Sustainability Report 2025

Messages from our leadership

Message from the chairs of responsible board committees

We at Valterra Platinum continue to observe the same high standards we have always endeavoured to uphold, while reviewing and refocusing these for an independent company and investor base.
Dorian Emmett & Lwazi Bam [photo]

Dorian Emmett
Chairperson: sustainability committee

Lwazi Bam
Chairperson: social, ethics and governance committee

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Message from the CEO

Responsible mining and processing is not a single action or certification; it is a way of operating that demands the pursuit of excellence in how we operate, continuous improvement and accountability.
Craig Miller [photo]

Craig Miller
Chief executive officer

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Message from executive head: Corporate affairs and sustainability

We are proud of our legacy and the impact that we have made over 70 years and commit to honour that legacy and its impact in the future.
Yvonne Mfolo [photo]

Yvonne Mfolo
Executive head: corporate affairs and sustainability

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Performance at a glance

Valterra Platinum continued to demonstrate leading sustainability performance in 2025, with our strong management of sustainability matters reflected in global rankings by leading agencies.

People [icon]
People

Tragically, two fatalities reported


1.48 total recordable injury-frequency rate (TRIFR)
2024: 1.67


28,616 total workforce (employees and contractors)
2024: 29,022


R16.9 billion
Wages and related payments to employees
2024: R17.7 billion


R7 billion
Procurement in host communities
2024: R7.3 billion


R859 million
Social investment expenditure (corporate social investment, social and labour plans, community dividends)
2024: R987 million


Business resilience [icon]
Business resilience

3.2 million ounces PGM metal and concentrate (M&C) production
2024: 3.6 million ounces


R116 billion net revenue
2024: R109 billion


R5 billion in cost savings, ahead of target


R83 billion*
Total economic contribution to society
2024: R72 billion


R17 billion
Total capital expenditure
2024: R18.6 billion


R4.2 billion
Taxes and royalties paid
2024: R3.3 billion


R45.00 per share
Total dividend per share
2024: R71.75 per share


* Total group tax and economic contribution consist of Valterra Platinum companies.

** The prior year amount reported included only the contribution in South Africa and Zimbabwe. The current year amount reported includes the contribution in all jurisdictions in which we have a tax presence.

Environment [icon]
Environment

Full disclosure of objective one and two facilities in line with Global Industry Standard on Tailings Management (GISTM).


Zero level 4 or 5 environmental incidents
2024: 0


4.32Mt CO2(e)
Scope 1 and 2 emissions
2024: 4.24Mt CO2(e)


19.73 million GJ
Total energy used
2024: 19.88 million GJ


3.58TWh
Electricity purchased
2024: 3.61TWh


Governance [icon]
Governance

IRMA [logo] IRMA 75 certification achieved by Unki and Mototolo, and IRMA 50 certification achieved by Amandelbult and Mogalakwena


IRMA [logo]LPPM certification maintained

Report [icon] For more detail, see the Governance report

Sustainability ratings and rankings
FTSE [logo]

FTSE/JSE Responsible Investment Index
Remained a constituent of the top 30 index

LSEG [logo]

LSEG sustainability score
Valterra Platinum Ltd: 69/100

ISS [logo]

ISS
Maintained Prime status

MSCI [logo]

MSCI
Achieved AA rating in 2024

Top employee [logo]

Best employer award

Responsibly mined PGMs

At Valterra Platinum, everything we do is guided by our purpose of unearthing value to better our world.

Our values

Safe keeping [icon]

Keep it safe

Keep yourself safe

Be your brother’s and sister’s keeper

Treat people with respect

Own it [icon]

Own it

Do what you say

Take pride in what you do

Find a better way forward

Stand together [icon]

Stand together

Remove barriers

Unite to achieve great things

Make people feel they belong

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Sustainability and our value chain

Our value chain starts before mining begins and extends to post-closure. We are mindful of our impacts, and the impacts on our business at every stage.

Mine [photo] Read more

Sustainability strategy

We have refined our sustainability strategy to emphasise its integral role across the business in protecting and creating value.

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Strategy [infographic]

Materiality and material issues

In line with our purpose and sustainability strategy, we take an integrated and comprehensive approach to materiality, working to understand the material impacts of our business on the external environment and our stakeholders, as well as the impacts of the external environment on the current and future financial sustainability of the business.

Every year, we conduct a comprehensive double-materiality assessment, supported by an independent third party, that considers our impacts, risks and opportunities.

Our process

1 Desktop analysis

2 Stakeholder assessments

3 Assessing materiality

4 Review and finalisation

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Case Studies

Drone programme contributes to youth development at Amandelbult

Drone programme at Amandelbult

As part of our investment in skills development, eight young people in host communities near our Amandelbult Mine have acquired new skills and knowledge in drone piloting, enhancing their prospects for employment.

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Jewellery project boosts income for women

Kioni, Mogalakwena

Kioni, a jewellery-making project, has enabled 18 people in Mokopane near our Mogalakwena Mine to earn an income through the skills they have developed. Expansion of this project will create further opportunities in our host communities.

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Technology investment bolsters productivity and cost savings

From left, Malesela Sebopa, Thabang Mathipa

Operational efficiencies that drive energy savings, reduce costs and boost output is a key focus area to ensure our operations are sustainable.

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Our safety journey to zero harm

Unki, underground meeting

The zero-harm ambition has formed a fundamental part of our company vision and strategy during the past 23 years.

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Potable water storage for Rustenburg complex

View through the 5.5Ml reservoirs

Valterra Platinum’s Rustenburg complex (Waterval Smelter, Converter Plant, BMR and PMR) obtains potable water supply from Rand Water. Although the complex has steadily reduced its demand for potable water over the years, it still requires about 6.5Ml/d of potable water from Rand Water.

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Healthcare screening for learners improves learning outcomes

Testing a learner for possible health issues

Through partnerships with NPOs and other stakeholders, and as part of our SLP3 commitments for Mototolo, we provided health screening and treatment to learners in the Mototolo and Twickenham communities to address obstacles they may experience.

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Supporting Cotton SA’s sustainability model will enhance the programme’s reach

Cotton crops

Our support for the Cotton SA sustainability model is premised on sustaining livelihoods in smallholder agriculture while creating the conditions for long-term employment growth.

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Amandelbult flood – February 2025

Berm wall constructed at Amandelbult

Amandelbult was afflicted by a severe flood in February 2025, necessitating extensive emergency and recovery efforts and the implementation of a strategy to mitigate against future flooding.

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Our Performance

Mogalakwena

Our people

The safety, health and wellbeing of our employees and contractors are our priority. We focus on ensuring safe, sustainable operations that provide opportunities for our people to develop their skills and advance their careers.

In this section

  • Focus on employee safety, health and wellbeing
  • Constructive employee relations
  • Attracting, developing and retaining talent
  • Advancing diversity, equity and inclusion
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Mototolo concentrator

Climate and the environment

As leaders in sustainability, we commit to comply with relevant legislation, regulations and align with best practices. Our aim is to optimise the long-term success of our business by effectively managing resources and reducing adverse impacts on the environment and communities.

In this section

  • Focus on climate, energy and decarbonisation
  • Promoting biodiversity and rehabilitation, and ensuring responsible closure
  • Proactively managing our tailings
  • Responsible water management
  • Supporting materials stewardship, waste and the circular economy
  • Focus on environmental management and compliance
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Mototolo, bridge

Resilient local communities

The sustainable business practices that support the long-term success of Valterra Platinum support our investments in initiatives that build resilient communities.

In this section

  • Respecting human rights
  • Engaging with communities
  • Investing in our communities and promoting inclusive procurement
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Der Brochen project

Ethical value chains

Valterra Platinum aims to conduct business in a fair, ethical and sustainable manner that creates benefits for society while respecting and conserving our environment.

In this section

  • Ethical value chains and responsible sourcing
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Polokwane Smelter

Leading governance

Our values direct us to respect the environment and stakeholders. We aim to make a positive contribution to society, including by conducting our business ethically, honestly, responsibly and legally.

In this section

  • Promoting business ethics
  • Investing in the security of people and assets
  • Advancing cybersecurity
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