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Gold Fields sets dates for gender diversity, water conversation and decarbonisation targets

Kitco News

Top ten gold miner, Gold Fields (JSE, NYSE: GFI), said today its targeting 30% women representation by 2030.

The miners said that in 2020 it had 21% gender diversity.

The company released target dates for a several environmental social governance priorities.

"Gold Fields has already made significant progress in many ESG priority areas, and we now have to build on this to meet our commitments to stakeholders and the environment," says Gold Fields CEO Chris Griffith.

The company said it is targeting scope 1 and 2 carbon emissions by 30% on a net basis and by 50% on an absolute basis by 2030. As a signatory to the Paris Agreement on climate change, Gold Fields said it is committed to Net Zero carbon by 2050.

The company plans to increase water recycling from 71% in 2020 to 80% by the end of the decade.

To reduce energy emissions, the company is said it invested $400 million in energy projects, largely funded through power purchasing agreements (PPAs), already ensuring that two of its Australian mines are partially powered by renewable energies.

The company is also commencing the construction of a R715m (US$44.83 million) solar power plant at South Deep that will provide the mine with about a quarter of its power requirements and save it over R120m (US$7.52 million) a year in electricity costs. The capacity of the plant has been increased from 40MW to 50MW.

Gold Fields ranked top five in Kitco's survey of gold miners.

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