Risk management Risk management is int egr a t ed with management and budget pr oc es ses A risk based appr oach is f ollo w ed t o identify and f ormula t e special pr ojects tha t ar e link ed t o specifc risk bo wties A detailed pr oc es s of risk analy sis and cause and ef ect identifca tion mak es pos sible the design of pr ojects t o serv e as pr e v enta tiv e or mitiga ting actions t o ef ectiv ely manage risk and alignment t o the s tr a t egic plan Managing risks is inculca t ed in the f ormula tion of k e y indica t ors of emplo y ees and is no w an int egr al part of the perf ormanc e management s y s t em Go v ernanc e T her e is c ontinuous impr o v ement in our int ernal go v ernanc e and the go v ernanc e of s tructur es on which the Miner als C ouncil is r epr esent ed Go v ernanc e policies ar e in plac e with a s y s t em t o ensur e a c ompr ehensiv e r e vie w of all policies on a s y s t ema tic basis T he Miner als C ouncil adopts a z er ot oler anc e appr oach t o an y f orm of bribery fr aud or c orruption T he f ollo wing go v ernanc e s tructur es ar e in plac e t o o v ersee the go v ernanc e function R egular int ernal and e xt ernal audits A udit and Risk C ommitt ee Ethics polic y and c onfict of int er es t polic y Annual declar a tions of int er es t Ext ernal R emuner a tion C ommitt ee Ext ernally monit or ed ethics line T r aining and a w ar enes s pr ogr ammes R ebr anding F ollo wing e xt ensiv e r esear ch the Boar d agr eed tha t the or ganisa tion w ould change its identity and name t o be mor e r efectiv e of wha t w e ar e and s triv e t o be On 23 Ma y 20 18 the Chamber of Mines of South A frica changed its name t o the Miner als C ouncil South A frica a name and br and tha t bett er r efects the w ork tha t the or ganisa tion and its members no w do and in line with our changing ethos W e c ontinue t o inculca t e our ne w br and and v alues int ernally and e xt ernally with each of us embr acing the r ole of br and ambas sador A Br and Guar dian T eam w as es tablished in 20 18 and r egularly engages on k e y r eputa tion and c ommunica tion is sues tha t af ect the Miner als C ouncil South A frica br and Health and saf ety T he Miner als C ouncil embr ac es a cultur e of health and saf ety W e ha v e pr ogr ammes in plac e t o ensur e a saf e w orking en vir onment and health and w ellnes s pr ogr ammes r anging fr om pr omoting a health y diet t o emplo y ee w ellnes s initia tiv es which ar e of er ed t o all emplo y ees on a r egular basis T he Miner als C ouncil emplo y ees ha v e also embr ac ed the principals of the Maso yise Health Pr ogr amme R educing our en vir onmental f ootprint T he Miner als C ouncil pla tinum based electricity gener a tion fuel c ell pr o vides a signifcant portion of the building s ener gy needs Our en vir onmental f ootprint w as further r educ ed in 20 19 with the ins talla tion of a s y s t em harv es ting the w as t e hea t fr om the fuel c ell t o hea t c ertain ar eas of the building As much as 7 0 of the ener gy f ed int o the fuel c ell is harv es t ed f or electricity and hea ting making this an e xtr emely efcient s y s t em Or ganisa tional modernisa tion T he pr ogr amme t o r eno v a t e and modernise both our building and our inf orma tion t echnology s y s t ems c ontinues in k eeping with our modern ethos and de v eloping the Miner als C ouncil as a pr ogr es siv e or ganisa tion with the aim of making optimum use of the ph y sical int ellectual human and ins titutional as sets Each aspect of our modernisa tion is c onsider ed and planned in detail bef or e being embark ed upon ensuring c os t ef ectiv enes s and efcienc y and an en vir onment tha t is c onduciv e t o pr oductiv e w ork which is as Siban y eS tillw a t er Rus t enbur g oper a tions P age 10 3 MINERALS C OUNCIL SOUTH AFRICA INTEGRA TED ANNU AL REVIEW 20 19