Our operations in certain developing nations could be adversely affected by political uncertainties, including political instability, changing laws and regulations, forced changes to contracts and civil unrest. The potential for corruption can also be high in certain unstable or developing areas, and we must maintain the highest ethical standards as a corporate citizen. We promote positive, transparent relationships with host governments and other stakeholders wherever we do business.

We are conducting business in an accountable and transparent manner, including respect for terms of agreements, abiding by prevailing laws and fulfilling our social, economic and environmental commitments. We are providing continuous training on our Principles of Business Conduct, the cornerstone of how we conduct our business with integrity and respect. We are training targeted operations on anti-corruption requirements, including compliance with the U.S. Foreign Corrupt Practices Act, and we maintain a compliance telephone line for employees to report suspected violations of any of our company policies.

As a member of ICMM, Freeport-McMoRan Copper & Gold Inc. is committed to the Extractive Industries Transparency Initiative (EITI). We believe that transparency is a powerful tool for communities and civil society groups to ensure that governments and businesses work in an accountable manner. In Indonesia, we publicly report our payments to government and we are supporting efforts for the government to officially join the EITI. In Peru, we are actively working with a wide array of companies along with the government to implement EITI reporting. It is also our commitment to support EITI in the Democratic Republic of Congo, which, like Peru, is a candidate EITI country. Our worldwide goal is to continue to work with the government and other stakeholders to support this transparency initiative and report in accordance with EITI by 2010.

BACK TO TOP