Introduction

OUR APPROACH TO SUSTAINABILITY IS EMBEDDED IN OUR CORPORATE STRATEGY AND IS AN INTEGRAL PART OF OUR PURPOSE, WHICH IS TO CREATE ECONOMIC VALUE FOR ALL OUR STAKEHOLDERS BY DELIVERING ON OUR MORE THAN MINING PHILOSOPHY.

We recognise that to achieve sustainability requires 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 approach commits us to being environmentally responsible and creating value for society. Our application of high standards of corporate governance, which support ethical and effective leadership and ensure effective risk management, is also an integral part of our approach to the sustainability of RBPlat.

We believe that our commitment to applying good environmental, social and governance (ESG) practices to our production of PGMs supports value creation in our business.

Materiality

In order to understand what is material to our business and stakeholders we conduct an annual materiality process, which identifies the risks and opportunities RBPlat and its stakeholders see as being most material.

Our materiality process helps us provide our stakeholders with a balanced and holistic view each financial year of our economic, social and environmental performance.

We prioritise and review our material issues every year and changes are made, if necessary, in terms of:

  • their possible financial impact on our business
  • the degree to which they affect our stakeholders and ourselves
  • the extent to which an issue is likely to grow in significance and impact our business in the future
  • the business opportunities issues present
  • the level of risks they present
  • impact on the six capitals
  • reputational impact.

Materiality identification process

  • Stakeholder engagement to identify both retrospective and future material issues

  • Collate, analyse, rank and categorise information collected during materiality engagements

  • Present our findings to the Board and its committees

  • Obtain agreement on our material issues

  • Apply the agreed material issues in our reporting with the aim of providing our stakeholders with a balanced view of our business


The results of this process form the basis of our ESG and sustainability reporting. Sustainability key performance indicators (KPIs) related to our material issues are continually monitored through our sustainability performance dashboard.

The UN SDGs

Following the adoption of the United Nations Sustainable Development Goals (UN SDGs) by all UN member states in 2016, RBPlat prioritised the SDGs based on what we believed our contribution to them could be. We incorporated the SDGs into our Sustainability Framework and we set targets and key performance indicators (KPIs) for the four SDGs that we identified as our main focus areas, which are SDGs

Our main focus areas

GOOD HEALTH AND WELL-BEING

3

DECENT WORK AND ECONOMIC GROWTH

8

RESPONSIBLE CONSUMPTION AND PRODUCTION

12

CLIMATE ACTION

13

We also identified the SDGs to which we can make a direct contribution and those to which we can make an indirect contribution. Our progress with regard to our contribution to the SDGs is reported on annually in our integrated report.


Direct contribution

NO POVERTY

1

QUALITY EDUCATION

4

GENDER QUALITY

5

CLEAN WATER AND SANITATION

6

AFFORDABLE AND CLEAN ENERGY

7

Indirect contribution

ZERO HUNGER

2

INDUSTRY,
INNOVATION
AND INFRASTRUCTURE

9

REDUCED INEQUALITIES

10

SUSTAINABLE CITIES AND COMMUNITIES

11

LIFE BELOW WATER

14

LIFE ON LAND

15

PEACE,JUSTICE AND STRONG INSTITUTIONS

16

PARTNERSHIPS FOR THE GOALS

17

The Ten Principles of the UN Global Compact

Corporate sustainability starts with a company’s value system and a principles-based approach to doing business. This means operating in ways that, at a minimum, meet fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption. RBPlat is a signatory to the Ten Principles of the UN Global Compact, which we have incorporated into our strategies, policies and procedures. We also apply the UN Voluntary Principles on Security and Human Rights. These commitments underpin our aspiration of achieving More than mining, establishing a culture of integrity and meeting our responsibilities to people and the planet.

Sustainability objectives

Our mission, vision, purpose and values provide the fundamentals for our approach to our sustainability framework. Our Board regularly monitors and assesses our sustainability performance against key performance indicators for our sustainability objectives, which are aligned with the six capitals.

Towards sustainability

Our efforts towards achieving sustainability and our aspiration to deliver More than mining include our support of the achievement of UNGC Principles and UN SDGs of our main focus areas for RBPlat.

Our sustainability objectives

    The capitals impacted
1. Safety and health stewardship To adopt a safety first philosophy to achieve zero harm to our employees through effective and efficient monitoring, prevention and management of safety and occupational risks. Human capital
2. Human capital development

To adopt a people first philosophy that enhances the intellectual and productive capacity of our employees by creating a safe and secure working environment.

To transform our workforce and create a working environment that encourages innovation and collaboration across functions and operations.

Intellectual, human and social capital
3. Environmental stewardship

To employ mine development and extraction methods that minimise damage, pollution and disturbance to the natural environment and ecosystems and to consider the impact in the future of our activities today in our mine closure plans. We take a precautionary approach to the environmental impact of all our activities.

Natural, financial and intellectual capital
4. Social contribution To continually identify development priorities that will contribute to the lasting social and economic well-being of our communities and empower them to sustain themselves beyond mining activities. Social, financial and intellectual capital
5. Responsible production To seek, develop and implement relevant and appropriate platinum group metals (PGM) production approaches with the aim of enhancing both our safety (zero harm) and productivity performance. We employ cost-effective and efficient production methods to achieve a risk-adjusted rate of return. We aim to secure the long-term viability of our PGM resource through the efficient development of our ore reserves to create immediately available ore reserves (IMA) and immediately stopable faces (IMS) and to pursue operational excellence in productivity and project development. Manufactured, natural and intellectual capital
6. Stakeholder engagement To openly engage, communicate and respond to stakeholders’ legitimate concerns and interests, within boundaries that protect the integrity and dignity of our stakeholders and our business. Social and relationship capital
7. Effective risk management To maintain an optimised level of risk management and risk governance through which we are able to provide the business with the information it needs to effectively manage its risks and opportunities and continually take the corrective actions that will enable the business to deliver on its strategy. Intellectual and human capital
8. Ethical business practices To achieve and maintain good governance by applying the King IV Code, which protects and creates value and ensures ethical, effective and responsible leadership at board and executive level, as well as throughout the business. Intellectual, financial and human capital
9. Economic contribution To employ cost-effective and efficient investment capital methods for the production of PGMs to generate a risk-adjusted rate of return. Financial capital
10. Responsible decision-making To integrate sustainable development principles into our business strategy and all decision-making processes in order to achieve responsible resource allocation and cost-effective and efficient design, operation and closure of our operations. Financial, intellectual and social and relationship capital

RBPlat has an integrated approach to managing sustainability. We are committed to achieving sustainability through 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. This includes clearly defined objectives, priorities and targets. It supports the meeting of legislative requirements, managing any catastrophic hazards associated with our business and maintaining our social licence to operate.