Alumina Limited

Our Approach

Alumina Limited has a non-operating role in a joint venture (AWAC) in partnership with Alcoa, the manager/operator.

Our Approach

As a resource-intensive extractives business, sustainability is critical to how AWAC operates. It is the cornerstone of the safety and wellbeing of our workforce, and the resilience and prosperity of our local communities and natural environment.

We do not have operational control of the assets in which we are a joint-venture partner.

However, we recognise the influence we have through our governance and joint venture agreements. Investors, and society more broadly, have increasing expectations of AWAC to understand and manage our sustainability risks and opportunities, and to transparently communicate these.

Key mechanisms for Alumina to influence sustainability practices within AWAC operations include:

  • reviewing AWAC’s long-term sustainability strategies and objectives with managing partner Alcoa
  • supporting the sustainability policies and practices that AWAC implement to ensure sustainable operations
  • reviewing reports of non-compliances on human rights, environmental, labour or anti-corruption grounds.

In 2018, we decided to review our approach to climate change, sustainability and governance. The review is considering:

  • Our sustainability reporting framework scope, principles, governance and metrics
  • Our material aspects for disclosure in sustainability reporting
  • Our climate-related strategy, risks and opportunities
  • >The recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)

The review will include recommendations which are expected to relate to Alumina Limited’s governance, risk management and strategy scope, and provide a more robust sustainability and climate-change disclosure regime.

Recommendations and actions resulting from the review will be rolled out progressively until the end of 2020.

Materiality and United Nations (UN) Sustainable Development Goals (SDGs)

In 2018 we concluded an internal materiality assessment of AWAC/Alumina to determine the most important sustainability risks and opportunities, consolidate risks, identify gaps and validate material topics.

The following topics were determined to be most material to Alumina:

  • Climate change
  • Energy and emissions
  • Waste (including dam management)
  • Safety and health
  • Community engagement and investment
  • Business integrity

Read our Sustainability Update for more information on our materiality assessment.

We have also conducted a mapping exercise to determine the alignment of the Company’s material topic definitions relevant to any of the seventeen SDGs set by the UN. The alignment based on the associated SDG targets and indicators. Through the analysis that was conducted, the following set of SDGs that are most impactful to Alumina based on its broader material topic definitions were identified.

Governance

  • Business integrity
  • Supply chains and human rights
  • Government and industry relations

Community

  • Community engagement and investment
  • Economic contribution

Environment

  • Energy emissions
  • Climate change
  • Waste
  • Land management and closure
  • Water
  • Process emissions
  • Biodiversity

People

  • Safety and health
  • Employee engagement and agreements
  • Diversity and inclusion