Social and relationship capital
HOW WE SEE IT
Social and relationship capital is an integral component of the value of our business. It involves the business itself, the formal and informal entities and institutions associated with it, as well as the relationships with and between employees, communities and other stakeholders.
Sibanye’s vision is to create superior value for all our stakeholders through a culture of caring.
What we mean...
- We care about all of our stakeholders (employees, shareholders, communities and government), the environment, our future, the company and safe production.
- We acknowledge our role in the development of the communities within which we operate in order to sustain the business.
- We are acutely aware of the socio-economic challenges faced by communities around our mining operations, and the remote rural areas of South Africa and the Southern African Development Community (SADC) as we source 29% of our workforce from these laboursending areas.
- Our approach to community development is premised on our recognition that our impact goes beyond the workplace and that our long-term sustainability is linked with that of our communities – hence our approach to community development is underpinned by our CARE philosophy, which is about using resources appropriately in responding to community needs, identifying key partnership opportunities and streamlining our efforts to ensure tangible and sustainable impact.
- Our strategy is also keenly focused on addressing risks to society from our operating activities by managing our direct and indirect impacts. We do this by implementing a robust stakeholder engagement strategy that responds to community needs; creating opportunities for employment, local vendors, the procurement of goods and services, and directing tangible development benefits to communities.
INTEGRATED APPROACH TO COMMUNITY DEVELOPMENT
Our integrated approach to community development projects and corporate social investment ensures ongoing involvement, monitoring and measurement of progress and success from community engagement (such as Social and labour plan forums at operational level), escalating up the governance structure, through focused committees, to Board level.