• Value creation
• Stakeholder relationships

Key observations:

The business model discussion in Gold Fields’ 2017 Integrated Annual Report is focused around value creation and distribution. This discussion therefore aligns with 2B of the <IR> Framework which positions value creation as a fundamental concept of integrated reporting. The organisation’s model is summarised initially through a graphic and shows how the organisation’s ‘fundamental components’ (assets) are manipulated and result in value distributed to stakeholders. This additionally aligns with 3C which calls for insight into how the organisation responds to stakeholders. The subsequent pages then focus on explaining the model’s impacts and outcomes (4.19-4.20) by identifying and quantifying the different types of value that are created and shared with government, business, employees and contractors, communities, and capital providers.