6 February 2013
06 February 2013; Johannesburg – Nedbank Capital today applauded Royal Bafokeng Platinum (RBPlat) for its diligent efforts of incorporating environmental sustainability into its strategic plans and operations, which has resulted in the platinum miner being listed on the Nedbank Green Index.
As a mining organisation with a clear and obvious commitment to integrated environmental and social sustainability, the inclusion of RBPlat in the Index for 2013 is a well-deserved acknowledgement of the company’s genuine commitment to building a better future for all its stakeholders.
That’s according to Laura van der Molen at Nedbank Capital, who commended RBPlat on its significant environmental sustainability achievements over the past year and thanked the organisation for its obvious commitment to making a positive and lasting contribution to sustainability, not just in terms of its own operations, but also for South Africa and its communities as a whole.
“RBPlat’s inclusion in the Index not only demonstrates the extent of the company’s commitment and work in the green space,” van der Molen explained, “but is also a fitting result to a compelling story of how integrating environmental sustainability considerations into organisational strategy can deliver significant value and benefits for organisations and all their stakeholders.”
In September 2012, RBPlat invested its BRPM Environmental Rehabilitation Fund in the NedbankCapital Guaranteed Investment Solution with 60% of the portfolio exposed to the upside performance of the Nedbank Green Index. Then, at the end of last year, the organisation joined the Index based on its strong Carbon Disclosure Project disclosure score of 89.
“Despite this being RBPlat‘s first official CDP disclosure, the score it achieved is well above theNedbank Green Index minimum entry requirement of 75,” explains van der Molen, “and makes it one of only 42 JSE listed companies to be approved for inclusion in the Index.”
To remain a participant in the Index, RBPlat will now need to maintain or improve its CDP disclosure score; a requirement that, according to Mzila Mthenjane, Executive for Business Sustainability at RBPlat, should present no problems given the mine’s stated intention to continue raising its environmental sustainability commitment in years to come.
“Environmental sustainability, from the perspective of climate change, is intrinsically linked to our business strategy. RBPlat is implementing organic PGM growth opportunities to deliver value to our stakeholders in the long term. Climate risks and opportunities are key considerations to this prospect and to ensuring that we fulfil our vision and mission: to seek and deliver the good from mining thereby leaving a lasting legacy for our stakeholders”, said Mthenjane.
According to Amy Underwood, Global Markets Transactor at Nedbank Capital, the inclusion of RBPlat in the Index not only validates the organisation’s green efforts in recent years, but also makes indirect investment in the company more accessible to the environmentally conscious investor communities.
“In addition to being a good measure of the performance of companies with environmentally sustainable business practices, the Index is investable,” explains Underwood, “allowing environmentally aware retail and institutional investors and corporates to benefit from the proven returns of South Africa’s green-focused companies via either the Nedbank BGreen ETF, the Nedgroup Life ETF Plan or the Nedbank Mining Rehabilitation Investment Solution.”
“Thanks to its strong first CDP disclosure score, RBPlat now finds itself listed amongst the country’s leading environmentally-conscious organisations, which is no small feat for any business, but is particularly significant for a mining company,” she points out, “the achievement offers tangible proof of what can be achieved by any organisation that is willing to place sustainability and environmental concerns at the heart of its operations.”