The process of extracting gold from the ground inevitably results in significant environmental impacts. However, Randgold invests significantly to manage and minimise these impacts, and to ensure we are responsible stewards of the environment we operate in.
Environmental issues are important to our business and important to our stakeholders, for example ‘water pollution’ and ‘cyanide management’ ranked as two of the highest priority issues in our 2016 materiality assessment. From a business point of view, environmental liabilities constitute a major corporate risk factor, while increases in energy efficiency and water and waste recycling lead to valuable day to day cost savings. Protecting the quality of water, air and biodiversity are also essential to strong relationships with our host countries, communities and shareholders.
This chapter explains our overall approach to environmental risk management with specific insights on climate risk, water risk, biodiversity, waste (including cyanide) and air quality.