Gold Fields has started implementing its carbon management strategy in an attempt to ensure business success and sustainability in what is undoubtedly a carbon constrained future. As part of its response to climate change, Gold Fields has already done much work to establish itself as a credible, responsible corporate. During 2007 and 2008, the company determined its carbon footprint; it then disclosed its footprint and plans for emissions reduction to the Carbon Disclosure Project (CDP) in 2008 and 2009. As a result of the quality of its submissions, Gold Fields came second in the Carbon Disclosure Leadership Index (CDLI) in 2008 for the carbon-intensive sector of the South African JSE Top 100. In addition, the company has most recently been selected as the winner of Energy Risk’s Deal of the Year award for the innovative deal whereby Gold Fields has become the world’s first gold mining company to sell Certified Emissions Reductions (CERs), the financial securities used to trade carbon emissions.