Our environment approach
Our approach to environmental management is based on the robust identification, assessment and control of material risks across all phases of our business, from exploration to development, operation and closure. We engage with stakeholders and take their perspectives and knowledge into account in our decision making.
We aim to avoid or, where this is not possible, minimise our impacts, while contributing to lasting environmental benefits across the regions where we operate. Where unacceptable impacts remain, we focus on implementing compensatory actions to address residual impacts to the environment.
In addition to our direct environmental management actions, we pursue opportunities, such as conservation, to deliver lasting environmental benefits.
Our Requirements for Environment and Climate Change (PDF 367 kb) outlines the minimum environmental management requirements for all our businesses. An updated version of Our Requirements was issued in August 2019, to align with our current public targets for water, climate change and biodiversity, and our Water Stewardship Position Statement. For new requirements contained in the updated version, Assets are required to have an implementation plan in place by 1 July 2020.
Our material sustainability issues
We identify and respond to material sustainability issues to successfully deliver on our Company strategy and to create value. Having regular, open and honest engagement with our stakeholders helps us to identify, understand and prioritise the sustainability issues and opportunities that matter most to our stakeholders and to our business.
The content of this Sustainability Report is shaped by our annual materiality assessment, which satisfies the Global Reporting Initiative (GRI) principles for defining report content, sustainability context, materiality, completeness and stakeholder inclusiveness through a cycle of identification, prioritisation, validation and review.
Avoiding environmental impacts
We are committed to our environmental obligations. These include:
- We do not explore or extract resources within the boundaries of World Heritage-listed properties.
- We do not explore or extract resources adjacent to World Heritage-listed properties, unless the proposed activity is compatible with the outstanding universal values for which the World Heritage property is listed.
- We do not explore or extract resources within or adjacent to the boundaries of the International Union for Conservation of Nature (IUCN) Protected Areas Categories I to IV, unless a plan is implemented that meets regulatory requirements, takes into account stakeholder expectations and contributes to the values for which the protected area is listed.
- We do not operate where there is a risk of direct impacts to ecosystems that could result in the extinction of an IUCN Red List Threatened Species in the wild.
- We do not dispose of mined waste rock or tailings into a river or marine environment.