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Policies

Implementation of Freeport-McMoRan’s sustainability programs is consistent with commitments set forth in company-wide policies. These policies, which apply to Climax Molybdenum Company, are aligned with the International Council on Mining & Metals (ICMM) 10 Sustainable Development Principles and applicable position statements, including those described below.

Principles of Business Conduct

The cornerstone of our commitment to integrity is our Principles of Business Conduct, which set forth the global system of principles that our workforce must follow in all activities — from complying with laws to avoiding conflicts of interest.

Anti-Corruption Policy

The purpose of our Anti-Corruption Policy is to help ensure compliance by the company with the U.S. Foreign Corrupt Practices Act of 1977 and other relevant anti-corruption laws, including laws in the countries where we operate.

Community Policy

This policy recognizes the vital role of stakeholder engagement. The policy calls for collaboration with communities, including indigenous populations, to minimize and mitigate adverse impacts and cultivate opportunities to maximize benefits.

Environmental Policy

This policy outlines our duty to minimize the impact of our operations on the environment using risk management strategies based on valid data and sound science and, where practicable, to protect and enhance the quality of the environment in areas where we operate. The policy also includes commitments to achieve ISO 14001 certification at all operating facilities, support biodiversity programs in operational areas, and remediate sites for which we are responsible.

Human Rights Policy

This policy outlines our dedication to respecting and promoting human rights wherever we do business. We respect the rights of all individuals, including employees, suppliers, community members and others who may be potentially impacted by our business. The policy also calls for the alignment of our human rights due diligence practices with the United Nations Guiding Principles on Business and Human Rights.

Safety & Health Policy

This policy establishes our objective of zero workplace injuries and occupational illnesses. The policy provides for the establishment of benchmarks to evaluate our performance in achieving that objective. The policy also addresses the implementation of safety and industrial health audits at our operations on a regular basis and implementation of best safety practices throughout the organization.

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