2011
AMBATOVY SUSTAINABILITY REPORT
33
DONATIONS
Every year Ambatovy sets aside funds to respond to requests
for donations and sponsorships. Ambatovy has supported
civil society groups working in the areas of education,
health, hygiene and sanitation. Ambatovy has not made
any donations to political parties, politicians or related
institutions. Our donations have funded activities related to
World AIDS Day, International Women’s Day and other such
initiatives. We endeavour to support groups and activities
that align with our community development goals, such as
the promotion of education and health. One of our major
donations in 2011 was the facilitation of a container donation
via Project C.U.R.E., an American NGO that provides medical
equipment. Ambatovy has now worked with Project C.U.R.E.
to bring six containers of much-needed medical equipment
to Madagascar. The equipment was distributed to health
centres in a number of districts following an allocation scheme
developed by the Ministry of Public Health. Ambatovy’s
Corporate Social Responsibility team has provided technical
support in monitoring and evaluating recipient health centres.
In 2012, Ambatovy, in collaboration with Project C.U.R.E. and
the Ministry of Health, will conduct an extensive audit of all
equipment donations.
Payments to Providers of Capital
In 2007, Ambatovy’s partners reached a financing agreement
for a total of $2.1 billion with a consortium of 14 lending
institutions. No loan repayments have been made at this
point. It should be noted that Ambatovy does not receive
financing from the Government of Madagascar.
Significant Investments and Human Rights
Ambatovy did not make any significant investments
agreements during the period.
3
However, our lending
agreement stipulates that we uphold the IFC Performance
Standards, which provide our standard for labour conditions,
respect for cultural heritage and other human rights-related
issues. Several members of our lending consortium are
Equator Principle banks, and as a result, we strive to uphold
those principles, which also incorporate human rights into
their requirements.
Community and Indirect Impact Investments
During construction, Ambatovy built or improved large-
scale infrastructure that will benefit local populations. The
majority of large infrastructure that serves a public benefit
was completed and detailed in our 2010 report. These
infrastructure investments included over 100 km of roads
built or improved, and a significant upgrade to the Port of
Toamasina. Throughout 2011, we continued to monitor
the impact of our activities and installations to evaluate
the results. We have also set up long-term programs and
services to ensure that the appropriate care is taken of these
infrastructures. For example:
3
During construction, over 50 pumps and wells were
built along the pipeline for communities. In 2011,
the CSR and Environment teams worked with
these communities to support the establishment of
water-user associations to maintain and monitor the
structures.
3
Ambatovy inaugurated the Anjoma Public Market
in Toamasina, built so that vendors could conduct
business in a safe environment, out of the way of a
major trucking route where they had previously sold
from roadside stalls.
3
Our Corporate Social Responsibility team provided
strategic support to job seekers in project regions
through our Redeployment Offices. We also provided
technical and financial support to local employment
offices, managed by the Ministry of Labour.
3
In 2011, we built five youth kiosks to facilitate
information exchange and to involve youth in
community-level activities to fight HIV/AIDS and
child exploitation.
3
We continued to run the popular Agricultural Training
Centre (ATC), which teaches sustainable agriculture
to demobilized workers and people in areas around
project sites. Additional training opportunities were
offered in 2011 with the opening of a second training
centre in Moramanga.
Economic Performance
3
“Significant investment agreements” are defined per the GRI G3.1 guidance as agreements that “moved the organization into a position of ownership in another entity or initiated a
capital investment project that was material to financial accounts.”
