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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.

Sustainability And Our Business

We have noted the continuous improvement and increasing maturity in our sustainability-focused, global risk management processes, particularly over the last eight years of third-party assurance. While we will continue to implement the ICMM Sustainable Development Framework, we are focusing our sustainability efforts on two key areas that provide a solid foundation for achieving our long-term business objectives.

First, we must maintain acceptance to operate through shared value at the local level in order to reinvest in our existing properties, plus new ventures, thereby increasing the production of metals needed for a healthy and prosperous world.

We also understand that our sustainability performance is critical to meeting society’s, including our customers’, responsible sourcing objectives so that we can place our products into the global marketplace today and into the future.

We will maintain our efforts to continuously improve all elements of our sustainability performance and are eager to engage with stakeholders on this continued 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.

Our supporting 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 provide the details on how we operate.

For more information, please see our 2016 Working Toward Sustainable Development Report:

Freeport-McMoRan Sustainable Development report

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

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