International gold miner Gold Fields has been ranked as the top South African mining company in the 2016 Sustainability Yearbook, one of the most recognised publications highlighting the sustainability performance of listed companies worldwide.
Gold Fields was also one of only a few South African companies included in the Sustainability Yearbook, which will be released at the World Economic Forum in Davos, Switzerland, this week by investment firm RobecoSAM.
The Sustainability Yearbook ranks the sustainability performance of the world’s 2 100 largest companies, including 47 mining companies. Among other factors, it measures management practices surrounding economic, environmental and social engagement approaches.
Gold Fields’ 80% rating (2014: 81%) qualifies it for a Silver Class Award in the Sustainability Yearbook as it is within five percentage points of the mining sector leaders, Newmont Mining of the US.
This is the fifth successive year that Gold Fields has received a Silver Class award, which indicates that its sustainability practices rank with the best of resources companies worldwide. Not only is Gold Fields the highest ranked South African company it is only slightly behind Newmont and Canada’s Barrick as the top-rated global gold mining company.
“We have consistently performed well in these rankings, illustrating our commitment to best management practices in all areas of our operations, including environmental, governance and social,” says Gold Fields CEO Nick Holland.