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Gold Fields ranked as global leader in water stewardship

11th December 2020

By: Tasneem Bulbulia

Deputy Editor Online

     

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Dual-listed Gold Fields has been recognised for leadership in water stewardship and reporting transparency by nongovernmental organisation, the Carbon Disclosure Project (CDP).

The CDP placed Gold Fields on its A list, one of 106 high-performing companies out of more than 5 800 that were ranked, for tackling water security.

“Through significant demonstrable action to protect water resources, Gold Fields is leading in corporate environmental action,” the CDP says.

The award also recognises the company’s commitment to transparent reporting on its water performance.   

This is the first time Gold Fields has achieved an A ranking. Its ranking in previous years ranged from B to A-.

CDP’s yearly environmental disclosure is driven by 515 investors with over $106-trillion in assets. It has asked companies to disclose data on environmental impacts, risks and opportunities through the CDP platform.

“Not only is water a significant input for our mines, it also has a marked impact on the environment around us. Three of the countries in which we operate are classified as water-stressed. Managing water responsibly is therefore critical and our inclusion on the CDP A-list shows that we are on the right track,” says CEO Nick Holland.

During this year, Gold Fields finalised the development and implementation of a group water strategy and has, to date, achieved its targets to manage water use effectively.

Its strategy includes recycling and reusing 70% of all the water it uses in its processes and reducing fresh water intake by 3% to 5% a year until 2023.


 

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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