Anglo American | Council for Inclusive Capitalism

Re-imagining mining to improve people’s lives

Mining has a smarter future – a future where you may barely notice some mines at all. And that’s a good thing. Out of sight, but never out of mind, tomorrow’s ultimate mine will long provide the precious raw materials our modern society needs. Our metals are the essential ingredients in smartphones, electric cars, and wind turbines, while also purifying traditional vehicle and other emissions; our basic materials build our homes, offices, railways and airports; and our diamonds fulfil your dreams. Simply put, our products move the world towards a more sustainable future.

Purpose

At Anglo American, we are working to make this future a reality – combining integrity, creativity and smart innovation, with the utmost consideration for our people, their families, local communities, our customers and the world at large – to better connect the resources in the ground to the people who need and value them.

For the past 100 years, our employees have led from the front. Today, we are leading the industry forward again by finding new ways to mine and process our products. Using less water, less energy, and more precise extraction technologies, we are reducing our physical footprint for every ounce, carat, and kilo of precious metal or mineral. While also working together to develop better jobs, a better education and better businesses, we are building brighter and healthier futures around our operations, in our host countries and ultimately for billions of people around the world who depend on our products every day.

As we look out to the next 100 years, we will continue to unearth the potential beneath our feet, the potential that mining enables – both locally and globally.

That’s why at Anglo American, we are re-imagining mining to improve people’s lives.

Duncan Wanblad

Chief Executive, Anglo American

Find out more

We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use

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People

Planet

Principles of Governance

Prosperity

Summary

To be carbon neutral by 2040, we are increasing the energy that we use from renewable sources, including through the construction of our own capacity. By 2023, all electricity for South American operations will be from renewable sources.

Activities & Initiatives

Anglo American will support the delivery of our carbon neutrality ambition through greater procurement and construction of energy supplied from renewable sources.

Measures & Targets

In 2021 approximately 36% of the electricity we use was generated from renewable sources. By 2023, all of the electricity we use in our South American (Brazil, Chile and Peru) operations will be from renewable sources. In Southern Africa we are working on a renewable energy ecosystem which would significantly boost renewable electricity provision and ensure that by 2030 all of our electricity is provided from renewable sources in that continent.

Summary

Anglo American has an ambition to be carbon neutral across all operations (Scopes 1 & 2) by 2040 with 8 sites carbon neutral by 2030. Our interim goal is of a 30% reduction of Scope 1 and 2 GHG emissions by 2030 on a 2016 baseline.

Activities & Initiatives

Anglo American will reduce the impact of our operations with respect to GHG emissions and support global decarbonisation efforts linked to limiting global warming in line with the Paris Agreement.

Measures & Targets

Our aim is to be carbon neutral across all of our operations (Scopes 1 and 2) by 2040. We define carbon neutrality as a condition in which during a specified period there has been no net increase in the global emission of greenhouse gases to the atmosphere as a result of the greenhouse gas emissions associated with our operations during the same period. On the way to achieving our ambition, we are aiming for 8 of our sites to be carbon neutral by 2030 and have a goal of a 30% reduction of our operational (Scopes 1 and 2) emissions by 2030, against a 2016 baseline.

Summary

Anglo American's vision is for shared, sustainable prosperity in our host communities by creating three jobs created/supported off-site for every job on-site by 2025 and five by 2030.

Activities & Initiatives

Our mines in communities with low unemployment have the flexibility to set an alternative meaningful target. The targets apply at a regional level and are not directly linked between mines and mine communities.

Measures & Targets

2025 milestones:

Three jobs created/supported off-site for every job on-site

2030 goal:

Five jobs created/supported off-site for every job on-site

Summary

Anglo American's vision is for all children in our host communities to have access to excellent education and training with schools in host communities performing within the top 30% of state schools nationally by 2025.

Activities & Initiatives

By 2030 our goal is that schools in our host communities will perform within the top 20% of state schools nationally. All our operations will implement measures to support education. Operations in large urban areas or in countries whose school systems score very highly in PISA rankings may propose alternative meaningful measures.

Measures & Targets

2025 milestones

Schools in host communities to perform within the top 30% of state schools nationally

2030 Goal

All schools in our host communities will perform within the top 20% of state schools nationally.

Sign up your company

Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.