Significant progress was made during 2014 in further defining and articulating our sustainability strategy, identifying the issues which are material to business performance, and securing leadership commitment and resources.
In the area of health and safety, clear measures of performance have been established and have been in place in the business for some time. In other areas such as community engagement, the process of setting group targets is more challenging given the wide range of countries in which we operate. Where targets have been set, these are outlined in the relevant sections of this report.
Pilot work was also undertaken during 2014 on the application of the International Finance Corporation’s Financial Valuation Tool (FV Tool) in AngloGold Ashanti. The purpose of the tool is to support the business case for sustainability investment by making the value derived from such projects explicit. Sustainable development initiatives at the Geita Gold mine in Tanzania were analysed using the tool during 2014. The initial results are promising and the roll out of this approach is expected to be investigated further and implemented during 2015.
Particular effort has been made over the reporting period to improve our understanding of how complex sustainability-related risks evolve. With this improved understanding, we are better positioned to determine the controls which will prevent these risks developing into safety, environmental, health or security incidents.
2014 implementation progress summary
|Success Criteria||Progress summary|
Progress in 2014
|Defining and articulating our strategy||✓|
|Identifying the sustainable development issues which are material to business performance||–|
|Securing leadership commitment and resources||✓|
|Stakeholder engagement internally and externally to meet objectives||–|
- ✓ Achieved
- – In progress