2011
AMBATOVY SUSTAINABILITY REPORT
13
Commitments to External Initiatives
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 Programme (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 of
conservation and biodiversity offsets. In 2006, Ambatovy
became a BBOP pilot project and we currently align our
offsets vision and design to the guidelines provided by the
BBOP Secretariat and Advisory Committee.
Extractive Industries Transparency Initiative (EITI)
Madagascar became 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. In 2011, Ambatovy participated
in preparing the first official reconciliation report, which was
published on June 8, 2011. On October 25, 2011, Madagascar
was suspended from the EITI. The Multi-Stakeholder Group
has continued to work together within the country to promote
the process. Ambatovy remains a committed member of this
group to promote 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 mining and metals
companies with national and regional mining associations
and global commodity associations. Ambatovy endeavours
to apply relevant ICMM principles and has integrated them,
where applicable, into internal planning and strategies.
International Standards: ISO 9001
Ambatovy is pursuing certification for its products under ISO
9001, the internationally recognized standard for quality
management systems, which is required for products sold
on the London Metal Exchange. Ambatovy has an internally-
developed Quality Policy that affirms our commitment to
supplying defect-free products to all our customers.
