About

Living the Implats Way

Our purpose is to create a better future. We accomplish this through the metals we produce, the way we do business and through our superior performance.

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Investors

Harnessing PGMs for fuel cell technology

Decarbonisation is an urgent global challenge. There are increasing opportunities to use platinum-catalysed fuel cells to provide zero-emitting, carbon-free energy, in electricity and mobile applications.

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Media

Industry leading accommodation programme

Employee accommodation and living conditions remain key strategic issues for improving the wellbeing of our employees and host communities in South Africa and Zimbabwe. Our focus remains on facilitating the creation of sustainable human settlements and access to decent accommodation for employees who are residing in informal structures.

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Sustainability

Resilience to climate change

The increasing evidence globally of physical climate impacts – wildfires, floods, rising temperatures – is driving a greater sense of urgency in building adaptive capacity and resilience to climate.

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Careers

We set each other up for success

X

Toll-free ethics hotline

South Africa 0800 005 314

Zimbabwe 0772 161 630

Impala Canada 1-866-921-6714 (toll free) or email the operation at email address:
Impalacanada@integritycounts.ca to lodge complaints or grievances.

For more information on how we handle reports and protect whistleblowers, please review our Fraud, Corruption and Whistleblowing policy

Climate change


Links

Approach to sustainability management report and GRI report 2025

The Implats board oversees the Group's response to climate change, with executive management responsible for identifying and managing climate-related risks and opportunities. The board delegates some of its authority to board sub-committees.

Read our ASMR and GRI report

A global challenge

We recognise that climate change is a global challenge requiring businesses to reduce GHG emissions across the value chain, and to build operational resilience while ensuring transparent communication and engagement with stakeholders.

Read our latest stories

Our approach to climate change

The Implats board oversees the Group's response to climate change, with executive management responsible for identifying and managing climate-related risks and opportunities. The board delegates some of its authority to board sub-committees.

Health, safety and environment (HSE) committee
  • Developing and implementing the climate change response strategy
  • Identifying and managing climate-related risks and opportunities
  • Overseeing performance against climate-related targets
Nominations, governance and ethics (NGE) committee
  • Ensuring effective governance and board training on climate-related issues
  • Ensuring the board has the required mix of skills and experience to effectively govern climate-related issues
Strategy and investment committee (SIC)
  • Ensuring the inclusion of decarbonisation projects to ensure effective capital allocation
  • Applying the internal carbon price in investment decision trade-offs
Social, transformation and remuneration (STR) committee
  • Monitoring climate-related activities that impact on stakeholder relations and the host communities in which the Group operates
  • Ensuring the inclusion of social performance criteria in our decarbonisation projects as part of the just transition, where appropriate
  • Approving climate-related key performance indicators in executive long-term incentive schemes
Audit and risk committee (ARC)
  • Overseeing the risk management system and process, including climate-related risks and opportunities
  • Ensuring alignment of climate disclosures across Company reports
  • Ensuring insurance instruments adequately cover climate-related risks

Board expertise on climate-related topics

  Risk
management		 Capital
allocation		 Legal and
regulatory
compliance		 Social and
environmental
stewardship		 Business
development and
strategic planning
Thandi Orleyn dot dot dot dot
Dawn Earp dot dot dot dot
Ralph Havenstein dot dot dot
Billy Mawasha dot dot dot
Mametja Moshe dot dot dot dot
Sydney Mufamadi dot dot dot dot
Mpho Nkeli dot dot dot dot dot
Preston Speckmann dot dot dot dot dot
Bernard Swanepoel dot dot dot
Boitumelo Koshane dot dot dot dot
Legend:
dot Expertise

Our climate action performance

Implats' carbon emissions (combined scope 1 and scope 2 emissions) increased by 2.6% to 4 409 915tCO2 in FY2025 (2024: 4 298 488tCO2). Carbon emission and energy use intensities deteriorated to 0.168tCO2 per tonne milled (2024: 0.154tCO2 per tonne milled) and 0.835GJ per tonne milled (2024: 0.783GJ per tonne milled), respectively, on the back of decreased production (6% year-on-year) and increased energy usage (0.3%), mostly associated with the commissioning of Furnace 2 at Zimplats. The Group's total energy usage was 21 960 350GJ (2024: 21 903 733GJ).

Our climate change journey

Use the slider or click the years below for more information.

2005

2009

  • As part of our response to climate change, Implats embarked on a process to quantify the Group's carbon footprint and develop the carbon management strategy
  • In April 2009, Implats considered and addressed opportunities and risks posed by climate change. The primary risks identified related to water and electricity supply shortages

Climate change strategy

Our five-lever climate change strategy is designed to facilitate the shift away from fossil fuels and reduce GHG emissions to meet our 2050 goal of achieving carbon neutrality.

1
Increasing transparency

We commit to transparency and embracing local and global disclosure frameworks in our corporate reporting.

2
Managing physical risks

We identify current and future physical risks – acute risks resulting from increased severity of weather events, and chronic risks relating to long-term changes in climate; revise design flood return periods for surface long-term infrastructure; and consider impacts of changes on ambient temperatures.

3
Reducing our GHG footprint

We have set a long-term goal to be carbon neutral by 2050, with a 2030 target of reducing the carbon intensity of our operations by 30% from a 2019 baseline.

4
Positioning Implats for a low-carbon future

We produce metals that are required for the low-carbon economy. Our focus on efficient, low-cost and low-carbon operations will ensure that Implats remains competitive throughout the shift to a low-carbon economy.

5
Managing transition risk

We identify current and future transition risks to those associated with the global shift towards a more sustainable, net-zero economy. These include policy and market, and reputational risks. We mitigate these by keeping abreast of developments and continually adjusting the way we approach our business.

Reducing our GHG footprint

Implats has a publicly stated goal to reduce its GHG emissions at managed operations 30%, off 2019 as a baseline year, by removing approximately 1.7Mt CO2e emissions by 2030, and to reach carbon neutrality by 2050.

Board-approved and implemented decarbonisation projects and projects to close opportunity gap

Electricity supply shift

Implats has concluded a five-year renewable electricity supply agreement (RESA), which will replace up to 90% of Impala Refineries’ electricity use with a combination of solar- and wind-generated electricity starting in Q2 2026. The Impala Refineries RESA does not require upfront capital expenditure — similar to the power purchase agreement established at Zimplats in 2023 for 75MW of hydroelectricity from Zambia (with the possibility to increase this agreement to 90MW).

Renewable and non-carbon-based electricity consumption

* Market-based renewable electricity – renewable electricity sourced from own-built facilities or through RESA/power purchase agreements with energy traders.

** Location-based renewable and non-carbon-based electricity – renewable and non-carbon-based electricity (nuclear) supplied from national utility. We expect location-based renewable and non-carbon-based energy mix to gradually increase as our host countries implement their renewable energy transition policies, but have conservatively assumed the mix to remain 17% for South Africa and 50% for Zimbabwe to 2030.

Climate-related risks and mitigations

The Group will continue to communicate annually on its decarbonisation progress and its management of climate change-related risks through the Carbon Disclosure Project (CDP). The published 2024 CDP scores, which allow benchmarking versus participating peers, saw Implats rated B for climate. Climate-related risks are continuously monitored for their physical impacts and financial implications on the Group. During the period, we continued to track and manage the following key climate- related risks:

Risk Description Classification Mitigation actions Financial implications
Extreme weather events
  • Risk of overtopping of tailings dams and other water storage areas during extreme rainfall events.
  • Disruptions to mining operations.
  • Damage to owned and community infrastructure.
 Physical
  • All Group tailings storage facilities, except Impala Canada, working towards achieving conformance with Global Industry Standard on Tailings Management (GISTM).
  • Independent tailings review board reviews the Group’s tailings facilities annually and continues to report no significant areas of concern.
  • Maintain appropriate freeboard on tailings dams through real-time monitoring and the use of specialised weather forecasts and rainfall patterns predicted by climate modelling.
  • Implement projects to help our surrounding communities build resilience against water scarcity, flooding and drought-related food insecurity.
  • Costs associated with tailings management. R7 million spend planned for 2026 for water balance simulation model and to optimise abstraction and scavenger wells at tailings.
  • Revenue loss due to operational disruptions (unseasonal heavy rains in the second and third quarter impacted production at Impala Refineries; Western Limb: heavy rainfall and flooding in Q3 led to production disruption, including water ingress, affecting blasting. The rainfall also affected mineral supply chain with delays in receipt of toll material).
  • Increased operating costs due to increased insurance premiums.
  • Costs associated with climate-resilient community infrastructure and health and wellness programmes (see page 48).
Failure to establish resilience against water scarcity at southern African operations
  • Climate change can exacerbate water scarcity through prolonged and frequent droughts.
 Physical
  • Board approved the Group water strategy and water management policy.
  • Capital allocated to site-specific water stewardship initiatives to improve water recycling/re-use and reduce freshwater withdrawals.
  • Mature risk management practices.
  • R500 million in planned spend on water stewardship projects to 2030 (see page 67).
  • Costs associated with climate-resilient community infrastructure and health and wellness programmes (see page 48).
Long-term habitat restoration and rehabilitation
  • Uncertainty around the post-closure landscape under future climate scenario.
 Physical
  • Board approved budgets on rehabilitation of non-operational and land management initiative.
  • Implemented concurrent rehabilitation programmes to ensure effective land management.
  • Updated our water stewardship framework to include climate-related risks to post-closure landscapes.
  • R101 million in planned spend to 2030 on rehabilitation of non-operational areas and land management initiatives.
Inability to meet Group interim decarbonisation target
  • Inability to meet Group interim decarbonisation targets (30% reduction in scope 1 and scope 2 emissions by 2030 off 2019 as the baseline year).
 Transition
  • Board approved the decarbonisation strategy and management policy.
  • Capital allocated to renewable electricity initiatives.
  • SBTi validation of our decarbonisation pathways planned for 2026.
  • Mature risk management practices.
  • R1 billion in planned spend towards a 45MW solar power plant at Zimplats.
Policy and regulatory changes
  • Carbon tax exposure from the use of fossil fuels.
 Transition
  • Board approved the decarbonisation strategy and management policy.
  • Membership in industry associations shaping policy.
  • Impala Rustenburg operations and Impala Refineries will continue to report their annual GHG emissions from thermal power (mainly coal combustion) to the Department of Forestry, Fisheries and the Environment for carbon tax purposes. A carbon tax is also applicable at Impala Canada (related to propane for heating). In the reporting period, the Group paid R29 million in carbon taxes. The Group’s exposure to carbon taxes in South Africa to 2030 is R398 million (Impala Refineries R240 million and Impala Rustenburg R158 million).
  • R15.3 million spent on membership fees to industry bodies in South Africa and Zimbabwe.

Decarbonisation

To achieve our decarbonisation goals we continue to focus on: