Sustainability

Sustainability at AMG

AMG endorses and supports the definition of corporate social responsibility as set by the World Business Council for Sustainable Development, being: “…the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large.” For AMG and its affiliated companies, this translates into three main sustainable development objectives that the Company has formulated in connection with its financial objectives, technological capabilities and its leading position at the heart of the global metallurgical industry: to provide safe working conditions for our employees and to be responsible stewards of the environment; to meet or exceed regulatory standards by engaging in ethical business practices; and to be a valued member of the local economy, community and society at large by contributing to solutions for addressing some of the fundamental environmental and social challenges facing society today.

The Supervisory Board and the Management Board of the Company take continued guidance from these objectives when defining and implementing the Company’s strategic objectives. AMG’s Code of Business Conduct and its Speak Up & Reporting Policy can both be found on the Corporate Governance page of the website.

Extractive Industries Transparency Initiative

AMG continues its support of the Extractive Industries Transparency Initiative (EITI), a global initiative to improve governance in resource-rich countries through the verification and full publication of Company payments and government revenues from oil, gas and mining. EITI works to build multi-stakeholder partnerships in developing countries to increase the accountability of governments. Over 30 countries have now committed to the EITI principles and criteria. As of today, AMG does not have any extractive operations in an EITI implementing country, although it does have exploration and development activities in Mozambique.

United Nations Global Compact

AMG commits its support to the principles of the United Nations Global Compact. The Global Compact is a strategic policy initiative for businesses that, like AMG, are committed to aligning their operations and strategies with 10 universally accepted principles in the areas of human rights, labor, the environment and anti-corruption. In 2009, the AMG Management Board approved its commitment to the Global Compact and the intent of AMG to support the 10 principles. AMG reaffirms its support annually, and submitted its seventh Communication on Progress in March 2019.

Further information on AMG Sustainable Development and our commitments to these organizations, including our United Nations Global Compact Communication on Progress, can be found here.