At Royal Bafokeng Platinum, we are committed to sustainable development as an integral part of the way we do business in all our operations.
The wellbeing of our business depends on the safe, cost-effective and profitable extraction of platinum group metals (PGMs) over the life of the resource, with due consideration for the needs and expectations of all our stakeholders.
RBPlat has an integrated approach to managing sustainability. We are committed to achieving sustainability by balancing our aspirations for a prosperous mining business with responsibility and accountability for our impact on the natural environment, society and the broader economic environment. Our mission, vision and values provide the fundamentals for our approach to our framework for sustainability. Our Board regularly monitors and assesses our sustainability performance against key performance indicators for the following sustainability objectives, which are aligned with the six capitals.
Sustainability and stakeholder engagement framework
RBPlat has a board-approved sustainability and stakeholder engagement framework which guides the operation in implementing sustainability in all aspects of the business. This framework articulates our strategic commitment to sustainable development and best practice stakeholder engagement. It is aligned with the four pillars of our strategy and is influenced by the same element that influences our business strategy: stakeholders, governance and ethics, risk management, the Company’s financial position and our people.
The sustainability and stakeholder engagement framework is in line with the RBPlat sustainability policy.
A management Sustainability Committee has been established to advise and drive the implementation of the sustainability policy, sustainability framework and other pertinent systems and processes. This committee has been established to assist the Board and its committees and is essential for the implementation and co-ordination of sustainability activity throughout the Company.
Each and every financial year we provide our stakeholders with an integrated view of our economic, social and environmental performance in the form of our integrated reporting.
We strive through our integrated report to provide a complete and balanced view of our performance in terms of both the challenges and the successes. It conforms to the requirements of local and international reporting frameworks, including those of the South African Companies Act 2008 and the JSE Listings Requirements. We use the International Integrated Reporting Framework to guide us in structuring our report to show the connectivity between material information on our strategy, governance, performance and prospects and how strategy affects and is affected by environmental, social and financial issues.
We also apply King IV and the South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves (SAMREC Code) and been guided by the Global Reporting Initiative’s (GRI) G4 guidelines and its Mining and Metals sector supplement.
Assurance of sustainability information
We have adopted a combined assurance process to ensure we have adequate assurance (including sustainability data assurance) across the RBPlat Group. An independent third party assurance audit is conducted annually in relation to the sustainability information we publish in our integrated report.
United Nations Global Compact (UNGC)
RBPlat is a signatory to UNGC and supports the 10 principles of the Global Compact with respect to human rights, labour, environment, and anti-corruption. We annually submit a Communication of Progress (COP) that describes our company efforts to implement the UNGCC ten principles.
Our Integrated Report also forms part of our COP to the UNGC.
Carbon Disclosure Project (CDP)
As part of our commitment to environmental management, we voluntarily participate and submit on annual basis the Water Disclosure Programme and Climate Change Disclosure Programme to CDP, an international, not-for-profit organisation providing the global system for companies and cities to measure, disclose, manage and share vital environmental information.