A company’s governance is vitally important for the functioning of the work environment and is committed to implementing the best practices in decision-making and day-to-day business management. , contributing to the construction of an ethical, responsible and fair organizational culture.
Samarco seeks to link its governance practices to market and shareholder references, in addition to implementing the assumption of acting responsibly towards the future of mining.
Our purpose is to carry out ethical mining, with clear goals and accessible and transparent communication channels. Our actions are in line with domestic and foreign policies and legislation, focusing on human rights, combating corruption and fraud, fair competition and legal and tax compliance.
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Ethics, Governance and Transparency -
Human and Organizational Development
Ethics and Transparency
Ethics and transparency play a fundamental role in the context of business governance. They are related to moral conduct and correct and fair behavior on the part of leaders and employees. Samarco is committed to complying with policies and legislation, respecting human rights, combating corruption and ensuring fair competition.
During 2023, the new Ethics Channel page was developed on the Samarco website and the channel’s first Annual Report was also published, with the main indicators relating to the reports received that year. The data is public and can be accessed through the link https://www.samarco.com/canal-de-etica/.
Ambition: To be an ethical company, without corruption, bribery and fraud practices, with robust governance and corporate transparency systems, which encourage the honest conduct of its employees and its businesses, as multipliers of the Integrity value in order to also reach suppliers, communities and families.
Sustainability Governance
Sustainability governance is a set of principles and practices used by an organization to integrate sustainability into its strategy and operations. It involves defining clear policies, identifying and managing risks and opportunities associated with sustainability.
Ambition: Establish a solid and transparent governance culture for sustainability, using responsible and ethical management practices in all operations.
Stakeholder Engagement
Stakeholder engagement is essential to guarantee the transparency, responsibility and legitimacy of Samarco’s actions. This commitment allows voices from different groups to be heard, for more informed and comprehensive decision-making.
This topic comprises issues concerning the communication of results through the Sustainability Report () and reputation. Committed to strengthening its relationship with interested parties, Samarco seeks greater cooperation and open dialogue.
Ambition: Establish relationships of trust with all stakeholders, communicating in a responsible, inclusive, ethical and transparent manner its sustainability performance.
Sustainable Supply Chain
We seek to contribute to the socioeconomic development of the company’s territories in Minas Gerais and Espírito Santo. The sustainable supply chain refers to the selection and management of suppliers that adopt sustainable practices in their operations. This involves considering not only the quality and cost of products or services, but also the social, environmental and ethical impact of the entire supply chain.
It is essential for Samarco that its actions influence and are part of the reality of supplier companies, maintaining continuous interactions beyond the selection and approval criteria and requirements. Through this approach, the company seeks to drive innovation, reduce risks, add value to its brand and meet stakeholder expectations.
Ambition: Provide a Sustainable Supply Chain with transparent criteria for selecting suppliers with responsible practices, aiming at reducing environmental impact and promoting social responsibility.
Environment
•Water
•Biodiversity
•Waste, tailings and waste rock
•Atmospheric and climate
Social
Engagement
• Host communities
• Territorial development
• Diversity, equity and inclusion
• People
Governance
• Ethics and transparency
• Sustainability governance
• Stakeholder engagement
• Sustainable supply chain
Remediation
• Dialogue
• People and communities
• Land and water
• Reconstruction and infrastructure