Johannesburg, 14 February 2024: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) proudly announces its recent accolades from CDP, a renowned non-profit organization overseeing the global environmental disclosure system. The mining group has received an ‘A-‘ rating for both its water security and climate change disclosures, signifying its commitment to implementing current best practices in these crucial environmental domains.
CDP’s evaluation positions Sibanye-Stillwater at the Leadership Band, acknowledging the company’s dedication to environmental stewardship and adherence to the highest standards in mitigating climate change impacts and ensuring water security. This accolade reflects the company’s progress, with the water CDP rating improving from B to A-, surpassing the average global submissions and outperforming the African region’s average C-rating and the Metallic mineral mining sector’s average B- rating.
In addition, Sibanye-Stillwater’s Climate Change CDP rating of A- stands out, exceeding not only the global average C-rating but also surpassing the African region’s average B-rating and the Metallic mineral mining sector’s average C-rating. The company’s commitment to transparency is evident through its 2023 Water and Carbon CDP disclosure submissions, accessible for reference on the company’s official website.
CEO Neal Froneman expressed his satisfaction with the recognition, stating, “We are encouraged and heartened by the recognition of our water and climate change initiatives and transparent disclosure. Our commitment to achieving carbon neutrality by 2040 is unwavering.”
Froneman emphasized the company’s understanding of the intricate interdependencies between climate change and water security, positioning Sibanye-Stillwater favorably to mitigate risks, support local communities, and construct a business that is both sustainable and resilient to climate change.
The ‘A-‘ rating signifies a Leadership Band, highlighting that Sibanye-Stillwater is implementing current best practices in environmental stewardship. To achieve this rating, organizations must showcase environmental leadership, disclosing actions related to climate change, deforestation, or water security. The recognition is bestowed upon companies demonstrating best practices in strategy and action, as recognized by frameworks such as the TCFD, Accountability Framework, and others.
Sibanye-Stillwater’s dedication to setting science-based targets, developing climate transition plans, and implementing water-related risk assessment strategies has contributed to its success. The company’s continuous efforts in reporting on deforestation impact for all relevant operations, supply chains, and commodities further underscore its commitment to environmental sustainability.
For more information, interested parties can refer to Sibanye-Stillwater’s 2023 Water and Carbon CDP disclosure submissions available at www.sibanyestillwater.com/sustainability/environment/ and the comprehensive 2022 annual suite of reports at https://www.sibanyestillwater.com/news-investors/reports/annual/.
