Loading in 2 Seconds...
Loading in 2 Seconds...
Sustainability Investments as a Risk Mitigation Strategy. World Mines Ministries Forum Toronto, Canada March 1, 2008 Kariann Aarup Rio Tinto Alcan. Rio Tinto Alcan Today. Our Business Strategy. Be an industry shaper Be a developer of choice Maximise value for all our stakeholders, and
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
World Mines Ministries Forum
March 1, 2008
Rio Tinto Alcan
Source: Google; Factiva; company Web sites
A Few Headlines from the Mining Press
Uzbek Government Revokes Oxus License
Kyrgyzstan President's attack sends Oxus shares crashing
Uzbekistan seizes some Newmont mine assets
$1.5 billion project stopped in Trinidad – community protest
Mining operation seized & nationalized by Bolivian Gov’t.
Expropriation of a mine by Zimbabwe Gov’t.
To improve financial return as well as to mitigate the potential strategic threats posed by these new realities we embed sustainability in our core business globally
“As proud as we are, many solutions remain ad hoc and reactive rather than systemic and proactive. I find that approach insufficient for the future.
We must close that gap by shifting toward what I call the principle of intended consequences, where sustainability is embraced as a matter ofphilosophy and practicality. ”
- RTA CEO Dick Evans
RTA B&A will strive to:
Reduction Strategy /
UN Global Compact / MDGs / RTA The Way We Work
Site Strategic Agenda
Contribution to Local Development Plan
Action Plan/Indicators/Communication Plan
Aligning business strategy with development priorities
RTA as Patron
Sustainability as philanthropy
RTA as Co-Facilitator/
Sustainability as strategy
Embedding sustainability into:
Investing in workforce skills development can create a tremendous amount of value as well as reduce costs. These investments also contribute to increasing the general living standards of local populations.
Community investment is a key component for value protection and creation. These investments also decrease the likelihood of negative impacts due to community protests, work stoppage and site closure.
Overview of Costs-Benefits of green field project sustainabilityinvestments
Minimum Sustainability Investments
Value Created & Protected
“If any function can mitigate against the uncontrollable risks, sustainability can” – so say our finance team
Sustainability is like an insurance policy.
--Klaus Schwab, Executive Chairman, World Economic Forum
Newsweek, February 2003Redefining Success