Partnerships for a more sustainable future
At Anglo American, we believe that the pursuit of sustainable development goes hand in hand with best business practice. By our responsible custodianship of valuable resource endowments, which often include scarce water supplies, and our insistence on good governance, we hope to demonstrate to host governments and communities that resources, when developed wisely, can be of widespread ongoing benefit to their countries.
Through finding ways to maximise local economic linkages and benefits – for example, employing a majority of local people, establishing supply chain initiatives and investing in social and physical infrastructure – and careful management of social and environmental impacts, we seek to develop positive outcomes as a result of our presence.
Leading community engagement initiatives is our Socio-Economic Assessment Toolbox (SEAT). Anglo American is also an active member of the UN Global Compact, the Extractive Industries Transparency Initiative and the round table on the Voluntary Principles on Security and Human Rights. We are also working to be a force for development through the Investment Climate Facility for Africa, Business Action for Africa, the International Council for Mining & Metals and the World Business Council for Sustainable Development. In addition, Anglo American has taken steps towards building a corporate partnership with the environmental NGO Fauna and Flora International (FFI). Anglo American and FFI intend to work together to craft a Biodiversity Performance Standard that will govern the approach to diversity management throughout the Group’s operations.
Our energy partnerships
Anglo American is broadening its range of relationships in the energy field. These are helping to create the potential for the Group to expand into downstream areas closely related to its core business. Through such relationships, risk can be shared and there is the mutual opportunity of accessing each other’s complementary resources, including markets, technologies and capital.
Anglo American is involved with various parties in a number of energy ventures, including the commercialisation of fuel cell technology, the capture and commercial sale of methane from its coal mines, as well as in researching integrated carbon capture and storage projects. The Group is a member of the FutureGen Industrial Alliance, which consists of major energy and mining companies working in partnership with the US Department of Energy (DOE) to design, construct and operate the world’s first ‘near zero emissions’ coal-fuelled power generation plant. Although in January 2008, the DOE announced an intention to establish an alternative programme, the Alliance intends to continue to work with the US Administration, Congress and other stakeholders to advance the project. Anglo American has also formed a Clean Coal Energy Alliance to develop the Monash brown coal to liquids project in Australia. In China, Anglo American, the Shaanxi Coalfield Geological Bureau and Shell are jointly looking at ways to develop, including downstream applications, a coal resource of more than 600 million tonnes.