ENVIRONMENTAL, SOCIAL, GOVERNANCE

ENVIRONMENTAL, SOCIAL, GOVERNANCE

OUR COMMITMENT
We will build strong relationships adding and sharing value.

We are investing our time and resources to formulate a responsible strategy for sustainable actions.

We intend to define ambitious new targets building on our existing operations in Bolivia.

We will adopt global industry best practices where they can directly influence our business.
SUSTAINABILITY GOVERNANCE
We will reassess our business model to manage key risks and to identify opportunities.

Andean’s Sustainability and Safety Committee evaluates key business risks and aids the leadership team in deliberating on mitigative actions.

In addition, we will conduct annual audits of our governance protocols using industry leading and independent external advisors to understand our performance against strategic objectives.
INTERNATIONAL STANDARDS
Our sustainable development framework is being developed in accordance with the Global Reporting Initiative (GRI) Standards: Core option and is being mapped to the United Nations Global Compact (UNGC) and aligns to the Sustainable Development Goals (SDG’s).

Our management systems are drawn on standards set by International Finance Corporation (IFC), International Council for Metals & Mining (ICMM) and OECD.
Sustainability

Sustainability is not just an environmental term.

Sustainability is meeting our needs without compromising the ability of future generations to meet their own needs.

Andean recognizes that the business requries social and economic resources in addition to natural resources.
(University of Alberta definition of Sustainability)
“Andean’s Sustainability Framework promotes Environmental stewardship, our Social license to operate and Governance protocols to deliver on its corporate responsibility commitments to protect its employees, contractors and suppliers and to enhance the environment and communities we work with”.

“Delivering shareholder value ethically and sustainably”.
ESG

ESG measures Sustainability in a business.

Environmental criteria consider how a company performs as a steward of nature.

Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities.

Governance deals with a company’s leadership, executive pay, audits, internal controls and shareholder rights.
(www.investopedia.com)
OUR STAKEHOLDERS
Regulators
Legislation
Permit conditions
Agreement conditions
Promises made to stakeholders
Stock Exchange
Communities
Local communities
Small-scale miners
Downstream water users
Employees
Generally affected public
Affiliated contractors
People & Ecosystems
Understanding of people, biodiversity and ecosystems and how the resources they depend on are impacted.
Human, social and natural capital and how these may be affected.
Business Stakeholders
Investors, lenders & shareholders
Insurers
Metal traders / exchanges
Manufacturers
End consumers
Employees
INTEGRATED GOVERNANCE MODEL
SUSTAINABILITY OBJECTIVES
CORPORATE RESPONSIBILITY
Our board and executive leadership team will promote the success of the company, for the benefit of its members, acting in good faith and taking account of the interests of stakeholders and the environment.
PEOPLE AND DIVERSITY
Andean’s policy on diversity and inclusion is a commitment to equality and the treatment of all individuals with respect. Diversity to us considers age, religious beliefs, cultural diversity, nationality, ethnicity, gender, sexual orientation, disabilities, socio-economic background and perspectives and experience.
HEALTH & SAFETY EXCELLENCE
Our goal is to create a safe and healthy working environment for our employees, contractors, consultants and visitors, and we aim for zero harm in the workplace. Identifying, assessing and eliminating potential risks.
SOCIETY
Global society demands all sectors work towards clean earth. We aim to align with international standards and to transfer new technologies through our business to impact the communities and physicals environments in which we work.
ENVIRONMENTAL STEWARDSHIP
Andean’s goal is sustainable use of resources, biodiversity safeguarding, and environmental protection. We seek good environmental management for present and future generations.
OPERATIONAL EXCELLENCE
Our industry is cyclical, and our goal is to build a business that can adapt to challenges and operate with margin during times of adverse metal pricing. We aim to do this by implementing an operational excellence framework.
SOCIAL LICENCE
We aim to retain our social license to operate in Bolivia and to enhance the social and economic development of the communities associated with our operations. Andean will work with communities and other stakeholders to build strong relationships as part of operational practices.
FISCAL CONTROL
Andean strives for transparent financial reporting, in line with global standards, that we will hold ourselves accountable to. We will actively implement anti-corruption and anti-bribery policies and procedures and ensure that all stakeholders benefit from our business activities.
Business leadership is no longer just about profits.