Gold Fields - Sustainability and Integrated ThinkingSVEN LUNSCHEVP Corporate Affairs at Gold FieldsUN World Data Forum, Cape Town, 18 January 2017

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Gold Fields – Global presence

Gold Fields’ Integrated Reporting and Sustainability Journey | Sven Lunsche | 18 January 2017

PERU

Cerro Corona

Lima GHANA

Tarkwa

Damang

Accra

Johannesburg

SOUTH AFRICA

South DeepAUSTRALIA

Agnew/Lawlers

St Ives

Darlot

Granny Smith

Gruyere

Perth

Mines Regional offices Corporate office Growth Projects

PHILIPPINES

Far Southeast

FINLAND

Arctic Platinum

CHILE

Salares Norte

• Established in 1887

• 10,000 employees

• Listed on JSE, NYSE

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Sustainability and mining

1. High impact industry

2. In the public limelight and under fire from

NGOs

3. Affecting multiple stakeholders –

communities, governments, businesses,

shareholders, trade unions, employees

4. Significant environmental impact

5. Mining is often “the only game in town”

6. Managers have to deal with operational

issues as well as regulatory and social

licence to operate

Gold Fields’ Integrated Reporting and Sustainability Journey | Sven Lunsche | 18 January 2017

Sustainability is critical for the mining industry

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Integrated thinking/reporting and mining

1. Transparency – critical “first line of

defence”

2. Amid heightened public scrutiny – issues

will be uncovered

3. Sustainability and Environmental Social

Governance (ESG) issues are as critical

to mining companies as financial and

operational matters

4. Reliable ESG data critical in integrated

thinking and longer-term sustainable

decision making

5. Integrated reporting gives ESG issues

equal status to operational issues

6. Integrated reporting reflects the integrated

nature of our business

Gold Fields’ Integrated Reporting and Sustainability Journey | Sven Lunsche | 18 January 2017

Transparency and integrated thinking are linked

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Gold Fields - Integrated reporting and sustainability frameworks

2003 – First Sustainability Report as part of AR

2008 – Participation in CDP (A-List)

2009 – King III launched

2010 – First Integrated Annual Report (EY Excellence Ranking)

2010 – First GRI submission (A+, Core)

2011 – First WDP disclosure

2011 – IIRC pilot company

2012 – First DJSI submission (Top 5 in mining)

2013 – First UNGC submission

2013 – <IR> Framework launched

2016 – King IV launched

Gold Fields’ Integrated Reporting and Sustainability Journey | Sven Lunsche | 18 January 2017

Key milestones – Integrated reporting and sustainability frameworks

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Integrated thinking and reporting – Links to <IR> Framework

1. Introduction to the business:

• Vision & Values / Company DNA

• Operating environment

• Business strategy

• Value creation model – trade-offs

• Performance dashboard

2. Governance – Audit Committee oversight

Reporting boundary and how it was

determined

3. Nature/magnitude of trade-offs that influence

value creation

4. Guided by ‘capitals’ – but not strict

adherence

Gold Fields’ Integrated Reporting and Sustainability Journey | Sven Lunsche | 18 January 2017

Consistent elements of our IARs

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UN SDGs and mining

1. Alignment between ICMM’s 10 principles for sustainable mining and SDGs

2. ICMM principles include pledges to protect biodiversity, respect human rights and

contribute to the sustainable development of host communities and countries

3. Working with NGOs on sustainability issues – WWF, IUCN, EITI

4. Closest alignment between SDGs and integrated thinking – SDGs 12 and 17

Gold Fields’ Integrated Reporting and Sustainability Journey | Sven Lunsche | 18 January 2017

Significant overlap between mining’s sustainability work and UN SDGs

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Sustainability reporting – Key challenges

1. The silo-mindset by many corporate executives

2. Need to gradually develop reliable and

consistent ESG data collection and evaluation

3. The need to assure ESG data

4. Content-development that shows the integrated

nature of our business

5. Outcomes-based reporting (as opposed to

outputs) such as socio-economic evaluation

6. Plethora of sustainability reporting frameworks

leads to confusion and reporting fatigue

7. Streamline these frameworks under one

umbrella – IIRC or SDGs?

Gold Fields’ Integrated Reporting and Sustainability Journey | Sven Lunsche | 18 January 2017

Key challenges to sustainability and integrated thinking/reporting