Feeport-McMoRan Copper & Gold Inc. has adopted the principles of the Sustainable Development Framework of the International Council on Mining and Metals (ICMM), of which we are a member. We are reporting our company-wide performance related to these principles according to the Global Reporting Initiative (GRI) for the reporting year 2007. Our full reporting of GRI indicators, including performance data, is available here.

Our 2006 report is available on our web site and our 2007 GRI Report will be posted during the second half of 2008. The 2006 report includes reporting detail prior to the 2007 acquisition of Phelps Dodge and contains information for our operations in Indonesia and Spain. This Working Toward Sustainable Development report is designed to complement the GRI data by providing discussion, context and illustrations of our commitment to sustainable development and responsible mining practices.

Freeport-McMoRan Copper & Gold Inc. has recently endorsed the Extractive Industries Transparency Initiative (EITI), making a company-wide commitment to disclose all revenues and payments in the countries in which we operate. FCX's commitments and policies are also aligned with IFC performance standards.

The merger between Freeport-McMoRan Copper & Gold Inc. and Phelps Dodge Corporation combines not only our businesses, but also our respective commitments to the communities and local environments in which we operate. We are establishing a global team responsible for ensuring that we live up to our commitment to sustainable development. We have formally adopted new environmental, health and safety policies and are updating our Social, Employment & Human Rights Policy to apply across our entire organization. The current text of all these policies is available on our web site.

Environmental Policy

Updated July 2007

This policy outlines our guidelines to minimize and mitigate environmental impacts, to protect and enhance the quality of the environment wherever we operate, to comply with all applicable regulations and to seek continuous improvement in environmental performance. The policy also includes commitments to achieve ISO 14001 certification at all operating facilities, recognize and protect biodiversity, and protect and remediate sites for which we are responsible.

Environmental Auditing Policy

Updated July 2007

An effective corporate environmental auditing program increases environmental management effectiveness and our confidence that the risks of potential exposure to adverse environmental issues are being addressed. Our Environmental Auditing Policy requires all major properties worldwide to be audited at least every two years and provides additional details on auditing procedures.

Corporate Safety & Health Policy

Updated July 2007

This policy lays out our objective of zero workplace injuries and occupational illnesses and provides for the establishment of benchmarks to evaluate our performance in achieving that objective. The policy also strengthens and re-emphasizes the implementation of safety and industrial health audits at all facilities.

Social, Employment & Human Rights Policy

As part of the integration of Phelps Dodge operations into the new Freeport-McMoRan Copper & Gold Inc., we are updating our Social, Employment & Human Rights Policy to be applicable to our increased global scope of operations. In the meantime, all of our sites will adhere to the commitments that existed before the merger, which commit us to being a responsible corporate citizen by fostering positive social and employment relationships, as well as ensuring that operations are conducted in a manner consistent with the Universal Declaration of Human Rights.

Principles of Business Conduct

The cornerstone of our commitment to integrity is our Principles of Business Conduct. They are designed to be a tool to reinforce what is important in our everyday work life – hard work, honesty, treating people fairly and working safely. Our commitment to these principles is the bond that binds us all in pursuing our common vision, from top-level management to entry-level employees. More discussion of the Principles of Business Conduct is included in the Corporate Governance portion of this report, or visit our web site.

BACK TO TOP