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Sustainable Development

Climax Molybdenum Company, a subsidiary of Freeport-McMoRan, sustainability programs are consistent with commitments set forth in company-wide policies defined by Freeport-McMoRan.

PRODUCING RESPONSIBLY AND POWERING SOCIETY

We must maintain acceptance to operate through shared value at the local level in order to reinvest in our existing properties, and invest in new ventures, thereby increasing the production of metals needed for a healthy and prosperous world. Our sustainability performance is critical to meeting society’s responsible sourcing objectives so that we can place our products, which power societal advancement, into the global marketplace today and into the future.

To supply essential metals to current and future generations, we are guided by our stated business objectives, principles and policies, and we work continuously to improve our systems. Throughout this report, we review the progress we are making on key issues, including those emerging, which affect our company and our stakeholders. We aim to continuously improve our sustainability performance and are eager to engage stakeholders on this ongoing journey.

 

Principles of Business Conduct In February 2017, we launched the new Principles of Business Conduct (PBC) that highlights our core values of Safety, Respect, Integrity, Excellence and Commitment, and helps guide how we do business, from top-level management to entry-level employees. The PBC sets forth a variety of business situations, from promoting a safe workplace to complying with laws and avoiding conflicts of interests, to developing positive relationships with local communities. Freeport-McMoRan and its affiliates have established multiple mechanisms for employees and others to report concerns regarding potential violations of the PBC. One of the primary mechanisms is the Freeport-McMoRan Compliance Line, a phone system managed by an independent third party that allows for anonymous reporting. In addition, the company offers a similar web-based reporting system, also operated by a third party, along with an option for direct email to our Compliance Department. These accessible channels complement our long-established community and human rights grievance systems. By providing multiple reporting mechanisms, including anonymous communications, workforce members are encouraged to Speak Up if something violates, or, could possibly violate, the PBC.

In addition, the Freeport-McMoRan Supplier Code of Conduct sets forth our expectations for our supply chain partners in areas such as safety, respect for human rights, anti-corruption, community and environment. These policies, along with external standards and initiatives, form the overall framework that guides our sustainability programs. Supporting this framework are internal governance and management systems that detail how we operate.

For more information, please see our 2017 Working Toward Sustainable Development Report:

Freeport-McMoRan Sustainable Development report

For more information on our sustainable development program, click here.

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