implats platinum 2010 Annual Report Basic Materials South Africa 5 Maintenance Background: Implats Platinum is in the business of mining, refining and marketing platinum group metals as well as nickel, copper and cobalt with operations in South Africa and Zimbabwe. The Company’s vision is to be the world’s best platinum producing company delivering superior returns to shareholders relative to their peers. I N T E G R AT E D A N N U A L R E P O R T 2 0 1 0 The Implats 2010 Annual Report integrates the Group’s financial and nonfinancial performance for the first time, which the Company positions as ‘applying global best practice in reporting to stakeholders’. Previously, the Company has always published a separate Sustainable Development Report in addition to the Annual Report. content review: The scope of the Report is outlined at the beginning, giving the reader an overview of the content contained within the Report and what it sets out to do. Both the Chairman and Chief Executive statements set up the key strategic focus areas of safety and focus. In providing detail about their approach to sustainability they explain how ‘by integrating sustainable development into their business strategy, they are steadily moving beyond a reactive, compliance-driven approach to an integrated and holistic view, governed by the same rigorous disciplines that guide their other business processes’. Within the Chief Executive’s statement they clearly identify the sustainable development issues – safety, health, climate change and CO2 emissions and employee skills, as being most material to the business. For each issue they provide an overview of their aim and summary performance, which is elaborated on further in the Report. There is a section in the Report that discusses stakeholder engagement and the strategic approach with stakeholders, types of engagements, material issues raised and actions. These issues are discussed in depth and performance data is provided throughout the narrative. An interesting element of this Report is the explicit links made between the strategic objectives and risks which help the reader gain an understanding of the potential risks facing the Company but also how the strategic objectives in place maintain a focus on these issues and provide mitigation activities. Although the KPIs which are referenced throughout the Report are not particularly linked with the group strategy, they are representative of financial and non-financial issues, key to the long-term sustained performance of the Company. moving towards integrated reporting has really helped, us understand the link between good practice and productivity – that is, the fundamental link between sustainability and company stability. So addressing these [sustainability] issues and fulfilling our responsibilities is not only good for society and the environment – it’s good for our business. Summary: See page 55 for comment from Implats Platinum Implats Platinum presents a strong attempt at an integrated report and has ensured that sustainability issues come across as embedded within the business. The Report states that it has used GRI reporting principles for defining report content, quality and boundary setting as guidelines. Interestingly, the Report also has an independent assurance statement for the sustainability information presented. 16 The integrated journey
