Living the Implats Way
Our purpose is to create a better future to improve the lives of future generations. We accomplish this through the metals we produce, the way we do business and through our superior performance.
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Our purpose is to create a better future to improve the lives of future generations. 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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Implats is committed to being a reputable and responsible PGM producer through ethical production processes. During FY2020 we started implementing a Group platinum and palladium sourcing policy across our operations. We engaged PwC to assist with assessing our current practices and policies against the 2019 requirements of the London Platinum and Palladium Markets’ (LPPM) Responsible Platinum and Palladium Guidance, and where necessary made improvements. Compliance with the guidance is a business imperative and will endorse the LPPM’s regard for Implats as a good delivery refiner.
We have put systems in place to ensure that we conduct appropriate due-diligence audits on the companies from which we source some of our platinum and palladium. We have established criteria for identifying high risk suppliers – for instance in terms of money laundering, child labour, funding of conflict, or political exposure – and how to address risks and instances of non-compliance with our expectations. We are communicating our responsible sourcing policy to our employees and third-party suppliers and have started the due diligence audits. An independent assurance review of our sourcing processes and practices was conducted to obtain compliance certification, and takes place annually to maintain certification.