Anglo American Has Best Social Impact Measuring Tool in the World

One of the world's largest mining and natural resources companies also has the best social and environmental impact evaluation tool in the world. That according to One World Trust’s 2006 Global Accountability Report. The report assessed 30 of the world's most powerful corporations on their ability to measure and thereby improve the social and environmental impact of their activities and ranked the South African mining firm's Socio-Economic Assessment Toolbox (SEAT) the highest on that score.

Thanks to its SEAT process, Anglo American is able to measure the environmental and social impacts of its mining operation and understand their dynamics. The company considers it a particularly valuable aid in managing the social dimension of long-term mine closure planning.

Last month, Anglo American furthered its commitment to sustainable development by joining 12 other large global firms to issue a "Statement of Intent for Doing Business with the World." The firms—including ABN Amro, AES Corp., BP, ERM, Eskom, GE, GrupoNueva, Statoil, Toyota, Unilever, and Vodafone—committed to search for responsible, sustainable, and inclusive business models that are profitable and good for development.

Comments

[PN]

Perhaps the best thing about the SEAT is the fact that it's specific to EACH of the AAplc operations - mining or otherwise. Having had to review SEATS for many of the southern African operations (various types of mining, forestry, etc), I can say that they are not 'pie in the sky' but contain realistic assessments of impacts and mitigation measures.

[www.internationalstrategy.org]

I believe it. I was rather impressed with their HIV mitigation efforts when they were presented by an Anglo-American exec at the 2005 AGOA Forum in Dakar that I was taking notes furiously. Alas, I misplaced the notes and had to reconstruct them from memory. Anyway, AA has some great plays for any MNC operating in developing economies.