Page 45 - Bullion World Issue 10 Volume 05 October 2025

Bullion World | Volume 5 | Issue 10 | October 2025
ROOTED IN AFRICA

& REFINED WITH

INTEGRITY:

RAND REFINERY

SUSTAINABILITY

REPORT 2025

The Rand Refinery Sustainability Report 2025 is a testament to a century-long legacy of trust, operational
excellence, and a deep commitment to embedding sustainability as a strategic business cornerstone. As Africa’s
premier precious metals refiner, responsible for refining nearly a quarter of all gold ever mined globally, Rand
Refinery presents a clear vision: to be Africa’s most responsible, resilient, and respected refiner. This report
illustrates how the company integrates environmental stewardship, social empowerment, ethical governance,
and innovative product strategies to create enduring value and positively impact lives.

Legacy and Commitment to Sustainability Environmental Stewardship
Founded in 1920, Rand Refinery has been a critical The refinery's environmental initiatives have yielded
pillar in South Africa’s gold supply chain, refining measurable progress. Notably, the commissioning
more than 57,000 tonnes of gold and producing over of a 4.5MW solar farm has contributed to about 24%
52 million ounces of Krugerrands. Beyond volumes, electricity savings, leading to an 8.5-kiloton reduction
the refinery's enduring legacy is shaped by resilience in CO2 emissions. Rand Refinery plans a full transition
through historic challenges-from the Great Depression to solar energy by 2027. Water use is tightly managed,
to the COVID-19 pandemic-and by fostering trust with a 23% reduction in consumption since 2021,
through ethical practices. Central to its ethos is the achieved through recycling, rainwater harvesting, and
African philosophy of ubuntu-“I am because we leak detection, targeting full water use self-sufficiency
are”-which guides its commitment to people, the by 2027.
environment, and shared prosperity. Sustainability is
more than compliance at Rand Refinery; it is a moral Waste management embodies circular economy
imperative and strategic opportunity embedded across principles, eliminating single-use packaging in favor
the enterprise. of reusable steel pallets and a closed-loop plastic bag
system, dramatically reducing landfill contributions.
Strategic ESG Framework Construction and demolition waste are responsibly
Rand Refinery’s sustainability strategy aligns repurposed or recycled, reinforcing the company’s
with globally recognized standards such as the commitment to reducing environmental impact.
United Nations Sustainable Development Goals
(SDGs), London Bullion Market Association (LBMA) Scan the QR code to view
the full report
Responsible Gold and Silver Guidance, and the OECD
Due Diligence Guidance for responsible mineral
sourcing. It employs a robust materiality assessment
framework using a double-materiality perspective to
prioritize the most critical environmental, social, and
governance (ESG) issues that affect stakeholders and
long-term value creation. Key focus areas include
responsible sourcing, product quality assurance,
associate health and safety, diversity, equity, and
inclusion (DEI), climate resilience, and operational
efficiency.

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