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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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.
We are improving our understanding of the potential physical implications of climate change for our operations and neighbouring communities and the impact of these on long-term strategic plans, including the cost of increasing the resilience of the Company to the physical impacts of climate change.
Early in 2022 we will conduct a climate change scenario analysis at each operation, using the Representative Concentration Pathway 4.5 and 8.5. These scenarios will provide insights into the extremes of both physical risks (RCP 8.5) and transition risks (RCP 4.5). These will be followed by site-specific physical climate risk assessments using our risk management processes and tools.
Improving our climate change-related practices and disclosures
The Financial Services Board’s Task Force on Climate-related Financial Disclosures (TCFD) recommendations for voluntary and consistent climate-related financial risk disclosures has gained prominence as a guide to best practice reporting on climate change.
Demonstrating our support for the TCFD and commitment to climate change mitigation and adaptation, in 2021 we engaged independent consultants to analyse and benchmark the Group’s governance structures, business strategy, risk management practices, and climate-related metrics and targets against the TCFD recommendations. This exercise identified gaps and areas for improvement, which we are responding to decisively.
Implats will issue a standalone TCFD inception report at the end of 2022. In striving to fully align our reporting processes with TCFD requirements by the end of 2023 and build climate resilience, the following are key developments and commitments: