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2012 - AMBATOVY SUSTAINABILITY REPORT
Ambatovy is committed to complying with the laws and frameworks that regulate mining activities both in country and
around the world, including the following:
National Regulations
Investment and Environment Compatibility Regulation
(Mise en Compatibilité des
Investissements avec l’Environnement, MECIE)
The MECIE regulates environmental compliance for investment projects in Madagascar. It describes the process and
conditions for obtaining the necessary environmental permits and establishes regulations and penalties. Ambatovy
received its environmental permit from the Malagasy authorities in 2006, after filing its Environmental and Social
Impact Assessment.
Large Mining Investment Act
(Loi sur les Grands Investissements Miniers, LGIM)
Madagascar’s LGIM established the legal framework for developing and operating large-scale mining projects in
the country. The LGIM was developed with the support and assistance of the World Bank. Under the LGIM, we are
required to report annually to the government on a range of sustainability issues, such as local employment and
environmental measures. Ambatovy was certified under the LGIM in 2007.
External Standards and Resources
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.
Global Reporting Initiative (GRI)
The most widely used sustainability reporting framework, consisting of principles, guidelines and indicators to measure
and report on an organization’s economic, environmental and social performance.
International Council on Mining and Metals (ICMM) Principles
The ICMM is an organization established 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.
Appendix B:
Regulations, Standards and Commitments
