Our approach
Our approach
We aim to develop natural resources sustainably and with care, to create value and opportunities for people today and in the future.
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We aim to develop natural resources sustainably and with care, to create value and opportunities for people today and in the future.
Sustainability is at the heart of our purpose and underpins the delivery of our strategy. Our commitment to sustainable development is outlined in our Sustainability Policy and guides the five interconnected pillars of our sustainability approach which focus on areas that are material to our business and stakeholders.
Our Sustainability Policy is guided by international standards and initiatives, including the ICMM Mining Principles, the United Nations Global Compact Ten Principles, the Global Reporting Initiative, the Taskforce on Climate-related Financial Disclosures, and the United Nations Sustainable Development Goals.
Our FY24 Underlying EBITDA was US$1,802 million
More financial information: Investors Financial & operational results Annual Reporting Suite
Our approach to sustainability aims to balance environmental, social and economic considerations, and to support delivery of our purpose and strategy in a way that creates enduring value for our stakeholders.
1 Frequency rates are per million hours worked. Incidents are included where South32 controls the work location or controls the work activity.
2 Operational greenhouse gas (GHG) emissions includes Scope 1 and 2 GHG emissions from our operated assets.
3 Percentage of water used for operational activities which is reused/recycled water.
More sustainability information: Sustainability Environment Communities and society Climate change
To improve the representation of women in operational and leadership roles, our Cerro Matoso operation in Colombia has invested in several training, recruitment, and leadership initiatives. One program is providing mine truck operator training to women from 25 local communities.
Our Hillside Aluminium operation marked the beginning of the UN’s 16 Days of Activism Against Gender-based violence by handing over seven newly built ‘park home’ units to LifeLine Zululand in the King Cetshwayo, uMhkanyakude and Zululand districts.
"The portfolio changes we have announced align with our purpose and position South32 to continue supporting the global energy transition.”
Footnotes
1 ‘Goal’ is defined as an ambition to seek an outcome for which there is no current pathway(s), but for which efforts will be pursued towards addressing that challenge, subject to certain assumptions or conditions.
2 ‘Target’ is defined as an intended outcome in relation to which we have identified one or more pathways for delivery of that outcome, subject to certain assumptions or conditions.
This page contains forward looking statements, including statements in relation to climate change and other environmental and energy transition scenarios. While these forward-looking statements reflect South32’s expectations at the date of publishing the 2023 Sustainable Development Report, they may be affected by a range of variables which could cause actual outcomes and developments to differ materially from those expressed in such statements.South32 makes no representation, assurance or guarantees as to the accuracy, completeness or likelihood of fulfilment of any forward-looking statement, any outcomes expressed or implied in any forward-looking statement or any assumptions on which a forward-looking statement is based.
3 'Low-carbon' refers to lower levels of GHG emissions when compared to the current state. Where used in relation to South32’s products or portfolio, it refers to enhancement of existing methods, practices and technologies to substantially lower the level of embodied GHG emissions as compared to the current state.