Anglo American : 2021 Integrated Annual Report

We are combining smart innovation with the utmost consideration for our people, their families, local communities, our customers, and the world at large - to better connect precious resources in the ground to all of us who need and value them.

And we are working together to develop better jobs, better education and better businesses, building brighter and healthier futures around our operations in our host communities and ultimately for billions of people around the world who depend on our products every day.

Total dividends per share

Attributable free cash flow ◊

Group attributable ROCE ◊

Number of fatalities

At our Sakatti polymetallic project in northern Finland, women make up 43% of the workforce. Featured is safety, health and environment (SHE) field co-ordinator Liisa Kropsu during winter drilling activities.

Total recordable case frequency

Level 4-5 environmental incidents

  1. Our business at a glance
  1. Chairman's statement
  1. Chief Executive's statement
  1. Our Business Model
  1. Purpose to value

12 Creating value for all stakeholders

  1. How we make decisions
  2. Understanding our stakeholders
  3. Our material matters
  1. Looking at global trends
  1. Reflecting stakeholder views in our Board decision making
  2. Key decisions made in 2021
  3. Portfolio
  1. Innovation
  1. People
  1. Capital allocation
  1. Managing risk effectively

68 Key performance indicators

  1. Marketplace review
  1. Group financial review
  1. De Beers
  1. Base Metals

86 Platinum Group Metals (PGMs)

  1. Bulk Commodities
  1. Crop Nutrients
  1. Corporate and other

101 Non-financial information disclosures and footnotes

102 Disclosures related to the recommendations of the

104 Streamlined energy and carbon reporting

  1. Chairman's introduction
  1. Directors
  1. Executive management

114 Board roles and responsibilities

  1. Board operations
  2. Board activity

120 Board effectiveness

122 Stakeholder engagement

124 Sustainability Committee report

126 Nomination Committee report

128 Audit Committee report

135 Directors' remuneration report

139 At a glance

142 Directors' remuneration policy

146 Annual report on directors' remuneration

162 Statement of directors' responsibilities

Financial statements and other financial information

  1. Independent auditors' report
  1. Primary statements

177 Notes to the financial statements

256 Financial statements of the Parent Company

  1. Summary by operation
  1. Key financial data

262 Exchange rates and commodity prices

Ore Reserves and Mineral Resources

  1. Estimated Ore Reserves
  1. Estimated Mineral Resources

268 Glossary of terms

270 Alternative performance measures

276 Production statistics

  1. Quarterly production statistics
  2. Non-financial data
  1. Directors' report
  1. Shareholder information

IBC Other Anglo American publications and legal disclaimers

Basis of reporting

The Anglo American plc Integrated Annual Report for the year ended 31 December 2021 is produced in compliance with UK regulations. Additionally, we have compiled this report using the Guiding Principles and Content Elements set out in the International Integrated Reporting Council's Framework.

Integrated Reporting aims to demonstrate how companies create value sustainably over time, for a range of stakeholders - consistent with Anglo American's Purpose, business approach and strategy. This report, therefore, includes a comprehensive overview of our material matters, in the eyes of our stakeholders, and the impact these matters have on the value we create.

Throughout the Strategic Report we use a range of financial and non-financial measures to assess our performance. A number of the financial measures are not defined under IFRS so they are termed 'Alternative Performance Measures' (APMs). We have defined and explained the purpose of each of these measures on pages 270-275, where we provide more detail, including reconciliations to the closest equivalent measure under IFRS. These APMs should be considered in addition to, and not as a substitute for, or as superior to, measures of financial performance, financial position or cash flows reported in accordance with IFRS.

'Tonnes' are metric tonnes, 'Mt' denotes million tonnes, 'kt' denotes thousand tonnes, 'Mct' denotes million carats and 'koz' denotes thousand ounces; '$' and 'dollars' denote US dollars and 'cents' denotes US cents.

Forward-looking statements and third-party information

This document includes references to the Anglo American Group, forward-looking statements and third-party information. For information regarding the Anglo American Group, forward- looking statements and such third-party information, please refer to the IBC of this document.

Non-financial information disclosures

Non-financial information in this report includes subsidiaries and joint operations over which the Anglo American Group has management or acts as operator. It does not include independently managed operations, such as Collahuasi and Samancor, nor does it include De Beers' non-managed joint operations in Namibia and Botswana, unless specifically stipulated.

We comply with all relevant non-financial reporting requirements, including those contained in sections 414CA and 414CB of the Companies Act 2006; the Financial Stability Board's Taskforce on Climate-related Financial Disclosures (TCFD); and the Streamlined Energy and Carbon Reporting (SECR) rules. The tables on pages 101-104 are intended to guide stakeholders to where the relevant non-financial information is included within our Strategic Report and other externally available Anglo American plc publications.

Our reporting suite

You can find this report and others, including the Sustainability Report, the Climate Change Report, the Tax and Economic Contribution Report, and the Ore Reserves and Mineral Resources Report, on our corporate website.