EMPOWERED PEOPLE | ECONOMIC GROWTH | |
• Capacity building | • Economic diversification | |
• Strong institutions | beyond mining | |
• Active citizenship | • Enterprise and supplier | |
development |
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CONTENTS
Our approach - creating superior shared value | 1 |
Letter from our Chief Sustainability Officer | 2 |
Our company - location and key SLP statistics | 4 |
SLP status | 4 |
Engaging with our stakeholders | 5 |
About Sibanye-Stillwater's SLPs | 6 |
Key contributions 2022 | 7 |
Our socio-economic stories - gold | |
Education | 9 |
Healthcare | 13 |
Food security | 15 |
Skills development | 17 |
Social infrastructure | 20 |
Economic development | 24 |
Corporate Social Responsibility | 28 |
SIBANYE-STILLWATER - CREATING SHARED VALUE I WWW.SIBANYESTILLWATER.COM
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Sibanye Stillwater Limited published this content on 23 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2023 07:19:02 UTC.