7
Code of Conduct
We aim to operate with the highest ethical standards
throughout our workforce. At the start of construction, a Code
of Conduct was introduced to govern expatriate personnel
with respect to the local culture, environmental protection,
personal behaviour and other core values. The aim was to
prevent problems between the local communities and foreign
staff and to ensure full compliance with IFC Performance
Standards and Madagascar’s national laws. In 2008, a new
version of the Code of Conduct, applicable to all employees
and contractors, was developed. All staff – national,
expatriate and contractors – are now required to sign it.
This comprehensive Code of Conduct governs behaviour
by Ambatovy employees relating to issues such as conflicts
of interest, corruption and our Zero Tolerance Policy toward
sexual exploitation of any kind.
Health and Safety
Create and maintain an organizational culture that holds
health and safety as a top priority with a goal of zero harm to
all personnel and host communities.
Environmental Responsibility
Establish mutually beneficial stakeholder partnerships
that respect social and cultural values and contribute to
sustainable economic development while avoiding, minimizing
and mitigating environmental impact in areas of operation.
Stakeholder Alignment and Support
Recognize Ambatovy’s stakeholders, communicate with them
proactively and effectively, and manage stakeholder-related
risks as a means of cultivating a broad level of public support.
Good Corporate Governance
Foster credibility and trust by complying with principles
developed to protect investors, employees and the general
public.
Honesty and Integrity
Establish and maintain high ethical standards and
transparency in all of Ambatovy’s activities.
Teamwork
Achieve Ambatovy’s vision through teamwork that is based on
mutual respect, trust and constructive relationships.
Continuous Improvement
Strive for continuous improvement in performance.
Project Delivery
Complete construction in a safe, timely and financially sound
manner, and ensure that Ambatovy meets production targets
once operational.
Creation and Sustainability of Shareholder Value
Generate significant returns for shareholders.
Our Approach to Sustainability
2011
AMBATOVY SUSTAINABILITY REPORT
Ambatovy’s vision is to operate a sustainable nickel and cobalt mining and processing facility that significantly contributes
to Madagascar, delivers outstanding safety, environmental and social records, and generates attractive economic returns.
Our approach to achieving this vision is to implement responsible business practices that meet robust criteria for
sustainable operations. Ambatovy has committed to a number of national, international and voluntary standards. We
intend to meet them through careful planning and continuous monitoring and evaluation. As we prepare to enter into
the operations phase, we are working towards improving internal coordination and synergies between departments to
advance sustainability. We are also seeking to provide our external stakeholders with the information they need to work
with us. Finally, we know that stakeholder engagement is a two-way street, and we actively welcome input from our
stakeholders so that we all move forward towards our shared goals.
In order to guide how we plan and implement our operations, we developed a set of organizational values. These values
outline how we want to work as an organization and what we expect of our employees when interacting with each other
and external actors:
