About this report
This report has been prepared by South32 Limited (ABN 84 093 732 597) (South32) for informational purposes only and is intended to assist its investors with understanding its policies and practices to support sustainable development. This report should be read in conjunction with South32's Annual Report and Sustainability Databook, together with other periodic and continuous disclosure announcements lodged with the ASX. These documents are available at www.south32.net
This report has been prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards (Core option), the GRI Mining and Metals Sector Supplement and the ICMM Mining Principles.
Unless otherwise stated, (a) metrics describing health, safety, environment, people and community related performance in this report apply to 'operated operations' that have been wholly owned and operated by South32, or that have been operated by South32 in a joint arrangement(1)(2) from 1 July 2021 to 30 June 2022 (FY22), (b) operations that we acquired or divested during the reporting period are shown for the period we had operational control of those operations and (c) monetary amounts in this report are expressed in US dollars.
Refer to page 14 for an explanation of how the divestment of South Africa Energy Coal and acquisitions of recent mines have been reflected in this report.
Refer to page 69 for information on what is covered by the metrics describing GHG emissions in the Climate Change Action Plan.
We engaged an independent external assurance organisation, KPMG, to provide the Directors of South32 Limited with assurance on select sustainability information, as explained in the independent assurance report in our Sustainability Databook.
Forward-looking statements and scenario analysis
This report contains forward-looking statements, including statements of current intention and expectation and statements of opinion. This includes statements regarding climate change and other environmental and energy transition scenarios. These forward-looking statements reflect South32's expectations at the date of this report, and they are not guarantees or predictions of future performance or outcomes, or statements of fact. They involve known and unknown risks and uncertainties, which may cause actual outcomes and developments to differ materially from those expressed in such statements. For further information regarding South32's approach to risk, see pages 26 to 35 of our Annual Report.
South32 makes no representation, assurance or guarantee as to the accuracy, completeness or likelihood of fulfilment of any forward-looking statement, any outcomes expressed or implied in any forward-looking statement or any assumptions on which a forward-looking statement is based.
There are also limitations with respect to scenario analysis which is discussed in this report, and it is difficult to predict which, if any, of the scenarios might eventuate. Scenario analysis is not an indication of probable outcomes and relies on assumptions that may or may not prove to be correct or eventuate.
Except as required by applicable laws or regulations, South32 does not undertake to publicly update or review any forward-looking statements. Past performance cannot be relied on as a guide to future performance. South32 cautions against reliance on any forward-looking statements or guidance, particularly in light of the long time horizon which this report covers and the inherent uncertainty in possible policy, market and technological developments in the future.
Information prepared by third parties
Certain information contained in this report is based on information prepared by third parties. South32 does not make any representation or warranty that this third party material is accurate, complete or up-to-date.
In this report, references to 'joint arrangements' mean operations that are not wholly owned by South32, such as joint ventures and joint operations. Joint arrangements are classified in accordance with IFRS 11 Joint Arrangements. Joint arrangements and entities that are not operated by South32 are not included in this report unless otherwise stated.
This report refers to commodities 'we produce' and commodities in 'our portfolio', which include commodities such as bauxite, alumina, aluminum and copper that may form part of, or be produced by, entities not operated by South32. References in this report to commodities 'we produce' or in 'our portfolio' should be read in this context.