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ESG Report 2020 Supplement to the Annual Integrated Report 2020 Our key performance indicators (KPIs) Our 2020 performance data includes Impala Canada which was incorporated into the Implats Group on 13 December 2019 KPI: KPI: KPI: KPI: Zero fatalities 20% year-on-year improvement Year-on-year reduction in number TB incidence rate below estimated in LTIFR performance of new cases of occupational disease national South African average of 567 per 100 000 FATALITIES AT MANAGED LTIFR AT MANAGED NEW NOISE-INDUCED HEARING ANNUALISED TB INCIDENCE OPERATIONS: OPERATIONS: LOSS (NIHL) CASES (+10% SHIFT) RATE PER 100 000: SUBMITTED FOR COMPENSATION: 5 4.55 62 293 (SA operations) (2019: 5) (14% improvement y-o-y) (3% decrease y-o-y) (13% reduction y-o-y) For more information refer to page 44. For more information refer to page 44. For more information refer to page 40. For more information refer to page 39. 9 6.88 519 530 8 102 6.35 6.01 88 447 7 5.30 4.55 337 5 5 61 64 62 293 2016 2017 2018 2019 2020* 2016 2017 2018 2019 2020* 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 KPI: KPI: KPI: KPI: Reduce direct (scope 1) carbon Reduce indirect (scope 2) carbon Ongoing operational efficiency Continue to deliver on our social emissions by 2% on 2017 levels emissions by 5% on 2008 levels improvements to ensure 40% of commitments through projects that by 2020 by 2020 water consumed is recycled water meaningfully mitigate social challenges in our host communities SCOPE 1 EMISSIONS: SCOPE 2 EMISSIONS: WATER RECYCLED: SOCIO-ECONOMIC 419kt 3 225kt 44% DEVELOPMENT SPEND: (target 392kt by 2020) (target 2 568kt by 2020) (target of 40%) R113 million in South Africa For more information refer to page 98. For more information refer to page 98. For more information refer to page 95. 3 418 3 225 46 US$2.6 million 411 419 3 122 3 188 3 061 45 44 372 400 392 41 42 in Zimbabwe C$137 000 in Canada For more information refer to page 64. 2016 2017 2018 2019 2020* 2016 2017 2018 2019 2020* 2016 2017 2018 2019 2020* ■ Target ■ Target ■ Target * Year-on-year comparability impacted by the inclusion of Impala Canada. KPI achieved Improved performance, KPI not achieved Performance unchanged or deteriorated, KPI not achieved In progress NAVIGATION STRATEGIC PILLARS For easy navigation and cross referencing, we have included the adjacent icons within this report: Our strategic pillars to make referencing between our report suite easier. With this report we also include additional information relating to online topics. Responsible Operational Organisational Strategic pillars and strategies corporate excellence in effectiveness Our strategic pillars are defined as the deliberate goals established to achieve our stewardship PGMS vision and mission, underpinned by our values, while our strategies define how the Company will achieve these strategic pillars. Optimal capital Competitive Market Information available elsewhere in this report structure portfolio aligned development to market and value chain requirements optimisation Information available on our website OUR GOVERNANCE AND HEALTH, WELLBEING SHAPING OUR CULTURE AND DEVELOPING RESPECTING HOST MITIGATING OVERVIEW MANAGEMENT APPROACH AND SAFETY EFFECTIVE PEOPLE WHO RESPECT AND CARE COMMUNITIES ENVIRONMENTAL IMPACTS APPENDIX Contents The purpose of this report is to provide our IFC Summary performance data stakeholders with a transparent account of how OVERVIEW we addressed the most material environmental 01 management, social responsibility and corporate 2 Our approach to reporting governance issues our Company faced during the 3 Our vision, mission and values 4 Our business at a glance financial year 2020. 6 Supporting global goals for sustainable development 8 Statement by the chairperson of the social, transformation and remuneration committee RECOGNITION FOR ESG EXCELLENCE 12 CEO statement The Group’s strong management of environmental, social and 02 OUR GOVERNANCE AND MANAGEMENT APPROACH governance (ESG) issues is recognised in global rankings by 18 Sustainability governance leading agencies: 22 Upholding ethics and integrity 24 Respecting human rights 25 Engaging our stakeholders Implats is a constituent of the 33 Our risk management process FTSE4GOOD Index 03 HEALTH, WELLBEING AND SAFETY 36 Employee health and wellbeing 42 Employee and contractor safety Implats maintained its inclusion in the SHAPING OUR CULTURE AND DEVELOPING EFFECTIVE PEOPLE FTSE/JSE Responsible Investment Top 04 WHO RESPECT AND CARE 30 Index 50 Organisational design and culture 53 Attracting, retaining and developing talent FTSE INDEX 2020 58 Employee relations Implats ESG performance is rated above sub-sector and 61 Diversity and inclusion industry averages (ESG rating in 2019: 4.2) 05 RESPECTING HOST COMMUNITIES 4.7 5.0 4.4 66 Our approach 4.5 4.2 4.3 4.2 4.0 67 Community relations 3.4 3.3 3.5 3.0 3.1 70 Community wellbeing and development 3.0 2.5 2.2 77 Inclusive procurement and enterprise and supplier development 2.0 1.8 1.8 82 Accommodation and living conditions Rating 1.5 1.0 85 Social legal compliance 0.5 0.0 MITIGATING ENVIRONMENTAL IMPACTS ESG rating Environment Social Governance 06 ■ Impala Platinum Holdings ■ Sub-sector average: Platinum and precious metals 91 Our approach ■ Industry average: Basic materials 92 Environmental legal compliance and management systems 95 Water stewardship Source: FTSE Russell Peer Comparison Tool June 2020. 98 Energy management and climate change 102 Air quality management 104 Mineral waste management Ranked among the top 100 companies 108 Non-mineral waste in the Vigeo Eiris best emerging-markets 110 Mine closure, rehabilitation and biodiversity performers ranking for corporate environmental, social and governance 07 APPENDIX responsibility. 114 Independent review of Implats’ 2020 Social Investments 116 Climate disclosures related to the recommendations of the TCFD Implats is one of 325 companies 118 Performance tables globally and one of only eight South 133 Independent auditor’s assurance report on selected sustainability information 137 Glossary African companies to have entered the IBC Contact details and administration Bloomberg Gender Equality Index in January 2020. Implats was part of a select group (72 out of 2 435) of companies in 2019 WE WELCOME YOUR FEEDBACK TO ENSURE WE COVER ALL that received an A rating from the global ASPECTS THAT MATTER TO YOU Carbon Disclosure Project (CDP) for Go to www.implats.co.za or email [email protected] disclosures, awareness and to provide us with your feedback. management of water security risk. Implats also received a B performance score for its 2019 CDP climate response ONLINE www.implats.co.za submission. This is higher than both the • Direct access to all our reports • Our website has detailed investor, sustainability and business information metal smelting, refining and forming sector average of C and Africa regional @impalaplatinum.com average of B-. http://www.youtube.com/implats http://www.linkedin.com/company/impalaplatinum limited IMPLATS ESG REPORT 2020 1 Our approach to reporting Our disclosure on ESG follows best practice, with strong oversight at board and executive management level. BOUNDARY AND SCOPE The information in this report relates to the financial year 1 July 2019 to 30 June 2020 also referred to as 2020 throughout the report. The report covers the operations over which we have direct management control and for which we set and implement policies and standards: Impala, Marula, Zimplats and Impala Canada. The acquisition of Impala Canada was concluded in December 2019 and quantitative operational data for the second half of the financial year is included in this report. The operational performance of our non-managed entities, notably Mimosa (Midlands Province, Zimbabwe) and Two Rivers is covered in our Integrated Report. As such, the performance data reported here excludes these non-managed operations. MATERIALITY This report follows on from our Sustainable Development report published in September 2019, covering the 2019 financial year, and has been renamed to more accurately reflect our disclosure concerning environmental management, social responsibility and corporate governance. The content of the report is aimed at communicating our governance processes, risk management approaches and delivery on various ESG initiatives and commitments. Our material ESG focus areas are identified through our structured risk management process, our approach to creating value, an assessment of our most significant impacts on human, natural, social and relationship capitals and with consideration of the views and interests of our stakeholders. The chapters of this report have been structured to reflect these focus areas and associated issues. REPORTING STANDARDS This report has been compiled in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards, the FTSE/ JSE Socially Responsible Investment (SRI) requirements, and internally developed guidelines on reporting, which are available on request. We have provided a separate more detailed response to the GRI Standards in a comprehensive GRI response table, available at www.implats.co.za/implats.annual-reports.asp. Implats is a signatory to the principles of the United Nations Global Compact (UNGC) and this report serves as our advanced level UNGC Communication on Progress (CoP), outlining our support for its broader development objectives and our work on implementing the principles. MEASUREMENT UNITS Monetary amounts referred to in this report have been expressed in South African rand (R), US dollars (US$) and Canadian dollars (C$). Where appropriate, and to facilitate comparability, we have presented the amount in South African rand (R). During the reporting period, the average cost of US$1 was R15.67 and C$1 was R12.07. We have used a total production of 19 576 kilotonnes milled (this accounts for tonnes of ore milled at our managed operations (2019: 19 469 kilotonnes milled)) to calculate intensity or efficiency ratios for water, carbon dioxide and energy consumed. Performance data is for the respective financial year period unless calendar year data is specified.
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