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2012 - AMBATOVY SUSTAINABILITY REPORT
Ambatovy adheres to some of the most stringent environmental norms
and regulations, including the national decree concerning environmental
compliance for investment projects in Madagascar (in French,
Mise En
Compatibilité des Investissements avec l’Environnement, MECIE
) and
the International Finance Corporation’s Performance Standards on
environmental and social sustainability. Ambatovy’s environmental
program is also monitored for compliance by regulators from the
Government of Madagascar, third parties who conduct periodic
assessments for the lending institutions that provide Ambatovy with
project financing, as well as an independent Scientific Consultative
Committee made up of national and international experts.
Biodiversity
Madagascar is amongst the most bio-diverse environments on Earth.
From the beginning, Ambatovy has been committed to developing
Madagascar’s largest ever foreign direct investment and its most
valuable long-term export at no net loss, and preferably a net gain,
to Madagascar biodiversity. The year 2012 saw the publication of an
international standard on biodiversity offsets to which Ambatovy
contributed as a Business and Biodiversity Offsets Program (BBOP)
pilot project, as well as the development of the Ambatovy Biodiversity
Offset Strategy, which is aligned with the International Financial
Corporation’s Performance Standard 6. Much of Ambatovy’s work on
biodiversity is guided by its involvement in the BBOP, an international
partnership of conservation organisations, scientists, corporations and
governments.
Learn more about Ambatovy’s BBOP
Case Study by visiting
To limit impacts to fauna during clearing operations at the mine,
Ambatovy continued to implement and evaluate its successful paced,
directional clearing method. The direction of clearing is pre-determined
and plotted on maps, which contractors are required to follow,
enabling wildlife to escape freely from the cutting zone into surrounding
conservation forests.
Environmental performance
