SUSTAINABILITY

Our Governance

Governance
Alumina Limited’s Board has ultimate responsibility over all sustainability matters at Alumina. In 2020 Alumina’s sustainability governance and strategy was strengthened by the formation of a Sustainability Committee of the Board. All members of the Board sit on this committee.

In regards to sustainability governance for AWAC, Alumina Limited’s principal interest is the integration of sound environmental, social and governance practices alongside sustainable financial performance.

This is achieved through:

  • discussing AWAC’s long term strategies and objectives with managing partner Alcoa
  • supporting the policies and practices that are implemented in AWAC companies to ensure sustainable operations
  • reviewing reports of non-compliances including for environmental and labour matters.

The Sustainability Committee Charter sets out the roles and responsibilities of the committee. It meets at least quarterly to assist and provide recommendations to the Board in relation to ESG matters including setting and reviewing relevant strategies, policies and position statements.
The committee also monitors performance, including reviewing reports of noncompliance on human rights, environmental, labour or anti-corruption grounds.

Risk

Alumina Limited assesses potential sustainability risks and opportunities through a Risk Management Framework. The Risk Management Framework describes the risks identified by Alumina Limited as potentially significant for the current operations and profitability and/or the long-term value of the Company. The Risk Management Framework also indicates the current assessment of Probability and Impact, mitigated by the strategies and risk mitigation actions currently in place and Action Plan.

The Board, supported by the Audit and Risk Management Committee, regularly review and challenge the risk assessment and action plans.

In late 2020, Alumina Limited conducted its most recent materiality assessment to identify sustainability topics that reflect an organisation’s most significant environmental, social and economic impacts and that are most important to its stakeholders.

The approach was guided principally by the Global Reporting Initiative Standards 2021 (GRI) and the Sustainability Accounting Standards Board (SASB) Metals and Mining Standard and considered:

  • The issues that matter to Alumina’s and AWAC’s business performance
  • The issues that matter to Alumina’s and AWAC’s stakeholders
  • The issues on which Alumina and AWAC does or could have an impact

The resulting material topics aligned to four major themes. The topics determined to be most material to Alumina Limited are highlighted in bold:

Refer to Alumina Limited’s most recent Sustainability Report for more information.

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