Environmental Social Governance
Environmental social governance (ESG) is an important topic and a rapidly evolving field. The concept of ESG has had many names in the past: green, triple bottom line, sustainability, environmental social governance, social investment and many others.
No matter what you call it, the importance of ESG for us is how we manage the safety, financial and environmental performance of our business, and how we partner with our host communities, employees, customers, suppliers and other stakeholders. Each of these areas have been focal points of our work for years.
At Kennecott, we pioneer human progress by responsibly producing materials essential to modern life. Part of this responsibility is developing and maintaining high industry standards across our business, which differentiates us from our competitors and is highlighted in these three ESG areas:
Being a safe, profitable and successful business is the foundation of our performance. We keep our people and host communities safe as we conduct our business in an ethical manner. We are always trying to prevent incidents, reduce and remediate our impact on the environment and contribute to our local communities.
We plan our business for the long term to help ensure we play a positive role in the communities where we operate and in wider society. We collaborate and contribute to the development of local economies by creating jobs, boosting skills, sourcing from local suppliers, improving industry standards and being a strong economic contributor. We want to lead on supporting governments and communities in enabling sustainable economies.
We produce mining and metals the world needs with an aim of making our products as green as possible. Copper use is growing in renewable energy infrastructure, electric vehicles, green building construction and water infrastructure. Advances in antimicrobial applications using copper in hospitals also leads to a safer health care environment.