Sibanye Stillwater : Alignment to the UNGC and SDGs 2020

O U R M I N I N G I M P R OV E S L I V E S
JSE: SSW	NYSE: SBSW

SIBANYE-

STILLWATER'S

ALIGNMENT TO THE

UNITED NATIONS GLOBAL COMPACT AND SUSTAINABLE DEVELOPMENT GOALS

1. UNITED NATIONS GLOBAL COMPACT (UNGC): COMMUNICATION ON PROGRESS

Sibanye-Stillwater joined the United Nations Global Compact (UNGC) at a Participant engagement level in October 2020. We share our progress in aligning with the SDGs and the UNGC in this document, with supplementary disclosure in the Group's Integrated Annual Report (IAR).

Our commitment to the Ten Principles of the UNGC is endorsed by the Chief Executive Officer and is provided on page 84 of the 2020 IAR available at https://www.sibanyestillwater.com/news-investors/reports/annual/, together with other supplementary documents referenced in this fact sheet.

Sibanye-Stillwater seeks to fulfil the Global Compact (GC) advanced level requirements on the annual Communication on Progress (COP) as part of the 2020 IAR. The content in the IAR is in accordance to the Core option of the GRI standards. The Report complies with the International Integrated Reporting Council's (IIRC's) International Integrated Reporting Framework, the King IV Report on Corporate Governance for South Africa, 2016 (King IV), the JSE Listing Requirements, and the South African Companies Act 71 of 2008, as amended (Companies Act). Furthermore, in line with our listing on the NYSE, a Form 20-F is filed with the United States Securities and Exchange Commission (SEC).

External assurance on specific labour and environmental indicators is performed by PwC and the assurance opinion is available on page 307 of the IAR.

1.1 Communication on Progress of Sibanye-Stillwater's activities against the UNGC principles and GC advanced level criteria

UNGC Principle

HUMAN RIGHTS

Disclosure on our action towards the principle and criterion

Reference to additional information

Principle 1

Business should support and respect the protection of internationally proclaimed human rights.

The respect for human rights is fundamental to the culture of Sibanye-Stillwater and is reflected in our CARES value proposition. Sibanye-Stillwater conducts its business in line with national legislation, including the Constitution and the Labour Relations Act, as well as the International Labour Organization guidelines.

To strengthen our commitment to human rights, in 2020 our Human Rights Policy Statement was reviewed to align to the ICMM, United Nations Global Compact and World Gold Council Responsible Mining Principles. The commitments of the Policy Statement include, amongst others, that the Group will eliminate harassment in all forms as well as bullying and discrimination in the workplace and will respect freedom of association. The policy also aims to take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labour as per the UN SDG 8.7.

Empowering our workforce: Pages 183 - 185

Social upliftment and community development: Pages 237 - 238

Human Rights Policy Statement: https://www.sibanyestillwater.com/ sustainability/reports-policies/

PAGE 1

O U R M I N I N G I M P R OV E S L I V E S
JSE: SSW	NYSE: SBSW

UNGC Principle

Disclosure on our action towards the principle and criterion

Reference to additional information

HUMAN RIGHTS

Principle 2

Make sure that they are not complicit in human rights abuses

Within our standard terms and conditions applicable to all supply and outsourcing contracts, suppliers and contractors are required to adhere to a range of legislation relevant to human rights. They are also required to adhere to our own policy statements and Code of Business Ethics. Should a supplier or contractor fail to comply with the Company standards it would be considered a breach of contract and due process will be followed.

During 2020, Sibanye-Stillwater circulated a questionnaire to all existing vendors, requiring them to answer a set of questions relating to ESG matters, which included questions specifically relating to human rights matters such as child labour, fair wages and forced labour practices.

Social upliftment and community development: Pages 237 - 238

Empowering our workforce: Page 192

Best practice criterion as subset of the principle

Criterion 3	The COP describes robust commitments, strategies or policies in the area of human rights	Human Rights Policy Statement: https://www.sibanyestillwater.com/
		sustainability/reports-policies/
		Social upliftment and community development: Pages 237 - 238
		Empowering our workforce: Page 192
		GRI 407-1,408-1,409-1,410-1,412-2
Criterion 4	The COP describes effective management systems to integrate the human rights principles	Social upliftment and community development: Pages 231 - 232
		Empowering our workforce: Pages 182 - 188; 191 - 192
		Corporate governance: Pages 107 - 108
		GRI 407-1,408-1,409-1,410-1 ,412-2
Criterion 5	The COP describes effective monitoring and evaluation mechanisms of human rights integration	Social upliftment and community development: Pages 237 - 238
		Remuneration report: Pages 146 - 147
		GRI 407-1,408-1,409-1,410-1 ,412-2

LABOUR

Principle 3

Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining

The Group's human rights policy statement and Code of Ethics promotes respect of employees' freedom of association and promotes respect for fair labour practices. Sibanye-Stillwater's recognition of freedom of association is reflected in the fact that 87% of the Group's employees in both South Africa and the US are members of a trade union movement.

Empowering our workforce: Page 198

Human Rights Policy Statement: https://www.sibanyestillwater.com/ sustainability/reports-policies/

PAGE 2

O U R M I N I N G I M P R OV E S L I V E S
JSE: SSW	NYSE: SBSW

UNGC Principle	Disclosure on our action towards the principle and criterion	Reference to additional information
LABOUR
Principle 4	Our human rights policy statement includes provisions upholding the elimination of all forms of	Social upliftment and community development: Pages 237 - 238
The elimination of all forms of forced	forced and compulsory labour.	Human Rights Policy Statement: https://www.sibanyestillwater.com/
and compulsory labour		sustainability/reports-policies/
Principle 5	Our human rights policy statement includes provisions prohibiting all forms of child labour.	Social upliftment and community development: Pages 237 - 238
The effective abolition of child labour		Human Rights Policy Statement: https://www.sibanyestillwater.com/
		sustainability/reports-policies/

Principle 6

The elimination of discrimination in respect of employment and occupation

Sibanye-Stillwater is committed to transforming and diversifying its workforce so that it is not only more inclusive but more broadly reflective of the demographics of the countries in which we operate.

Our transformation journey in South Africa is guided and determined by the Mining Charter. The main objectives of this policy document are to deracialise ownership of the industry, expand business opportunities for historically disadvantaged persons, redress the imbalances of historical injustices, and enhance the social and economic welfare of employees and mine communities.

Diversity training is provided during on boarding of employees as well as refresher training when an employee returns from leave.

Empowering our workforce: Page 185; 193

Corporate governance: Page 109

Remuneration report: Page 133

Best practice criterion as subset of the principle

Criterion 6:	The COP describes robust commitments, strategies or policies in the area of labour	Our strategy and strategic delivery : Pages 19 - 23
		Corporate governance: Pages 104 - 111
		Empowering our workforce: Pages 183 - 184
		GRI 102-41,408-1,409-1,410-1,401-1-2,403-1-3,404-1-3
Criterion 7:	The COP describes effective management systems to integrate the labour principles	Empowering our workforce: Pages 183 - 188
		Our purpose, vision and values: Page 6
		GRI 102-41,408-1,409-1,410-1,401-1-2,403-1-3,404-1-3
Criterion 8:	The COP describes effective monitoring and evaluation mechanisms of labour	Corporate governance: Pages 104 - 111
	principles integration	Empowering our workforce: Pages 190 - 194
		GRI 102-41,408-1,409-1,410-1,401-1-2,403-1-3,404-1-3

PAGE 3

O U R M I N I N G I M P R OV E S L I V E S
JSE: SSW	NYSE: SBSW

UNGC Principle	Disclosure on our action towards the principle and criterion	Reference to additional information
ENVIRONMENT
Principle 7	Sibanye-Stillwater acknowledges that mining, by its very nature, is a destructive activity. We have	Our environmental policy statements are available on our website
Businesses should support a	therefore incorporated a vision into our Environmental priority of the Group's environmental,	https://www.sibanyestillwater.com/sustainability/environment/
precautionary approach to	social and governance (ESG) strategy to improve life through the sustainable use of our natural	Managing our risks and opportunities within the external operating
resources, drive environmental consciousness continuous improvement, and a adopt measured
environmental challenges	environment: Pages 26 - 27; 34; 46; 50; 53
transition to a carbon neutral future.
	Our material issues: Pages 68 - 70
		Minimising our environmental impact page: Page 245
		Fact sheet: Environmental incidents in 2020
Principle 8	We have embedded ESG excellence as a central theme of our strategy and in the way we do	Our purpose, vision and strategy: Page 6
Undertake initiatives to promote	business. We have also pursue a range of initiatives and programmes that seek to mitigate our	Minimising our environmental impact: Page 246
environmental impact and also ensure greater responsibility of the environment and the resources
greater environmental responsibility	Harnessing continuous innovation: Pages 278 - 279
we consume. These initiatives specifically relate to the areas of:
	Fact sheet: Biodiversity management
	• Carbon management

• Energy efficiency
• Sustainable water use
• Proper and effective waste management
• Promotion of biodiversity

Principle 9	As a Group, we play a fundamental role in the support and development of environmentally-	Minimising our environmental impact: Pages 251 - 253; 255;
Encourage the development and	friendly technologies and thereby participate in the global fight against climate change. The PGMs	265; 267
we produce are used in the production of catalytic converters in automobiles to remove noxious
diffusion of environmentally-friendly	Fact sheet: Generating clean energy: Beatrix Methane Project
gases from exhaust fumes which thereby limit emissions and promote cleaner air quality. As the
technologies	Embedding ESG excellence: Pages 62 - 67
world's largest primary producer of PGMs, and one of the largest recyclers of catalytic converters,
	we are committed to further expanding this role and in discovering new ways in which our
	products can provide cleaner and more sustainable environments and improve lives.
	Best practice criterion as subset of the principle

Criterion 9:	The COP describes robust commitments, strategies or policies in the area of environmental
	stewardship

Minimising our environmental impact: Page 246

Various environmental policies: https://www.sibanyestillwater.com/ sustainability/reports-policies/

Embedding ESG excellence: Pages 62 - 67

GRI 102-11,102-15,102-12,102-18,102-16,201-2,201-4,203-2,301-1-2,302-1-5,303-1-3,304-1-4,305-1-5 MM1,2,3 &10

PAGE 4

O U R M I N I N G I M P R OV E S L I V E S
JSE: SSW	NYSE: SBSW

UNGC Principle	Disclosure on our action towards the principle and criterion	Reference to additional information
ENVIRONMENT
	Best practice criterion as subset of the principle
Criterion 10:	The COP describes effective management systems to integrate the environmental principles	Minimising our environmental impact: Page 247
		GRI 102-11,102-15,102-12,102-18,102-16,201-2,201-4,203-
		2,301-1-2,302-1-5,303-1-3,304-1-4,305-1-5 MM1,2,3 &10
Criterion 11:	The COP describes effective monitoring and evaluation mechanisms for environmental stewardship	Minimising our environmental impact: Pages 247 - 273
		GRI 102-11,102-15,102-12,102-18,102-16,201-2,201-4,203-
		2,301-1-2,302-1-5,303-1-3,304-1-4,305-1-5 MM1,2,3 &10

ANTI-CORRUPTION

Principle 10

Businesses should work against corruption in all its forms, including extortion and bribery

Sibanye-Stillwater's Code of Ethics requires the reporting of any contraventions to and instances of non-compliance with relevant legislation and regulations. Supported by a whistle-blowing policy, the Code includes procedures to address corruption and bribery that are aligned with the related UNGC principles. The Group also makes use of independent external assurance of anti-corruption programmes.

Furthermore, the Code of Ethics forbids Sibanye-Stillwater from making donations either in cash or in kind to political organisations. In addition to being illegal in South Africa, facilitation payments are forbidden in terms of the Code of Ethics.

Corporate governance: Pages 108 - 109

Code of Ethics: https://www.sibanyestillwater.com/sustainability/ reports-policies/

Best practice criterion as subset of the principle

Criterion 12:	The COP describes robust commitments, strategies or policies in the area of anti-corruption	Corporate governance: Page 108
		Code of Ethics: https://www.sibanyestillwater.com/sustainability/
		reports-policies/
		GRI 102-16,102-17,205-1-3,206-1
Criterion 13:	The COP describes effective management systems to integrate the anti-corruption principle	Corporate governance: Pages 107 - 108
		GRI 102-16,102-17,205-1-3,206-1
Criterion 14:	The COP describes effective monitoring and evaluation mechanisms for the integration of	Corporate governance: Page 109
	anti-corruption	GRI 102-16,102-17,205-1-3,206-1

PAGE 5