Sibanye-Stillwater scores high for biodiversity

2021-12-10T06:54:50+00:00 December 10th, 2021|News|

Based on its 2020 disclosures, Sibanye-Stillwater has been rated 4th out of 327 JSE-listed companies and 27 State-Owned Enterprises (SOEs) in the third annual National Biodiversity and Business Network of South Africa Biodiversity Disclosure Project, managed by the Endangered Wildlife Trust (EWT). Sibanye-Stillwater says the company’s score improved 15% year-on-year over 2019, placing it as the 2nd best company in the basic materials sector from 3rd in 2019.

Sibanye-Stillwater has stated that it recognises the core importance of biodiversity in ensuring that it prospers as a climate change resilient business by both reducing its climate impact and ensuring the health of ecosystems to promote sustainable mining mineral processing and post-mining land-uses to support communities. Image credit: Sibanye-Stillwater

Whilst only 79/354 JSE-listed companies and SOE’s recognise biodiversity as a material issue, Sibanye-Stillwater has stated that it recognises the core importance of biodiversity in ensuring that it prospers as a climate change resilient business by both reducing its climate impact and ensuring the health of ecosystems to promote sustainable mining mineral processing and post-mining land-uses to support communities.

Defining nature-positive actions and outcomes will take long-term commitment and require science-based assessments, and to this end the company has partnered with the EWT, to achieve this by completing the first Biological Diversity Protocol assessment for all its operations in 2021. The assessment aims to establish baseline hectare equivalents to track, manage and disclose on biodiversity-related metrics. The outcomes of the 2021 Biological Diversity Protocol assessments will be disclosed in the company’s 2021 integrated annual report which will be issued on 22 April 2022.

CEO, Neal Froneman, commented, “As a consequence of putting ESG at the centre of our strategy, it is heartening to be recognised for our biodiversity efforts and disclosures. As one of the largest primary producers of Platinum Group Metals (PGMs), which are used in the production of catalytic converters used in automobiles to remove noxious gases from exhaust fumes, Sibanye-Stillwater is committed to expanding its role in providing a cleaner and sustainable environment and in improving lives. We recognise the need to transition to a climate change resilient business, one that not only minimises our GHG emissions and contribution to global warming but also executes on the protection and restoration of ecosystems to support resilience against the impacts of climate change, both for our business and surrounding communities.”

For more details on Sibanye-Stillwater biodiversity disclosures, please refer to https://reports.sibanyestillwater.com/2020/download/SSW-FS20-biodiversity-management.pdf or as part of our other ESG disclosures at https://www.sibanyestillwater.com/news-investors/reports/annual/2020/.