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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Implats has the advantage of geographical diversification and exploits platiniferous horizons within the Bushveld Complex in South Africa, the Great Dyke in Zimbabwe and the palladium-dominant orebody located in the Lac des Iles Intrusive Complex in Canada. The Bushveld Complex and Great Dyke layered intrusions are unique in terms of size and geological continuity.
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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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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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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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Good governance can only exist in an accountable environment, where there is a clear definition of roles and responsibilities, forums allow frank debate and performance is carefully reviewed.
Good governance can only exist in an accountable environment, where there is a clear definition of roles and responsibilities, forums allow frank debate and performance is carefully reviewed. The Implats board is committed to providing effective and ethical leadership to the Group, maintaining the highest standards of good governance to promote quality decision making and execute decisions within a disciplined framework of policies, procedures and authorities. The board is guided by the principles of the King IV Code on Corporate Governance (King IV), the Companies Act, 2008, the JSE Listings Requirements and all other applicable laws, standards and codes.
The Implats board works continuously to maintain and develop its governance framework. This ensures good decisions are made and executed, which further the interest of Implats and its diverse stakeholder universe. Independent judgement is exercised on all issues reserved for the board’s review and approval. The board takes full responsibility for the management, direction and performance of the Group.
Good corporate governance contributes to value creation by ensuring accountability through reporting and disclosure, effective risk management, clear performance management, transparency and ethical and effective leadership.
The Implats code of ethics is binding on every employee, officer, director, contractor and supplier and on all officers and directors of any entity owned or controlled by Implats.
The Implats code of ethics is binding on every employee, officer, director, contractor and supplier and on all officers and directors of any entity owned or controlled by Implats.
The board gives effect to the code by subscribing to the following values and principles: Implats is committed to minimising adverse impacts on the environment, health and safety and subscribes voluntarily to the most stringent legal prescriptions. No discrimination on any individual or group will be allowed on any arbitrary basis and all employees have the right of freedom of association and fair treatment.
For all employment-based decisions, the only legitimate criteria are an individual’s performance, capability and potential subject to the requirements.
Employees, suppliers and contractors are required to ensure the highest possible standards of environmental control and adhere to the best contemporary practice to ensure a safe work environment for all employees.
Please view our Code of ethics
We are committed to transparent, ethical and effective governance and leadership in our journey to achieving our vision to create a better future.
We are committed to transparent, ethical and effective governance and leadership in our journey to achieving our vision to create a better future. The Group has heeded the global call for heightened transparency of ESG practices in the mining industry, by transparently disclosing operational practices and their impacts on ESG. This includes sourcing, impacts of climate change and human rights and disclosure practices. Among many other voluntary codes and social compacts, Implats supports the Extractive Industries Transparency Initiative (EITI).
Please view our ESG policies and key documentsImplats’ stakeholder engagement philosophy considers King IV and the overarching AA1000 Assurance Standard principles of materiality, inclusiveness and responsiveness.
Our stakeholders are defined as those individuals or groups that have interests that are, or could be, affected by our activities and decisions. Implats’ stakeholder engagement philosophy considers King IV and the overarching AA1000 Assurance Standard principles of materiality, inclusiveness and responsiveness. The priority level (zoning) of our stakeholder groups is based on the level of influence these stakeholders have on the business, the assessed effectiveness of existing engagement processes, and the level of alignment/change required in the relationship to meet our value-creation goals.
We invest in developing and maintaining constructive relationships with the stakeholders and communities around our operations. This is essential to maintain and strengthen our social licence to operate. Inclusive stakeholder engagement underpins our approach to respecting human rights and to responding to legitimate stakeholder aspirations and concerns.
We report on all items that materially affect the Group’s strategy, business model, governance, performance, prospects and stakeholders. Our stakeholders’ needs vary per operation and are internally managed and individually evaluated.
Implats has a large and diverse base of suppliers from which we procure goods and services. We have clear principles that guide the selection of reputable contractors with the right skills and value systems to do specific tasks that we are not able to do.
Implats has a large and diverse base of suppliers from which we procure goods and services. We have clear principles that guide the selection of reputable contractors with the right skills and value systems to do specific tasks that we are not able to do.
All our suppliers are apprised of our policies and business practices and are expected, as a minimum, to abide by these principles in their business conduct and practices. These include requirements regarding health and safety, environmental protection and respecting human rights. We conduct ad hoc supplier audits against our standards on various criteria.
We aim to continuously increase our levels of expenditure with local suppliers and develop existing procurement capacity in the areas close to our operations.
Implats applies a combined assurance model, which is designed to optimise the assurance provided over the Group’s top-10 strategic risks, risk management and the internal financial controls. The board is responsible for overseeing the Group’s risk management and internal control systems, which management is responsible for implementing.
Implats applies a combined assurance model, which is designed to optimise the assurance provided over the Group’s top-10 strategic risks, risk management and the internal financial controls. The board is responsible for overseeing the Group’s risk management and internal control systems, which management is responsible for implementing.
The most important purpose of enterprise risk management is to institutionalise an ongoing and rigorous identification of risks in all aspects of the business, encourage open and honest dialogue about these risks and ensure the implementation of the necessary controls and risk treatment initiatives.
We identify our material ESG focus areas through our structured risk management process, internal materiality process and with consideration of the views and interests of our stakeholders. The risk management process sets out to achieve an appropriate balance between minimising the risks associated with any business activity and maximising the potential reward. The Implats enterprise risk management (ERM) is aligned with ISO 31000, the international risk management standard.
Respect for human rights is an integral part of the Company’s code of ethics and values. Our human rights policy commits us to full compliance with applicable legislation in the regions in which we operate, as well as to implementing the human rights principles in the UNGC. Our approach is aligned with the UN Guiding Principles on Business and Human Rights (UNGPs).
Respect for human rights is an integral part of the Company’s code of ethics and values. Our human rights policy commits us to full compliance with applicable legislation in the regions in which we operate, as well as to implementing the human rights principles in the UNGC. Our approach is aligned with the UN Guiding Principles on Business and Human Rights (UNGPs).
In driving improvements in our practices, we have maintained a focus on aligning all of our operations to the Voluntary Principles on Security and Human Rights (VPSHR) as defined by the United Nations.
In the workplace, we uphold the basic human rights of the International Labour Organisation through the implementation of fair employment practices. We have clear policies and processes in place to ensure observance of human rights, including the right to freedom of association and collective bargaining, the eradication of child and forced labour and non-discrimination. Observance of these rights is required of all our operations, contractors and suppliers, irrespective of location.
At our operations, we have policies and processes in place to ensure that we do not employ any under-age or forced labour. All employees receive human rights training as part of their induction process. We aim to raise awareness around human rights issues through various communications with employees. Through stakeholder engagement processes, material community issues pertaining to human rights are addressed in community forums.
Please view our Human rights policy statementThe Implats board is guided by the principles of the King IV Code on Corporate Governance (King IV), the Companies Act, 2008, the JSE Listings Requirements and all other applicable laws, standards and codes.
The Implats board is guided by the principles of the King IV Code on Corporate Governance (King IV), the Companies Act, 2008, the JSE Listings Requirements and all other applicable laws, standards and codes. A compliance schedule can be found here
Implats adheres to and reports on several voluntary codes and social compacts:
Implats adheres to and reports on several voluntary codes and social compacts:
Implats is committed to being a reputable and responsible PGM producer through ethical production processes.
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