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ANGLOGOLD ASHANTI LIMITED - Anglogold Ashanti Releases Its Inaugural Climate Report

Release Date: 23/12/2021 16:57
Code(s): ANG     PDF:  
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Anglogold Ashanti Releases Its Inaugural Climate Report

AngloGold Ashanti Limited
(Incorporated in the Republic of South Africa)
Reg. No. 1944/017354/06
ISIN: ZAE000043485 – JSE share code: ANG
CUSIP: 035128206 – NYSE share code: AU
(“AngloGold Ashanti” or the “Company”)


(JOHANNESBURG – PRESS RELEASE) -- AngloGold Ashanti is pleased to announce the
publication of its inaugural Climate Change Report 2020/21, disclosing in line with the
recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

The report highlights the ways in which the company is being proactive and transparent in
mitigating current and future climate risks and the measures being taken to strengthen the
climate resilience of its business, its value chain partners, host communities and the
environment in which it operates.

AngloGold Ashanti recognises its role in advancing the transition to a low-carbon economy
and has taken steps to support this transition, in collaboration with the International Council
on Metals and Minerals (ICMM). This year AngloGold Ashanti joined its peers in the ICMM by
committing to a target of net zero Scope 1 and 2 emissions by 2050, and to accelerating
action on Scope 3 emissions, including setting credible targets in partnership with our
suppliers. The report can be found on the AngloGold Ashanti website: home page, or

“In this, our inaugural Climate Report, we discuss the work being undertaken to enhance our
resilience to climate change and our progress on decarbonisation,” said Alberto Calderon
AngloGold Ashanti’s CEO. “We are committed to transparent reporting on the progress made
to further decarbonise our business and how we are adapting to the business risks and
opportunities presented by a changing climate and efforts taken to counter that.”

The company is committed to supporting the objectives of the Paris Agreement of 2015, a
legally binding international treaty on climate change.

AngloGold Ashanti set its first decarbonisation targets as far back as 2008, which called for a
30% reduction in emissions intensity by 2022, a goal reached in 2018, four years early.
Emissions intensity in 2020 remained about 43% below the 2007 base. New decarbonisation
targets will be set when the company publishes its suite of annual reports for the 2021 financial
Report highlights:

  • AngloGold Ashanti’s response to climate change and its integration into the company’s
      operating model, driven by an updated Climate Change Strategy;
  • An innovative response to climate change, addressing the move to net zero by
      optimising performance and operational efficiencies, contributing to the long-term
      sustainability of our business and enabling us to deliver our commitments to
  • Use of the latest science-based data, information and knowledge to support decision-
  • The deepening of understanding by developing a maturity approach to managing climate
      risks and opportunities.

To achieve the reduction in emissions over the years, AngloGold Ashanti strategically relocated
and switched off large compressors in underground shafts in South Africa, and re-used waste
heat from the same compressors. The company also developed three-pipe chamber systems
to recover electrical energy from sending water from surface to underground, and to assist with
pumping the water to surface.

In Australia, AngloGold Ashanti switched Sunrise Dam’s generators from diesel to cleaner LNG,
and after commissioning Tropicana mine, switched both to piped natural gas. In addition,
planned new projects in Colombia will be hydro-powered, adding to the company’s other
hydropower sites in Brazil, Ghana and the DRC.

Smaller changes were also made that – with scale – had big impact -- like replacing
incandescent and cap lamp bulbs with LEDs and installing heat pumps and solar systems in
accommodation units.

AngloGold Ashanti is an independent, global gold mining company with a diverse, high-quality
portfolio of operations, projects and exploration activities across eight countries on four
continents. The company is headquartered in South Africa. As at 31 December 2020, we
employed 36,952 people, including 16,222 contractors. While gold is our principal product, we
also produce silver in Argentina and sulphuric acid in Brazil as by-products. We will pursue
value-creating opportunities in other minerals where we can leverage our existing assets,
shareholdings, skills and experience.


23 December 2021
JSE Sponsor: The Standard Bank of South Africa Limited


Chris Nthite          +27 11 637 6388/+27 83 301 2481
Julie Bain            +27 66 364 0038          
General inquiries                              
Sabrina Brockman      +1 646 880 4526/ +1 646 379 2555
Yatish Chowthee         +27 11 637 6273 / +27 78 364 2080
Fundisa Mgidi           +27 11 6376763 / +27 82 821 5322


Date: 23-12-2021 04:57:00
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