Carbon emissions “’
Gold Fields performs
Johannesburg, South Africa — ESI-AFRICA.COM — 15 November 2010 – Gold Fields Limited (Gold Fields) has been ranked joint first in the JSE Top 100 Carbon Disclosure Leadership Index (CDLI), which rates companies listed on the Johannesburg Stock Exchange in South Africa on their disclosure of carbon emissions.

In 2009 Gold Fields was fifth in the CDLI, but this year it improved to joint first with FirstRand with a disclosure rating of 93%.

The CDLI is carried out annually by the global Carbon Disclosure Project (CDP) organisation, and involves 5 000 companies in 60 countries. In South Africa the project is supported by the National Business Initiative.

The CDP also evaluates companies based on their strategies and projects to mitigate the impact of climate change. In this ranking, the Carbon Performance Ratings, Gold Fields was also one of only four JSE Top 100 companies placed in the top band for their climate mitigation and adaptation actions.

Commenting on the awards, Gold Fields CEO Nick Holland said: “We are committed to sustainable gold mining and our actions on energy efficiency and carbon emissions are integral to the way we do business.
“Mitigating the impact of carbon emissions starts with a detailed inventory of our footprint, which then leads to emission reducing projects. That is why we are so pleased that we performed well both in the CDLI and the Carbon Performance Ratings,” he added.

Earlier this year Gold Fields become the world’s first gold mining company to sell Certified Emissions Reductions (CERs), the financial securities used to trade carbon emissions. The CERs were derived from the capture of methane gas at its Beatrix Gold Mine in the Free State.