Increase transparency: Antofagasta launches a social management report
December 3, 2021
The document is the second in a series of specialized reports produced by Antofagasta that seek to personalize information for different stakeholders.
Antofagasta plc released its first ever Social Management Report with the aim of better meeting the information needs of an audience that ranges from analysts and investors, to civil society and NGOs, to national governments and local communities.
The move responds to a company increasingly demanding more details about Antofagasta’s operations, providing stakeholders with detailed and dedicated documents on specific issues that they can quickly consult. With this in mind, the company prepares reports on climate change and tax contributions, as well as a progress report on the implementation of the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), which has was released in September.
The same concept applies to the social management report in which Antofagasta zooms in on its involvement in the social and economic development of the areas where it operates. “Stakeholders are interested not only in our commitments and our vision, but also in the consistency between our established commitments, the actions deployed and the way in which the impacts of these actions are measured”, explains René Aguilar, VP Corporate Affairs and Sustainability.
The report shows how Antofagasta’s social management model – which covers engagement management, social investments, impact measurement and socio-territorial alerts – provides the framework for the business to operate. engage with stakeholders in an open and collaborative manner. It offers a bottom-up approach to defining social investments, which typically take the form of public-private partnerships and are implemented in collaboration with third-party experts.
Specifically, the report takes an in-depth look at nine strategic areas of work:
The Somos Choapa program, which aims to promote the sustainable development of the province of Choapa – home to the Los Pelambres de Antofagasta mine – and the well-being of its more than 80,000 inhabitants.
The Caimanes Community Development Fund was established in 2016 with three communities in the Pupío Valley to resolve a dispute over the Mauro tailings storage facility (TSF) in Los Pelambres.
The Dialogues for Development initiative for the sustainable development and well-being of communities close to the Antucoya and Centinela operations in the Antofagasta region.
Zaldívar’s engagement with the indigenous communities of Atacameño de Peine, Socaire, Camar and Talabre, which is guided by international conventions and standards of good practice.
The promotion of jobs and local suppliers to stimulate the generation of economic, social and human capital in the regions where the company operates.
The $ 12 million COVID Fund created by the company to support efforts to treat and contain the spread of the virus and to mitigate its economic impacts on areas of influence of the company.
The new digital connectivity program, Enred, to enable local communities to participate in the opportunities and benefits offered by the information age.
The role of the Transport division in supporting the economic activity of the Antofagasta Region through its rail and road freight services that link mining operations to ports on the Pacific coast.
Human rights due diligence and approval of a human rights policy, meeting Antofagasta’s commitment to respect all internationally recognized human rights.
The social management model was designed by the company’s teams in the field to give the point of view of the surrounding communities and their situation. “It is not a theoretical and conceptual exercise. It is a practical model which identifies the most difficult problems and which gives community teams a global vision and approach to manage social affairs”, explains Andrés Morán, director of social affairs. corporate affairs.
The model’s multi-actor social management methodology is what distinguishes Antofagasta’s way of interacting with vocations, interests, future vision and life plans of members of stakeholder communities, according to Aguilar. He stresses the importance of establishing a dialogue to allow transparent, open and traceable work to reach agreements that generate a sense of relevance and belonging to all parties concerned.
However, the VP of Corporate Affairs and Sustainability notes that the process itself is actually what is most important. “By exchanging and involving people, you create trust and closeness, opening up the possibility of tackling other subjects which are not necessarily linked to the current project but which have more to do with what the communities feel like. the role of the company. It’s a virtue circle that starts with a platform to generate dialogue, which is important for all future projects, ”he says.
This method is directly linked to Antofagasta’s social management strategy, which aims to contribute to the well-being of communities in its area of influence, by providing the conditions to ensure the continuity of operations and growth projects, within the framework of Antofagasta’s overall goal of developing mining for a Better future.