Stakeholder Engagement
Sustainability website / Governance, Ethics and Engagement / Stakeholder Engagement
Xstrata systematically identifies its external stakeholders at a Group, commodity business, divisional and operational level. Proactive communication and engagement occurs with external stakeholders who are concerned with or affected by Xstrata’s sustainable development performance. Stakeholder engagement and communication is conducted in an equitable and culturally sensitive manner with the maximum transparency that is commercially possible.
Sustainable development strategies reflect consultation with relevant internal and external stakeholders. Annual sustainable development plans are developed and implemented at Group, commodity business, divisional, site and project levels in consultation with employees and other relevant internal and external stakeholders.
Xstrata’s stakeholders include the investment community, employees, contractors, unions, national, regional and local governments, intergovernmental bodies, regulators, communities associated with our operations, business and JV partners, non-governmental and development organisations, suppliers, customers and media.
We use a very broad range of methods to engage our stakeholders and aim to encourage dialogue and feedback. These include:
- Face-to-face formal or informal meetings;
- Presentations;
- Conference calls;
- Xstrata Group and site-specific websites;
- Group and commodity business intranet and extranet sites;
- Open days and operational site visits;
- Reputation audits and perception studies;
- Whistleblowing facilities and formal grievance mechanisms;
- Financial and sustainability reports;
- Newsletters, circulars and email updates;
- Community, employee or multi-stakeholder forums and workshops;
- Dedicated email and telephone facilities;
- Regular, customer, business partner and supplier meetings;
- Cultural, social and environmental impact assessments; and
- Formal consultation and audit processes.
Key topics and stakeholder expectations
| Stakeholder group | Key topics | Expectations of Xstrata |
|---|---|---|
| Investment community | Financial and operating performance | Deliver industry-leading returns |
| Delivery on strategy | Act as responsible stewards of shareholders' assets | |
| Participation in industry consolidation | Robust corporate governance | |
| Development of major organic growth projects | Appropriate risk management | |
| Corporate governance including executive remuneration | Identify opportunities to create further shareholder value | |
| Trends and outlook for key commodity markets | ||
| Management of environmental and social risks and opportunities | ||
| Employees and unions | Terms of employment including remuneration | Safe and healthy workplace |
| Workplace health and safety | Fair, non-discriminatory work environment | |
| Training and development opportunities | Opportunities for training, development and career progression | |
| Consultation on forthcoming changes to operations | Freedom of association | |
| Community issues including health, housing, education and job creation | Pro-active consultation | |
| Governments and regulators | Adherence to and development of mining-related legislation, including royalties, tax regimes, licensing, emissions and environmental permitting | Respect for prevailing legislation |
| Access to natural resources including mineral resources, energy supply, water | Economic contribution via taxes and royalties, job creation and procurement | |
| Social development initiatives | Responsible development of natural resources | |
| Infrastructure and investment opportunities | Active contribution to community development | |
| Job creation and enterprise development | Transparent and accountable corporate governance | |
| Broader social issues including human rights, security conditions | ||
| NGOs and development organisations | Partnerships to deliver social involvement projects in communities associated with our operations | Responsible development of natural resources |
| Discussion of Xstrata's social, ethical and environmental performance in various regions | Industry-leading environmental, ethical and social policies and performance | |
| Participation in third-party perception studies, social audits and risk assessments | Active contribution towards sustainable community development | |
| Consultation to identify social and environmental risks and opportunities | Equitable consultation with affected communities and stakeholders | |
| Support for broader social and environmental initiatives in operating regions | Transparent communication and reporting | |
| JV and business partners | Strategic, financial and operational management of JV assets | Accountable and transparent corporate governance |
| Alignment of sustainable development policies, practices and procedures | Clear communication of strategic imperatives | |
| Communities | Consultation on proposed new projects or changes to existing operations | Responsible development of natural resources |
| Social and environmental impact of operations | Respect for cultural heritage and traditional rights | |
| Consultation to assess community needs and priorities; social involvement planning | Sustainable community benefits post closure | |
| Sacred sites and cultural heritage issues | Job creation/training for local community members | |
| Job opportunities, health, education, community infrastructure | Pro-active contribution to sustainable community development | |
| Suppliers/customers | Contract terms and delivery | Support for free enterprise and fair competition |
| Product quality and stewardship | Prompt and timely payment of suppliers | |
| Technology transfer | Robust corporate governance | |
| Opportunities within broader Xstrata Group | Industry-leading Sustainable Development Policies and performance | |
| Alignment and innovation in sustainable development policies, practices and procedures | High quality products and product stewardship |
