2010
AMBATOVY SUSTAINABILITY REPORT
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B4. Commitments to External Initiatives
B4.2 Voluntary Compliance
With a view to achieving superior safety, environmental
and social results, Ambatovy is committed to the following
voluntary measures that go beyond its legal obligations:
Business and Biodiversity Offsets Program (BBOP)
BBOP is a collaboration of some 50 companies, financial
institutions, governments and civil society organizations.
The members aim to develop and test best practices on
conservation and biodiversity offsets. In 2006, Ambatovy
became a BBOP pilot project, refining its initial offsets vision
and design according to the guidelines provided by the BBOP
Secretariat and Advisory Committee.
Extractive Industries Transparency Initiative (EITI)
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Madagascar was accepted as an EITI candidate country
in February 2008. Ambatovy has been a strong supporter
of the EITI in Madagascar and an active member of the
Multi-Stakeholder Group, comprised of representatives from
government, companies and civil society. Progress toward
compliant country status was slowed by political turmoil in the
country, but the Multi-Stakeholder Group was able to issue a
ground-breaking pilot report in March 2010. At the same time,
an updated work plan was agreed upon and a new national
coordinator was appointed in November 2010. Ambatovy will
continue to work closely with other stakeholders to promote
the EITI in Madagascar, given its vital importance in ensuring
full transparency with respect to taxes and other revenues
derived from the extractive sector.
International Council on Mining and Metals (ICMM)
Principles
The ICMM is an organization established in 2001 to act as
a catalyst for performance improvement in the mining and
metals industry. The ICMM brings together 18 mining and
metals companies as well as 30 national and regional mining
associations and global commodity associations. Ambatovy
endeavours to apply the relevant ICMM principles and has
integrated them, where applicable, into our planning and
strategies.
International Standards: ISO 9001 and OHSAS 18001
Ambatovy is pursuing certification for its products under ISO
9001, the internationally recognized quality standard, which
is required for products sold on the London Metal Exchange.
We are also pursuing certification by the Occupational Health
and Safety Assessment Series (OHSAS) 18001 for our health
and safety management system. OHSAS is the highest
international standard for occupational health and safety
management.
Other Corporate Social Responsibility (CSR) Tools
Ambatovy invests in evolving trends and practices in good
corporate social responsibility. Corporate-community relations
were a major focus in 2010 and we have integrated new
approaches into our external relations strategies. An important
tool was
Getting It Right: Making Corporate-Community
Relations Work
by Luc Zandvliet and Mary B. Anderson,
which provided useful guidance for our engagement strategies
and external relations planning.
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In 2010, Madagascar was a candidate country with the EITI. Madagascar was suspended from the EITI in 2011. Detailed information may be found at
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