HomeBase MetalsXstrata wins again

Xstrata wins again

Mick Davis,
Chief Executive,
Xstrata plc
Zug, Switzerland — MININGREVIEW.COM — 16 September 2008 – Xstrata plc – the fifth largest diversified metals and mining company in the world, with operations and projects in 18 countries – has been recognised by the Dow Jones Sustainability Index (DJSI) as the Global Super Sector leader for basic resources in its World and STOXX Indexes. This is the second consecutive year that Xstrata has been named as the resources sector leader, and third year it has been included in the DJSI of sustainability leaders.
The DJSI invites the world’s largest 2 500 companies to participate in its annual survey, which is based on general as well as industry-specific sustainability trends. The assessment, which is assured by an external auditor, covers economic, environmental and social performance, and includes a review of policies and performance in corporate governance, risk management, climate change, energy consumption, health and safety, supply chain standards and workplace relations, among others.

Asset managers in 16 countries have licensed the DJSI indexes to manage a variety of sustainability-driven portfolios, and DJSI-based investment vehicles manage around US$6 billion (R45 billion) of assets in total.

A company news release issued here revealed that, in addition to attaining the overall highest score of all basic resources companies of 89%, Xstrata had achieved the top score in the mining sector in a number of different categories including occupational health and safety, stakeholder engagement, risk management, transparency, environmental management policies, biodiversity, mineral waste management, mine closure, talent attraction and retention and standards for suppliers.

Xstrata plc chief executive Mick Davis commented: “This achievement recognises Xstrata’s commitment to superior business practices and the principles of sustainable development across our global operations. I am delighted that the dedication shown by our employees, contractors and business partners in achieving continuous improvements in health, safety, environmental and social performance has been recognised by this well-respected, external body in ranking Xstrata top of our sector for the second year,” he concluded.