Scorecard and targets
The scorecard details our performance during 2010 against the targets we set in key areas. The results can be viewed at either a Group level or by individual commodity businesses. Our targets for 2011 are also detailed.
Also in Performance
Continuous improvement of both our assets and our operational performance, including sustainability, is a core objective of Xstrata’s approach to doing business. We set sustainable development (SD) targets that are meaningful in both relative and absolute terms and that focus on our material SD risks and opportunities. Performance against these targets is monitored carefully and as an integral part of our enterprise-wide risk management framework. The following Scorecard reflects the targets set for Xstrata Group and our performance against these. In alignment with the company-wide targets, each of our commodity businesses reviews and sets annual SD targets and tracks performance against these. The commodity business scorecards are presented on pages 105 to 116.
Scorecard 2010
| 2010 targets | 2010 performance | 2011 targets |
|---|---|---|
| All managed operations to undergo third party SD Standards audit at least once every three years with findings presented to the Board HSEC Committee | All sites were audited in the 3 years from 2007 to end 2009. In 2010, audit protocols were updated and each site reviewed progress against SD improvement plans. Audits have resumed in 2011 and all managed sites will be audited by end 2013 (see page 20 for further details) | SAll managed operations and projects to undergo third party SD Standards audit at least once every three years with findings presented to the Board HSEC Committee |
| SD Standards audits to achieve a score of >65% | All sites were audited in the 3 years from 2007 to end 2009. In 2010, audit protocols were updated and each site reviewed progress against SD improvement plans. Audits have resumed in 2011 and all managed sites will be audited by end 2013 (see page 20 for further details) | Health, safety, environment and community elements in individual Standards to score >50% in third party SD Standards audits |
| Group internal audit to conduct annual in-depth audits of prioritised SD risks with findings presented to the Board’s Audit and HSEC Committees | Audits of priority SD risks in commodity business internal audit plans completed | At all managed operations and projects, Group Internal Audit to complete in-depth audits of SD risks identified by risk and materiality |
| SD improvement plans for all managed sites and projects will be reviewed by commodity business management and a consolidated report submitted to the Group Executive and the Board HSEC Committees in 2010 | SD improvement plans in place at all managed operations and commodity business management reviews completed by Q1 2011. Consolidated performance reports provided and submitted to the Group Executive and Board HSEC Committees | Site SD improvement plans for all managed operations will be reviewed by commodity business management and consolidated reports will be submitted to the Group Executive and the Board HSEC Committees |
| All managed operations to review closure plans annually | Closure plan reviews completed at all managed operations apart from Xstrata Nickel’s Falcondo and Raglan operations where the reviews were substantially completed and will be finalised in 2011 | All managed operations to document an annual review of site closure plans |
| All managed operations to maintain risk-based internal and external audit schedules for major waste storage facilities |