Guiding Sustainable Development

In building a sustainable, profitable and efficient mining and mineral processing company, IFM is committed to always engaging in ethical environmentally and socially responsible methods. In doing so, IFM aims to create and sustain stakeholder value.

Finding solutions that benefit all stakeholders includes working towards the principle of zero harm. In other words, improving safety, health and environmental performances and ensuring the wellbeing of employees. Specifically, the Company’s sustainable development policy is guided by:

  • mitigating risk, and identifying opportunities;
  • achieving zero fatalities;
  • a reduction in occupational exposure limits;
  • effective waste management;
  • proactive management of leading indicators; and
  • reducing LTIFR by 10% per annum.

IFM’s Board and executives provide the governance practices and leadership necessary to implement principles of good corporate governance across the Company so that all deliberations, decisions and actions of the business are based on integrity, responsibility, accountability, fairness and transparency. In practice the CEO, Chris Jordaan, is ultimately responsible for promoting and implementing sustainability within IFM. The Executive Committee, assists him and is responsible for reviewing the Company’s performance, progress and continual improvement on Safety, Health, Environment and Quality (SHEQ) and other sustainability issues. The day-to-day implementation of the Company’s sustainable development goals is mandatory at all IFM operations.

The SHEQ policies and management standards aim to:

  • provide a risk-based integrated management system framework, consistent with national legislation, IFM‘s policies, ISO 9001, ISO 14001, OHSAS 18001, and other internationally recognised standards that support the implementation of SHEQ best practice across all IFM’s operations;
  • provide a framework that guarantees legal compliance;
  • ensure the progressive development and implementation of more specific and detailed SHEQ management systems at all levels of the Company’s operations;
  • provide performance criteria against which the management system throughout IFM can be measured;
  • provide a basis from which to drive continuous improvement in SHEQ; and
  • integrate SHEQ elements into all relevant existing IFM policies and practices.

IFM considers the environmental, safety, health, economic and social implications of all key decisions. Management systems are in place so that resources are effectively and efficiently aligned and applied in line with international best practices.

The IFM Integrated Management System (IMS) oversees the integrity of processes and ensures the implementation of sustainable best practices. It adopts an integrated approach to safety, health, risk, quality, environmental, security and asset management, while linking core business processes to set objectives and strategic decisions. The IMS is ISO 14001:2004, ISO 9001:2008 and OHSAS 18001:2007 certified. Compliance verification audits were conducted during the year and IFMSA retained its certification status. The certifications are valid until December 2016. Surveillance audits will be conducted by TÜV Rhineland during September 2014.

Risk Management

IFM’s sustainability relies on managing its business in ways that minimise potential risks, but that also minimise the Company’s impact on the social, natural and economic environments. The SHEQ management system is driven by robust risk management principles. All processes and working areas are broken down into units and assessed for baseline risks and issue-based risks. Operational teams are trained to apply continuous hazard identification and risk assessments on tasks and new projects. Control measures to reduce risks are implemented systematically and according to the following risk parameters:

  • engineering design;
  • engineering control and SHEQ systems;
  • early warning systems;
  • administrative control such as procedures, training and inspections;
  • general protective mechanisms and processes; and
  • supplying appropriate personal protective equipment (PPE).

Improving Sheq Processes

During the year, IFM embarked on a SHEQ system optimisation process starting with the simplification of system documentation and the introduction of an electronic document control system. IFM also initiated the development of electronic permit issuing and action tracking systems. These systems will be implemented within the first six months of the new financial year.

Stakeholder Engagement

IFM’s stakeholders include any individual, groups of individuals or organisations that affect or could be affected by the Company’s activities, products or services. This includes employees and unions, shareholders and the investor community, customers and suppliers, governments, NGOs, local communities, the media and the private sector.

Stakeholder engagement is embedded in IFM’s business approach. Engaging openly and transparently with stakeholders provides opportunities to identify mutually beneficial solutions to challenges. The Company’s approach to engagement is guided by the principle of inclusivity and stakeholders are encouraged to participate in developing strategic responses to shared sustainability concerns.

“Stakeholder engagement is embedded in IFM’s business approach.”

The Company engages on issues that influence or are likely to influence stakeholders’ decisions and behaviour, particularly those that will determine the long-term sustainability of the business. Engagement takes place at the appropriate global, national, Company, operational and business unit levels.