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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Reporting on Land as Natural Capital by Gold Mining Houses in South Africa
Author(s)
Anet Smit, TK Bungane
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DOI:10.17265/2328-2185/2019.04.005
Affiliation(s)
North-West University, Potchefstroom, South Africa
ABSTRACT
Motivated by the increasing
popularity and advocating for integrated reporting by companies on their
operations, the aim of this paper is to determine the disclosure levels on land
by mining houses in South Africa in their integrated reports. Developing
countries, such as South Africa
should ensure sustainability of their natural resources in their endeavour of
growing their economies. The mining sector in South Africa is a huge
contributor to the economy,
but also has a significant impact on land conservation. The complexity of mining activities and
impacts thereof make it challenging for organisations to disclose information
on land. This paper is
descriptive by design; it contains a literature review, followed by a content
analysis of the mining houses integrated reports by using a checklist. The
checklist was based on recommendations by the Global Reporting Initiative (GRI)
guidelines as to what the content of the integrated report on land should be. Fourteen mining
houses operating in South Africa and registered on the Johannesburg Stock
Exchange (JSE) were identified and analysed for this study. The findings of the
paper display low levels of
overall disclosure on land by the South African mining companies. However,
there were high levels of disclosure for EN11, EN12, and MM1 sector-specific supplement in the integrated
reports. Low levels of disclosure by the mining companies were evident in MM2
the sector-specific recommendations as well as the physical and monetary
information related to MM2.
KEYWORDS
natural capital, environmental impact, land, mining, Global Reporting Initiative 4, integrated reporting
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