Two International Council on Mining and Metals (ICMM) member companies were recognized for their excellence in sustainability reporting during the annual Building Public Trust Awards sponsored by PriceWaterhouseCoopers. The awards place a particular focus on the clarity and transparency of reporting in four categories:
Gold Fields received the prize in the Overseas award: towards integrated reporting category and Anglo American was recognized for excellence in reporting in the FTSE 100.
Both companies report in line with ICMM’s Sustainable Development Framework. The framework is made up of three elements – a set of commitments (10 principles and six supporting position statements), public reporting using the Global Reporting Initiative guidelines and independent third party assurance.
Gold Fields CFO Paul Schmidt accepted the award from Prof Mervyn King, chairman of the International Integrated Reporting Committee (IIRC).
René Médori, Finance Director of Anglo American, said “This is a very prestigious award and we are honoured to be receiving it for the second time. Gaining the trust of stakeholders is a clear imperative for all businesses, and is all the more critical in the mining industry.”
In his keynote address Ian Powell, PwC Chairman and Senior Partner, commended the organizations that had been successful in delivering excellence in their reporting.
He said, “It is clear that business needs to engage with society to build trust. Through informed and open debate on the role of business in society, we should help to map out a new type of responsible capitalism. However if we are to build broad and sustainable trust, transparency needs to go much further than the financial numbers, to encompass the full range of an organization’s impacts.”