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Sibanye attains A- rating for water management, climate change disclosures

Sibanye's nickel operation in Brazil

Sibanye's nickel operation in Brazil

14th February 2024

By: Marleny Arnoldi

Deputy Editor Online

     

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JSE- and NYSE-listed Sibanye-Stillwater has attained an A- rating for its water security and climate change disclosures by Carbon Disclosure Project (CDP) for the 2023 assessment period.

CDP is a global nonprofit organisation that manages the world’s environmental disclosure system for companies and regions. It works with many companies to disclose their environmental impacts, reduce greenhouse-gas emissions, safeguard water resources and protect forests.

Sibanye’s water CDP rating improved from B to A- and is notably higher than the average global submissions, which hold a C- rating, the average C- rating for the African region, and the average B- rating for the metallic mineral mining sector.

Additionally, Sibanye’s climate change CDP rating score of ‘A-‘ exceeded the average C- rating of the global submissions, the average B- rating for the African region, and the metallic mineral mining sector’s average C- rating.

CEO Neal Froneman says the company’s commitment to achieving carbon neutrality by 2040 is unwavering. “Our comprehension of the interdependencies between climate change and water security positions us favourably to mitigate risks, aid local communities, and steer actions towards constructing a business that is sustainable and resilient to climate change.”

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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